Franchisee

Full Franchise Disclosure Documentation / Uniform Franchise Offering Circular for KFC Corporation and KFC Express fast food restaurants.  This detailed report is packed full of useful information on KFC Corporation's franchising operations in the US.  It's a must read for potential KFC franchisees.

This article focuses on the choice of franchise by a potential franchisee,
opening an outlet for the first time. The aim is to analyze the
relationship between two signals—brand equity and price—sent
by the franchisor, and the choice of franchise. Signaling theory
provides the method to analyze this relationship. Using data panel
methodology, we conclude that brand equity, up-front franchise
fees, and initial investment are the signals taken into account by
Spanish franchisees when starting up franchise stores between 2002
and 2008.

The purpose of this study is to find out the challenges and operational hurdles faced by franchise owners and profitability of any small-scale franchise Module. The goal of this research work is to identify the issues a prospective franchisee must be aware of to successfully manage the operations and be ready to implement innovative strategies for better profitability. The information for this research is gathered from literature, the Internet and by collecting the responses through specially crafted questionnaire, small-scale franchise owners from Pune of Kekiz, MacDonald, Sujata Mastani, Amruttulya Chaha and many more local brands. The empirical data for this study is collected from the representatives by doing a survey in questionnaire form. The outcome of this study indicates mainly the same issues that were expected to be found. These involve propositions concerning allocation of tasks to encounter the prospective challenges and converting the weaknesses into strengths of the outlets, free-riding problems, uniformity of products, transfer of knowledge and local advertising practices. This research concludes that anticipating the challenges and applying innovative promotional strategies to overcome the issues help in improving the profitability of any small-scale franchise outlet.

management teams. Most of University’s alumni work in some leading hotels around the world). Having completed a Ph.D. in Corporate Finance, he has orientated his research work towards Revenue Management and specifically on the way companies implement this strategy. * * Mathieu Paquerot is a lecturer of Finance and Corporate Strategy at the University of La Rochelle and director of Management Institute of La Rochelle. He has a Ph.D. in

This paper is the report of a study on the improvement of road infrastructure in Nigeria using the Minna-Bida road as a case study. The N1.414 trillion which has been appropriated for the road sector in Nigeria since 1999 is seen as an acknowledgement of the crucial role of road transportation in national development. There are views that inadequate funding has contributed substantially to the deplorable condition of some roads, specifically the Minna-Bida road axis; which is additional to the lack of robust project management strategies capable of sustaining these investments. Anecdotal evidence suggests that Nigeria needs a sustainable framework which would ensure the preservation of her road transportation infrastructure; the attainment of which is affected by the level of funding. This paper highlights the failure of direct conventional tolling and makes a case for Public Private Partnership (PPP), by concessioning, as a means of achieving sustainable preservation of the road tr...

Previous empirical research has supported the predictions derived from transaction cost economics that asset specificity, uncertainty, frequency and complexity entail vertical integration (David and Han 2004). The underlying assumption is that integration creates the most efficient organizational formation. Given this assumption from transaction cost theory integration caused by market failures due to asset specificity lead to efficiency. This test focus on the ability of the principal company to control opportunism and to reduce transaction costs through vertical control. Therefore, the empirical question raised here is whether dimensions of costs can be contract related. Contract related transaction costs unlike production costs are associated to the incentives defined by the contract. This problem has barely been studied in previous empirical analysis. However, the theoretical question makes it crucial to explore a homogeneous setting like a plural formed franchise system where third variables also including asset specificity can be kept relatively constant.  My intention, therefore, is not to test traditional hypotheses derived from transaction cost theory, but to explore dimensions of transaction costs and to test the prediction from the theory that costs associated to the bilateral exchange are related to the incentive system given by the contract. The test reveals how transaction costs are related to aspects of the bilateral contract. The bilateral contract is dimensionalized into structural variables like centralization and formalization and a variable describing the interactive process. The empirical setting is an oil company (Shell) and its plural formed franchise system in the Norwegian gasoline market, representing standardized technology and products, and trademark specific assets equally distributed among dealers. Both dyadic and unilateral data are used to test the hypotheses. The results point out the importance of formal rules and procedures and the scope and magnitude of interactions as efficient instruments of bilateral contracting.  Centralization, though, is related to both control costs and free-riding costs.