Franchising Agreements: The franchisee is licensed to use both the trademark and the operating system according to the terms and conditions mentioned in the franchise agreement. Both the franchisor and franchisee must fulfill their obligations under the contract. Before granting franchisee the right to use the name,logo and run the business, franchisee and also the franchisor must reach some requirements. It is same for Aarong. Aarong also has to consider the fact seriously. Before it starts signing
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Easy Internetcafe Franchise Questions: 1. Steps for opening each franchise are as follows: Step A: contract is signed with franchisee Step B: Cafe location is selected either by the franchisee or with Elc assistance. Step C: Broadband internet connection must be established. Each country steps to establishing a connection is different. For example one country might have a long lead time with a requirement of a certain labour union to install compared to countries where the franchisee can install
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monitors his point of sales, therefore monitoring inventory in real time. He may also want to review his logistic network. 3.) If Nelson would like to grow his business faster, get his brand out to other demographic areas where is product would sell and minimize his risk and investment but maximize his opportunity for success he should franchise. Nelson should also be willing to keep an open and collaborative relationship with the franchisee, to help assist in training and better working relationships
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issues in Cheung’s development strategy: 1. How does Koyo enter to the Chinese market? 2. How to balance Cheung’s own satisfaction and the profit of the company? Cheung considered to concern more on the Chinese market. He could choose either to franchise or to own its proprietaries directly. Franchising helps to access to the market easily. More information and know-how can be acquired to solve the problems. Direct investment requires more capital and contains more risks but the company can obtain
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Subway Franchise Course Instructor’s Name 11 August 2012 Subway Franchise The franchise concept has several advantages for both the franchisor and the franchisee. For the franchisor, offering a franchise arrangement means an easy access to capital formation brought about by the investments of franchisees (Om Sai Ram Center for Financial Management Research, 2006). Furthermore, it provides incremental income for the franchisor through royalty payments. Another advantage
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Quality is important to the employees of a Fortune 500 leisure furniture manufacturer and retailer. Franchise owners are required to operate their stores with a focus on high quality, knowing that their license may be revoked if the corporation judges their quality to be inadequate. Franchise owners recognize that commitment to quality begins with management and filters down to all areas of the business. Managers believe that if they cut corners, their employees are likely to do the same. They emphasize
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Small Business Management Joseph Lofoco Strayer University Professor Willie Robinson October 31, 2010 Abstract In this paper I will answer the following questions about My Friend’s Bookstore Plan: 1. Describe what would happen to the cash position and cash flow of My Friends’ Bookstore if the owners decided to open another store.
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Ralph’s Ribs 5 Business Process Standardization 6 Recommended Process Standardization 6 Comparison of Operating Model 6 Core Business Applications 7 Proposal for an Enterprise Architecture 11 IT Capability 12 Business Strategic Objectives 12 Funding Priorities 13 Key Management Capability 13 Business Core Applications 13 Key IT Governance Issues 14 Legal Implications 14 Summary of Ralph’s Ribs Architectural Stage 14 Proposed Enterprise Architecture 15 Changes in Business Process 15
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Deciding which way to start up a business is often a very difficult decision. The pros and cons of each choice must be considered before a decision can be made. First, Betty must decide whether to operate her new business as part of a franchise or not. She has already had offers from franchises that offered to provide her and her staff with any training needed. Other potential benefits from operating as a franchise include a proven recipe for success and access to financing if needed (Wilmington
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prices, health concerns, and intense competition. Pizza Hut has received significant competition from Domino's Pizza (DPZ) and Papa John's over the last few years and they have been keeping Pizza Hut's sale growth down. Even with the softness in Yum's business, the operating cash flows remain strong totaling about $1.6 billion for the first half of the year. Overseas, Yum has a very strong position and plans to expand its already very successful International division into continental Europe, Russia,
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