Motivations and Relations in Business Format Franchise Systems

Motivations and Relations in Business Format Franchise Systems PDF Author: Thilo A. Bäß
Publisher: GRIN Verlag
ISBN: 3668964483
Category : Business & Economics
Languages : en
Pages : 82

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Book Description
Research Paper (postgraduate) from the year 1998 in the subject Business economics - Business Management, Corporate Governance, grade: 1,0, University of Auckland (Department of Property), language: English, abstract: This study investigates the required business-related qualifications on the part of prospective franchisees of real estate brokerage services as well as the question why they may prefer to buy a business format franchise over running an independent business based on their own experience, expertise, know-how and skills. As for the franchisor perspective, a major focus was put on the management of potential areas of conflict between power and control along the lifecycle of a franchise relationship. Anecdotal evidence from a convenience sample of three business format franchise systems highlight the importance of intangible indicators for the quality of professional services in customers’ decision-making with brand as the driving factor for franchisees’ motivation, whereas training especially prior to opening seems to be less crucial than franchise theory suggests. The possibility to blueprint professional services and real estate brokerage services in particular is limited due to the heterogeneity of properties and local market conditions, for instance. Because of divergent economies of scale especially with regard to information technology resources, network effects also play an important role. Both franchisors and franchisees agreed on the significantly increased efficiency of franchise owners compared to branch managers. No major differences have been found in the terms and conditions of the franchise agreements.

Motivations and Relations in Business Format Franchise Systems

Motivations and Relations in Business Format Franchise Systems PDF Author: Thilo A. Bäß
Publisher: GRIN Verlag
ISBN: 3668964483
Category : Business & Economics
Languages : en
Pages : 82

Get Book Here

Book Description
Research Paper (postgraduate) from the year 1998 in the subject Business economics - Business Management, Corporate Governance, grade: 1,0, University of Auckland (Department of Property), language: English, abstract: This study investigates the required business-related qualifications on the part of prospective franchisees of real estate brokerage services as well as the question why they may prefer to buy a business format franchise over running an independent business based on their own experience, expertise, know-how and skills. As for the franchisor perspective, a major focus was put on the management of potential areas of conflict between power and control along the lifecycle of a franchise relationship. Anecdotal evidence from a convenience sample of three business format franchise systems highlight the importance of intangible indicators for the quality of professional services in customers’ decision-making with brand as the driving factor for franchisees’ motivation, whereas training especially prior to opening seems to be less crucial than franchise theory suggests. The possibility to blueprint professional services and real estate brokerage services in particular is limited due to the heterogeneity of properties and local market conditions, for instance. Because of divergent economies of scale especially with regard to information technology resources, network effects also play an important role. Both franchisors and franchisees agreed on the significantly increased efficiency of franchise owners compared to branch managers. No major differences have been found in the terms and conditions of the franchise agreements.

Franchising For Dummies

Franchising For Dummies PDF Author: Michael H. Seid
Publisher: John Wiley & Sons
ISBN: 0470045817
Category : Business & Economics
Languages : en
Pages : 408

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Book Description
Written by the late Dave Thomas, the widely known founder of Wendy's, and franchising consultant Michael Seid, this is a comprehensive and reliable resource for anyone interested in purchasing a franchise.

Economics and Management of Franchising Networks

Economics and Management of Franchising Networks PDF Author: Josef Windsperger
Publisher: Springer Science & Business Media
ISBN: 3790826626
Category : Business & Economics
Languages : en
Pages : 358

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Book Description
Franchising networks are experiencing great success in international business organization. Few books try to explain the characteristics of these networks. Contrary to the existing literature this book tackles more theoretical problems related to governance, organization, knowledge management, contract design, incentive and regulation issues both from the economic and management view point. It delivers new theoretical and empirical results regarding plural forms, contract design, and knowledge and strategic management issues. Its purpose is to offer researchers and practitioners new theoretical and empirical insights in one of the most important economic phenomenon at the beginning of the 21st century: Franchising networks as organizational arrangement for growth and internationalization of firms.

