to management control issues. Based on an analysis of franchising articles published in twenty-five high-impact journals over the period 1996–2008‚ the literature is divided into the following three broad streams: franchise initiation and subsequent propensity to franchise‚ franchise performance and control of franchising relationships. Several research gaps and avenues for future research are identified‚ especially towards a systematic study of management control issues in the context
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Types of Franchising There are three basic types of franchise; 1. Trade name franchise Trade name franchise involves a brand name such as True Value Hardware or Western Auto. Here‚ the franchisee purchases the right to become identified with the franchisers trade name without distributing particular products exclusively under the manufacturers name. 2. Product distribution franchise A Product distribution franchise licenses the franchisee to sell specific products under the manufacturers
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Franchise Have you ever noticed when you are out in your local shopping district just about everywhere you look there is a McDonalds‚ Taco Bell‚ or Pizza Hut? These types of businesses are known in the business world as franchises. The franchise is a business that is individually owned but it is licensed to operate under the umbrella of a major corporation‚ as Henry Cheeseman states in chapter 40 of his book Business Law‚ a franchise is a separate corporation from a corporation. When a person
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Concept of franchise There are thousands of franchised businesses‚ covering nearly every conceivable industry‚ from well-known national brands to smaller‚ local opportunities. The challenge is to decide on one that both interests the investors and is a good investment. The term franchise basically illustrates the concept of buying an international company and using in a different country/state. In other words it means one is buying the right to use a specific trademark or business concept. The
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more Chinese consumers over larger segment . country The Pros and Cons of Franchising in China US companies must jump hurdles to operate successful franchises in China‚ but the potential benefits are too great to ignore. William Edwards 40 July–September 2011 chinabusinessreview.com FRANCHISING W estern and local franchise brands have developed group is largely a young‚ upwardly mobile‚ and aspirational significantly in China over the past 15 years‚ as the two-income family demographic
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Food cart franchise business – A booming industry in the Philippines by Myla Jasmine Bantog If there is one business that has been proven to be successful in the Philippines time and again‚ then that has to be the food cart franchising business. Even though the Philippines is considered to be a third world country‚ it is still a very lucrative location for franchising‚ since Filipinos are constantly on the lookout for profitable business opportunities. In fact‚ the Philippines is now known as
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business. In this summary‚ I would like to share many different aspects of the company‚ as well as what sets them apart from the rest of the restaurant world. Information covering the history of the company will be shared and I will also discuss the franchise logistics and corporation statistics of the company. Lastly‚ I will share the leadership strategy of the McDonalds Corporation. Introduction In this module I have learned a vast amount of information dealing with groups. I have learned what it
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looking to obtain a franchise‚ or two‚ in Body Shops. He has a background in the MBA program at Ivey School of Business‚ Western University‚ and seven years in retail management. Confident of his abilities in the field of marketing and human resources‚ he believes he could hold two franchised stores in London‚ Ontario and Sarnia‚ Ontario in partnership with two separate business colleagues. Mr. Paul is looking for a way to convince Mr. Robertson (head office) to give him two franchises according to numbers
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Franchisees gain numerous advantage when they purchase a franchise. First‚ while a franchisee may be opening a new store‚ it is part of an already established business and system. This means a franchisee has access to turnkey operations‚ allowing an increased speed to establishing and growing the business. Franchisees also get support for management and training activities‚ as well as financial assistance. Going hand in hand with this‚ a franchise already has an established brand name‚ quality of goods
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Cited: Franchise Information. Panera Bread. Web. 01 Oct. 2012. <http://www.panerabread.com/about/franchise/?ref=/about/compa "Our History." Company Overview. Panera Bread. Web. 01 Oct. 2012. <http://www.panerabread.com/about/company/history.php?ref=/ab
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