Why might an existing non-franchised business choose to become a Essay

Why might an existing non-franchised business choose to become a franchisor - Essay ExampleThe motive is consistent with the resource allocation theory that stipulates that organizational units are well-nigh productive when tightly controlled (Ashar & Shapiro, 1988), although the new resource-based view of the theory advocates value creation by combining topical anaesthetic (or franchisee) and central (or franchisor) advantages (Combs, 2003). The motive was a major driver of franchising among American auto manufacturers in the 1900s (Combs, 2003). The auto manufacturers lacked monetary resource to open dealerships across the country. Their workaround to the problem was to create chains of franchises across the US. The franchisees invested in stocks of vehicles and premises. In return, they enjoyed exclusive marketing territories. Although a business may want a franchise in order to use opposite peoples funds to grow, some scholars have cast doubt over the cherished smell that the ability to expand without investing their money and retain control over operations is one of the principal(prenominal) reasons firms franchise. Franchisee financial constraints are a major cause of poor relations between the franchisor and franchise and a threat to the survival of both (Dada, et al., 2009). If this argument is true then it defeats the logic of the franchisor seeking to expand apply the franchisees capital. A number of reasons explain the occurrence of such a situation. First, some franchisees may vary their financial position in order to meet the stringent requirements of the franchisor. Such falsification of information, coupled with lack of due diligence on the part of the franchisor creates a situation where the franchise starts the franchise with inadequate capital. abruptly afterward, the franchise becomes unable to provide the product they set out to provide. Even in the absence of record cases of this nature, the risk of such a scenario is real. The implication is that a business that is desirous of adopting a franchise puzzle as a

Contemporary And International Marketing Essay Example | Topics and Well Written Essays - 2750 words

Contemporary And International Marketing - experiment Exampleof globalization has forced countries and the military controles to broaden their strategies and implement these strategies in other markets to expand the size of their business and economies. Moreover, televisions, cameras, telecommunication services and products and electronic gadgets are in great demand by consumers and businesses, who are tangled in producing these products and services, see this increasing demand as a great opportunity to produce correct greater revenues. The expansion of business can be in the form of foreign direct investments, Greenfield ventures, licensing and franchising or by opening up a subsidiary in cross border regions. Businesses can be involved in worldwide markets for the sake of achieving benefits and significance of production based on the increased total and demand in foreign markets (Lukac). In Sonys case, the japanese conglomerate decided to expand into international markets for the sake of delivering benefits of its products and services to the customers all around the base and in return, maximizing its annual revenues and shareholders wealth (Sony Corporation). Sony has shared its business into five geographic regions. These are Japan region, United States region, European region, Asia-Pacific region and Other Areas which intromit different markets in Africa, North and South America and Oceania. Sony makes its major profits in United States, Japan and European regions, thanks to the bulk tell oning of its communication gadgets and television in these regions. Sonys annual revenues in 2011 were amounted to around 7,181,273 Japanese Yen which are -0.0045% lower than the revenues reported in 2010 (Sony Corporation). Sony considers four emerging markets as its future prospects for setting up factories and operational facilities... This report stresses that Sony offers a variety of standardized products through the geographic regions in which it is doing b usiness. These products can be classified as electronic devices, games and entertainment solutions. These categories includes a range of televisions and projectors, ingleside theatres, cameras, laptops, games, portable entertainment solutions, cellular phones, batteries and chargers, peripheral devices and etc. Reason for producing and delivering standardized products to the target customers at scatter locations is the high cost of producing and delivering differentiated products. Moreover, consumers preferences for electronic goods and gadgets are same all around the world which allows Sony to sell its trademark and standard products throughout.This paper makes a conclusion that the review of Sony Corporations business reveals that the federation has established itself as the manufacturer of quality electronic goods and gadgets. The consistency in quality delivered to the customers and after gross revenue service makes Sony the worlds largest manufacturer of electronic goods and a reliable name in the field, which helps the caller-out to maintain the current market share and attract new customers. Moreover, the massive size of its business, which is dispersed in 5 regions of the world, helps Sony to outclass its competitors, which is supplemented by the strategies adopted by the company regarding its marketing mix.

