Franchising: Perspective of Entrepreneurs Essay

Franchising: Perspective of Entrepreneurs Essay

Length: 1586 words (4.5 double-spaced pages)

Rating: Powerful Essays

Open Document

Essay Preview

In order to familiarize franchising, its history must be known. (The History of Franchising, 2007) the word franchise came from the old French meaning privilege. In the middle ages, franchise is a privilege wherein the local sovereign words will grant to hold markets to hunt on hid land. It is shown in the phrase that franchise started as early as the middle ages. The king was like the franchisor which allows his business commercial activities to be used by the other businessmen or franchisees. It is also included that franchising changes over time.
To support this statement, here are the other statements from Libaya (2013) that Isaac Singer created a concept of making automated sewing machines. With his colleagues, he thought of selling sewing machines rights to other businessperson wherein they will gain profit through up-front licensee fee. It is known to some that the franchising is started by the owner of Singer sewing machines. The businessmen who were partners of Mr. Singer utilized a plan of finding other businessmen that will be capable to sell their products by giving them the rights of the business through agreement. These businessmen will pay to Mr. Singer for the rights of the franchise and they will be able to sell through using the franchise they have bought, this will provide income for Mr. Singer which is the franchisor but it will also help the other businessmen or the franchisees because they will be able to use a good franchise for the good of their business.

According to an article by Sadi,Syed,&Iftikhar(2011). Franchising is not new in Saudi Arabia. It was noted that customers appreciate the role of franchising in the development of local businesses and they noticed that franchising have a positive effect o...


... middle of paper ...


...ased on the perceptions of the entrepreneurship students but also by their own sources.


Works Cited

Hatten, T. (2012). Small business Management. Entrepreneurship and Beyond. U.S.A:

South-Western College Publishing.
Harper, S. (2003). The McGraw-Hill Guide to Starting you own business. New York:

McGrawHill.

History Of Franchising. Retrieved from March 1, 2014 from

http://www.atozfranchising.com/Article.aspx?id=3

Libaya,J. (2013) . How Franchising Began. Retrieved from March 1, 2014 from

http://www.sba.gov/community/blogs/how-franchising-began

Sadi, M. A., Syed, K. J., &Iftikhar, Q. (2011). CUSTOMERS' PERCEPTION OF

INTERNATIONAL FRANCHISING AND ITS IMPACT ON A GROWING

MARKET: THE CASE OF SAUDI ARABIA. Global Conference On Business &

Finance Proceedings, 6(2), 707-716.

Vozar, R. (2013). Franchising basics. Smart Business Columbus, 22(3), 34

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Subway 's Current Franchising Process Essay

- Subway Report Executive Summary This report has examined the current franchising process in which Subway adhere to, while also indicating to subway that they could improve their franchising method by monitoring and controlling franchisees operations, while providing assistance and support throughout. Moreover, this report highlights the cultural challenges, such as; legal systems, laws and regulations, language barriers and the cultural differences with regard to Subways menu. Lastly, the recommended alternative approach Subway can use in conjunction with franchising, in order to gain a competitive advantage, is to export their products into supermarkets overseas....   [tags: Franchising, Business model, Marketing]

Powerful Essays
3072 words (8.8 pages)

Franchising And Marketing Management : Toyota Essay

- US 6412 Franchising and marketing management harpreet brar Student ID 15101 Task 1 Toyota is a big car company in world Toyota have a franchises all over the world normally Toyota is famous for good cars day by day this company going is growing and nowadays Toyota also start design electrical goods and other so ,any things .this company stablish in 1867 . and now this company is in all over the world and mostly Toyota have franchises in every country and individuals also have good experience with this company ....   [tags: Marketing, Franchising, Franchise, Sales]

Powerful Essays
3847 words (11 pages)

How Does The Affect Entrepreneurs ' Psychological Well Being? A Person Job Fit Perspective?

