This document provides background information on Tshirt Store Company and discusses their interest in expanding their franchise operations into new markets in Europe. It begins with an introduction to Tshirt Store's founding in 2006 in Sweden and their initial growth opening new corporate stores and franchises. The purpose is defined as helping Tshirt Store find franchisees and partners in major cities and airports across the European Union. The research questions aim to identify what types of organizations could help find franchisees and their associated costs. The document then reviews definitions and models of franchising, describing Tshirt Store's use of a business format franchise approach. Requirements for potential franchisees are also outlined.
MaryJoans is a locally-owned, high-quality t-shirt company that supports breast cancer research. It uses market research to understand customers, competitors, and gauge business success. The document discusses qualitative and quantitative research methods, with qualitative involving focus groups and interviews to understand customer motivations, and quantitative using surveys and data analysis to aid expansion and increase sales and retention. Measures of success include customer satisfaction, financial performance, and acquiring new customers.
B Business and Management (Standard Level)
All material taken from the IB Business and Management Textbook:
"Business and Management", Paul Hoang, IBID Press, Victoria, 2007
The document discusses marketing and market surveys. It defines marketing as communicating the value of a product or service to customers for the purpose of selling it. A market survey gathers information about existing or potential customers in a market to help organizations address problems related to customers, products, prices, promotion, and competition. Conducting a proper marketing survey involves defining objectives, selecting a sample, preparing questions, collecting and analyzing data, and preparing a report.
This document provides an overview of marketing strategies and tactics for small businesses. It defines marketing as everything done to promote a product or service to potential customers. It emphasizes understanding customers, conducting market research, developing a marketing plan including goals, strategies and tactics. The document discusses branding, positioning, and the marketing communications mix of advertising, sales promotion, public relations and direct marketing. It stresses measuring the results of marketing efforts and provides additional resources for small businesses.
The document discusses various marketing strategies and frameworks. It introduces the Boston Consulting Group (BCG) matrix, which categorizes brands based on their market share and growth. It also discusses corporate identity in terms of whether a company takes an offensive or defensive stance in the marketplace. Finally, it outlines different types of marketing goals a company may want to achieve, such as increasing profits, delighting customers, and redefining their market position.
MaryJoans is a locally-owned, high-quality t-shirt company that supports breast cancer research. It uses market research to understand customers, competitors, and gauge business success. The document discusses qualitative and quantitative research methods, with qualitative involving focus groups and interviews to understand customer motivations, and quantitative using surveys and data analysis to aid expansion and increase sales and retention. Measures of success include customer satisfaction, financial performance, and acquiring new customers.
B Business and Management (Standard Level)
All material taken from the IB Business and Management Textbook:
"Business and Management", Paul Hoang, IBID Press, Victoria, 2007
The document discusses marketing and market surveys. It defines marketing as communicating the value of a product or service to customers for the purpose of selling it. A market survey gathers information about existing or potential customers in a market to help organizations address problems related to customers, products, prices, promotion, and competition. Conducting a proper marketing survey involves defining objectives, selecting a sample, preparing questions, collecting and analyzing data, and preparing a report.
This document provides an overview of marketing strategies and tactics for small businesses. It defines marketing as everything done to promote a product or service to potential customers. It emphasizes understanding customers, conducting market research, developing a marketing plan including goals, strategies and tactics. The document discusses branding, positioning, and the marketing communications mix of advertising, sales promotion, public relations and direct marketing. It stresses measuring the results of marketing efforts and provides additional resources for small businesses.
The document discusses various marketing strategies and frameworks. It introduces the Boston Consulting Group (BCG) matrix, which categorizes brands based on their market share and growth. It also discusses corporate identity in terms of whether a company takes an offensive or defensive stance in the marketplace. Finally, it outlines different types of marketing goals a company may want to achieve, such as increasing profits, delighting customers, and redefining their market position.
Ready, Set, Present (Marketing PowerPoint Presentation Content): 100+ PowerPoint presentation content slides. People say, ”Nice to see you.” The response can be, “Nice to be seen.” This exemplifies marketing which in today’s world has never been so important for both large and small companies alike. Marketing PowerPoint Presentation Content slides include topics such as: Defining the elements of Marketing, developing key positioning statements and messages for your products and services, using a three-step process for market research, and understanding the benefits of Internet marketing. Learning about marketing models, strategy and programs including 7 slides covering branding, 10 slides describing steps to market research followed by 4 slides of effective marketing examples. Gain the necessary information on how to brand your business as well as ways to develop brand positioning. Further, this presentation includes 11 slides covering marketing plan, 4 slides about customer feedback followed by examples, plus 5 slides teaching how to name a product, company and service. In addition you will receive 40 slides covering marketing materials, internet marketing, search engine optimization, the future of marketing and much more.
This document discusses product strategy and new product development. It begins by defining what a product is and outlines the five levels of product potential: core, basic, expected, augmented, and potential. It then discusses elements of an effective product strategy, including defining the target market, product, value proposition, pricing, and distribution. The document emphasizes determining customer needs and problems to solve. It also discusses product mix and analyzing a company's ability to exploit opportunities in its industry or market. The goal of product strategy is to focus a company and guide new product releases.
This document outlines the key components of a marketing plan, including an analysis of the product's market and competitors, positioning of the product, messaging and targeting of consumer demographics, packaging and pricing details, a launch plan, and strategies for promotion, distribution, and measuring success. The plan describes the competitive landscape, strengths and weaknesses of competitors' products, and how the new product compares. It also provides high-level summaries of costs, budgets, distribution channels, vertical market opportunities, and goals for the first and additional years.
The document discusses marketing strategies for small businesses. It emphasizes identifying the target market through questions about customers, products/services, price, place, and time. A marketing strategy is developed using market research to craft a marketing mix tailored to the target market. Key aspects of the target market include size, demographic characteristics, and segmentation based on desirable traits. The marketing mix variables discussed are product, price, promotion, and place of distribution.
