franchise situation. THEORITICAL/ HISTORICAL PERSPECTIVES OF FRANCHISING The Concept of Franchising Franchising is an agreement between organizations where a producer of product or service grant rights to independent business men to conduct business in a specified way‚ designated place and at a certain period of time. It is a very specific method or way of distributing goods and services. Gates (2000) argued that franchising is not a business itself‚ but a way of doing business. No wonder
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information with regards to the Dunkin Donuts as a Franchisor and its relationship to franchisee. This study was deemed significant for the following persons and franchising industry. This study also provided interested information in determining the Dunkin Donuts as a Franchisor and its relationship to franchisee. To the franchising industry‚ this research study will provide sufficient information that will be useful in knowing the background between franchisor and franchisees relationship
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What is an entrepreneur? "An entrepreneur is a person who has possession over a venture… that takes significant accountability for the inherent risks for the new venture. Entrepreneurship is the process by which individuals pursue opportunities without regard to the resources they currently control." What does an entrepreneur do? "The essence of entrepreneurial behavior is identifying opportunities and putting useful ideas into practice. The entrepreneur shifts economic resources (like wood
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with the franchisor’s guidance‚ in exchange for a fee. There are many different types of franchises. In fact‚ there are over 120 different types of franchises businesses available today‚ however‚ many people associate only fast food business with franchising .Some of the most popular franchises are McDonald’s‚ Subway‚ Pizza Hut… I.2. KFC KFC (Kentucky Fried Chicken) is a fast food restaurant chain headquartered in Louisville‚ Kentucky‚ United States‚ which specializes in fried chicken. An "American
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was Boston ("only way"‚ 37). Boston Pizza and Spaghetti House became a popular restaurant and in 1968 it began to operate as a franchise. In mid-1968‚ Jim Treliving‚ a former drum major for the RCMP‚ and his friend Don Spence bought the franchising rights for British Columbia with the exception of Vancouver. They opened their first unit in Penticton‚
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Managing People and Organizations Discussion Questions – 1 1. ‘Sole proprietor forming a partnership’ Explain. There are different types of private sector organizations and some shift from one type to another. Often‚ this shift happens when the organizations are faced with difficulties or in order rise from the current level. Sole proprietor forming a partnership is a typical case of such a transition which has both benefits and drawbacks. Sole proprietor and partnership are significantly different
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management‚ but Gold Star Chili‚ Inc.‚ based in Cincinnati‚ Ohio‚ does just that. Figure 5.3 shows a process-based organization of the company. Three major core processes link the operation of the company to its customers and other stakeholders: 1.franchising‚ 2.restaurant‚ and 3.manufacturing/distribution. Sustaining these core processes are various support processes‚ such asresearch and development‚ human resources‚ accounting‚ purchasing‚ oper-ations‚ training‚ marketing‚ and customer satisfaction
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Chinese cities. The company began to make a profit but by 2001 the company began to experience major problems. Situation Analysis Franchising seems to be an attractive mode of entry for global companies that wish to anchor their brand in China without taking much risk. The history of franchising in the Chinese market began in the
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Quiz 1 TRUE/FALSE Chapter 1 1. An entrepreneurial career can provide an exciting life and substantial personal rewards while also contributing to the welfare of society. 2. The term entrepreneur is understood in this text to refer only to founders of small businesses. 3. An owner-manager is a person who founds a new business. 4. According to the definition of entrepreneur given in Chapter 1‚ owner-managers who buy out founders of existing
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Summary of PPT Slides Introduction (PPT 2‚ 3‚ 4) Think Pizza‚ Choose Domino’s! Domino’s pizza is a passionate team in pursuit of becoming The Unrivalled No.1 Pizza Company in Malaysia. Here is the video about the Domino’s Pizza. The title of the video is Domino’s Pizza Turnaround. After the video‚ here is the background of Domino’s Pizza. Domino’s started with one store‚ which is called "DomiNick’s“. It bought by brothers‚ Tom and James Monaghan. By 1989‚ Domino’s had 5‚000 stores in operation
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