Franchising is an important means of entrepreneurship, particularly for small and medium enterprises. In the United States, franchising accounts for 10% of the private sector economy and 50% of retail sales, directly employing over 10 million people. In Europe, franchising also has significant economic impact, with over 8,860 franchise brands across 20 countries. In the UK specifically, franchising contributes over £10 billion annually to the economy through over 35,000 outlets employing over 370,000 workers. Franchising provides a way for small businesses to benefit from an established brand and operating system while maintaining independence.
This document discusses several topics related to franchising:
1. It explains what franchising is and how the business model works, including the two main types of franchise systems.
2. It describes the steps entrepreneurs can take to establish a franchise system, including selecting and developing effective franchisees.
3. It discusses the advantages and disadvantages of establishing a franchise system from the perspectives of both the franchisor and franchisee.
4. It outlines important considerations and steps involved for entrepreneurs interested in buying an existing franchise, including evaluating costs, finding the right franchise opportunity, and legal aspects of the franchise relationship.
Accessing Resources for Growth from External SourcesMuhammad Ali
This document discusses various mechanisms that entrepreneurs can use to help grow their business, including franchising, joint ventures, acquisitions, and mergers. It provides details on each option, including definitions, advantages and disadvantages, types of arrangements, factors for success, and considerations for entrepreneurs. Franchising is described as an arrangement where a franchisor provides exclusive rights and support to franchisees in exchange for fees and standardized operations. Joint ventures involve two or more companies forming a new company to pursue mutual objectives. Acquisitions refer to purchasing an entire existing company.
Franchising involves a franchisor licensing a franchisee to use their business model, brand, and systems. It has grown significantly since Singer Sewing Machines first used franchising in the mid-19th century. Franchising allows for rapid expansion, capital raising, and shared marketing while providing assistance to franchisees. The relationship is governed by a franchise agreement that specifies fees, territories, and obligations of both parties. It can benefit small businesses by leveraging a known brand but franchisees must balance franchisor restrictions with independent management abilities.
The document discusses different strategies for entering international business, including exporting, licensing, franchising, international alliances, and foreign direct investment. Exporting can be indirect, involving third parties, or direct, with the firm working directly with foreign customers. Licensing involves leasing intellectual property rights to another firm. Franchising is similar but gives the franchisor more control over the franchisee. International alliances include strategic alliances, joint ventures, and cooperative agreements between firms in different countries. Foreign direct investment involves directly investing and setting up operations abroad.
Secara sederhana, franchise dapat didefinisikan sebagai metode menstandarkan seluruh sistem kerja bisnis yang anda jalankan dan telah terbukti kualitasnya untuk kemudian bisa diduplikasi dan dijalankan oleh orang lain(pembeli franchise). Pembeli franchise-pun dapat menggunakan brand dan sistem kerja tadi berdasarkan kesepakatan yang telah disetujui bersama.
The document discusses franchising as a business concept and its potential for economic and entrepreneurial growth in Serbia. It provides definitions and perspectives on franchising from an economic, legal, franchisor and franchisee viewpoint. It outlines the basic concepts and forms of franchising, including product distribution and business format franchising. It then discusses the current state of franchising in Serbia, including some domestic and foreign franchise networks present, as well as how franchising can help reduce unemployment and allow small businesses to partner with larger chains. The document concludes by highlighting initial steps being taken to promote franchising in Serbia.
This document discusses various methods for companies to enter foreign markets, including indirect exporting, direct exporting, contract manufacturing, licensing, joint ventures, and wholly owned foreign operations. It provides details on the objectives, decision criteria, advantages, and disadvantages of each method. Overall, it aims to help companies choose the best entry method based on their goals, resources, and risk tolerance for international expansion.
This document discusses several topics related to franchising:
1. It explains what franchising is and how the business model works, including the two main types of franchise systems.
2. It describes the steps entrepreneurs can take to establish a franchise system, including selecting and developing effective franchisees.
3. It discusses the advantages and disadvantages of establishing a franchise system from the perspectives of both the franchisor and franchisee.
4. It outlines important considerations and steps involved for entrepreneurs interested in buying an existing franchise, including evaluating costs, finding the right franchise opportunity, and legal aspects of the franchise relationship.
Accessing Resources for Growth from External SourcesMuhammad Ali
This document discusses various mechanisms that entrepreneurs can use to help grow their business, including franchising, joint ventures, acquisitions, and mergers. It provides details on each option, including definitions, advantages and disadvantages, types of arrangements, factors for success, and considerations for entrepreneurs. Franchising is described as an arrangement where a franchisor provides exclusive rights and support to franchisees in exchange for fees and standardized operations. Joint ventures involve two or more companies forming a new company to pursue mutual objectives. Acquisitions refer to purchasing an entire existing company.
Franchising involves a franchisor licensing a franchisee to use their business model, brand, and systems. It has grown significantly since Singer Sewing Machines first used franchising in the mid-19th century. Franchising allows for rapid expansion, capital raising, and shared marketing while providing assistance to franchisees. The relationship is governed by a franchise agreement that specifies fees, territories, and obligations of both parties. It can benefit small businesses by leveraging a known brand but franchisees must balance franchisor restrictions with independent management abilities.
The document discusses different strategies for entering international business, including exporting, licensing, franchising, international alliances, and foreign direct investment. Exporting can be indirect, involving third parties, or direct, with the firm working directly with foreign customers. Licensing involves leasing intellectual property rights to another firm. Franchising is similar but gives the franchisor more control over the franchisee. International alliances include strategic alliances, joint ventures, and cooperative agreements between firms in different countries. Foreign direct investment involves directly investing and setting up operations abroad.
Secara sederhana, franchise dapat didefinisikan sebagai metode menstandarkan seluruh sistem kerja bisnis yang anda jalankan dan telah terbukti kualitasnya untuk kemudian bisa diduplikasi dan dijalankan oleh orang lain(pembeli franchise). Pembeli franchise-pun dapat menggunakan brand dan sistem kerja tadi berdasarkan kesepakatan yang telah disetujui bersama.
The document discusses franchising as a business concept and its potential for economic and entrepreneurial growth in Serbia. It provides definitions and perspectives on franchising from an economic, legal, franchisor and franchisee viewpoint. It outlines the basic concepts and forms of franchising, including product distribution and business format franchising. It then discusses the current state of franchising in Serbia, including some domestic and foreign franchise networks present, as well as how franchising can help reduce unemployment and allow small businesses to partner with larger chains. The document concludes by highlighting initial steps being taken to promote franchising in Serbia.