The document outlines key concepts in marketing including defining marketing as creating value for customers to build relationships and capture value in return. It discusses understanding customer needs and the marketplace, and how a customer-driven marketing strategy involves selecting target customers and a value proposition. It also covers trends changing marketing like the digital age, globalization, and focus on ethics and social responsibility.
Go grab yourself a cup of coffee, give yourself a talking and plan what you’re going to do to make the rest of the year and 2016 a great time for you and for your business.
Marketing is an inevitable part of doing both business and non-business. This is emphasized in this presentation. A different focus of this kind is expected to add more value for the enthusiast.
The document provides an overview of key concepts for marketing planning, including defining vision, goals, objectives, strategies, and tactics. It explains the differences between strategic and tactical planning and covers various analyses like SPENT, BCG matrix, GEC grid, Porter's generic strategies, and Ansoff matrix. The marketing planning process is outlined as analyzing the business, market situation, objectives, strategies, and effectiveness. The components of a marketing plan like executive summary, situation analysis, SWOT, objectives, strategies, implementation, and appendices are also described.
This document provides an overview and introduction to marketing planning. It discusses developing a marketing plan, which includes researching the current situation, understanding markets and customers, segmentation, targeting, and positioning. It also discusses developing marketing strategies and programs, and preparing to track progress and control the marketing plan. The document outlines some guiding principles for marketing planning such as emphasizing relationships, involving everyone, seeking alliances, and being innovative.
I gave this presentation on February 16, 2016, at the Decatur Morgan County Entrepreneurial Center. It covers market analysis competitive analysis, the importance of target markets, pricing strategies, and positioning in the marketplace.
Conducting Marketing Research and Forecasting Demand Show and Tell PPTMark Anthony
The document discusses conducting marketing research and forecasting demand. It outlines the 4 Ws and H of marketing research: what marketing research is, why it's conducted, how to conduct research, when to enter the market, and where to target customers. Marketing research involves systematic design, data collection, analysis, and reporting to provide insights. Demand forecasting estimates current and future demand to help companies set sales goals and understand market potential.
1. The marketing plan analyzes Subway's market situation in South Korea, including a SWOT analysis and competition assessment.
2. The marketing strategy aims to position Subway as the most environmentally friendly fast food chain. Target markets include Asia, specifically South Korea.
3. Key tactics include replacing single-use plastic with reusable dishes, providing incentives for reusable tumblers, and addressing high barriers to entering the Korean market.
CUSTOMERS SATISFACTION IN UTILITY SECTORS OF PUBLIC ENTERPRISES IN NEPALIAEME Publication
Background - Customer satisfaction is a measure of how products and services
supplied by a company meet or surpass customer expectations. The question is not how
satisfied customers are, but how emotionally attached they are to organization’s
products, services and brands.
Purpose – The purpose of this study is to examine the level of customer satisfaction
in public enterprises of Nepal
Methodology Used – Descriptive and analytical research designs have been used
for the study. Primary data have been collected through the questionnaires using
judgmental sampling from the three public enterprises of Nepal. Questionnaires have
been developed in five scales and mean, standard deviation and coefficient of variation
have been used as tools.
Reliance Retail is changing its market strategy in response to the evolving Indian retail sector. While it had traditionally focused on smaller stores, it is now expanding into larger "big-box" stores carrying a wide range of products. It is also hiring executives from global retailers like Walmart to help drive these strategic changes. Reliance Retail plans to raise funds to open more stores across a variety of formats, focusing on expanding into consumer durables and apparel. It now operates over 1,300 stores across 18 states in India.
http://www.saharconsulting.com
What is #Marketing, Marketing Mix, and why care about it?
How to select customers to serve? What is #Branding & Positioning strategies? SWOT Analysis
What is your Vision/ Mission? Who is your audience? What is your Value Proposition - #USP? Elevator Pitch?
The document summarizes research conducted by Group 01 on prospective suppliers' distribution strategies and how an organization called think can leverage the insights. The research involved surveying 32 suppliers about their existing online channels and interest in a new portal. Key findings were that 72% of suppliers lacked an online portal and 70% were interested in one. Suppliers with a portal saw significantly lower debtor days. The document recommends think position itself as an industry leader and focus its marketing on reducing debtor days and invoices through its user-friendly portal.
Not a 100% complete, but interested getting response from others. Selling to the marketing organization is not easy and arguably getting harder. Do a lot of salespeople have the skills and panache required? Would this be helpful for your sales organization?
This is intended to be the backdrop for an all day workshop that has 4 interactive sessions.
Kotler 13e chap 4 - market research - catacutandocomomo
This document outlines the top 10 concepts for conducting marketing research and forecasting demand. It discusses why marketing research is important, who conducts it, and the steps in the marketing research process. These include defining the problem, developing a research plan, collecting information, analyzing it, and presenting findings. It also discusses how to ensure research quality and how the findings can be used, such as in marketing dashboards. The document then covers forecasting demand, including the types of demand and how to estimate current and future demand. The overall aim of marketing research and forecasting is to gain market insights, predict trends, and identify opportunities.
The document is a report from the Sales Excellence Survey 2017 conducted by Mercuri International. Some key points:
1) The survey received responses from 926 respondents across 20 countries and 13 industries, examining 53 key areas of sales excellence.
2) The top 10 drivers of sales excellence that showed the largest differences between top and bottom performing companies included having clearly defined sales strategies and processes, supporting sales teams through training and tools, and valuing the sales function within the organization.
3) When examining drivers by respondent position, the top 3 common drivers for CEOs, sales managers, and others were having defined training for sales processes and systematic account planning for customers. However, some drivers also varied by respondent role
FellowBuddy.com is an innovative platform that brings students together to share notes, exam papers, study guides, project reports and presentation for upcoming exams.
We connect Students who have an understanding of course material with Students who need help.