Is Money Neutral Contrast the view regarding the neutrality of money Essay

Is Money Neutral Contrast the view regarding the neutrality of coin amidst Real Business Cycle theory and New Keynesian Theor - Essay ExampleThis is an important dubiety to ask, as it affects the way, the government chooses to govern the economy and the ways to control it. The two schools of thought, the New Keynesian opening and the Real Business Cycle Theory, debate the answer to this question (Mankiw, pp. 181-220, 2003). Both of these theories know a uncommon perspective to offer on the answer, and since each raises valid arguments, neither has yet been discredited for the other. The theory of cash neutrality maintains that the exertion of funds does not affect square, inflation-adjusted factors like employment original Gross house servant Product (GDP) and real consumption (real because they have are all adjusted for inflation). This is because this theory considers the force of money as an inflationary one, with no large implications for the economy in terms of the l argeeconomic factors. However, the theory does acknowledge the impact money has on token(a) variables, such as equipment casualty and wages, and even exchange step of the countrys currency (Wickens, pp. 199, 2009). These factors bound to gain influence from the money rate of interest, as they have a direct link to money and its circulation in the economy. The two schools of thought that debates on the neutrality of money have opposite views about how far-reaching the effect of money can be in an economy. The classical toughie states that money is neutral in both the short run as well as the ample run. This means that this model considers money to be a neutral force, one that does not affect macro factors such as GDP or employment in the economy. Whereas, the Keynesian school of thought states that a force as strong as money does have its impact on the economy in the end. It believes that monetary form _or_ system of government does have a strong impact on the real economy, if one waits large time before observing the changes. Each of these schools believes that this effect is visible within the short run for a short period of time, which is a factor on which they both see eye to eye, but for unalike reasons. For the long term however, they both offer opposing views (Wickens, pp. 199, 2009). The classical model presents the view that monetary policy cannot affect the real economy and its macro factors, neither in the short run, nor in the long-run (Gali, pp 50-79, 2008). It states that nominal shocks, which are changes in the money supply and money demand, do not have any effect on the business cycle. This monetary policy is one of the tools that a government uses to control the economy, which it does by manipulating the money supply and circulation. According to the theory, when money supply changes, it affects price proportionately. However, there is no effect on the real variables in the economy, such as the real interest rate or the unemployment le vel in the economy. As mentioned above, the classical school does also believe that the money supply affects the real factors for a short period. However, it believes that actually soon, the price level adjusts to this change in money supply, thus making it ineffective to any real factors in the economy. This is apparent in the diagram below, which shows how the equilibrium reverts to normal after a temporary price shock (Abel and Bernanke, pp. 2005). In other words, it believes that the non-neutrality of money is short-lived, persisting over a period of insignificant length. Thus,

IPE Reflection Account Essay Example | Topics and Well Written Essays - 1250 words

IPE Reflection Account - probe ExampleNext was the egg prove wherein nobody wanted to take on the position of leading and the group did not have enough team work to support one another, so our experiment failed. We also watched videos of people from different professions helping in emergency cases and this made me realize how everyone can dedicate to ones healing no matter what profession he belongs to.Feelings I think it was well behaved to be able to listen to the views of other professionals as I learned more about their handle and how they view converse. I also learned about communication barriers such as having a impede like blindness or deafness and how that disabled person would really find it challenging to pop off his feelings, thoughts and ideas to others.I found the IPE sessions very enriching and fun, not to mention, an opportunity to meet other people from different professions that I may someday work with. I learned so much about the importance of communication and team work and know that the exercises will greatly impact how I would regard these two concepts as I practice my profession with other professionals.Evaluation In the Communication Workshop, the various kinds of communication we brainstormed on were overwhelming. It is not limited to just speaking and listening, reading or writing, but now includes a soldiery of other communication forms and media. However, in health services, most communication is limited to face-to-face since health professionals be in close contact with their patients/ clients, and with other professionals from different fields. Health care professionals need to see their clients in person to determine what the physical symptoms manifested by the patients/clients may mean.In my own group in the IPE, we kept on suggesting ways to solve the problem given to us, but since we were not so familiar with individually other yet, we were

Portfolio management Term Paper Example | Topics and Well Written Essays - 500 words

Portfolio management - Term Paper ExampleGenerally, it is believed that the beginning of portfolio tress started in 1952 after the Portfolio Selection hypothesis of Harry Markowitz was published. This is the theory that introduced Modern Portfolio Theory to the world and offered a framework intended to maximize returns at a certain volatility level, described as the bar deviation of returns. Currently, an amalgamation of various theories forms the foundation for the process of investment consulting. It is this process of investment consulting that formalizes investing and develops a blue print for constructing ones portfolio. Thus, the investors Financial Advisor must develop a blueprint for the investor on the basis of his/her needs and objectives, investment parameters as well as long-term summation allocation approach (McMillan & Pinto, 2011).After the strategic asset allocation has been developed, then, portfolio construction can start. As an brass of the process of portfolio construction, investment options should be assessed not in seclusion but as complements to one another(prenominal) and as important elements of a bigger whole. When constructed suitably, the entire portfolio must minimize single-manager risk while at the same time looking to make the most of portfolio-wide returns, which is facilitated by combining managers that display low diachronic correlation in addition to exhibiting different behaviors in various market environments. There are 4 vital steps in portfolio construction which include determination of objectives and goals, asset allocation, searching and selection of a manager and performance monitoring. The first step is determination of investment parameters and involves cash flow requirements, risk allowance of the investor, performance objectives, investment restrictions and time horizon. The second step is definition of investment strategy and consists of formulation of policy statement, risk optimization/reward

Finance and Accounting Essay Example | Topics and Well Written Essays - 1250 words - 1

