This report explores the impact of franchisee businesses, like KFC and McDonald's, on local business houses. It includes a literature review, research methodology, and findings on the positive and negative impacts of franchisee businesses on local businesses.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
Running head: MANAGEMENT Impact of Big Franchisee on Local Business Name of the student Name of the university Author Note:
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
2 MANAGEMENT Title of the Project The title of the project is“Impact of Franchisee businesses like KFC and McDonalds on the local business houses”.
3 MANAGEMENT Executive summary: The following report has been based on the study of the impact of the franchisee business over the local business houses. The report starts with a formal introduction that provides a background for thereport.Thereportcontainstheliteraturereviewof thetopicwherethevarious perspectives of the franchisee business and its impact on the local business houses has been provided. The inclusion of the research methodology with the designs and sampling of the research has been another important contribution of the following report. The report ends with a proper conclusion which in other words can be said to be an overall summary of the report.
4 MANAGEMENT Table of Contents Executive summary:........................................................................................................................3 Table of Contents.............................................................................................................................4 Assessment 2: Research project:.....................................................................................................6 Introduction (background to the research):..................................................................................6 The research question and/or objectives;.....................................................................................6 Literature review..............................................................................................................................7 Franchisee business:....................................................................................................................7 Positive impacts of franchisee businesses on local businesses:.......................................................8 Promotes entrepreneurial ventures in local markets:...................................................................8 Talent acquisition and development:...........................................................................................9 Greater scope of business successes:.........................................................................................10 Innovation in product line:.........................................................................................................10 Support to local businesses:.......................................................................................................11 Negative impacts of franchisee on local businesses:.................................................................11 Expensive and lengthy legal formalities:...................................................................................12 Franchisors may exploit the franchisee:........................................................................................12 Research design.............................................................................................................................13
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
5 MANAGEMENT Type of research undertaken......................................................................................................15 Justification of selecting descriptive design..............................................................................15 Sample design............................................................................................................................16 Justification for selecting systematic sampling technique.........................................................16 Data collection methods............................................................................................................17 Justification for selecting secondary data collection method....................................................17 Plan of Data Analysis Technique..............................................................................................18 Results and Findings..................................................................................................................18 Conclusions and Recommendations..............................................................................................18 References......................................................................................................................................19
6 MANAGEMENT Assessment 2: Research project: Introduction (background to the research): Franchisee is one of the most of commonly used market expansion modes which are used by multinational companies to enter foreign markets. The multinational companies like fast food companies use this model largely expand into new markets. The premium retailers of lifestyle related products like designer wearable products use this model as well to expand their businesses. The franchisee contracts enable the local business firms to utilize the logos and brands of the franchisor to market the products of the former. Thus, the franchisee business owing to the brand value of the franchisors is able to attract immense numbers of consumers to market their products and earn huge revenue. The franchisee contracts may also entitle the franchisee to avail facilities like training of their staff and obtain machinery from the franchisors concerned. Thus, the local franchisees serving multinational companies like KFC are able to generate higher profits compared to the other local business operating in the similar market. Franchisee paves way of multinational companies enters more local markets like cities and towns. They are able to offer more innovativeproductswhichappeal the contemporary consumers. Multinational companies like KFC have their franchisee networks which cater to the needs of the specific host markets (kfc.com. 2019). Thus, it is evident that big franchisees backed by multinational companies have significant impacts, both negative impacts as well as positive impacts on local businesses. The aim of the paper is to delve into the impact of multinational franchisees businesses on the local business environment.