Benefits:-
# Students can catch up on notes they missed because of an absence.
# Underachievers can find peer developed notes that break down lecture and study material in a way that they can understand
# Students can earn better grades, save time and study effectively
Our Vision & Mission – Simplifying Students Life
Our Belief – “The great breakthrough in your life comes when you realize it, that you can learn anything you need to learn; to accomplish any goal that you have set for yourself. This means there are no limits on what you can be, have or do.”
Like Us - https://www.facebook.com/FellowBuddycom
This document provides a 4-step process for building an effective brand for a company:
1. Determine the target audience by defining demographics, consulting sales data, studying competitors, and talking to potential customers.
2. Position the product and business by researching competition and developing a unique selling proposition.
3. Define the company's personality through creative brainstorming and associating the brand with descriptive words and images.
4. Choose a logo and slogan that visually represent the brand and help customers remember the company. Developing a strong brand informs company culture and marketing.
Branding has become a key word in the successful business world today. The simple basis for the success of branding being consumer trust.
The consumer trusts a name brand for many reasons and whether that trust is based on fact is irrelevant to the short-term financial prowess of branding itself. And that is where a danger sign should arise.
Ready, Set, Present (Marketing PowerPoint Presentation Content): 100+ PowerPoint presentation content slides. People say, ”Nice to see you.” The response can be, “Nice to be seen.” This exemplifies marketing which in today’s world has never been so important for both large and small companies alike. Marketing PowerPoint Presentation Content slides include topics such as: Defining the elements of Marketing, developing key positioning statements and messages for your products and services, using a three-step process for market research, and understanding the benefits of Internet marketing. Learning about marketing models, strategy and programs including 7 slides covering branding, 10 slides describing steps to market research followed by 4 slides of effective marketing examples. Gain the necessary information on how to brand your business as well as ways to develop brand positioning. Further, this presentation includes 11 slides covering marketing plan, 4 slides about customer feedback followed by examples, plus 5 slides teaching how to name a product, company and service. In addition you will receive 40 slides covering marketing materials, internet marketing, search engine optimization, the future of marketing and much more.
This document discusses product strategy and new product development. It begins by defining what a product is and outlines the five levels of product potential: core, basic, expected, augmented, and potential. It then discusses elements of an effective product strategy, including defining the target market, product, value proposition, pricing, and distribution. The document emphasizes determining customer needs and problems to solve. It also discusses product mix and analyzing a company's ability to exploit opportunities in its industry or market. The goal of product strategy is to focus a company and guide new product releases.
This document outlines the key components of a marketing plan, including an analysis of the product's market and competitors, positioning of the product, messaging and targeting of consumer demographics, packaging and pricing details, a launch plan, and strategies for promotion, distribution, and measuring success. The plan describes the competitive landscape, strengths and weaknesses of competitors' products, and how the new product compares. It also provides high-level summaries of costs, budgets, distribution channels, vertical market opportunities, and goals for the first and additional years.
The document discusses marketing strategies for small businesses. It emphasizes identifying the target market through questions about customers, products/services, price, place, and time. A marketing strategy is developed using market research to craft a marketing mix tailored to the target market. Key aspects of the target market include size, demographic characteristics, and segmentation based on desirable traits. The marketing mix variables discussed are product, price, promotion, and place of distribution.
The document outlines key concepts in marketing including defining marketing as creating value for customers to build relationships and capture value in return. It discusses understanding customer needs and the marketplace, and how a customer-driven marketing strategy involves selecting target customers and a value proposition. It also covers trends changing marketing like the digital age, globalization, and focus on ethics and social responsibility.
Go grab yourself a cup of coffee, give yourself a talking and plan what you’re going to do to make the rest of the year and 2016 a great time for you and for your business.
Marketing is an inevitable part of doing both business and non-business. This is emphasized in this presentation. A different focus of this kind is expected to add more value for the enthusiast.
The document provides an overview of key concepts for marketing planning, including defining vision, goals, objectives, strategies, and tactics. It explains the differences between strategic and tactical planning and covers various analyses like SPENT, BCG matrix, GEC grid, Porter's generic strategies, and Ansoff matrix. The marketing planning process is outlined as analyzing the business, market situation, objectives, strategies, and effectiveness. The components of a marketing plan like executive summary, situation analysis, SWOT, objectives, strategies, implementation, and appendices are also described.
This document provides an overview and introduction to marketing planning. It discusses developing a marketing plan, which includes researching the current situation, understanding markets and customers, segmentation, targeting, and positioning. It also discusses developing marketing strategies and programs, and preparing to track progress and control the marketing plan. The document outlines some guiding principles for marketing planning such as emphasizing relationships, involving everyone, seeking alliances, and being innovative.
I gave this presentation on February 16, 2016, at the Decatur Morgan County Entrepreneurial Center. It covers market analysis competitive analysis, the importance of target markets, pricing strategies, and positioning in the marketplace.
Conducting Marketing Research and Forecasting Demand Show and Tell PPTMark Anthony
The document discusses conducting marketing research and forecasting demand. It outlines the 4 Ws and H of marketing research: what marketing research is, why it's conducted, how to conduct research, when to enter the market, and where to target customers. Marketing research involves systematic design, data collection, analysis, and reporting to provide insights. Demand forecasting estimates current and future demand to help companies set sales goals and understand market potential.
1. The marketing plan analyzes Subway's market situation in South Korea, including a SWOT analysis and competition assessment.
2. The marketing strategy aims to position Subway as the most environmentally friendly fast food chain. Target markets include Asia, specifically South Korea.
3. Key tactics include replacing single-use plastic with reusable dishes, providing incentives for reusable tumblers, and addressing high barriers to entering the Korean market.
CUSTOMERS SATISFACTION IN UTILITY SECTORS OF PUBLIC ENTERPRISES IN NEPALIAEME Publication
Background - Customer satisfaction is a measure of how products and services
supplied by a company meet or surpass customer expectations. The question is not how
satisfied customers are, but how emotionally attached they are to organization’s
products, services and brands.