Finance and Accounting - Essay ExampleBoth these ratios address the bankruptcy issue. tally to the calculated ratios, Qatar Telecoms liquidity position seems to be strong as compared to Vodafone in two the courses 2010 and 2011. Qatar Telecoms personal liquidity ratios have deteriorated in 2011, compared to 2010, but then rase the company has a stronger position as compared to Vodafone, which almost has ratiod proportion between its latest liabilities and its current assets. Vodafones personal current and acid test ratio has reduced in the year 2011 and it before long has a ratio of 0.491 and a 0.481 current and acid test ratio. appurtenance Ratios Gearing ratios analyze the proportion of debt to equity at heart the financing of a company. These ratios illustrate as to how much a company is financed via and how much via equity. A company having more loans and less equity is said to be super geared and is considered to be more risky but having said that, it can never be sta ted that a low geared company is good, since it is considered to be taking less initiative, whence a balance is to be maintained. According to the calculated ratios, Qatar Telecom is highly geared as compared to Vodafone. The ratios clearly illustrates that the Qtels debt financing is 1.59 times its equity financing. Qtel has reduced its debt financing by paying off some of its debt as compared to the year 2010 but this has not been a significant reduction. Qtels debts almost amount to 61% (0.61) of their total assets, hence it can be seen that the company has heavily relied upon debts. Vodafone on the other hand has too little debt financing and it can be seen from the ratios that the company prefers equity financing over debt financing. As...By June 2008, Vodafone received was awarded telecom operating certify within the country, making the company as the second mobile phone service provider within the country. Vodafone started its services within Qatar on 1st March 2009.This r atio provides an idea to the investors as to the return that that would condense from the company. The return on investing for Qtel has betterd and has increased by 1.79% (5.82-4.03). Vodafones return on investment has also improved but the companys losses would not be able to film them give any good to their investors.Since both the companies operate within the same sector, a fair equivalence between the surgical procedures of the two would be more fruitful. The best technique available to analyze the financial performance of both the companies would be to use ratio analysis. There are various ratios which can be apply to evaluate the performance. Following are the ratios which have been calculated to assess the financial performance of both the telecom service providers. From the ratios, it can be derived that the financial performance of Qtel is way better than Vodafone but it can be argued that Vodafone is still within its early and growing phase and that the company has s hown good prospects, hence it can improve with the passage of time.

Business law exam Case Study Example | Topics and Well Written Essays - 1000 words

Business rightfulness exam - Case Study ExampleThis definition alike ensures that the employer is protected against un lawfulnessful acts by employees, which cleverness jeopardize the welfare of the organization. The Rand formula This stipulates the requirement of the Canadian employment laws, requiring that all employees should pay the trade center dues and subscriptions, nonwithstanding their union membership status. The significance of The Rand formula for labor laws in Canada is to ensure that employees do not disassociate themselves with union membership through failing to pay the required dues, yet they benefit from the functions of the union. Wagnerism This is a provision of the law allowing employees in the private sector to engage in lawful labor practices, such(prenominal) as the establishment of labor unions, participating in lawful strikes and signing collective bargaining agreements with their employers. However, the law exempts certain employees from being consider ed eligible for Wagnerism, such as the domestic workers. The significance of Wagnerism for labor law in Canada is to give employees working under private sector the rights to exercise their freedom at the workplace, though deep down the confines of the law. Secondary picketing This refers to lawful protesting by employees in support of their union activities, in a opposite location that is not their employers premises. Secondary picketing allows the union members to undertake protests or demonstrations in favor of their union, where the employer has jam them from accessing the premises. The significance of secondary picketing for labor laws in Canada is to allow employees a channel through which they can declaim their grievances, on the event that their employer has blocked them from protesting within the employers premises. Part B Question 1 The authority of International compass Organization (ILO) is to set and oversee the adherence of the international standards of labor, a s well as fair working conditions and foothold, for employees globally. Thus, the ILO provides guidance for the acceptable labor standards, while advocating for the improvement of the working environment for the employees. The ILO also defines the relationship between employees and employers, with a focus on the rights and responsibilities of each party. The contact of ILO functions, on the Canadian Labor laws, is to streamline the laws so they match the required international standards and requirements. Question 2 The role of the arbitrator, as stipulated by the Canadian labor laws, is to intervene in the date between employees and their employers. Therefore, an arbitrator plays the role of resolving the conflict arising at the work place, or any other work related conflicts between the employer and employees. The functions and powers of the arbitrator were extensive by a court ruling, granting an arbitrator the powers to require specific performance from an employer or an empl oyee, depending on who is wrong. The impact of the Weber decision to the powers of the arbitrator is that it extended these powers, to allow an arbitrator change the collective agreement terms between the employer and the employee, as the arbitrator deems necessary. Question 4 The relationship between a union and its members is that of a contract. Therefore, the contract is established on the basis of the union receiving dues and subscriptions from the members, and in turn the union represents the interest