- How does polychronicity affect entrepreneurs’ psychological well-being. A person-job fit perspective Principle Topic Entrepreneurs often need to perform multiple tasks simultaneously or intermittently (i.e., polychronicity) (Volery, Mueller, & Siemens, 2013) because they usually face fast changing environment and have limited human resources to delegate tasks. Thus, entrepreneurship offers opportunities to behave polychronically on the job (i.e., polychronicity supplies). However, as individuals are different in their preference for multitasking (i.e., polychronicity values) in that some prefer to work on multiple tasks simultaneously whereas others may prefer to finish the current task befo...   [tags: Entrepreneurship, Entrepreneur, Psychometrics]

Powerful Essays
712 words (2 pages)

Common Traits of Entrepreneurs Essays

- In the past few years, there has a lot of attention paid to the concept of entrepreneurship; however, many still struggle to find the exact meaning of what an entrepreneur is and how he is different from other regular business-owners. This query has gotten people to come up with different definitions and studies in the search of a final answer and, even though there is still a debate for a complete designation accepted by all, now there are certain traits that are recognized by everyone as basics for being an entrepreneur....   [tags: Entrepreneurs, business,]

Powerful Essays
608 words (1.7 pages)

Benefits Of Franchising System In Turkey Essay example

- Benefits Of Franchising System In Turkey Franchising system has lots of adventages for economic growth of Turkey such as it creates job opportunity , competition improves the domestic campanies and global campanies brings many adventages. FRANCHISING IN TURKEY Franchising is one of the most important ways for global campanies and Turkey is seen as a profitablemarket for international franchisors.In Turkey , there are many franchisors in different sectors.Especially, Turkey's geographic position between Europe and Asia is a important adventage for foreign investors.Moreover , Turkey's population that has reached to 70 million people creates a vaste number of customer...   [tags: Turkey Business Franchising]

Free Essays
1527 words (4.4 pages)

Essay on Entrepreneurs : The Place Of Entrepreneurs Inside Discourse Communities

- Entrepreneur (Noun) [ahn-truh-pruh-nurz]: a person who organizes and manages any enterprise, especially a business, usually with considerable initiative and risk (“entrepreneur.”). In most professions, discourse communities exist as a means of communication between other members of the same profession, though the technical definition of discourse community is still disputed. Both students studying entrepreneurship and entrepreneurs themselves take an interesting role in discourse communities, as aforementioned communities can be hostile to entrepreneurs....   [tags: Entrepreneurship, Entrepreneur]

Powerful Essays
1572 words (4.5 pages)

Franchising Subway Essay

- Franchising Subway Franchising has attracted some 34,000 people in the UK to invest in their future in self employment. Here are 15 reasons why franchises offer an attractive business opportunity. 1. Established brand value. Prior to launching a franchise, the franchisor has developed and established attractive and meaningful branding for the operation, and as the network of franchisees expands the national recognition of this brand grows. When a franchisee enters into a mature franchisee network, they will benefit from the national name recognition the brand has built when it comes to their own marketing initiatives, while even new launch franchises have invested in professionally designed...   [tags: Subway Business Franchising]

Powerful Essays
1608 words (4.6 pages)

Essay Exploration of Franchising

- Exploration of Franchising Definition Franchising offers an excellent opportunity for you to be in business for yourself. When you hear the word " Franchise" you probably think of fast food restaurants such as Burger King, McDonald's or Subway. But the truth is Franchising is so much wider than that. In simplistic terms, franchising is where a successful business format is replicated. This will involve the setting down into an operations manual all the systems and procedures that the business owner has found gives them the best chance of success....   [tags: Papers]

Powerful Essays
1025 words (2.9 pages)

Essay on Licensing vs. Franchising

- Licensing vs. Franchising LICENSING Licensing is Lower Cost and Can Be Done Quickly. If you are thinking about expanding your operation through franchising, licensing may be an alternative because (1) it is substantially less expensive, and (2) it takes about ten to fifteen business days to complete rather than months and months for franchises....   [tags: Business Compare Contrast]

Free Essays
1176 words (3.4 pages)

Essay about Franchising

- Franchising A franchise, by definition is a legal agreement that allows one organization with a product, idea, name or trademark to grant certain rights and information about operating a business to an independent business owner. In return, the business owner (franchisee) pays a fee and royalties to the owner. This one-time fee paid by the franchisee to the franchisor is referred to as a franchise fee. The fee pays for the business concept, rights to use trademarks, management assistance and other services from the franchisor....   [tags: GCSE Business Marketing Coursework]

Powerful Essays
1407 words (4 pages)