This document discusses various methods for companies to enter foreign markets, including indirect exporting, direct exporting, contract manufacturing, licensing, joint ventures, and wholly owned foreign operations. It provides details on the objectives, decision criteria, advantages, and disadvantages of each method. Overall, it aims to help companies choose the best entry method based on their goals, resources, and risk tolerance for international expansion.
Learning Objectives
To learn how firms gradually progress through an internationalization process.
To understand the strategic effects of internationalization.
To study the various modes of entering international markets.
To understand the role and functions of international intermediaries.
To learn about the opportunities and challenges of cooperative market development.
Learning Objectives
To learn how firms gradually progress through an internationalization process.
To understand the strategic effects of internationalization.
To study the various modes of entering international markets.
To understand the role and functions of international intermediaries.
To learn about the opportunities and challenges of cooperative market development.
The document discusses various internal and external strategies for firm growth, including new product development, international expansion, mergers and acquisitions, licensing, strategic alliances, joint ventures, and franchising. It describes the advantages and disadvantages of each strategy. For example, it notes that new product development is necessary for remaining competitive in fast-paced industries, but is also risky. It also provides details on the types of strategic alliances, joint ventures, franchise agreements and systems, and considerations for when franchising is most appropriate for growth.
This document summarizes a webcast presented by Grant Thornton LLP on the Volcker Rule. The webcast covered an overview of the Dodd-Frank Act and key provisions such as those regulating advisors to hedge funds and OTC derivatives. It discussed the Volcker Rule restrictions on proprietary trading and covered funds. Banking entities must implement a compliance program based on the size and complexity of their trading activities. The webcast concluded with questions and information on how to obtain a CPE certificate for participating.
This document discusses identifying and analyzing domestic and international opportunities for new ventures. It covers opportunity recognition, assessing the size and growth of markets, and factors affecting entrepreneurial performance abroad like culture, economics, and politics. The document also summarizes various strategies for entering foreign markets, including exporting, non-equity agreements, and direct investment through options like licensing, turnkey projects, management contracts, joint ventures, mergers and acquisitions. Barriers to international trade and implications for global entrepreneurs are also mentioned.
Franchising involves a franchisor licensing their brand and business model to franchisees. This allows franchisees to benefit from an established brand while the franchisor can expand more quickly. Franchisees gain support and training while franchisors receive royalty fees. Globalization enables multinational corporations to operate internationally using consistent branding and production. While this increases market share and profits, it can also be criticized for exploiting labor and resources across borders.
Globalization presents challenges and opportunities through technology and new markets. Competing locally requires strategic insight to differentiate from established competitors. Franchising is a successful tactic that allows prosperity and growth by employing a proven business model and brand while providing training and support. However, challenges in Bangladesh include a lack of franchise laws and regulations, risks of quality issues and reputation harm for franchisors when terms are violated, and bureaucratic hurdles. Chicken King has achieved success in Bangladesh through niche positioning as the first halal fast food franchise, low costs, family friendly environment, and unique flavors that blend Western and local tastes.
Market Entry Startegies of market ,How to improve your Brand awarenessgoluu3028
The document discusses various strategies for entering international markets, including exporting, importing, licensing, franchising, and foreign direct investment. It explains that successful international managers display commitment, activity, aggressiveness, and orientation. Firms consider proactive and reactive motivations for going abroad as well as the level of commitment, concerns, and use of intermediaries needed for internationalization. Strategies like licensing require less investment but also limited involvement, while full ownership allows more control but greater risk.
The document discusses various strategies that companies can use to enter and compete in foreign markets, including exporting, importing, licensing, franchising, foreign direct investment, strategic alliances, joint ventures, and consortia. It describes the reasons why companies expand internationally, factors that shape foreign market strategy choices, and how government policies and market conditions vary between countries.
There are three main types of business organization: private, voluntary, and state. Private businesses range in size from large corporations to small shops. They are the main drivers of economic change and job creation. Sole proprietorships are the most common form of private business, with one owner making quick decisions but taking on unlimited liability. Partnerships allow for shared skills and 24/7 operations but also slower decision-making and potential disputes between partners. Companies are owned by shareholders and have separate legal status, allowing for large capital investments but greater complexity.
Competition refers to the rivalry between firms for customers and profits in a market. It benefits companies through efficiency and consumers through lower prices and more choices. The Competition Act 2002 aims to promote fair competition in India and prevent practices that limit competition such as price fixing. It established the Competition Commission of India (CCI) to enforce the act through penalties, orders to stop anti-competitive behavior, and separation of dominant companies. The CCI works to ensure freedom of trade and protect consumers and competition in Indian markets.
A franchise is an agreement that allows a person (franchisee) to use a business's (franchisor) name, products, and operating methods. There are two main types of franchises: product distribution franchises focus on selling the franchisor's products, while business format franchises provide a complete business model. Franchise agreements can be for a single unit or allow multi-unit development. Franchises offer advantages like established brands, support systems, and increased success chances, but also disadvantages like ongoing fees, less independence, and shared brand reputation risks.
This document provides an introduction to franchising. It begins by defining a franchise as an agreement between a franchisor and franchisee that allows the franchisee to use the franchisor's trademark, operating methods and receive support in exchange for fees. It then outlines some common franchise terms and the main types of franchises. The document also discusses the alternatives to franchising such as distributorships and licensing. It provides an overview of the advantages and disadvantages of owning a franchise for franchisees. Finally, it briefly touches on some of the main legal issues in franchising such as the disclosure document and franchise agreement.
This document provides information about franchises and licenses. It begins by defining a franchise as buying someone else's complete business package, including equipment, materials, procedures, consulting rights, and a license to use the business' trademark. A franchise is based on a written agreement between the franchisor and franchisee.
The document then discusses the legal basis for franchising and licensing in Indonesia. It provides definitions and characteristics of franchises and licenses. Key differences are outlined, such as franchises focusing on providing services while licenses deal with products. Examples of major franchise and license companies operating in Indonesia, such as McDonald's and Domino's, are also mentioned.
The document discusses various strategies for entering foreign markets, including exporting, licensing, franchising, joint ventures, wholly owned subsidiaries, and foreign direct investment. It also covers topics related to international marketing such as product adaptation, export pricing, terms of payment, financing export activities, and managing foreign exchange risk.
This document provides an overview of different forms of business organization including sole proprietorships, partnerships, corporations, franchises, and mergers and acquisitions. It discusses the advantages and disadvantages of each form. Specifically, it notes that sole proprietorships provide maximum control but sole liability, while partnerships share liability but also profits. Corporations provide limited liability but are more complex and expensive to form. Franchises allow use of proven systems but with less control. Mergers and acquisitions can provide growth opportunities but also regulatory scrutiny. Overall, the document serves as an introduction to evaluating different organizational structures for businesses.
