Contents 1 Definition of Franchising 2 Businesses for which franchising works best 3 Advantages 4 Disadvantages Definition of Franchising Franchising refers to the method of practicing and using another persons philosophy of business. The "franchisor" authorizes the proven methods and trademarks of his business to the "franchisee" for a fee and a percentage of gross monthly sales. Various tangibles and intangibles such as national or international advertising‚ training‚ and other support
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How many phenomenons have a global impact? If you are to count‚ they could be counted on your finger tips. Globalization is one of them. So before going to the advantages and disadvantages of globalization‚ lets us try to grasp this concept first. Simply put‚ globalization is an ongoing process of integration of regional economies into global network of communication and execution. Let me explain this a bit. Assume that you are a mango farmer in India and you grow very good quality mangoes over there
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Advantage (depending upon implementation some of these can turn into disadvantages) employment (1 emp/1000 tourist) (labor intensive‚ few administrative positions‚ little upward mobility.) infrastructure development (roads‚ water‚ electricity‚ telecom and cybercom‚ but not necessarily local priorities.) cultural preservation (economic incentives to preserve food‚ fashion‚ festivals and physical history‚ but these tend to be superficial elements of a culture.) environmental protection (econ incentives
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biggest fried chicken join in the planet. [Online] available at: [Accessed 09 October 2012]. Honan‚ M. 2011. Steve Job is dead. [Online] available at: < http://gizmodo.com/5838847/steve-jobs-is-dead> [Accessed 28 September 2012]. Morgan‚ R. 2012. Disadvantage in branding. [Online] available at: [Accessed 28 September 2012]. Musil‚ S. 2012. Apple settles iPad trademark dispute in China for 60M. [Online] available at: < http://news.cnet.com/8301-13579_3-57464626-37/apple-settles-ipad-trademark-dispute-in-china-for-$60m/>
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Advantages and Disadvantages of Decentralisation Decentralisation means diffusion of authority. The dispersal of authority of decision- making to the lower level management is termed as decentralisation. Decentralisation of authority is a fundamental phase of delegation and the extent to which authority is not delegated is called centralisation. Here got some advantages and disadvantages of decentralisation. Firstly‚ distribution of burden of top executive. Decentralisation helps to its executive
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Advantages and Disadvantages of Outsourcing Outsourcing is an allocation of specific business processes to a specialist external service provider. Most of the times an organization cannot handle all aspects of a business process internally. Additionally some processes are temporary and the organization does not intend to hire in-house professionals to perform the tasks. Once the task is outsourced to the service provider‚ he will take the responsibility of carrying out the tasks and maintaining
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Advantages and Disadvantages of Renewable Fuels Solar Energy: Advantages: -Energy is free although there is a building cost. -Causes no pollution‚ however‚ energy may go into machines that produce pollution. -Solar energy can be used in remote areas where it is too expensive to extend the electricity power grid. -Estimated that the worlds oil reserves will last for 30-40 years whereas solar energy is infinite. Disadvantages: -Solar energy can only be harnessed when it is daytime
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submitted by mechanupam (ANUPAM BASU) Advantages of CNG It is the most economical & environment friendly fuel available. Though the initial cost of conversion kit may seem to be high‚ the same can be recovered in less than 2 years because of low operating cost. It is the most economical & environment friendly fuel available. Though the initial cost of conversion kit may seem to be high‚ the same can be recovered in less than 2 years because of low operating cost. CNG is environment friendly‚ No
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Advantages and Disadvantages of Computer: Almost every home‚ office‚ or school has a computer of some kind these days. It may seems at first that having a computer brings only benefits‚ but further consideration shows that it also has disadvantages. First of all computers are very useful at school. It helps students to revise for tests or exams and makes subjects more interesting. Pupils can also learn new vocabulary and grammatical structures. Furthermore it allows students to become familiar
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Advantages and Disadvantages of Wind-Generated Electricity A Renewable Non-Polluting Resource Wind energy is a free‚ renewable resource‚ so no matter how much is used today‚ there will still be the same supply in the future. Wind energy is also a source ofclean‚ non-polluting‚ electricity. Unlike conventional power plants‚ wind plants emit no air pollutants or greenhouse gases. According to the U.S. Department of Energy‚ in 1990‚ California’s wind power plants offset the emission of more than 2.5
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