Purpose – The purpose of this study is to examine the level of customer satisfaction
in public enterprises of Nepal
Methodology Used – Descriptive and analytical research designs have been used
for the study. Primary data have been collected through the questionnaires using
judgmental sampling from the three public enterprises of Nepal. Questionnaires have
been developed in five scales and mean, standard deviation and coefficient of variation
have been used as tools.
Reliance Retail is changing its market strategy in response to the evolving Indian retail sector. While it had traditionally focused on smaller stores, it is now expanding into larger "big-box" stores carrying a wide range of products. It is also hiring executives from global retailers like Walmart to help drive these strategic changes. Reliance Retail plans to raise funds to open more stores across a variety of formats, focusing on expanding into consumer durables and apparel. It now operates over 1,300 stores across 18 states in India.
http://www.saharconsulting.com
What is #Marketing, Marketing Mix, and why care about it?
How to select customers to serve? What is #Branding & Positioning strategies? SWOT Analysis
What is your Vision/ Mission? Who is your audience? What is your Value Proposition - #USP? Elevator Pitch?
The document summarizes research conducted by Group 01 on prospective suppliers' distribution strategies and how an organization called think can leverage the insights. The research involved surveying 32 suppliers about their existing online channels and interest in a new portal. Key findings were that 72% of suppliers lacked an online portal and 70% were interested in one. Suppliers with a portal saw significantly lower debtor days. The document recommends think position itself as an industry leader and focus its marketing on reducing debtor days and invoices through its user-friendly portal.
Not a 100% complete, but interested getting response from others. Selling to the marketing organization is not easy and arguably getting harder. Do a lot of salespeople have the skills and panache required? Would this be helpful for your sales organization?
This is intended to be the backdrop for an all day workshop that has 4 interactive sessions.
Kotler 13e chap 4 - market research - catacutandocomomo
This document outlines the top 10 concepts for conducting marketing research and forecasting demand. It discusses why marketing research is important, who conducts it, and the steps in the marketing research process. These include defining the problem, developing a research plan, collecting information, analyzing it, and presenting findings. It also discusses how to ensure research quality and how the findings can be used, such as in marketing dashboards. The document then covers forecasting demand, including the types of demand and how to estimate current and future demand. The overall aim of marketing research and forecasting is to gain market insights, predict trends, and identify opportunities.
The document is a report from the Sales Excellence Survey 2017 conducted by Mercuri International. Some key points:
1) The survey received responses from 926 respondents across 20 countries and 13 industries, examining 53 key areas of sales excellence.
2) The top 10 drivers of sales excellence that showed the largest differences between top and bottom performing companies included having clearly defined sales strategies and processes, supporting sales teams through training and tools, and valuing the sales function within the organization.
3) When examining drivers by respondent position, the top 3 common drivers for CEOs, sales managers, and others were having defined training for sales processes and systematic account planning for customers. However, some drivers also varied by respondent role
FellowBuddy.com is an innovative platform that brings students together to share notes, exam papers, study guides, project reports and presentation for upcoming exams.
We connect Students who have an understanding of course material with Students who need help.
Benefits:-
# Students can catch up on notes they missed because of an absence.
# Underachievers can find peer developed notes that break down lecture and study material in a way that they can understand
# Students can earn better grades, save time and study effectively
Our Vision & Mission – Simplifying Students Life
Our Belief – “The great breakthrough in your life comes when you realize it, that you can learn anything you need to learn; to accomplish any goal that you have set for yourself. This means there are no limits on what you can be, have or do.”
Like Us - https://www.facebook.com/FellowBuddycom
This document provides a 4-step process for building an effective brand for a company:
1. Determine the target audience by defining demographics, consulting sales data, studying competitors, and talking to potential customers.
2. Position the product and business by researching competition and developing a unique selling proposition.
3. Define the company's personality through creative brainstorming and associating the brand with descriptive words and images.
4. Choose a logo and slogan that visually represent the brand and help customers remember the company. Developing a strong brand informs company culture and marketing.
Branding has become a key word in the successful business world today. The simple basis for the success of branding being consumer trust.
The consumer trusts a name brand for many reasons and whether that trust is based on fact is irrelevant to the short-term financial prowess of branding itself. And that is where a danger sign should arise.
Small businesses are formed through several key steps. An entrepreneur first identifies a business opportunity and assesses its market feasibility. They then decide whether to start a new business, buy an existing one, or purchase a franchise. Administrative functions like developing marketing strategies, advertising, product promotion, distribution, purchasing, and operations management are also important. Overall, starting a small business requires identifying an opportunity, assessing its viability, and properly managing key business functions.
33 Tips, Secrets and idea's to help you create value for your business. Ultimately they will help you sell your business for the highest value possible.
Has your business growth slowed or plateaued? Are you wondering how to scale your business, but don't have a lot of time or money? There are many ways to expand a business but most involve substantial amounts of both time and money. But there is another way - three other ways, actually. Business and franchise consultant Robin La Pere shows you three ways to OPTM-ise your business - that is, expand using Other People's Time and Money. He discusses the advantages and disadvantages of each of the three ways.
This document discusses how to develop and evaluate a franchise system. It provides information on developing a franchise system by analyzing the current business and franchise goals. This includes a current business analysis, franchise development factors, and branding/marketing. It also discusses evaluating a franchise system by considering factors like the franchise system, franchisor, territory, industry, and asking questions about costs, agreements, and more. The document outlines designing a franchise system by evaluating elements like management competency, competitors, conflict management, economic impact, and more.
A low cost market entry strategy in which two or more firms represent one another's complementary (but non-competing) products in their respective markets.
Franchising originated from the French word meaning "for free" and is a marketing concept that involves a franchiser licensing trademarks and business methods to a franchisee in exchange for fees and sales percentages. There are different business models for franchising including manufacturer-retailer, manufacturer-wholesaler, wholesaler-retailer, and retailer-retailer relationships. The relationship between franchiser and franchisee is a legal one outlined in a franchise agreement. Modern franchising expanded in the 1930s-50s with restaurants and fast food chains. Prospective franchisees should carefully review the franchiser's documents and speak to existing franchisees to determine if a particular franchise is a good fit.
