need to have a flexible organizational culture. According to Hoffman and Preble (2004)‚ franchising is a well working theory that helps companies adapt to different cultures and business regulations cited by Engman and Thornulund (2008). According to Quinn (1998)‚ franchising has become the cornerstone of international expansion of companies. The author argues that there are many advantages with franchising as an entry mode such as ability to expand the company rapidly and lowering the risk by spreading
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Tutorial 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. | According
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Franchising Vs. Licensing Jacoby Ponder Reading this article I could only have one thing in mind as a small business owner myself‚ and that was to discuss options other then buying. Based on the reading as well as my own research this is what I came up with Franchising? Or Licensing. Franchising vs. Licensing: An Example Franchising: Some fast-food chicken franchises cost more than one million dollars to get into‚ a LFC store costs as little as $150‚000 to establish a planned restaurant‚
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J.‚ Walker‚ B.J. & Stanton‚ W.J. (Eds). Channel of distribution‚ Boston‚Mass.: Mc Graw-Hill/Irwin. Gattorna‚ J. L. & Walters‚ D. W. (1996). Managing the supply chain: A strategic Perspective. Basingstoke‚ Macmillan. Hall‚ P. & Dixon‚ R. (1988). Franchising. London: Pitman Publishing. Higginson‚ J.K. &. Bookbinder‚ J.H. (1997). (Eds)‚ Distribution centers in supply chain operations‚ New York: Springer. Hisrich‚ R. D. & Peters‚ M. P. (1995). Entrepreneurship‚ (3rd ed). Chicago: Irwin Publishing. Kotzab
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Entyry Modes for MNC in International Market Foreign market entry modes differ in degree of risk they present‚ the control and commitment of resources they require and the return on investment they promise. There are two major types of entry modes: ❖ Equity and Non-equity modes. The non-equity modes category includes export and contractual agreements. The equity modes category includes: joint venture and wholly owned subsidiaries. Exporting Exporting is the process of selling of goods
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The case study is also attached to this examination paper. This is a CLOSED book examination. May 2011 Course Title Small Business Development Course Code BUSI 1151/1494 Page 1 of 2 APPROVED Question One – Franchise (40 marks) a) Franchising is central to POD’s success. Explain the concept of franchise in your own words. (5 marks) The franchise model brings both benefits and limitations to a small but fastgrowing business like POD. What were the key benefits and limitations to the franchisor
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I recommend that Noodles & Co. adopts franchising to boost its growth. As proved by McDonald’s-like quick-casual restaurants‚ expanding through franchising presents a way to rapidly establish a presence in the market and lock in a market position for products or services. On the one hand‚ franchising could provide a fast growing speed that Noodles and Co. needs to keep pace with intense competitive openings‚ as a study commissioned by the board of directors found that tactic could help swell the
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References: Bender‚ R. ‚ & Ward‚ K. (2003). Corporate financial strategy (2nd ed.). |Burlington‚ MA: Butterworth-Heinemann Lee‚ KS. (2010). Focus point plans forays into South-East Asia. Kuala Lumpur: The Star.co.my News: Focus Point to expand via franchising. (2003). Retrieved from Malaysian Franchise Association: http://www.mfa.org.my/?franchise-news:focus-point-to-expand-viafranchising:2C00C881V1
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Discussion Question: Please discuss the following: Does franchising make sense as a way to expand this business? Why do you think Brian has had a difficult time finding potential franchisees for his business (professional franchisees‚ not the initial student model)? If you were a potential franchisee‚ would 1-800-GOT-JUNK be a good choice? Why or why not? Franchising offers many opportunities that could allow it to expand this particular business. Franchising allowed Brian to begin expanding the company without
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Corporate Level Performance Firms use corporate level cooperative strategies to help diversify its products or markets served. Three corporate level cooperative strategies most commonly used are diversifying alliances‚ synergistic alliances‚ and franchising. Diversifying and synergistic alliances enable firms to grow and improve their performance by diversifying its operations. A diversifying strategic alliance is a corporate level cooperative strategy in which firms share some of their resources
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