Political, legal, and regulatory risks The Rules on the Regulation of Franchise (Italian Senate) in articles 2-3 under the Scope of Law demands that any third party business relations must be in writing or will be considered null in void. A distinct plan of organization will be key in handling all written documentation as well as third party witnessing. The Rules on the Regulation of Franchise also states that all documentation must by law, must coincide with the original agreement made by franchisor
Words: 646 - Pages: 3
MBA 544 Case Study 10 Firehouse Subs Jack James 10/14/12 1. Franchisees gain numerous advantage when they purchase a franchise. First, while a franchisee may be opening a new store, it is part of an already established business and system. This means a franchisee has access to turnkey operations, allowing an increased speed to establishing and growing the business. Franchisees also get support for management and training activities, as well as financial assistance. Going hand in hand with
Words: 1779 - Pages: 8
ultimatum given to the four sons by their parents ‘start a business or go to college.” Their growth since opening has grown tremendously to where the family never expected it to grow, between the year they opened and 2002 which was the year they began franchising the family opened six locations all in the Washington, D.C. metro area. Many have wondered how has a mom and pop organization become so successful in such a short amount of time? What’s the magical secret? Other fast food chains have been around
Words: 935 - Pages: 4
the system The Positive results from the restructuring of Franchising policy for Precision Tune Auto Care Gregory Totty MGT 510 Strategy Planning Doctor Walter McCollum Colorado State University Global Campus November 14, 2013 Reference: Falconi, R. (2005). How Do You Mend a Broken Franchise System?. Franchising World, 37(12), 48-49. Reference: Falconi, R. (2005). How Do You Mend a Broken Franchise System?. Franchising World, 37(12), 48-49. The problem statement is how do you
Words: 382 - Pages: 2
Report On “Porcini's Pronto: Great Italian cuisine without the wait!" Submitted in partial fulfillment of the requirement of Course in Strategic Marketing Management Submitted by: Under the Guidance of: Name: Sitaraman V Iyer Prof Yim Bennett Chi Kin Roll No. 2013963031 MBA Full-Time Batch 2013-14 University of Hong Kong INDEX Serial No. | Topic | Page Numbers | 1 | Executive summary | 3 | 2 | Topics | Introduction | 4 | | | Business Model to select
Words: 2150 - Pages: 9
S SUNSET GRILL AT BLUE w 9B10D015 Jason Melhuish wrote this case under the supervision of Professors Dina Ribbink and John Haywood-Farmer solely to provide material for class discussion. The authors do not intend to illustrate either effective or ineffective handling of a managerial situation. The authors might have disguised certain names and other identifying information to protect confidentiality. Richard Ivey School of Business Foundation prohibits any form of reproduction, storage or
Words: 5379 - Pages: 22
Chapter 4 Case 3 III. Gold Star Chili: Customer and Market Knowledge Although no discussion questions are raised at the end of the case (a disturbing fact for some students who are overly focused on getting the “right answer”) some issues for discussion would seem obvious. Customer and Market Focus Strengths • Gold Star has segmented its customers into three groups -- franchisees, restaurant customers, and retail customers. They have carefully defined the characteristics of each
Words: 503 - Pages: 3
Number 8 The Franchising Decision: The Perspective Of The Franchisee In The Hospitality Industry Ramon Diaz-Bernardo, Instituto de Empresa Business School, Spain ABSTRACT Franchising is a major trend in the hotel industry. Despite the fact that almost two-thirds of branded hotels in the U.S. are franchised, there is a lack of empirical research on franchising in the hospitality industry. In this article, I reviewed one of the most relevant lines of research in franchising literature, usually
Words: 2612 - Pages: 11
Chapter II Discussions Franchising is a long-term cooperative relationship between two entities—a franchisor (owner) and one or more franchisees (dealer)—that is based on a franchise agreement in which the franchisor provides a licensed privilege to the franchisee to do business. The franchisor grants the franchisee the right to use a developed concept, including trademarks and immediate brand names, well-established tried and tested production, services and marketing methods and the entire business
Words: 339 - Pages: 2
McDonald’s Restaurants The route to fast food franchising Introduction When the McDonald brothers, Dick and Mac opened their first restaurant in 1940 in San Bernardino, California, they could never have imagined the phenomenal growth that their company would enjoy. From extremely modest beginnings, they hit on a winning formula selling a high quality product cheaply and quickly. However, it was not until Ray Kroc, a Chicago based salesman with a flair for marketing, became involved that the
Words: 2604 - Pages: 11