7 MANAGEMENT The research question and/or objectives; The research questions of the following research will be as follows; What is the impact of the large franchisees over the small business houses?What are the positives and negatives of franchise based business?What are the ways to compete with the large franchises in the near future? On the other hand, the research objectives are as follows; To find out the impact of the large franchisee over the small business housesTo find out the positives and negatives of franchise based businessTo find out the ways to compete with the large franchises in the near future Literature review Franchisee business: Yakimova, Owens and Sydow (2019) define franchisee as the business model which attributes the right to one business firm to market the products of another firm by using intangible assets like brands and logos of the latter. The term can also be defined in the lines of Argyres and Bercovitz (2015). The authors define the term as the contract between two parties in which. The first party to the contract is the business organization which is expanding into a new market and provides right to a third party firm to market its products. The third party firm(s) is the second party to the contract which is known as franchisee contract. The first party is known as the franchisor and the second party is known as the franchisee. The contract between the two parties define the terms and conditions of the franchisee business like profit sharing ratio between the two parties. Lee et al. (2015) point out that franchisees attribute certain rights and
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
8 MANAGEMENT responsibilities on both the parties. The franchisor has the right to use its franchisor to expand its business and retain the ratio of profit as per the contract. The franchisor is responsible for providing training to the employees of the franchisee, if the contract specifies and provide the franchisee with the key ingredients which goes into manufacturing the finished products. For example, in case of KFC, the key ingredients would consist of the signature spices and flavors which attribute KFC products their unique tastes. The franchisee is on the other hand entitled to receive the share of profit it is entitled to. The franchisee has to right to obtain training and key resources from the franchisor, as per the contract. The franchisee is responsible for securing the brand of the franchisor and expanding the business of the latter within the market specified. The franchisees are also responsible for promoting the businesses of the franchisors in order to ensure business expansion of the latter (Baena and Cerviño 2015). This analysis shows that franchisee business model enable the franchisors to expand their businesses in the market. The franchisors are able to enter new markets by marketing their products in the markets through franchisors while the franchisees are able to generate high revenue by marketing branded products. Positive impacts of franchisee businesses on local businesses: Promotes entrepreneurial ventures in local markets: Franchisees encourage entrepreneurial ventures in the local markets which in turn encourage socio-economic development in the local markets.Burns (2016) points out those entrepreneurial ventures introduce new and innovative products in the local markets. He points outthatentrepreneurialventurescreateemploymentopportunities,thuspavingwaysfor economic development among the local communities. Bareša, Ivanović and Bogdan (2017) support the previous authors by pointing out that entrepreneurial ventures enable economic
9 MANAGEMENT development not only in the local market but the country as a whole. McCann and Ortega- Argilés (2016) contradict the opinion of the previous author by pointing out that entrepreneurial ventures though bring about socio-economic development; face several challenges like lack of financial resources, manpower and knowledge. These factors deter entrepreneurial ventures and impede their growth. In fact a large numbers of entrepreneurial ventures face bankruptcy and are forced to exit from the market owing to this lack of resources. Blackburn (2016) point out in this respect that franchisee businesses provide immense support to the entrepreneurial ventures, this promoting growth of the latter. This is because, franchisees enable the entrepreneurs to use their brand names to market products of the former. The entrepreneurs can market the products of the franchisors which enables the former to attract customers easily to purchase their products. Thus, franchisee business model enable small scale entrepreneurial firms to operate successfully in the market and generate huge profit. Talent acquisition and development: Franchisees enable the local businesses acquire talent and develop them to align them with their business needs.Dioch et al. (2017) opine that franchisor businesses provide training to the employees of the entrepreneurial firms which serve as the franchisee. Watsonet al. (2016) point in this respect that franchisor companies usually seek to partner with small scale firms which would enable them to expand their business in host countries. Pitt, Napoli and Van Der Merwe (2017) strengthen the argument by pointing out that franchisors are usually multinational companies having immense brand value in the global market. This means that entrepreneurial firms can use the brand value of the franchisors to attract employees which would not have been possible for them to attract otherwise. It can be pointed out from the analysis that franchisee businesses enable the small scale firms attract talent from the market. Similarly, the franchisor
