This book is an attempt to throw some light on the intricacies of franchising as a strategy adopted by franchisors to grow and also as a business model from the perspective of a potential entrepreneur who wants to enter the business arena through the franchise route. The book is divided into four parts: Part I: Provides and overview of franchising as a concept, its evolution and also as a strategy adopted by franchisers to expand geographically. Part II: Discusses the development of a franchise system from the perspective of a franchisor who wants to pursue growth through the franchising route. Part III: Takes a holistic view on managing a franchise system. It deals with the financial aspects of managing a franchise from a perspective of a franchisee. Part IV: Six Case studies largely from an Indian context have been provided to enrich the learning experience.What extra cost one has to pay for the renewal? ... In case, existing franchisees are unhappy, a potential franchisee should go in to a much deeper cause-effect analysis to thrash out the ... A willingness to personally devote full time and best efforts to the day-to-day operation of the restaurant as an on-premise owner- operator 6. ... Financial resources Q: How much does a McDonalda#39;s franchise cost?
|Publisher||:||Tata McGraw-Hill Education - 2009|