A deck with compilation of strategic do's & dont's from various sources aimed to instigate you to better your franchise model strategy - especially focussed on franchises for fashion brands #wolfSIGHT #wofSIGHTS www.wolfzhowl.com
My store will be selling sporting footwear for all ageslaine_attwood
The document discusses setting up a business selling sporting footwear for all ages. It considers different business structures like being a sole trader, limited company, franchise, or partnership. It outlines the advantages and disadvantages of each structure. It then discusses the owner's aims to expand the business, break even in the first year, raise awareness through local newspaper advertising, and improve customer satisfaction through feedback questionnaires. Primary market research results are presented showing preferences for different shoe brands and spending amounts. The target market segmentation is identified as men and women aged 14-40 with a middle-high income. Marketing strategies of leaflets, billboards, newspapers/magazines and television are proposed.
MKT 421 EDU Education Your Life / mkt421edu.comkopiko13a
FOR MORE CLASSES VISIT
www.mkt421edu.com
Purpose of Assignment
A well planned distribution channel system is a key component of the marketing mix that helps meet customer demands and achieve company goals. This assignment will analyze the role channels
Franchising involves allowing another business to use a company's successful business model, brand, and systems for a prescribed period in exchange for fees and royalties. There are three main types of franchises: business format franchises which provide an entire business model to franchisees like fast food restaurants; product franchises which allow retailers to sell a manufacturer's products; and manufacturing franchises which grant manufacturers the rights to produce and sell goods using a company's brand. Franchising provides benefits to both franchisors through rapid expansion with low capital investment, and franchisees through operating an established business with supported training and ongoing assistance.
The document discusses franchising opportunities in South Africa. It interviews Prithivan Pillay, Nedbank's national manager for new business development, about franchising. Some of the key points made are:
- Franchising remains a solid investment option despite economic uncertainty, with an 80% success rate compared to 20% for startups.
- Prospective franchisees should research the brand thoroughly, speak to existing franchisees, and ensure the business model is proven and supported by strong systems.
- It typically takes 3-6 months for a franchise to break even and around 3 years to see a return on investment. Franchisees need sufficient capital to support the business during this period.
- Great franchises provide
Brand fashion shop and Its Marketing Strategies in BangladeshNasif Chowdhury
The document discusses marketing strategies of branded fashion shops in Bangladesh. It outlines the methodology used which included interviews and surveys. Key findings include recommendations to create brand differentiation through exclusive segments, implement consumer research to understand needs, and focus target marketing towards specific groups. The conclusion states that leading fashion brands have been successful by prioritizing quality over other factors like variety and price. Their target market is those who value quality clothing.
The document is a lesson plan on business models that includes learning objectives, activities, and content on different types of business models. It begins with checking attendance and online class rules. The content defines business models, explains their importance, and identifies several types of traditional models including direct sales and franchising models. It provides details on these models, such as describing how direct sales and franchising work, their advantages, and different sub-types under each model. The lesson aims to help students understand, identify, compare and create different business models.
- The document discusses GoPro extending its line of compact video recording devices by introducing new products that continue promoting an image of adventure.
- Line extensions allow companies to take advantage of an established brand's recognition but must be carefully implemented to avoid diluting the brand's focus or differentiation.
- GoPro's brand identity is centered around adventure, which is echoed through new products, advertising, and vision. This consistency helps line extensions leverage the brand's reputation while staying relevant to customers.
1. HKR
Tshirt Store Company
Finding a franchise organization
Carole Barbet, Marion Franquin, Jean-Cédric Callies & Michele Baravelli
17/01/2011
International Marketing Project – January 2011
2. Carole Barbet, Marion Franquin, Jean-Cédric Callies & Michele Baravelli
1
The Index
I. Introduction p.2
a. General Introduction p.2
b. Background p.2
c. Purpose p.3
d. Our research questions p.3
II. The Theoretical Framework p.4
a. The Franchise definition p.4
b. The different types of Franchises p.5
1. Product Franchise p.5
2. Business Format Franchising p.6
3. Manufacturing Franchise p.6
c. Tshirt Store™ and its Franchises p.6
d. The summary p.8
III. The Research Method p.9
a. The type of study p.9
b. Collecting data p.9
IV. The Results and Analysis p.11
a. The Results p.11
b. The Analysis p.12
V. The Conclusion p.13
VI. The References p.16
a. Websites p.16
b. Lectures p.17
c. Others p.17
3. Carole Barbet, Marion Franquin, Jean-Cédric Callies & Michele Baravelli
2
I. Introduction
a. General introduction
According to the directives of our International Marketing course we have to
make a project with practical implementations.
Our assignment has for main goal to help a Swedish company of our choice
concerning a marketing related problem. After many hesitations and difficulties met to
find one, we finally decided to collaborate with Tshirt Store™.
b. Background
(The following information come from a Tshirt Store™ powerpoint that Ms. Johan Graffner has
given to us at the beginning of our study).
Tshirt Store™ is a Swedish company founded in 2006 with the opening of its
first shop in the center of Malmö. Tshirt store™ is a small firm directed by John
Graffner with only six employees. As a new company on the market, Tshirt Store™
grow up quickly and open a second store in Stockholm in 2007. The company,
showing success decided to produce itself its products in Turkey. 2008 is marked by
the opening of the first franchise store in Copenhagen and in Eskilstuna. One year
later, the company opened ten others franchise stores in Sweden and one in Hong-
Kong.
In 2010, around twelve news franchise stores opened in Norway, Russia and Spain.
Today TShirt Store™ plans to expand and define its new goals. The company wants to
create new stores in major cities of the European Union. TShirt Store™ aims to create
hundred new franchise stores by the end of 2014. Because of the competition, it is
very important for a small company like Tshirt Store™ that their marketing decisions
lead to a good development of the firm.