10 MANAGEMENT businesses train the employees of the small scale firms according to their international business requirements. Thu it transpires from the discussion that franchisee business model paves ways for development of human resources in the host countries. Thus, franchisee businesses bring about skill development in the business sectors of the host countries by offering them training and development opportunities. Greater scope of business successes: The franchisee model provides greater scope of business success to small scale firms. Giudici et al. (2018) point out in this respect that franchisors permit the small scale firms utilize their brand names to market goods of the former. Holt and Littlewood (2017) point out that franchisors own brands which are already established in the market and enjoy immense customer base. Thus, it can be pointed out that small businesses can attract high number of customers using these brands and sell them products of the franchisor concerned. This provides the small scale firms greater scope of succeeding in the market compared to their competitors which do not follow the franchisee business model. Innovation in product line: Franchisee business model encourage innovation in the host markets which small scale firmsalonecannotdrive.Bounckenetal.(2016)pointoutthatsincefranchisorsare multinational companies marketing products before a global base of consumers, they hold certain standards for their products in terms of quality and specifications. This means that franchisee enable the companies introduce their high quality products in the market. This means that consumers are able to avail the international branded products when franchisee enter the market. This means that the franchisee is able to generate higher revenue by marketing these products to the customers. They are as result able to give their local competitors more intense competition in
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
11 MANAGEMENT which the latter generally succumbs owing to multinational company support enjoyed by the franchisee from the franchisor. This competition and the need to retain consumers encourage the local companies to bring about innovation of their respective products in order to sustain in the market. Thus, it is evident that franchisee encourage innovation in the product line of the local businesses. The local businesses are able to generate higher profits by introducing better version of their existing products and/or introducing new and innovative products. Thus, it can be pointed out that franchisees promote innovation in the products of the small scale firms. Support to local businesses: Franchisee businesses offer local businesses support to generate revenue and grow. Vuong, Vu and Vuong (2016) opine that franchisee businesses support the local business and promote their growth. This is because the franchisee business need to offer raw materials from local businesses which promotes economic development among the latter. For example, the international clothing brands like Bata often enter into franchisee with local firms to market their products. These local firms in obtain stocks of finished goods from the local factories. These local factories in order to comply with the quality standards of Bata have to improve their production facilities which ultimately benefits them in the long run. Thus, it is evident from this analysis that franchisee business firms have positiveimpactson the local businesses by encourage them to improve their products to comply with international quality standards. Negative impacts of franchisee on local businesses: Franchisee business model have several detrimental impacts on the local businesses in spite of the fact it does usher several benefits on the latter. The following are the negative impacts which franchisee business model has on local businesses:
12 MANAGEMENT Expensive and lengthy legal formalities: Argyres and Bercovitz (2015) can be iterated to mention that franchisee is a contract between the franchisor and the franchisee. The franchisee according to the contract can utilize the brand value and products owned by the franchisor to operate business in the market and generate profits. Thus, it can be pointed out that franchisee is based on contractual relationship between the franchisor and franchisee. Hussain, Sreckovic and Windsperger (2018) point out in this respect that the contractual relationship is based on complex legal terms and conditions between the two parties. It can also be pointed out that the legal execution of the franchisee contractsareoftenverycomplexandtimeconsuming(business.qld.gov.au2019).The franchisor, usually multinational companies have dedicated legal departments which oversee the contracts the companies enter into with third parties including franchisees. The smaller firms on the other hand may lack legal knowledge or may not have sufficient resources to hire legal experts. Thus, in order to monitor the execution of franchisee contracts, these small scale franchisees have to depend on legal firms which attract legal expenditures (Dada, Jack and George 2016). Multinational companies like KFC as in 2015 charged $ 45000 as franchisee fees, the building and equipment charged was around $695000 to $ 1.2 million while the startup expenses ranged from $ 1.3 million to $ 2.5 million (Businessinsider.in. 2015).Thus, it can be pointed out from this analysis that the franchisees, often smaller firms with limited resources of their own are subjected to complex and expensive legal procedures and eligibility criteria in order to perform the contract. Franchisors may exploit the franchisee: The franchisors, usually multinational companies may exploit the franchisees inflicting serious damage to the business of the latter.Lafontaine, Perrigot and Wilson (2017) mention in
13 MANAGEMENT their work that franchisors are usually multinational companies which have immense revenue base. The multinational companies owing to their stronger market positions often deprive franchisees of their rights according to the franchisee contracts like legitimate share of profits and training of the employees of the latter. Brookes et al. (2016) mention in this respect that franchisees which usually have very little resources of their own to compete against the multinational franchisor to sue them for the breach of contracts. McDonald’s charges immense a franchisee costs on franchisees which makes it difficult to execute (Mcdonalds.com. 2019). Thus, franchisee business model gives opportunities to franchisors exploit their franchisee. Research design Research DesignDecisionJustification Research Type Inductive or Deductive Exploratory/Explanatory/ Descriptive Deductive Methods Descriptive Design Helpsto formulatethe hypothesis and alsohelpsto analyzethe researchina properand effective manner Research Approach Qualitative/Quantitative/Mixed Methods Qualitative Methods The use of the qualitative methods helps the organization toperforma themebased studyonthe same subject Type of data Primary/SecondarySecondary DataThe use of the Secondary datawill providea
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