The document summarizes key aspects of the upcoming MiFID II and MiFIR regulations in the EU. It discusses the major changes the regulations will bring, including more pre-trade and post-trade transparency, restrictions on dark trading, controls on high frequency trading, and an expanded regulatory regime with higher fines. It also outlines the expected timetable for implementation and some of the structural changes firms may need to make, such as increased electronic trading, outsourcing, and changes to collateral management. Competent authorities will have broad new supervisory and sanctioning powers under the new regulations.
This document provides information about tuberculosis (TB) including how it spreads, the difference between TB infection and disease, testing procedures, and treatment options. It explains that TB is caused by airborne germs which spread through prolonged contact with an active case. Testing determines whether a person has been exposed but not infected, or infected but not yet sick. Those infected can be treated to prevent active disease, while active TB requires medication to cure it. Contact tracing helps identify others who may have been exposed for testing.
Malaria is caused by parasites transmitted via mosquito bites. While malaria was once widespread, concerted control efforts have led to its elimination in 99 countries. However, malaria remains endemic in many parts of the world, killing over 600,000 people annually. Ongoing challenges to elimination include drug and insecticide resistance, environmental changes, and sustaining funding and commitment. Continued research into new tools and strategies aims to drive transmission down to zero and achieve global eradication of this disease.
Learning Objectives
To learn how firms gradually progress through an internationalization process.
To understand the strategic effects of internationalization.
To study the various modes of entering international markets.
To understand the role and functions of international intermediaries.
To learn about the opportunities and challenges of cooperative market development.
Learning Objectives
To learn how firms gradually progress through an internationalization process.
To understand the strategic effects of internationalization.
To study the various modes of entering international markets.
To understand the role and functions of international intermediaries.
To learn about the opportunities and challenges of cooperative market development.
The document discusses various internal and external strategies for firm growth, including new product development, international expansion, mergers and acquisitions, licensing, strategic alliances, joint ventures, and franchising. It describes the advantages and disadvantages of each strategy. For example, it notes that new product development is necessary for remaining competitive in fast-paced industries, but is also risky. It also provides details on the types of strategic alliances, joint ventures, franchise agreements and systems, and considerations for when franchising is most appropriate for growth.
This document summarizes a webcast presented by Grant Thornton LLP on the Volcker Rule. The webcast covered an overview of the Dodd-Frank Act and key provisions such as those regulating advisors to hedge funds and OTC derivatives. It discussed the Volcker Rule restrictions on proprietary trading and covered funds. Banking entities must implement a compliance program based on the size and complexity of their trading activities. The webcast concluded with questions and information on how to obtain a CPE certificate for participating.
This document discusses identifying and analyzing domestic and international opportunities for new ventures. It covers opportunity recognition, assessing the size and growth of markets, and factors affecting entrepreneurial performance abroad like culture, economics, and politics. The document also summarizes various strategies for entering foreign markets, including exporting, non-equity agreements, and direct investment through options like licensing, turnkey projects, management contracts, joint ventures, mergers and acquisitions. Barriers to international trade and implications for global entrepreneurs are also mentioned.
Franchising involves a franchisor licensing their brand and business model to franchisees. This allows franchisees to benefit from an established brand while the franchisor can expand more quickly. Franchisees gain support and training while franchisors receive royalty fees. Globalization enables multinational corporations to operate internationally using consistent branding and production. While this increases market share and profits, it can also be criticized for exploiting labor and resources across borders.
Globalization presents challenges and opportunities through technology and new markets. Competing locally requires strategic insight to differentiate from established competitors. Franchising is a successful tactic that allows prosperity and growth by employing a proven business model and brand while providing training and support. However, challenges in Bangladesh include a lack of franchise laws and regulations, risks of quality issues and reputation harm for franchisors when terms are violated, and bureaucratic hurdles. Chicken King has achieved success in Bangladesh through niche positioning as the first halal fast food franchise, low costs, family friendly environment, and unique flavors that blend Western and local tastes.
Market Entry Startegies of market ,How to improve your Brand awarenessgoluu3028
The document discusses various strategies for entering international markets, including exporting, importing, licensing, franchising, and foreign direct investment. It explains that successful international managers display commitment, activity, aggressiveness, and orientation. Firms consider proactive and reactive motivations for going abroad as well as the level of commitment, concerns, and use of intermediaries needed for internationalization. Strategies like licensing require less investment but also limited involvement, while full ownership allows more control but greater risk.
The document discusses various strategies that companies can use to enter and compete in foreign markets, including exporting, importing, licensing, franchising, foreign direct investment, strategic alliances, joint ventures, and consortia. It describes the reasons why companies expand internationally, factors that shape foreign market strategy choices, and how government policies and market conditions vary between countries.
There are three main types of business organization: private, voluntary, and state. Private businesses range in size from large corporations to small shops. They are the main drivers of economic change and job creation. Sole proprietorships are the most common form of private business, with one owner making quick decisions but taking on unlimited liability. Partnerships allow for shared skills and 24/7 operations but also slower decision-making and potential disputes between partners. Companies are owned by shareholders and have separate legal status, allowing for large capital investments but greater complexity.
Competition refers to the rivalry between firms for customers and profits in a market. It benefits companies through efficiency and consumers through lower prices and more choices. The Competition Act 2002 aims to promote fair competition in India and prevent practices that limit competition such as price fixing. It established the Competition Commission of India (CCI) to enforce the act through penalties, orders to stop anti-competitive behavior, and separation of dominant companies. The CCI works to ensure freedom of trade and protect consumers and competition in Indian markets.
A franchise is an agreement that allows a person (franchisee) to use a business's (franchisor) name, products, and operating methods. There are two main types of franchises: product distribution franchises focus on selling the franchisor's products, while business format franchises provide a complete business model. Franchise agreements can be for a single unit or allow multi-unit development. Franchises offer advantages like established brands, support systems, and increased success chances, but also disadvantages like ongoing fees, less independence, and shared brand reputation risks.
This document provides an introduction to franchising. It begins by defining a franchise as an agreement between a franchisor and franchisee that allows the franchisee to use the franchisor's trademark, operating methods and receive support in exchange for fees. It then outlines some common franchise terms and the main types of franchises. The document also discusses the alternatives to franchising such as distributorships and licensing. It provides an overview of the advantages and disadvantages of owning a franchise for franchisees. Finally, it briefly touches on some of the main legal issues in franchising such as the disclosure document and franchise agreement.