Introduction to Business

Introduction to Business PDF Author: Lawrence J. Gitman
Publisher:
ISBN: 9781947172555
Category : Business
Languages : en
Pages : 732

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Book Description
Introduction to Business covers the scope and sequence of most introductory business courses. The book provides detailed explanations in the context of core themes such as customer satisfaction, ethics, entrepreneurship, global business, and managing change. Introduction to Business includes hundreds of current business examples from a range of industries and geographic locations, which feature a variety of individuals. The outcome is a balanced approach to the theory and application of business concepts, with attention to the knowledge and skills necessary for student success in this course and beyond.

Handbook of Research on Franchising

Handbook of Research on Franchising PDF Author: Frank Hoy
Publisher: Edward Elgar Publishing
ISBN: 1785364189
Category : Business & Economics
Languages : en
Pages : 639

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Book Description
Franchising is one of the major engines of business expansion and job creation globally. The Handbook of Research on Franchising offers new insights into entrepreneurial behavior, organizational forms, regulation, internationalization, and other contemporary issues relating to this dynamic business strategy. The Handbook challenges both practitioners and scholars to give attention to the conclusions of scholarly research on this business model. Practitioners can benefit from the results of high quality scientific research, and scholars can find exciting opportunities for contributing to the body of knowledge of a subject that has not received sufficient attention in educational institutions.

Journal of Small Business and Entrepreneurship

Journal of Small Business and Entrepreneurship PDF Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 96

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Book Description


Contemporary Management and Global Leadership for Sustainability

Contemporary Management and Global Leadership for Sustainability PDF Author: Kankaew, Kannapat
Publisher: IGI Global
ISBN:
Category : Business & Economics
Languages : en
Pages : 342

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Book Description
Modern organizations confront an array of existential challenges encompassing environmental volatility, resource scarcity, workforce recruitment woes, employee burnout, and technological disruption. These uncertainties, coupled with the call for sustainability as exemplified by the Sustainable Development Goals (SDGs), necessitate adept management and visionary leadership. Nevertheless, deciphering these intricacies proves formidable, exacerbated by societal shifts and rapid behavioral transformations. The demand for proficient management and comprehensive leadership has never been more pressing as we stand on the cusp of a transformative era. Contemporary Management and Global Leadership for Sustainability, emerges as a remedy for present challenges. This book delves into the core of modern management science and global leadership, offering a roadmap to navigate multifaceted issues across various sectors. Beyond theoretical insights, it bridges the gap between theory and application, equipping a diverse audience with actionable approaches for sustainable triumph. Tailored for academics, professionals in public and private spheres, and students, the book serves as a reservoir of knowledge. Touching industries from hospitality to education and exploring the fusion of religious philosophy with sustainable leadership, provides invaluable guidance. As organizations worldwide seek direction amid contemporary challenges, this book shines as a beacon, guiding the way toward resilience, innovation, and enduring triumph.

Entrepreneurship in a Global Context

Entrepreneurship in a Global Context PDF Author: Sue Birley
Publisher: Routledge
ISBN: 1134789920
Category : Business & Economics
Languages : en
Pages : 204

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Book Description
This collection presents selected papers from the Fourth Annual Global Conference on Entrepreneurial Research, held in 1994 at INSEAD, France.

Encyclopedia of New Venture Management

Encyclopedia of New Venture Management PDF Author: Matthew R. Marvel
Publisher: SAGE
ISBN: 1412990815
Category : Business & Economics
Languages : en
Pages : 545

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Book Description
The Encyclopedia of New Venture Management explores the skills needed to succeed in business, along with the potential risks and rewards and environmental settings and characteristics.

Introduction to Franchising

Introduction to Franchising PDF Author: Andrew C. Selden
Publisher:
ISBN:
Category : Franchises (Retail trade)
Languages : en
Pages : 72

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Book Description