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Franchise Essays

Influence of Information and Knowledge Management on Increasing Profits and Efficiency in Franchise and Chain Stores: A Case Study of Ontario, Canada

1.0 Introduction 1.1 Background and Description of Issue Franchise and chain shops have grown practically ubiquitous in retail due to their ability to rapidly expand and gain economies of scale. However, growth into new sites is one of many factors influencing these shops’ profitability. Instead, referring to Easton et al. (2021), it is determined by ... Read More
Pages: 16       Words: 4348

Is It Better for an Entrepreneur To Pursue a Franchise With a Proven Business Model or Try To Do Their Startup Idea?

Abstract Entrepreneurs may pursue a franchise with a proven model or try to do their startup idea. Franchisees are more successful than new businesses. Independent firms make changes and decisions as they go, while franchises follow a business strategy that has already proven successful. There are many unknowns when starting a business, but entrepreneurs have ... Read More
Pages: 13       Words: 3534
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Business Franchise Management

Introduction Let’s begin with a basic understanding of the term “Franchise Management.” Licensing agreements for certain trades, products, businesses, or private enterprises are an example of a “Franchise.” Franchise management entails being in charge of every facet of a business’s operations, from the ground up. Under the conditions of a license, franchisees may utilize the ... Read More
Pages: 10       Words: 2676
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