This document provides information about franchises and licenses. It begins by defining a franchise as buying someone else's complete business package, including equipment, materials, procedures, consulting rights, and a license to use the business' trademark. A franchise is based on a written agreement between the franchisor and franchisee.
The document then discusses the legal basis for franchising and licensing in Indonesia. It provides definitions and characteristics of franchises and licenses. Key differences are outlined, such as franchises focusing on providing services while licenses deal with products. Examples of major franchise and license companies operating in Indonesia, such as McDonald's and Domino's, are also mentioned.
The document discusses various strategies for entering foreign markets, including exporting, licensing, franchising, joint ventures, wholly owned subsidiaries, and foreign direct investment. It also covers topics related to international marketing such as product adaptation, export pricing, terms of payment, financing export activities, and managing foreign exchange risk.
This document provides an overview of different forms of business organization including sole proprietorships, partnerships, corporations, franchises, and mergers and acquisitions. It discusses the advantages and disadvantages of each form. Specifically, it notes that sole proprietorships provide maximum control but sole liability, while partnerships share liability but also profits. Corporations provide limited liability but are more complex and expensive to form. Franchises allow use of proven systems but with less control. Mergers and acquisitions can provide growth opportunities but also regulatory scrutiny. Overall, the document serves as an introduction to evaluating different organizational structures for businesses.
The document summarizes key aspects of the upcoming MiFID II and MiFIR regulations in the EU. It discusses the major changes the regulations will bring, including more pre-trade and post-trade transparency, restrictions on dark trading, controls on high frequency trading, and an expanded regulatory regime with higher fines. It also outlines the expected timetable for implementation and some of the structural changes firms may need to make, such as increased electronic trading, outsourcing, and changes to collateral management. Competent authorities will have broad new supervisory and sanctioning powers under the new regulations.
This document provides information about tuberculosis (TB) including how it spreads, the difference between TB infection and disease, testing procedures, and treatment options. It explains that TB is caused by airborne germs which spread through prolonged contact with an active case. Testing determines whether a person has been exposed but not infected, or infected but not yet sick. Those infected can be treated to prevent active disease, while active TB requires medication to cure it. Contact tracing helps identify others who may have been exposed for testing.
Malaria is caused by parasites transmitted via mosquito bites. While malaria was once widespread, concerted control efforts have led to its elimination in 99 countries. However, malaria remains endemic in many parts of the world, killing over 600,000 people annually. Ongoing challenges to elimination include drug and insecticide resistance, environmental changes, and sustaining funding and commitment. Continued research into new tools and strategies aims to drive transmission down to zero and achieve global eradication of this disease.
This chapter discusses Total Quality Management (TQM). It defines TQM and explains its key concepts, including customer focus, continuous improvement, employee empowerment, and using quality tools. The chapter also covers the costs of quality, important quality leaders and their contributions, and tools for quality such as the Plan-Do-Study-Act cycle, seven quality control tools including flowcharts and control charts, quality function deployment, and reliability. It concludes by discussing quality awards like the Malcolm Baldrige Award, ISO standards, and reasons why TQM efforts may fail.
This document outlines the key concepts and learning objectives for a chapter on entrepreneurship, new ventures, and business ownership. It defines small business and discusses its importance to the economy. It also explains entrepreneurship, characteristics of entrepreneurs, and the process of starting a new business, including crafting a business plan and obtaining financing. Additionally, it covers different forms of business ownership like sole proprietorships, partnerships, corporations, and cooperatives as well as managing a corporation.
This document discusses small and medium enterprises (SMEs) and their access to finance in Bangladesh. It makes several key points:
1) SMEs account for over 90% of firms and a significant portion of GDP in developing countries like Bangladesh, but they often struggle to access adequate financing from banks due to issues like lack of collateral.
2) While various government and non-government initiatives have aimed to promote SME financing, studies continue to show SMEs have limited access to bank loans and face high rejection rates.
3) BRAC Bank emerged as one of the first banks in Bangladesh to specifically target the "missing middle" of small enterprises that were largely excluded from both microfinance and formal
1. The document discusses the need for Pakistan to develop a comprehensive SME policy and framework to support SME development led by the government.
2. It notes that while SMEDA has helped support SMEs, a single organization is not enough and a coherent policy across government institutions is needed.
3. The proposed SME policy would address issues like the business environment, access to finance, skills development, technology and marketing to help SMEs grow and create jobs.
1. The document discusses the launch of SME exchanges in India, which provide a platform for small and medium enterprises to list and raise funds.
2. It defines micro, small, and medium enterprises based on investment levels and outlines the growth and significance of MSMEs in India. However, MSMEs face challenges in raising debt and equity for expansion.
3. The SME exchange addresses this challenge by providing liberalized listing regulations and opportunities for firms to issue shares and raise capital from public investors. This enhances access to financing for small businesses.
BAFL-SMEDA_Challenging the Norms for Financial Inclusion.pptxFaisalRafique27
This document discusses Bank Alfalah's strategy and initiatives to support small and medium enterprises (SMEs) in Pakistan. It notes that SMEs are a major driver of Pakistan's economy but face challenges in accessing finance. Bank Alfalah has developed a long-term strategy to target SMEs by providing financial and non-financial programs. It offers a wide range of SME products and services, including value chain financing, advisory services through business managers, and an online toolkit. The bank aims to address SME needs more holistically and improve financial inclusion through these initiatives.
The document discusses small and medium sized enterprises (SMEs) and export consortia. It defines SMEs and explains their importance, noting they account for over 50% of employment globally. Export consortia are described as voluntary alliances of firms that work together to promote exports, helping SMEs overcome barriers to exporting like lack of knowledge, financing, and meeting quality standards. The benefits of export consortia include risk reduction through diversification, improved profitability by sharing costs, efficiency gains from pooling resources, and knowledge accumulation. The document outlines different types of export consortia based on services provided and sector/region. In conclusion, export consortia are presented as an important mechanism for SMEs in OIC countries to
This document provides an overview of performance management for HR practitioners. It discusses key topics like performance culture, roles, and processes. The performance management process involves setting objectives and evaluating employees on both objectives and elements. Objectives are rated based on results, while elements consider how work was performed. Ratings are determined by averaging objective and element scores. The document outlines the evaluation process and provides examples of evaluating and finalizing an employee's performance rating. Reconsideration options are also summarized.
