My Point Of View Of Franchising Essay - 2617 Words

TASK ONE According to my point of view, franchising is simply a technique for extending a business and distributing goods and services through a permitting relationship. It is a type of business that is owned and operated by franchisees but that is branded and overseen by a usually national or multinational company. Franchise is a business that you see in different cities. They are recognizable because their company logo and products are same. A franchise is a type of business that is the same all around you go. 1.1 Integrated business operations A term used to characterize an organization that consolidates two or more operations or divisions and works as a specialty unit. It is likewise called master franchise. Master franchise is a franchising contract in which the master franchiser hands over the control of the franchising activities in a specified territory to a person. Single product or service operations In simple words two or more company operated by single hand is called single products or service operations. Manufacturing and whole sale Manufacturing and Retail industry is subject to more opportunities, challenges as well as threats in other words supply the products Manufacturing and whole sale. Manufacturing and retail Manufacturing and retail is defined as when the product is ready to sell to the customers in other words direct transfer to manufacture to retail. Wholesale and retail Retailers consist of small and large for-profit businesses that sellShow MoreRelatedThe Cross Border Commerce : With Biblical Worldview Applications1478 Words   |  6 Pagestextbook, the objective of this paper is to define licensing and franchising, as well as expand the gained knowledge of the textbook reading. Licensing and franchising is an indirect form of exporting that entails the exporting of technology by companies (Satterlee, 2014). Furthermore, a licensor is the faction giving the license, whereas the licensee is the faction that utilizes the license (Satterlee, 2014). However, franchising substantiates as a substitute to licensing (Satterlee, 2014) dependingRead MoreTutorial 12 (Week 7)1693 Words   |  7 PagesTutorial 12 (week 7) Topic 5: Franchising MCQ 1. | According to our textbook, which of the following is not a quality to look for in prospective franchisees? | | a. | individual, rather than team-oriented | | b. | ability to follow instructions | | c. | experience in the industry in which the franchisee operates | | d. | ability to operate with minimal supervision | | e. | adequate financial resources and a good credit history | Answer: A 2. | AccordingRead MoreSteve Ells Is The Entrepreneur That Started Chipotle Essay1264 Words   |  6 PagesInstitute of America. Nevertheless, his original motivations to start the business were: To change the way Americans eat. Also, he dreamed of opening a fine-dining restaurant unfortunately, he ran into the problem of lack of finance. Then, at this point, he had a great motivation to generate cash so that he can start off his huge business in future. So, in 1993 he opened Chipotle to make money to fund his fine-dining restaurant. The idea commenced and Chipotle with its thwart wrapped burritos pickedRead MoreCmba2625 Words   |  11 PagesNumber 8 The Franchising Decision: The Perspective Of The Franchisee In The Hospitality Industry Ramon Diaz-Bernardo, Instituto de Empresa Business School, Spain ABSTRACT Franchising is a major trend in the hotel industry. Despite the fact that almost two-thirds of branded hotels in the U.S. are franchised, there is a lack of empirical research on franchising in the hospitality industry. In this article, I reviewed one of the most relevant lines of research in franchising literature, usuallyRead MoreEssay about Aussie Pooch Mobile Swot1301 Words   |  6 Pagespromotional activities such as website, telephone hotline service, public relations and encourage customers to use word of mouth by giving them an incentive to do so. All these will make them stronger and more successful than their competitors. Their point of view is that what counts are the quality of service provided and not the size; therefore they should focus on their strengths and improve on their weaknesses. The SWOTs in bold fonts above, but not limited will help APM a great deal in expanding itsRead MoreMarketing reflective essay1106 Words   |  5 Pagesoccurred challenges. My thirst for knowledge had increased when somebody introduced me a multilevel marketing business and the innovative method that implied this cash back system. Therefore, I was influenced in a positive way, understanding what I truly want for my future. I got involved in that multilevel marketing business with a couple of friends, developing a team in which we had a simple goal: growing on both financial and educational aspects. In other words, this was my first step in dealingRead MoreMarketing Entry Strategy3304 Words   |  14 Pages1 Introduction In this assignment, there have several ten questions for us for selection, I have choose the question five for my assignment this time, this question is regarding to two areas, one is the market entry strategy and explain why no single strategy can be used in all circumstances; another one is explaining why franchising is popular method of entering markets abroad and describe its characteristic. 2 Market Entry Strategy Why firms go abroad First of all, we need to know why firmsRead MoreInvestigate The Extent To Which The Purpose, Structure1246 Words   |  5 Pagesstructure, and culture of an organisation effects its employee’s behaviour within the workplace. The way McDonald’s Corporation is structured and how this impacts individual workplace performance and the influence of McDonald’s organisational culture on my own working practices, as well as the effects of the above in supporting equality and diversity. ïÆ'Ëœ The organisation’s purpose and objectives and the extent to which these are shared by employees – the ‘golden thread’ Mcdonalds mission: â€Å"McDonald sRead MoreCase Study: Pho 24 Vietnam6640 Words   |  27 PagesPublication details, including instructions for authors and subscription information: http://www.tandfonline.com/loi/wjmc20 Pioneering Asian Franchise Brands: Pho24 in Vietnam Lorelle Frazer Bill Merrilees a a a Asia-Pacific Centre for Franchising Excellence, Griffith Business School, Griffith University, Australia Version of record first published: 30 Aug 2012. To cite this article: Lorelle Frazer Bill Merrilees (2012): Pioneering Asian Franchise Brands: Pho24 in Vietnam, Journal ofRead More4.1 Produce A Set Of Clearly Defined Operational Outcomes1305 Words   |  6 Pages4.1 Produce a set of clearly defined operational outcomes of an organisation. From this Franchise Exhibition, I have selected First Light home care. The reason I have selected this organization is because of my passion for caring.The person explained everything in detail and how to apply for pre-opening consideration as a local First Light home care franchise market owner. The operation outcome is specific measurable statement by improvement a unit would like to make to it programme and service