14 MANAGEMENT thematic analysis and it will also help toconstruct theliterature reviewof the research Data Collection Methods Quantitative Qualitative Group/Observation Mixed Secondary Methods The use of the secondary research methods helps the organization toensure reliabilityand validity Sampling Plan Sampling Frame Sampling Unit Sampling Methods (Probability/Non Probability) Sampling Techniques Sampling Size Thesampling unitisthe different workers of both localbusiness housesand largescale organizations. Theinterview will be carried outonthe managersof bothlocaland largescale business organizations. Asamplesize of 6 managers 3 fromeach industryhas beenselected forthe research. Systematic probability Sampling Technique Theselection ofthe participants both from the large scale and smalllocal business housesare importantas because such a processwill helpthe research to get authenticate dataand information
15 MANAGEMENT Data Analysis Plan Thematic Analysis Statistical Analysis Quantitative Analysis Thematic Analysis Thematic analysisis neededto conductthe interview transcript Type of research undertaken Thethreemostwidelyusedresearchdesignsareexploratory,explanatoryand descriptive. An explanatory research design is defined as the research design that provides an opportunityfor the researcherfor explainingthe reasonsfor theparticularphenomenon. Moreover, explanatory design helps in predicting any future occurrences of the phenomenon in terms of the research topic. In the case of exploratory research design, the researcher is able to test the formulated hypothesis, research objectives and questions. Moreover, this research design also enables the researcher to clarify the various topics and concepts in terms of the research topic. On the other hand, the descriptive research design is a combination of both exploratory and explanatory research design. As commented by the different experts, descriptive research design emphasizes on describing the characteristics of a population through the collection of data. Due to the dual characteristics of descriptive research design, it is the most widely used research design by the researchers while conducting a research. Justification of selecting descriptive design In the case of the current research, the researcher has used descriptive design. This is because the use of descriptive design provided an opportunity for the researcher to clarify the formulated hypothesis and the research topic. The use of this particular research design also allowed the researcher to develop a deep understanding of the cause and effect of the research
16 MANAGEMENT rationalealongwithpredictingthefutureoccurrencesofthespecificresearchrationale. Clarification and predicting the future occurrences simultaneously were not possible by using either exploratory or explanatory research design. Sample design In order to conduct a survey and interview, the researcher has to select the appropriate sampling technique. As commented by (), the most widely used sampling techniques while conducting a research are probability and non-probability sampling technique. The samples for survey are collected from a wide range of population based on specific criteria such as age, experience and gender. According to (), probability sampling technique is defined as the equal chances for all the participants to be selected for the data collection process. In this case, all the participants of a selected population has equal chances of being selected for the data collection process. On the other hand, non-probability sampling technique is defined as the unequal or uneven chances of the participants of a particular population to be selected for the data collection process. In the case of non-probability sampling technique, the researcher selects the participants by judging their suitability in respect to the research topic. As a result, not all the participants of a particular population have equal chances of being a part of the data collection process. Justification for selecting systematic sampling technique In this current research, the researcher has selected the systematic probability sampling technique. This is because in order to understand the impact of employee motivation on employee retention, the researcher thought considering the viewpoint of the managers in manufacturing industries. The researcher has used systematic probability sampling technique in order to avoid the bias.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
17 MANAGEMENT Data collection methods The two most widely data collection techniques while conducting a research are primary and secondary data collection techniques. According to (), books, journals and various internet resources are considered as secondary data collection resources. Researchers use secondary data collection resources in order to develop a deeper understanding of the research topic and create a strong concept about the topic. The use of secondary resources allows the researcher to use different models and theories related to the research topic and use previously existing literatures as references to clear the concept. On the other hand, primary data collection techniques include live participants as the sources of collecting data. Primary data collection technique includes qualitative and quantitative data collection techniques. Quantitative data collection technique include interview whereas quantitative data collection technique suggests conducting a survey. Primary data collection technique includes the opinions and viewpoints of the participants regarding the research topic. Data is collected from the participants both in the form of survey or interview. As a result, recent perspectives of the participants can be taken into account. Justification for selecting secondary data collectionmethod In the case of the current research, the researcher has used the secondary data collection techniques. The researcher while conducting the literature review used secondary data collection technique. The researcher used relevant books, journals and other internet facilities to develop a clear concept about whether the small local business units are impacted with the advent of large scale multinational organizations. Moreover, the use of secondary data collection technique also provided an opportunity for the researcher to use theories and models in terms of the research topic and explain the application of the theories in regards to the following topic based on the impact of the establishment of franchisee business houses on the local business houses.