Performance Management Program Overview and Process Options.pptxFaisalRafique27
The document provides an overview of the University's performance management program and process options. It discusses the program's evolution to include greater transparency, competency alignment, and an online platform. The performance management process involves goal setting and development planning, mid-year calibration, and year-end review. Employees and managers are provided with checklists to prepare for discussions and evaluating performance against goals and competencies. Two process options - a manual performance evaluation framework and an online Workday execution - are presented.
1. The document defines project management and describes key aspects like scope, time, cost, and risk management.
2. It provides examples of projects ranging from developing new products to political campaigns to construction projects.
3. Project scope management is discussed in detail, including work breakdown structures and change control processes.
This document provides an introduction to project management. It defines what constitutes a project, highlighting that projects have specific start and end dates, involve a series of tasks to achieve an objective, and use resources. It also defines project management as planning, organizing, directing and controlling activities, people and money to achieve a specific objective. The document outlines the typical project lifecycle of initiate, plan, deliver, review and close. It provides examples of tools that can help with project management.
This document provides an overview of project management. It discusses that project management involves using interdisciplinary teams to plan projects using tools like a work breakdown structure and schedule. It emphasizes delivering projects on time and on budget by establishing a project performance baseline and managing scope, schedule, budget, risks, changes and communication throughout the project life cycle from initiation through transition and closure. Regularly comparing planned to actual performance is important for active project management.
This document provides an overview of management engineering and project management. It discusses key concepts like defining problems, developing solution options, and planning, executing, monitoring, and closing projects. The four main objectives of projects are outlined as performance, scope, cost, and time. Cost is defined as a function of these three factors. The importance of people, management approach, and having a full project management system are also covered. Key steps and components of a project management system like methods, culture, organization, planning, information and control are defined.
This document discusses the project life cycle used at Naz University for IT projects. It begins with an overview of what constitutes a project and the project submission process. It then outlines the typical project management life cycle of initiate, plan, execute, monitor and control, and close. Each phase of the life cycle is described in more detail, highlighting key activities and documents used. Finally, it discusses the tools and resources used to manage projects at Naz, including Project.Net, ActiveCollab, projects.naz.edu, and Informer.
The document discusses how climate change is increasing mosquito-borne illnesses like malaria in coastal areas. Rising temperatures allow mosquitos to survive longer and transmit parasites more effectively. Models show malaria distribution expanding as temperatures rise by 2030. Preventive efforts like emissions reductions, improved sanitation, and medical access can curb further spread.
The document provides an overview of strategic management concepts including the canoe theory, vision, mission, values, goals, objectives, scanning the external environment, industry analysis, internal analysis, and the strategic management model. Key points covered include developing a vision and mission, analyzing the external PESTEL factors and industry forces, conducting a SWOT analysis of the internal environment, and formulating objectives to support the mission and goals of the organization.
Renal function tests are useful for estimating kidney function before medical procedures and in diseases affecting the kidneys like hypertension and diabetes. The kidney filters blood to form urine, circulating the total blood volume through the kidneys 300 times per day to produce about 1 liter of urine. Basic renal function tests measure blood urea nitrogen (BUN) and serum creatinine levels, which rise with kidney dysfunction. Estimated glomerular filtration rate (eGFR) is now commonly used instead of creatinine clearance to estimate kidney function based on serum creatinine levels along with age, sex, and other factors. A kidney biopsy examines tissue samples under light microscopy, direct immunofluorescence, and electron microscopy to identify signs of kidney disease.
Communicating effectively and consistently with students can help them feel at ease during their learning experience and provide the instructor with a communication trail to track the course's progress. This workshop will take you through constructing an engaging course container to facilitate effective communication.
Gender and Mental Health - Counselling and Family Therapy Applications and In...PsychoTech Services
A proprietary approach developed by bringing together the best of learning theories from Psychology, design principles from the world of visualization, and pedagogical methods from over a decade of training experience, that enables you to: Learn better, faster!
Chapter wise All Notes of First year Basic Civil Engineering.pptxDenish Jangid
Chapter wise All Notes of First year Basic Civil Engineering
Syllabus
Chapter-1
Introduction to objective, scope and outcome the subject
Chapter 2
Introduction: Scope and Specialization of Civil Engineering, Role of civil Engineer in Society, Impact of infrastructural development on economy of country.
Chapter 3
Surveying: Object Principles & Types of Surveying; Site Plans, Plans & Maps; Scales & Unit of different Measurements.
Linear Measurements: Instruments used. Linear Measurement by Tape, Ranging out Survey Lines and overcoming Obstructions; Measurements on sloping ground; Tape corrections, conventional symbols. Angular Measurements: Instruments used; Introduction to Compass Surveying, Bearings and Longitude & Latitude of a Line, Introduction to total station.
Levelling: Instrument used Object of levelling, Methods of levelling in brief, and Contour maps.
Chapter 4
Buildings: Selection of site for Buildings, Layout of Building Plan, Types of buildings, Plinth area, carpet area, floor space index, Introduction to building byelaws, concept of sun light & ventilation. Components of Buildings & their functions, Basic concept of R.C.C., Introduction to types of foundation
Chapter 5
Transportation: Introduction to Transportation Engineering; Traffic and Road Safety: Types and Characteristics of Various Modes of Transportation; Various Road Traffic Signs, Causes of Accidents and Road Safety Measures.
Chapter 6
Environmental Engineering: Environmental Pollution, Environmental Acts and Regulations, Functional Concepts of Ecology, Basics of Species, Biodiversity, Ecosystem, Hydrological Cycle; Chemical Cycles: Carbon, Nitrogen & Phosphorus; Energy Flow in Ecosystems.
Water Pollution: Water Quality standards, Introduction to Treatment & Disposal of Waste Water. Reuse and Saving of Water, Rain Water Harvesting. Solid Waste Management: Classification of Solid Waste, Collection, Transportation and Disposal of Solid. Recycling of Solid Waste: Energy Recovery, Sanitary Landfill, On-Site Sanitation. Air & Noise Pollution: Primary and Secondary air pollutants, Harmful effects of Air Pollution, Control of Air Pollution. . Noise Pollution Harmful Effects of noise pollution, control of noise pollution, Global warming & Climate Change, Ozone depletion, Greenhouse effect
Text Books:
1. Palancharmy, Basic Civil Engineering, McGraw Hill publishers.
2. Satheesh Gopi, Basic Civil Engineering, Pearson Publishers.
3. Ketki Rangwala Dalal, Essentials of Civil Engineering, Charotar Publishing House.
4. BCP, Surveying volume 1
Philippine Edukasyong Pantahanan at Pangkabuhayan (EPP) CurriculumMJDuyan
(𝐓𝐋𝐄 𝟏𝟎𝟎) (𝐋𝐞𝐬𝐬𝐨𝐧 𝟏)-𝐏𝐫𝐞𝐥𝐢𝐦𝐬
𝐃𝐢𝐬𝐜𝐮𝐬𝐬 𝐭𝐡𝐞 𝐄𝐏𝐏 𝐂𝐮𝐫𝐫𝐢𝐜𝐮𝐥𝐮𝐦 𝐢𝐧 𝐭𝐡𝐞 𝐏𝐡𝐢𝐥𝐢𝐩𝐩𝐢𝐧𝐞𝐬:
- Understand the goals and objectives of the Edukasyong Pantahanan at Pangkabuhayan (EPP) curriculum, recognizing its importance in fostering practical life skills and values among students. Students will also be able to identify the key components and subjects covered, such as agriculture, home economics, industrial arts, and information and communication technology.
