the early of 1970‚ Franchise as a business format known in Indonesia started the pioneer such as KFC‚ Pizza‚ Coca-Cola and McDonals entered franchise market in Indonesia‚ journal of Bank Indonesia (2009). The concept of franchising recently has become one of the trend of modern economy that gave a new color for economic sector especially in Indonesia. Since foreign franchise entered the market of Indonesia‚ the concept of franchise itself has been define as below: “Franchise is a method of distributing
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1. Evaluation of Cinnabon 1.1 Background and Reliability The Cinnabon franchise was sourced from www.franchiseopportunities.com (Appendix 1). Cinnabon was founded in 1985 and have more than 1‚100 bakeries in over 55 countries‚ primarily in high-traffic venues. They are the current market leader among cinnamon roll bakeries. Cinnabon has won several awards (Appendix 2)‚ such as the World-Class Franchise award. Cinnabon is a Business Format type of Franchising that is fully integrated and fosters an
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Rys Hoang Entrepreneurship Mr. Brown October 15‚ 2010 7 Eleven Report I love to be the franchise of 7-Eleven which one is a third place ranking Entrepreneur magazine’s Top 10 Franchises for 2010. I want my business to be located in Houston. According to my research‚ 7-Eleven’s franchisees almost open their business in Dallas and Austin and don’t have any restaurant in Houston. So it will be a good opportunity for me to open the first one in Houston. I choose Houston’s central as a first place for
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be. SWOT Analysis The biggest advantage that Dual Pane Company has over the competition is that there is no competition. No one else has the ability to do what John Grayson’s machine can do. He has a fresh new idea that he will be able to franchise very easily and successfully. The overall state of the economy is a big factor in whether the home restoration market is doing well. Since the Graysons began business in August 2002‚ the economy has been favorable. In the Boston area‚ there has been
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of the franchise is a major disadvantage. Even though the franchise may provide pre-opening and on-going support‚ it may come at a price. Every franchisor will charge a franchise fee‚ the onetime payment to become a franchisee. Also a royalty fee will be charged which is a specified percentage of sales revenue. (Hatten 114) 2. Restrictions on freedom or creativity is another disadvantage. Most people start their own business to have more independence. When you decide to purchase a franchise‚ you have
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Creating a franchise starts with the customer. The franchisor needs to identify potential customers and produce a business format which will meet their needs and create wealth for both the franchisor and the franchisee. This paper proposes a strategic planning for a franchise system of a hostel. First‚ it provides a brief description of the latter. Then‚ it analyses the major factors that the hostel shall consider when embarking in franchising. This is followed by crafting a franchise system strategy
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Pamantasan ng Lungsod ng Maynila (University of the City of Manila) Intramuros‚ Manila GRADUATE SCHOOL OF MANAGEMENT PRINCIPLES OF MARKETING MAMA BEAR – CASE ANALYSIS VIEWPOINT Mama Bear Child Care Center – Mylene Bartolome‚ Antonette Evangelista‚ Mary Rose Ang and Alalyn Ramos. TIME CONTEXT Last quarter of year 2010. I. PROBLEM STATEMENT How can “MAMA BEAR” strategically expand their customer reach? II. STATEMENT OF THE OBJECTIVE To gain additional market segment in
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Haislmaier Mathew Piotrowski ENG 111 93N 9/10/2014 A Fresh Start Walking in to the meeting the morning of Thursday May 8th 2014‚ I was not prepared for the unexpected. "Chris‚ I would like you to be a supervisor for me." AJ Clemens‚ my franchise owner‚ was promoting me from the one of the newbie’s to one of the managers for the store. It felt like ages as I stood there in disbelief finally answering‚ YES! Taking a step back and looking into my past one can see that I had gone to school
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expansion into another countries‚ such as China‚ India‚ and South Korea. However there are many risks and costs to consider‚ as there have been a number of failures in international expansion at South Korea and Australia. NYF operate mainly from franchise. Franchise owners bought the rights to operate NYF in different locations. NYF will then get upfront fee and monthly royalty‚ NYF also encourages franchisees to open more stores by giving refunds for the next five stores opened. Currently there are more
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Report Franchising Definition What is franchising? For my personal knowledge when I not yet doing this presentation. Franchise is buying others people brand to start doing business with the brand name. After I had develop information of franchising. I’m right‚ but the correctly‚ franchise is a continuing relationship in which a franchisor provides a licensed privilege to the franchisee to do business and offers assistance in organizing‚ training‚ merchandising‚ marketing and managing in
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