Franchising And Imperfect Information
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Franchising And Imperfect Information
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Author : Torsten Schmidt
language : en
Publisher:
Release Date : 1990
Franchising And Imperfect Information written by Torsten Schmidt and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1990 with Franchises (Retail trade) categories.
Economics And Management Of Networks
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Author : Gérard Cliquet
language : en
Publisher: Springer Science & Business Media
Release Date : 2007-03-20
Economics And Management Of Networks written by Gérard Cliquet and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-03-20 with Business & Economics categories.
Previous research on the institutional structure of franchising networks (Bri- ley et al. 1991; Lutz 1995; Shane 1998; Lafontaine and Shaw 1999, 2005; - fuso 2002; Penard et al. 2003a,b) does not explain the governance structure of the franchising firm as an institutional entity that consists of two interrelated parts: Residual decision rights and ownership rights. The latter includes not only residual income rights of franchised outlets but also residual income rights of franchisor-owned outlets. Previous studies primarily examines the incentive, signalling and screening effects of fees, royalties and other contractual pro- sions from the point of view of organizational economics (see Dnes 1996 for a review) without taking into account the interactions between residual decision and residual income rights as interrelated parts of the governance structure. This paper fills this gap in the literature. According to the property rights view, de- sion rights should be allocated according to the distribution of intangible kno- edge assets between the franchisor and franchisee and ownership rights should be assigned according to the residual decision rights. Since ownership rights are diluted in franchising networks, the dilution of residual income rights of fr- chised outlets is compensated by residual income rights of company-owned o- lets. Under a dual ownership structure, company-owned outlets compensate the disincentive effect of low royalties for the franchisor, and low royalties strengthen the investment incentives for the franchisee.
Franchise Management For Dummies
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Author : Michael H. Seid
language : en
Publisher: John Wiley & Sons
Release Date : 2017-04-24
Franchise Management For Dummies written by Michael H. Seid and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-04-24 with Business & Economics categories.
Learn what it takes to find, buy, and run a franchise — and enjoy the rewards of being your own boss If you’ve ever visited a chain restaurant and thought, “I’d like to run one of these,” you’re among countless would-be entrepreneurs eager to be their own boss. Franchise Management For Dummies is a hands-on guide that provides clear and concise information on the issues involved in finding, buying, operating, and ultimately growing a successful franchise business. Geared toward both novices and experts in franchising, it’s an essential guide to help prospective franchisees know what to look for in a great franchisor, and to show existing franchisees what great franchisors are providing their franchisees. Both emerging and experienced franchisors will gain an understanding about the proper methods of structuring, managing, and expanding their franchise systems. Social impact investors, donors, and NGOs can learn how franchising techniques can transform how they look at providing products and services at the base of the pyramid. Inside you’ll discover: How to find a franchise that’s right for you and the ideal location for it Where to find quality franchisors and understand the qualities franchisors look for How to gather information from franchisees A franchisor’s mandatory legal obligations to prospective franchisees, the franchise disclosure document (FDD), and working with franchise professionals How to take a realistic look at your finances and what capital you’ll need to buy and launch a franchise Develop strategic advertising and marketing plans How to find, hire, and train talented employees who will help make your franchise a success How to make sure your franchise makes money How to grow your business with multiple franchises And more! Additionally, Franchise Management For Dummies includes a glossary of common franchise-related terms, ten keys to franchisee success, and the questions to ask before becoming a franchisor. Get a copy today and find out if owning and operating a franchise is the right business move for you.
Antitrust Law Journal
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Author :
language : en
Publisher:
Release Date : 1975
Antitrust Law Journal written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1975 with Energy policy categories.
Franchising
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Author : Patrick J. Kaufmann
language : en
Publisher: Psychology Press
Release Date : 1995
Franchising written by Patrick J. Kaufmann and has been published by Psychology Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with Business & Economics categories.
This book presents a range of chapters dealing with current issues of interest to franchising researchers and practitioners. From authors who have been especially active in the area of franchising research, the chapters represent contributions from the Society of Franchising, the only international special interest research group totally devoted to franchise research. The chapters reflect a balance of structural and behavioral issues relevant to franchising. They span the spectrum from technical, methodological subjects to highly applied, practitioner-oriented chapters, giving a sense of breadth to the subject matter. Franchising researchers and practitioners and marketing academicians can begin to incorporate this volume’s information on: problem of quality data on franchising-related matters territorial encroachment and the potential for cannibalization and conflict master franchising and system growth multi-unit franchising and system performance advertising fees issues linkages between franchisor-franchisee relationship quality and service quality franchising as a unique form of organizational governance setting measurement of franchise relationship quality and exchange norms franchisees’role expectations as entrepreneurs and managers competition issues concerning franchisees, company units, and independent businesses All involved in the franchising industry would do well to peruse this timely collection which explores all facets of the current state of franchising growth and distribution.
Franchising
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Author : Carrie Shook
language : en
Publisher:
Release Date : 1993
Franchising written by Carrie Shook and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with Franchises (Retail trade) categories.