4. Carole Barbet, Marion Franquin, Jean-Cédric Callies & Michele Baravelli
3
c. Purpose
This project aims at helping Tshirt Store™ to find franchisees in Europe. The
company has the willing to expand its brand in the major cities of more than 100 000
inhabitants and in the international airports of the European Union.
Therefore, the purpose of this paper is to find organizations and partners that would
help Tshirt Store™ to find franchisees like for instance, websites where they could
advertise on it. We also are going to find out what are the prices of these kinds of
organizations. This research is part of the marketing strategy of the company to find a
future partner.
However, the director of Tshirt Store™, John Graffner, asked us to focus on the
United Kingdom as well as on Ireland, and then we will emphasis a little more on
these nations.
d. Our Research Questions
This project seek to answer to these following questions :
Which kind of organizations and partners will likely work with Tshirt
Store™ ?
What are the prices of these organizations ?
5. Carole Barbet, Marion Franquin, Jean-Cédric Callies & Michele Baravelli
4
II. Theoretical Framework
a. The Franchise definition
The franchise is a collaboration system between several firms which are financially
and legally independent.
These firms want to reach the goal of commercializing products or services within the same
sign.
In this system, there are mainly two characters : the franchiser (who gives the other a product,
concept, know-how or a service) and the franchisee (who sells the product, concept, know-
how or the service of the franchiser).
The franchiser makes available to the franchisee the right to exploit a company, a brand in
conformity with the concept that he has created at the beginning.
This method aims at improving the benefits, expending the company and being open to new
markets for the franchiser. In fact, it involves remuneration or an economic advantage for the
franchiser which is the owner of the brand and the know-how.
And for the Franchisee, it helps him to make more benefits by selling the products or services
of concepts already done and mostly trustful.
A franchise contract tends to be more in start-up situations and this contract might last 5 years
and might be renewable. (Global marketing, Svend Hollensen, Part III, p364, table 11.2).
Franchisers and Franchisees have both bonds to follow and to respect to make the
franchise work normally :
(http://www.franchise-magazine.com/guide/definitions-et-donnees-chiffrees-1.html, Jean-Pierre
Pamier, Franchise-Magazine.com, 2010/02/17)
-The franchiser has to make available and exploit a successful concept during a certain period
of time which would be reasonable.
-The franchiser has to be the owner of the brand, the logo and other distinctive signs that
might be sold. Moreover, he has to give the franchisee the right to use this brand, logo and
other distinctive signs.
6. Carole Barbet, Marion Franquin, Jean-Cédric Callies & Michele Baravelli
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-And finally, the franchiser has to have a real know-how, and has to give it to his franchisee
during the entire contract validity, including a commercial assistance.
-The franchisee has to give the franchiser remuneration, and in exchange, he obtains the use
of a brand, but still stays legally independent.
-Then, the most important bond to respect for a franchisee is not to disclose the know-how of
the franchiser.
b. The different types of Franchises
First of all, in a retail franchise, like TShirt Store™, the franchisee will generally
occupy retail premises and sell products. The business depends totally of the premises, with
sales coming from walk-in consumers.
Moreover, the franchise system can be set up as a direct or indirect system (Global
marketing, Svend Hollensen, Part III, p362, figure 11.3). In the direct system, the franchisor is
controlling and coordinating the activities of the franchisees directly. In the indirect system, a
master franchisee (subfranchisor) is appointed to establish and service its own subsystem of
franchisees within its territory. The advantages of the direct system include access to local
resources and knowledge, more adaptation. In another hand, the success of the indirect system
will be determined by the capabilities and commitment of the master franchisee.
To be able to understand how TShirt Store™ operates, it is important to have a deeper
knowledge about the different types of Franchises:
1. The Product Franchise (Global marketing, Svend Hollensen, Part III, p361)
Manufacturers use the product franchise to know how a retailer distributes their
products. The manufacturer grants a franchise the authority to distribute goods by the
manufacturer and allows the owner to use the name and the trademark owned by the
manufacturer. The franchisee must pay a fee or purchase a minimum inventory of stock in
7. Carole Barbet, Marion Franquin, Jean-Cédric Callies & Michele Baravelli
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return for these rights. We can give some well-known brands which operate by this way, like
Goodyear or Ford Motor Company.
2. Business Format Franchising (Global marketing, Svend Hollensen, Part III,
p361)
This is the most popular form of franchising. In this approach, a company provides a
franchisee with a proven method for operating a business using the name and trademark of the
company. The company will usually provide a significant amount of assistance to the business
owner in starting and managing the company. The franchisee pays a fee or royalty in return.
We can give some popular examples of business format franchises like McDonalds or Carvel
or even Tshirt Store™.
3. Manufacturing Franchise
These types of franchises provide an organization with the right to manufacture a
product and sell it to the public, using the franchisor’s name and trademark. This type of
franchise is found most often in the food and beverage industry, but can be applied to other
industries. We can give some popular examples as well, like Coca-Cola and Sealmaster.
c. Tshirt Store™ and its Franchises
Tshirt Store™ has a particular way of finding its potential franchisees. In fact, the
company trusts in its special, original and particular concept. The firm wants to sell its entire
concept, and uses it in the “Business format franchising” and the “Direct franchising model”
ways of collaborating.
And, as a matter of fact, the willing of being in good contact with the person who will open
the store is a very important thing. In other words, the firm tries to make sure that the
franchisee has well understood the purpose of their collaboration and has also learned
correctly its know-how. The atmosphere of the firm has to be transmitted to the franchisee
and of course to the client.
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Actually, this is for this reason that Tshirt Store™ prefers to franchise instead of licensing or
having a distributor. In a way, this is part of the concept that Tshirt Store™ wants to make
clear to potential collaborators.
Tshirt Store™ have some more requires about having new franchises.
Potential franchisees must also be present in cities where there is a strong interest for the
company to enter a new market, in fact, the city should be chosen with a population exceeding
100,000 inhabitants, because there is a big influence. The airports are also targeted because
thousands of people a day stopover, travel and try to entertain themselves during the waiting
times, and most of the time, shop.