𝐄𝐱𝐩𝐥𝐚𝐢𝐧 𝐭𝐡𝐞 𝐍𝐚𝐭𝐮𝐫𝐞 𝐚𝐧𝐝 𝐒𝐜𝐨𝐩𝐞 𝐨𝐟 𝐚𝐧 𝐄𝐧𝐭𝐫𝐞𝐩𝐫𝐞𝐧𝐞𝐮𝐫:
-Define entrepreneurship, distinguishing it from general business activities by emphasizing its focus on innovation, risk-taking, and value creation. Students will describe the characteristics and traits of successful entrepreneurs, including their roles and responsibilities, and discuss the broader economic and social impacts of entrepreneurial activities on both local and global scales.
বাংলাদেশের অর্থনৈতিক সমীক্ষা ২০২৪ [Bangladesh Economic Review 2024 Bangla.pdf] কম্পিউটার , ট্যাব ও স্মার্ট ফোন ভার্সন সহ সম্পূর্ণ বাংলা ই-বুক বা pdf বই " সুচিপত্র ...বুকমার্ক মেনু 🔖 ও হাইপার লিংক মেনু 📝👆 যুক্ত ..
আমাদের সবার জন্য খুব খুব গুরুত্বপূর্ণ একটি বই ..বিসিএস, ব্যাংক, ইউনিভার্সিটি ভর্তি ও যে কোন প্রতিযোগিতা মূলক পরীক্ষার জন্য এর খুব ইম্পরট্যান্ট একটি বিষয় ...তাছাড়া বাংলাদেশের সাম্প্রতিক যে কোন ডাটা বা তথ্য এই বইতে পাবেন ...
তাই একজন নাগরিক হিসাবে এই তথ্য গুলো আপনার জানা প্রয়োজন ...।
বিসিএস ও ব্যাংক এর লিখিত পরীক্ষা ...+এছাড়া মাধ্যমিক ও উচ্চমাধ্যমিকের স্টুডেন্টদের জন্য অনেক কাজে আসবে ...
How to Setup Warehouse & Location in Odoo 17 InventoryCeline George
In this slide, we'll explore how to set up warehouses and locations in Odoo 17 Inventory. This will help us manage our stock effectively, track inventory levels, and streamline warehouse operations.
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1. 1
Gurmeet S Jakhu, Partner
Hamilton Pratt Solicitors
Birmingham, United Kingdom
Topic 1:
An Introduction to Franchising and its
importance for Entrepreneurs and Small
and Medium – Sized Enterprises (SMEs)
2. 2
CONTENTS
1. An Introduction into Franchising
2. What constitutes a SME
3. Franchising as a means of
Entrepreneurial Activity
4. The Importance of the Franchising in
(headline figures):
• USA
• Europe & the Rest of the World
5. Case Study: the UK Market
3. 3
1. An Introduction into
Franchising
•What is a franchise?
•What are common franchise terms
•What are the alternatives to
franchising
•What are the advantages and
disadvantages of owning a franchise?
•What are the legal issues in
franchising?
4. 4
(a) What is a franchise?
A contract between two legally independent parties which gives (U.S
definition)
• a person or group of people (franchisee) the right to market a
product or service using the trademark or trade name (branding) of
another business (franchisor);
• The Fr’ee the right to market a product or service using the operating
methods of the Fr’sor (use of the System -‘know-how’);
• an obligation on Fr’ee to pay the Fr’sor fees for these rights (made
up of an initial fee and ongoing royalty/ management service charge:
(payment of royalty is based on levels of franchisee’s turnover and
not profit, hence incentive to achieve market penetration rather than
profit);
• the Fr’sor the obligation to provide rights and support to Fr’ees;
5. 5
What is a franchise? (contd)
• In the European Union (EFF Code) “Franchising
is a system of marketing goods and/or services
and/or technology, which is based upon a close
and ongoing collaboration between legally and
financially separate and independent
undertakings, the Franchisor and its Individual
Franchisees…..
• This definition has been adopted by the BFA (British Franchise
Associations).
6. 6
Common features:
• System of mkting goods &/or services
• A close and ongoing collaboration
• Fr’sor grants rights & imposes oblig on Fr’ee
• A financial consideration
• Commercial and technical assistance;
• Written franchise agreement.
7. 7
FRANCHISOR FRANCHISEE
Owns (or has the
right to use the)
trademark or
trade name
Uses trademark or
trade name
Uses the System
Exercises continuing
control
Provides support:
Expands business
with franchisor's
support
(sometimes) financing
advertising &marketing
Training
Receives fees Pays fees
FRANCHISE
8. 8
Types of Franchises
Two main types:
1. Product distribution franchises –licences TM & logo, Fr’ee not
provided with entire system for running business.
Product distribution
Eg: soft drink distributors, car dealers and gas/petrol stations
2. Business format – replicate business format. Most common
form of franchise –Fr’ee uses/replicates the complete method
to conduct the business.
Business format
Eg: fast food, retail, restaurants, business services and lodging
9. 9
Types of Franchise Arrangements
Two types of franchising arrangements:
1. Single – unit (direct unit) franchise
2. Multi-unit franchise:
» Area development
» Master franchise (sub-franchising)
10. 10
(b) Common Franchise Terms
• Business format franchise
• Franchise
• Franchise agreement
• Franchisee
• Franchising
• Franchisor
• Product distribution franchise
• Royalty
• Trademark
• Disclosure statement
• UFOC (USA)
11. 11
(c) Alternatives to Franchising
1. Distributorships
» Distributor purchases products in his own name
» Has no connection with Supplier/wholesaler
» Familiar with local markets
» May do business with more than one supplier/producer;
» May not receive contractual support, training from the
supplier/producer cf: Fr’ee
» Free operate business, save relating to stock levels,
turnover and advertising.