"More than 540,000 franchised businesses dot the American landscape, ringing up total sales of $758 billion - which equals almost one-third of the nation's retail market." "No doubt about it, franchising is already big business and it's getting bigger every year. (A franchised business opens up every 17 minutes!)" "In this fascinating and thoroughly researched book, Robert and Carrie Shook - two experienced business writers - take you inside the franchising industry to show you how ten of the best-managed franchisors operate and the exact steps to take and to avoid if you're thinking of buying a franchise." "The ten enormously successful franchises they examine include fast-food businesses such as McDonald's, Pizza Hut, and Dunkin' Donuts... service providers like H&R Block, Century 21 Real Estate, Duskin Corp., and ServiceMaster... as well as Midas Mufflers and the 7-Eleven convenience stores. Each franchise is looked at in great depth, making you privy to information rarely divulged to those outside the franchising industry or even to most franchisee-owners." "Among other things, you'll discover what goes on inside the executive suites of these franchise operations... how key decisions are made and the business lessons that can be learned from their blunders; the sort of relationship that exists between each franchisor and its franchisees... training, services, and financing provided; fees and expenses to expect; how well a franchisor communicates with, and how extensively and strongly it supports, unit owners; candid comments from a wide cross-section of franchisees about what it's really like to own and run a particular franchise... how much money you can make, the amount of time you have to put in, the day-to-day problems you face, and anything else you'd ever want to know." "In short, you'll see "from the inside" what it takes to successfully operate various kinds of franchises; if you have the temperament and skills to succeed; and how to avoid every pitfall from inadequate policy manuals to needless restrictions or controls."--BOOK JACKET.Title Summary field provided by Blackwell North America, Inc. All Rights Reserved
Franchising And Rural Economic Development
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Author : Thomas C. Dandridge
language : en
Publisher:
Release Date : 1993
Franchising And Rural Economic Development written by Thomas C. Dandridge and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with Entrepreneurship categories.
Franchisees As Consumers
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Author : Jenny Buchan
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-11-07
Franchisees As Consumers written by Jenny Buchan and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-11-07 with Business & Economics categories.
Franchising is an increasingly important global business model, but how well protected are franchisees –the people who operate and make any franchise system really work? In this book, the author explores the many different roles that franchisees play in modern business, and their importance to the success of every franchise arrangement. As well as providing a comprehensive overview and analysis of the legal context of modern franchising relationships, and the different measures taken to deal with franchisee concerns, the author examines the “weak links” in contemporary franchising – the areas where franchisees are rarely appropriately protected. Despite all the rhetoric, franchisees remain awkwardly accommodated within the law, and they are in need of attention through improved consumer protection, corporate governance, and business insolvency/bankruptcy laws. Franchisees As Consumers examines why franchisees remain more vulnerable under the law than employees and suppliers, and what can be done about it.
The Economics Of Franchising
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Author : Roger D. Blair
language : en
Publisher:
Release Date : 2009
The Economics Of Franchising written by Roger D. Blair and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with categories.
Franchising combines the comparative advantagesof a business chain's brand recognition and economies of scale with the localdrive and knowledge of the franchisee. This book describes how and whyfranchising works and examines the economic tensions that bring conflict to thefranchisor and franchisees. Drawing on economic literature of the past twentyyears or more, it focuses on the different needs and goals of the franchisorand franchisee. There are two main sources of conflict: (1) some franchises arenot suited for the uniformity entailed by being part of a chain; and (2) lackof alignment between the needs of the franchisor and franchisee. After the introductory chapter, chapter 2 examines myths regarding theextent of growth, financial security afforded by franchising, size offranchised chains, and extent of single-unit franchisee ownership. Chapter 3discusses the financial components of contracts: royalty rates, franchise fees,and advertising fees. Chapter 4 examines franchising as a contractualalternative to vertical integration for franchisors. Franchisors typically mixfranchised and company-owned (vertically integrated) outlets. A set of verticalconstraints that can replicate vertical integration are examined. Argumentsused to explain variation in the terms of franchise contracts are examined, andit is shown how they can explain why franchisors use different levels ofvertical integration. Remaining chapters examine economic motives for areas of conflict betweenfranchisors and franchisees; relevant court cases and legislation are examined.Chapter 5 examines quality control and quality decisions; chapter 6 discussespurchase requirements; chapter 7 explores pricing decisions and priceconstraints; chapter 8 considers outlet location decisions and encroachmentproblems; chapter 9 focuses on conflicts of interest arising from advertisingand promotions; and chapter 10 examines terminations, renewals, and transfersof franchised units. In conclusion, chapter 11 emphasizes that franchising is a well-establishedorganizational form that has proven efficient, especially for the fast-food,hotel, and motel industries. (TNM).
Franchising In Australia
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Author : Garry Williamson
language : en
Publisher:
Release Date : 2006
Franchising In Australia written by Garry Williamson and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Franchises (Retail trade) categories.
Whether you are thinking of buying a franchise or franchising your existing business, or simply want to learn more about the facts of franchising, this book will really open your eyes and mind. Garry's fresh and candid writing style peppered with lots of case histories will give you all the facts on: how franchising works; who is franchising in Australia today; how to pick professional franchisors; how to franchise your business; what to do if you're an unhappy franchisee; why the culture of franchising is so critical to a long term franchisor/franchisee relationship. Author Gary Williamson is a specialist franchise consultant with 29 years 'hands on experience' and has helped thousands of people to review their franchise options.