18 MANAGEMENT Plan of Data Analysis Technique The data collected from the primary data collection technique needs to analyses in order to prove the null hypothesis or the alternative hypothesis. The collected data can be presented using tables, bar charts and graphs. Moreover, statistical analysis techniques can also be used in order to evaluate the data accurately. At certain cases, data analysis using the tables and the bar charts are inaccurate. As a result, the discussions deduced from the data analysis are incorrect thereby, giving inappropriate results. Results and Findings The results and findings will be dependent on the statistical analysis of the different data collected for the purpose of the report. Conclusions and Recommendations The report details out the different perspectives of the impact of the franchisee business on the local business houses. The local business houses face a large number of difficulties that makes it tough for the management of the small business houses to sustain in the market. The companies like KFC, McDonalds and other large franchisee generally operate across both national as well as international borders. These kinds of the companies generally provide the host countries with large scale employment opportunities by providing franchisee. Their aggressive mode of expansion has however, a negative outcome. This kind of tasks generally outclasses the small business organizations and the local companies as the economies of scale are enjoyed by these companies. The reasons for the inability of the small organizations to open franchisees and the result of such an inability will be highlighted in the research.
19 MANAGEMENT References ``Yakimova, R., Owens, M. and Sydow, J., 2019. Formal control influence on franchisee trust and brand-supportive behavior within franchise networks.Industrial Marketing Management,76, pp.123-135. Anon,(2019).[online]Availableat:https://www.franchise.org/franchise-business-growth- outpaces-other-business-sectors [Accessed 1 Jun. 2019]. Anon, (2019). [online] Available at: https://www.sba.gov/blogs/franchise-businesses-can-and- do-impact-local-communities [Accessed 1 Jun. 2019]. Argyres, N. and Bercovitz, J., 2015. Franchisee associations as sources of bargaining power? Some evidence.Journal of Economics & Management Strategy,24(4), pp.811-832. Baena, V. and Cerviño, J., 2015. New criteria to select foreign entry mode choice of global franchise chains into emerging markets.Procedia-Social and Behavioral Sciences,175, pp.260- 267. Bareša,S.,Ivanović,Z.andBogdan,S.,2017.FranchiseBusinessasaGeneratorof Development in Central Europe.UTMS Journal of Economics,8(3), p.281. Blackburn, R.A., 2016.Government, SMEs and entrepreneurship development: Policy, practice and challenges. Routledge. Bouncken, R.B., Plüschke, B.D., Pesch, R. and Kraus, S., 2016. Entrepreneurial orientation in vertical alliances: joint product innovation and learning from allies.Review of Managerial Science,10(2), pp.381-409.
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
20 MANAGEMENT Brookes, M., Altinay, L., Wang, X.L. and Yeung, R., 2016. Opportunity identification and evaluation in franchisee business start-ups.Journal of Service Theory and Practice,26(6), pp.889-910. Burns, P., 2016.Entrepreneurship and small business. Palgrave Macmillan Limited. Burns, P., 2016.Entrepreneurship and small business. Palgrave Macmillan Limited. Business.qld.gov.au. (2019).Advantages and disadvantages of buying a franchise | Business Queensland.[online]Availableat:https://www.business.qld.gov.au/starting-business/buying- business/buying-franchise/advantages-disadvantages [Accessed 1 Jun. 2019]. Businessinsider.in.2015.Businessinsider.in.[online]Availableat: https://www.businessinsider.in/Heres-what-it-costs-to-open-one-of-the-top-restaurant-franchises- in-the-world/articleshow/48244433.cms [Accessed 18 May 2019]. Dada, O., Jack, S. and George, M., 2016. University–Business Engagement Franchising and GeographicDistance:ACaseStudyofaBusinessLeadershipProgramme.Regional Studies,50(7), pp.1217-1231. Diochon, M.C., Anderson, A.R. and Ghore, Y., 2017. Microfranchise emergence and its impact on entrepreneurship.International Entrepreneurship and Management Journal,13(2), pp.553- 574. Drucker, P., 2017.Concept of the Corporation. Routledge. Fink, L., Yogev, N. and Even, A., 2017. Business intelligence and organizational learning: An empirical investigation of value creation processes.Information & Management,54(1), pp.38- 56.