» More extensive control in franchising – Fr’ee pays an
initial fee and continuing fees
» Distributor – one off purchase for good. Profit element to
supplier is difference in manufacture/purchase costs and
that which he sells at
» Adv: lower initial investment costs;
12. 12
Alternatives to Franchising
2. Agency
• Agents do not purchase in their own name
• Contracts made either directly by supplier and customer or by
agent on behalf of the supplier
• Few restrictions on agent - relate to the agent’s powers to incur
liabilities
• Some Franchises contain an agency-principal relationship – eg:
parcels delivery franchises customers contracts with Fr’sor but
delivery collection by Fr’ees.
3. Licensing
» IP rights licensed to a manufacturer to enable manufacture to
produce/sell
» Pay for rights to use particular trademark
» Supervise the use of the license - limited
» Most FA contain a licence to use TM & Brand – however FA
more heavily regulated
13. 13
Alternatives to Franchising
4. Acquisition/Setting up a Subsidiary
Straight acquisition of an existing business or
establish a wholly owned subsidiary - provides
maximum control
5. Joint Venture
• 2 or more companies/firms agree establish a
common enterprise in which they intend to
participate jointly;
• Frequently international in nature
• Advantageous
14. 14
(d)Advantages and Disadvantages of
Owning a Franchise
Advantages:
• Independence
• Customer awareness
• Business success
• Quality and consistency
• Pre-Opening Support & Ongoing Support
Disadvantages
• Not complete independence
• Ongoing royalties
• Balance restrictions and support provided with their
ability to manage their business
• Term (duration of FA) is limited and terms of termination
15. 15
(e)Legal Issues of Franchising
Two main franchising legal documents
1. Disclosure Document, which in the US is
in the format known as the UFOC (not
used in the UK)
2. Franchise agreement – in the US both
Federal Rules and State Laws apply to
franchising
16. 16
UFOC – Uniform Franchise Offer Circular
• Provides information about franchisor, the franchise system and the
agreements.
• Includes other agreements the franchisee will be required to sign, along with
the franchisor’s financial statements.
• Enables, prospect can make an informed decision about investing in a
particular franchise.
• The UFOC also includes information about: The franchisor’s key staff;
Management’s experience in franchise management; Franchisor’s
bankruptcy and litigation history; Initial and ongoing fees involved in opening
and running the franchise; Other franchisees in the system with contact
information.
• Cooling-off period for franchisee (a number of days) before allowed to sign
17. 17
UFOC
• US Federal Trade Commission (FTC) published amendments effective from
July 1st 2007 and mandatory (with respect to new disclosures, standards and
prohibitions) after July 2008
• One effect to reduce costs of exploring US market especially for overeas
Fr’sors
• Now the rules offer exemptions for franchising investments of more than one
million dollars which means that in most American states, the FTC will no
longer apply to many forms of franchise market testing.
• No longer necessary to present UFOC to a prospect before first personal
meeting.
• In the past even before boarding a flight in the US, franchisors from the UK
needed to complete a UFOC, Franchise Agreement and all financial statements
prepared according to US County rules. This could easily cost £15,000.00 in
legal and accounting fees and only give franchisors chance to talk about a
prospective deal.
18. 18
2. What constitutes a Small or
Medium Enterprise
• Term ‘SME’ - not clear or uniform within individual countries
• Using the European Community definition (table on next slide)
• To qualify as SME need to satisfy criteria for the number of
employees and one of the two financial criteria, i.e. either the
turnover total or the balance sheet total.
• In addition, it must be independent (ie; not owned by another
enterprise)
• The thresholds for the turnover and the balance sheet total will be
adjusted regularly, to take account of changing economic
circumstances in Europe (normally every four years).
20. 20
What constitutes a Small or Medium Enterprise (contd.)
• SME’s are the lifeblood of most economies.
• 90% of enterprises are SME and account for 50-
60% of employment at a national level
(Lukenhorst (2004)*)
• SME’s support economic growth and livelihoods
in developing countries because they (inter
alia)*:
• More labour intensive production processes
• Provide opportunities
• Nurture entrepreneurship
• Are embedded within the communities
21. 21
What constitutes a Small or Medium Enterprise (contd.)
• Fr’sor a ‘larger’ business than the Fr’ee,
but not often meet description of large.
• In US & Europe most Fr’sors SMEs
• SMEs are various sizes & sophistication
22. 22
Small or Medium Enterprise & IP (contd)
• Recent Government policy focused on developing a
vibrant & dynamic SMEs sector, requires constant
creativity and innovation to adapt to changing market
conditions.
• Ability to use IP systems;
• SME’s must be aware of efficient use of IP systems;
• SMEs division of WIPO survey shows activity for
facilitating more effective use of IP by SMEs fall into
these main categories*:
• A. Awareness – raising and training on IP
• B. Technological information services
• C. Customised advisory services on IP
• D. Assistance for IP exploitation and technology transfer
(*see “Best Practices” section of WIPO www.wipo.int/sme/en/best/practices)
23. 23
3. Franchising as a means of
entrepreneurial activity
• Franchising developed most in USA
• International expansion to cope with market
saturation
• Growth rate accelerated, end of 1980’s approx
400 American business format Fr’sors operated
in about 37,000 foreign outlets
• If you consider the iconic US business format
franchise – the fast food/restaurant industry -
number of outlets ‘exported’ to other countries
rose from 2,169 establishments in 1974 to 8,485
in 1989 (Howarth International, 1991);
24. 24
Franchising as a means of entrepreneurial activity (contd.)
• Conditions favourable to the growth of franchising;
• Achieved
• Figures suggest, that 15% of US Franchised outlets
are now located in lesser developed countries
(International Franchise Research Centre Special
Studies Series Paper No:7- John Stanmore).
• Developing countries must decide whether ‘know-
how’ gained by the import of, mainly US, franchise
systems outweighs disadvantages resulting from the
displacement of existing local business and capital
outflows ( repatriated profits).
25. 25
Franchising as a means of entrepreneurial activity (contd)
• The advantages of global franchising to the Fr’sors may
be summarised as:
• Fewer financial resources, as Fr’ees incur majority
costs;
• Less susceptibility to political, economic and
cultural risk if ownership is local – property less
likely to be expropriated since Fr’ees are local
nationals;
• Fr’ees are more familiar with laws, language,
culture, business norms and practices of the
satellite country.