Another important criterion for the company is the requirement of a minimum of £ 35,000
investment to a new opening of a concept store. In addition to this, the company will
accompany the franchisee with a train that will help him in the beginning with store planning
and development.
It seems like the hardest part is finding the potential franchisee because, the firm is
very young and needs a little bit of time to be more famous. As a consequence, to find
someone willing to invest was not that easy at the beginning, but it is getting each time easier
as Johan Graffner from the company told us.
Actually, they have different manners to find their future collaborators.
The firm is first trying to operate with the different contacts it has, which are numerously
increasing these last years because the firm is expending and is getting more and more famous
each day.
But, in fact, its initial idea is to visit stores during business trips and to get in touch with them
very directly by displaying its products and brand concept. This is the better way to get a
positive answer and a future collaboration.
And to prospect in Germany, in the United Kingdom and in Ireland, Tshirt Store™ has
decided to publish advertisements on websites’ franchise organizations. The company is now
working with the website www.franchisedirect.com.
These websites with big affluence will help to get well-known, mainly because persons who
want to become franchisees first try to find solutions on the internet and such websites.
9. Carole Barbet, Marion Franquin, Jean-Cédric Callies & Michele Baravelli
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In fact, the firm only has to post a little description of the firm and the expectations it requires
and wait for the franchisee to contact itself. This is a passive way to prospect and when results
come, we are almost sure that they would be positive.
Moreover, with this method, they could prospect on the hole Europe at the same time, it is
seen as a gain of time, partly because by reading the description, the future collaborator
already know what the company deals with and there is no need to introduce the concept
again.
d. The summary
To summarize our mission, we have to find franchise organizations on the internet on
which Tshirt Store™ could advertise to find franchisees in the United Kingdom and Ireland.
In fact the company is already working with such a website and wants to work with others to
become more influencing. Its criteria to find a franchisee are precise (being present in big
cities, collaborating with a business format franchising and a receiving minimum investment
of 35 000£ from the franchisee).
Which method are we going to use ?
What are going to be our results ? Are the organizations expensive ? Are they numerous and
have a good influence on the future franchisee that is searching for a franchisor ?
10. Carole Barbet, Marion Franquin, Jean-Cédric Callies & Michele Baravelli
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III. The Research Method
a. The type of study
We have chosen to do a franchise study for Tshirt Store Company. Our purpose with
this project was to do a prospection to find organizations, which can be able to receive offers
for franchising. Afterward, TShirt Store™ will be free to decide which kind of franchising
partner they would like to work with.
According to our purpose with this project, we decided to do a prospection through an
Internet research to find an organization working in Great Britain, our first criteria. Then, we
looked to the prices, one of the most important things for TShirt Store™ was to work in
important cities (more than 100 000 inhabitants) and we looked to the most visited websites,
which is very important to have an efficient result.
A prospection is the capacity to search potential customers or buyers and to change
them as real partners. This type of analysis will help the company to find franchises in
England, and that was our part of the TShirt Store™ project.
b. Collecting data
The first step of our prospection was to define the criteria of the research. As we said
in the previous part, we operated with specifics criteria given by TShirt Store™ in a first time.
Otherwise, we called our contact in the company which is Johan Graffner, in order to give us
more information about what they wanted from us to focus on. And the last possibility to get
our criteria was to go to their website.
According to this type of research, we got the specifics information’s we needed to do
the prospection. First of all, our research was focused on the localization, which was England
and Ireland, and especially concerning cities of more than 100 000 inhabitants. Then, we
looked to the number of visits everyday in the website of the organization, it was really
11. Carole Barbet, Marion Franquin, Jean-Cédric Callies & Michele Baravelli
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important to get an important organization to have an efficient result for the company. And
the last point was that the franchisee has to invest a minimum of 35 000 pounds.
Then, that was the part to think about the research specific words and key words for our
prospection. So, our research motor was Google Search, and we decided to focus on a few
key words, like “franchise organization”, “advertise franchisor”, “British franchise
organization” or “franchisee recruitment”. It was enough to start a research about any
organization open to receive Tshirt Store Company as a partner.
So, the reason we have chosen an Internet prospection was to collect our primary
data’s as soon as possible, because of the time limit with this project. Since our purpose was
to find a partnership for Tshirt Store to help them to implant their activity by franchising, an
Internet prospection made it easier for us to achieve that purpose. And the last reason was that
we couldn’t meet directly organizations in Great Britain and Ireland, it would have been too
expensive. That is why, this solution was the most adapted to get an efficient result. Then, we
had everything to begin our prospection for Tshirt Store™ and we’ll see in the next part what
we have found during this study and research.
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IV. Results and Analysis
a. The results
Our research and results obtained will aim to help Tshirt Store™ to find
websites franchise organizations, in order to advertise on it, and then find and recruit
the right franchisee that would fit perfectly with the company’s expectations. Tshirt
Store™ has a budget of 1000€ per month to recruit a franchisor on an advertisements
website, and spend already 100€ per month to advertise on Franchisedirect.com. That
would mean that the company would be able to advertise on several websites at the
same time, and this would allow a better penetration in the market.
For the firm, the first strategy to enter the market in the United Kingdom and in the
Ireland would be via internet, and by doing this research ourselves, the company will
certainly have a gain of time.
After a few weeks, we have found several organizations, sort them and
compare them to make the choice easier for Tshirt Store™. We will now present in a
table the four most important websites franchise organizations that we have found the
most interesting to advertise on it for the company. In fact, we have sorted the
organizations according to many criteria such as prices, the duration of the
advertisement, the number of visitors, and the countries involved by the organization.
Name of the websites
organizations
Prices
Duration
of the
advert
Number of
visitors
Countries
involved
http://www.startinbusiness.c
o.uk/sellfranchise/
57€ 4 weeks
Thousands
each day
UK
http://uk.businessesforsale.c
om
120€
(premium
version)
2 months
20 000
each day
World Wide
(can choose the
country)
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We have also found other franchise organizations that might be relevant.