21 MANAGEMENT Forbes.com. (2019). [online] Available at: https://www.forbes.com/sites/edteixeira/.../why-more- small-businesses-fail-to-franchise [Accessed 1 Jun. 2019]. Giudici, A., Combs, J.G., Cannatelli, B.L. and Smith, B.R., 2018. Successful scaling in social franchising:ThecaseofImpactHub.EntrepreneurshipTheoryandPractice, p.1042258718801593. Giudici, A., Combs, J.G., Cannatelli, B.L. and Smith, B.R., 2018. Successful scaling in social franchising:ThecaseofImpactHub.EntrepreneurshipTheoryandPractice, p.1042258718801593. Glover, D. and Kusterer, K., 2016.Small farmers, big business: contract farming and rural development. Springer. Holt, D. and Littlewood, D., 2017. Waste livelihoods amongst the poor–Through the lens of bricolage.Business Strategy and the Environment,26(2), pp.253-264. Hoy,F.,Perrigot,R.andTerry,A.,2017.1.Researchcontributionstounderstanding franchising.Handbook of Research on Franchising, p.1. Hussain, D., Sreckovic, M. and Windsperger, J., 2018. An organizational capability perspective on multi-unit franchising.Small Business Economics,50(4), pp.717-727. Jell-Ojobor, M. and Windsperger, J., 2017. Determinants of the governance structure of the internationalfranchisefirm:Acasestudyanalysisintheautomotiverental industry.International Marketing Review,34(6), pp.814-884. Julien, P.A., 2018.The state of the art in small business and entrepreneurship. Routledge.
22 MANAGEMENT Kenny, B. and Dyson, K., 2016.Marketing in small businesses. Routledge. Kfc.com.2019.Kfc.com.[online]Availableat:https://www.kfc.com/about/franchising [Accessed 18 May 2019]. Kickul, J. and Lyons, T.S., 2016.Understanding social entrepreneurship: The relentless pursuit of mission in an ever changing world. Routledge. Lafontaine, F., Perrigot, R. and Wilson, N.E., 2017. The quality of institutions and organizational formdecisions:Evidencefromwithinthefirm.JournalofEconomics&Management Strategy,26(2), pp.375-402. Lee, Y.K., Kim, S.H., Seo, M.K. and Hight, S.K., 2015. Market orientation and business performance:Evidencefromfranchisingindustry.InternationalJournalofHospitality Management,44, pp.28-37. Loebbecke, C. and Picot, A., 2015. Reflections on societal and business model transformation arising from digitization and big data analytics: A research agenda.The Journal of Strategic Information Systems,24(3), pp.149-157. McCann, P. and Ortega-Argilés, R., 2016. Smart specialisation, entrepreneurship and SMEs: issuesandchallengesforaresults-orientedEUregionalpolicy.SmallBusiness Economics,46(4), pp.537-552. Mcdonalds.com.2019.Mcdonalds.com.[online]Availableat: https://www.mcdonalds.com/us/en-us/about-us/franchising/acquiring-franchising.html [Accessed 18 May 2019].
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
23 MANAGEMENT Opentextbc.ca. (2019).Franchising: A Popular Trend – Introduction to Business. [online] Availableat:https://opentextbc.ca/businessopenstax/chapter/franchising-a-popular-trend/ [Accessed 1 Jun. 2019]. Pitt, L., Napoli, J. and Van Der Merwe, R., 2017. Managing the Franchised Brand: The Franchisees’ Perspective. InAdvances in Corporate Branding(pp. 59-71). Palgrave Macmillan, London. Siebert, M. (2019).The 9 Advantages of Franchising. [online] Entrepreneur. Available at: https://www.entrepreneur.com/article/252591 [Accessed 1 Jun. 2019]. Vuong, Q.H., Vu, Q.H. and Vuong, T.T., 2016. Relationship between past experience, social networkparticipationandinnovativecapacity:Vietnameseentrepreneurshipin transition.International Journal of Transitions and Innovation Systems,5(3-4), pp.299-313. Watson, A., Dada, O., Wright, O. and Perrigot, R., 2017. Entrepreneurial orientation rhetoric in franchise organizations: The impact of national culture.Entrepreneurship Theory and Practice, p.1042258717738519. Watson, A., Dada, O.L., Grünhagen, M. and Wollan, M.L., 2016. When do franchisors select entrepreneurialfranchisees?Anorganizationalidentityperspective.JournalofBusiness Research,69(12), pp.5934-5945.