26. 26
Franchising as a means of entrepreneurial activity (contd)
• Risks of employing franchising as a vehicle to
international expansion, (Fr’sors viewpoint) are:
• Possible difficulties in repatriating royalties;
• Difficulties in protecting copyright and other IP
rights;
• Difficulty in policing quality standards;
• Local laws may create difficulties in terminating
contracts;
• Unfamiliar laws, regulations, languages and
business norm.
27. 27
Is the Business Franchisable?
Yes so long as it can be:
•Replicated, last as long as there are franchisees and
generates profit for franchisee.
•Pilot testing – if not, difficult to recruit!
•Most businesses are franchisable except:
–Creative businesses – require particular skill whether of an
artistic or creative nature which cannot be easily taught;
28. 28
Is the Business Franchisable?
–Technical business – in the majority of cases
short period of induction training provided.
McDonalds have an extensive training over a long
period is the exception to the rule.
–Low Margin Businesses – there has to be
sufficient margins for both to make a profit
–Fashion product/services – a concept or idea
which will last the original term and 2 renewals
–No advantage in doing so
29. 29
4. The Importance of the
Franchising in (headline figures)
• Reference to BFA, IFA and EFF reports.
• EFF reports (European Franchise
Federation)
• In the USA, franchising accounts for:
– 10% of the private sector economy and
– 50% (approx) of retail sales;
– Directly employs 10 million people and
– Indirectly employs 13.7 % of the private sector
workforce
30. 30
Europe and RoW Analysis (also see handout)
Franchise brands No of brands Turnover Employment
COUNTRY Total Total franchised
company-
owned currency Total franchised
company-
owned Total
Austria (2004) 390 6,900 EURO 4.5 90,000
Belgium (2004) 100 3,500 USD 2.8 30,000
Czech Rep.(2005) 90 300
Denmark (2005) 128 USD 0.07 22,316
Finland (2005) 177 3,666 EURO 4.88 46,000
France (2006) 1037 43,680 EURO 45
Germany (2006) 900 51,100 EURO 37.7 429,000
Great Britain (2006) 800 35,000 USD 21.7 340,000
Greece (2005) 430 6,540
Hungary (2005) 300 20,000
Italy (2005) 735 54,893 46,337 8,556 EURO 18.2 120,340
Netherlands (2006) 498 21,400 EURO 21.9
31. 31
Franchise
brands
No
Total
Of
franchised
Outlets
Comp ow Turnover Total Franchised Comp owned Employment
Poland (2005) 210 13,500 EURO 1.1
Portugal (2005) 489 8,500 USD 3.4 53,000
Russia (2006) 195 2,800
Slovenia (2006) 141 3,246 1,531 1,715
Spain (2006) 960 63,584 EURO na
Sweden 2005) 300 9,600 EURO 8.42 1.9 4.5 67,000
Switzerland (2005) 180
Turkey 800 USD 25
TOTAL EUROPE (20) 8860
34. 34
5. The UK – A Case Study
• Headlines (source 2007 BFA/Natwest Survey):
• Over the past 10 years the number of active franchise
systems has increased from 541 to 781 an overall growth of
44%;
• 800 brands, 35,000 outlets
• Average business unit turnover has reached £323,00, up a
further 4.9% on last years growth
• The franchising industry as a whole contributes £10.8 billion
of revenue to the UK Economy
35. 35
The UK – A Case Study
• Employment:
» 29.03 million people are employed in the UK
» Franchising accounts for 371,6000 workers (up 6,800 on
2005);
• Over the last 10 years revenue per head within franchising
has improved by 20% compared to the UK economy which
has seen a 16% rise.
• Vast numbers of Fr’sors now use internet to recruit new
franchisors
• Almost all Fr’sors charge a franchise fee at start up (93%)
with initial start up costs averaging about £37,400.
36. 36
UK a Case Study (contd)
• In addition 77% charge a recurring management services fees,
averaging 7.5% of sales (although this varies across the different
industry sectors)
• The vast majority of Fr’ees (93%) say that their business is
profitable
• 19% of FBUnits report annual turnover of less £50k; 53% between
£50k - £249k; 22% over £500k and 6% over £1 million.
• Reasons for continued growth in the UK Business Format Franchise
Systems are attributable to:
– Continued interest in the UK market from overseas Fr’sors
– The combination of a strong UK economy and established franchise
market makes UK an attractive region for international business;
37. 37
UK a Case Study (contd)
•In the UK there were 211 franchise systems with an
international presence
•Hotel and Catering are the lead sector for international
operations
•Europe appears to be the favoured destination for Fr’sors –
27% claim to operate units on the continent
•Most Fr’sors (43%) reported that they wanted to expand
internationally.
•The most common method of expansion being granting a
master licence (63%); but others wanted to operate directly
from the UK.
38. 38
UK a Case Study (contd)
• 54% of the franchise systems required
premises to operate business leaving 43%
who operate remotely or from home
• Where specific premises are required,
28% of Franchisors act as Landlords.
39. 39
UK a Case Study (contd)
Franchising Structure
• The BFA/Natwest Survey found that
Property Services was the largest of the
franchised systems (see next slide)
40. 40
UK a Case Study (contd)
2005 2006 %change
Hotel & Catering 108 109 -1%
Store retailing 97 101 4%
Personal Services 144 153 6%
Property Services 182 189 4%
Transport & Vehicle 66 70 6%
Business &
Commercial Services
158 157 -1%
41. 41
In Conclusion
• Franchising -a form of business expansion
• SMEs play an integral role all economies
– 90% of enterprises are SMEs and account for 50-60%
of employment
• The Franchising Industry accounts for
– 13.7% (indirectly) of employment in the private sector
in the US and
– UK contributes to about £10.5 billion to UK Plc
• Clearly franchising is integral to all economies
and is here to stay!
42. 42
Bibliography
In addition to those referenced throughout;
• Intellectual Property (IP) Rights and Innovation in Small and
Medium-Sized Enterprises;
• Lukenhorst W. (2004) ‘Corporate Social Responsibility and
Development Agenda’ Intereconomics, May.June.
• Franchising Law & Practice – John Pratt of Hamilton Pratt, England
• Franchising as a source of Technology-Transfer to Developing
Economies Special Study Series No 7 (Professor John Stanmore, S
Price, C Porter, Tony Swabe & Dr M Gold);
• IFA Educational Foundation: An Introduction to Franchising.
• SME and Corporate Social Responsibility: A discussion paper June
2005 (Tom Fox of IIED)
• 2007 BFA/Natwest Franchise Survey