Unfortunately, on these following websites, there was not enough information, so we
have decided to write them emails in order to ask some more explanations about
prices, visitors and the countries involved. However, we did not get any answer, but
we still think that it would be worth it to mention these franchise organizations.
- franchiseadvantage.com
- IFA franchise (International Franchise Association)
- BFA (British Franchise Association)
- EFF (European Franchise Federation)
In these organizations, the most relevant might be, for the British market, the
BFA (British Franchise Association). Nevertheless, we could not find on this website
the information we wanted to know but this association is the most famous in the
United Kingdom and in Ireland and we really think it is worth it to get in contact with
them to find more information. Companies such as McDonald, Burger king for
instance are already registered on this organization.
b. The Analysis
After comparing the different results and thinking about them, we deeply
believe that the website company which would fit the most to Tshirt Store™ would be
http://uk.businessesforsale.com/ . In fact, this firm has the best quality price ratio. It is
only 60€ per month for the premium version which allows things such as being well
positioned to be seen at the beginning of the franchisors lists. Moreover, this website
http://www.theukfranchisedi
rectory.net/
300€ 1 month
20 000
each
month
World Wide
http://www.the-franchise-
shop.com/
Low cost
company
1600 per
day
World Wide
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13
is affluent because there are more than 20 000 visitors each day, comparing from the
other sites where there are 20 000 visitors per month. The other advantage of this
website is that we can choose in which country you want to advertise the most.
The http://www.theukfranchisedirectory.net/ company seemed also attractive for
Tshirt Store™, but as we can see in the table results, its prices are much more
expensive than its competitors (and the number of visitors is only 20 000 per month).
Then, http://www.startinbusiness.co.uk/sellfranchise/ might also be taken into account
by Tshirt Store™ because it is not that expensive and the quality price ratio is not
negligible.
Concerning the low cost website, which is http://www.the-franchise-shop.com/, we
think that it could affect the company’s image to register to a low cost company. In
fact, the quality aspect of the brand would not be justified. We recommend Tshirt
Store™ not to concentrate on this organization too much. First of all because the
Tshirt Store company has a high budget to recruit franchisees, and products high
quality items.
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V. Conclusion
The advantages of franchising are improving the benefits, expanding the
company and penetrate new markets in host countries. Tshirt Store™ already
franchise in Scandinavia and wants to expand in the big cities of Europe. The strategy
of the firm is to internationalize and penetrate the market by recruiting franchisees on
websites franchise organizations.
Johan Graffner, the president of the company, has given us the mission to prospect
franchise organizations which are present in the United Kingdom and in Ireland. This
would help the firm to advertise and recruit franchisees according to many
expectations and criteria.
After collecting the results and analyzing them, we definitely suggest to Tshirt
Store™ to work with http://uk.businessesforsale.com/, and working with
http://www.startinbusiness.co.uk/sellfranchise/ might be a plus. That would represent
a budget of 217€ per month. Moreover, we let the company choose if it wants to work
or not with the BFA. As we can see, the budget fits perfectly with Tshirt Store™’s
expectations.
It was not in our mission, but still we have taken a look about what could also
help Tshirt Store to find franchisees in the United Kingdom and in Ireland. We think
that taking place in exhibition would be efficient, because the company uses to visit
directly the shops to convince them to collaborate. In fact, by doing this, Tshirt
Store™ would meet the franchisees face to face. We have several dates of exhibitions
where the firm might go :
- The British and International Franchise Exhibition– Olympia London – 18th
– 19th
march 2011
- The Scottish Franchise Exhibition – 19th
may 2011
- The British Franchise Exhibition – 10th
– 11th
june 2011
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15
During the realization of the study, we faced some difficulties. The most
important for us was finding a company that would like to collaborate with us. Tshirt
Store™ has answered very quickly, and we thank them for that.
At the beginning we did not really know how to make the link between the theory and
the practical part, but Johan Graffner was really helpful.
The main difficulty while finding the results was not to find the organizations
themselves but to find the information concerning the ladder.
It was the first time we did such a project, and we all feel rewarded by it.
17. Carole Barbet, Marion Franquin, Jean-Cédric Callies & Michele Baravelli
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VI. References
a. Websites
The different types of Franchises Businesses, written by Nazir Daud, published the
2008/05/08
http://ezinearticles.com/?Different-Types-of-Franchise-Businesses&id=1162651
Different types of Franchise Ownership, written by Don Daszkowski
http://franchises.about.com/od/buyingafranchise/tp/different-types-of-franchise-o.htm
Guide pratique de la Franchise / devenir franchisé, written by Jean-Pierre Pamier,
Franchise-Magazine.com, published the 2010/02/17
http://www.franchise-magazine.com/guide/definitions-et-donnees-chiffrees-1.html,
Tshirt Store™
http://www.tshirtstoreonline.com/us/
Franchiseinfo
http://www.franchiseinfo.co.uk/
The British Franchise Association
http://www.thebfa.org/
The European Franchise Federation
http://www.eff-franchise.com/
The International Franchise Association
http://www.franchise.org/
Franchiseadvantage.com
http://www.franchiseadvantage.com/
18. Carole Barbet, Marion Franquin, Jean-Cédric Callies & Michele Baravelli
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The UK Franchise
http://www.theukfranchisedirectory.net/
Définition de la franchise selon le code de déontologie européen de la franchise
http://www.franchise-selection.com/franchise/definition_franchise.htm
AC Franchise, La franchise ? définition de la franchise, inspired by the European code
http://www.ac-franchise.com/fr/cms-definition%2Bde%2Bla%2Bfranchise-
10_17_54.html
b. Lectures
Global Marketing, Svend Hollensen, Chapter 11, Part III, P.361
Global marketing, Svend Hollensen, Part III, p364, table 11.2
Global marketing, Svend Hollensen, Part III, p362, figure 11.3
c. Others
T-Shirt power point presentation, sent by Johan Graffner
Skype conferences with Johan Graffner