according to the website which appears to be exclusive to members. This submission is accomplished in an effort to compare the requirements of activity of BYP19-7 (John, 2009, p. 1001) with basic franchising information intertwined in the discussion. Viability of Franchising as a Business Model Franchising is a viable alternative for a business rather than the conventional startup particularly when a potential owner has little to no previous experience managing a business. The number of businesses
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external ways (spin out organisations, social franchise, kite marks) through which social enterprises can grow. Social enterprises need to develop strategies to maximise social impact within and outside the organisation. (Lyon F., Fernandez H. 2012) Franchising is the most popular and successful method of expansion adopted by most social enterprises as studies reveals that there are 95 successfully run social franchises throughout the UK. (ICSF, 2012). A social franchise in the words of Richardson M.,
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McDonalds The route to fast food franchising Summary Concepts: Franchisee, business, restaurants, marketing, success, brand, suppliers, sales, standards, customers, Ray Kroc, market research, recognises, Football Association, staff. Summary: 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 business
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CASE STUDY OF KRISPY KREME Just like their Donoughts the Krispy Kreme stock seemed irresistible when they went public in 2000. It was even named as IPO of the year and the Forbes named it as the company to look out for. But now it is just a firm with a market capitalization over 300 million. So what did Krispy Kreme did wrong to be in a situation like this. The decline of Krispy Kreme Donoughts Inc. with a market capitalization of over 3 billion to just over 300 million was due to the use of
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BUS357 Starting and Managing a Business Assignment 2 – Group based Assignment January 2013 Presentation 1. Executive Summary This document proposes the feasibility of opening a new Pet Lovers Centre Franchise outlet at the proposed recreational hub at the site of the former Parkland Golf Range in 2014. We see a need for more pet friendly facilities at East Coast Park and we believe that of all the pet franchises operating locally, Pet Lovers Centre has the most compatible
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our own original work. Student registration No: 101009 Signature: …………. 101011 Signature: …………. Program: Business Administration, Level 1 Lecturer: Deian Doikov Contents Introduction 3 Advantages of Franchising 4 Disadvantages of Franchising 5 Top 10 franchise ranking 5 Pasta Italia Background 6 Product Design 7 Service design 9 Capacity management 11 Layout planning 13 Location 15 Conclusion 16 Bibliography: 17 Introduction The aim of this coursework
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Franchise Management “Franchising is utilized by a wide variety of companies in numerous industries to sell goods and services through retail outlets” (Birkeland, 16). Franchising is the ability to sell goods to the consumers of the world. Franchising branches off into many categories such as retail and food. Becoming a franchiser is quickly becoming one of the quickest and most effective ways in today’s society to make money (17). Becoming a franchiser means that you become the head of the
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franchiseinfo.co.uk/franchise-pages/premier/madscience, accessed June 2011 About Mad Science Founded: 1985 Franchising since: 1995 As children, brothers Ariel and Ron Shlien loved to create crazy science experiments. As adults,they realized that kids like fun, coolscience.So in 1985, they started Mad Science by hosting "edu-taining" birthday parties featuring scientific demonstrations. Franchising began in 1995, with initial franchises in Florida and Toronto, and now they have franchises worldwide
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risk -----unbalance gain between managing and franchising Marriott follows the business model wherein it emphasizes on managing and franchising hotels, rather than owning them. The company operated 46% of its hotel rooms under management agreements, 52% under franchise agreements. But, as compared to this, only 33.6% of the revenue in FY2009 were earned through franchising while 66.4% from own operation. The emphasis on management contracts and franchising although tends to provide more stable earnings
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Summary Case 8.1 Heartache and Financial Failure Introduction When a business struggles financially, not only is its budget stressed but the people who own and operate the business are often stressed as well. That’s why it’s so important that a business practice prudent financial management. Cold Stone Creamery Cold Stone Creamery was founded in 1988 by Susan and Donald Sutherland. The couple liked ice cream that was neither hard-packed nor soft-serve, and opened the first Cold Stone Creamery
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