Entrepreneurship, Franchising and Small Business.

Introduction to Business Assignment #01: On Chapter #3 #4 Chapter #3: Entrepreneurship, Franchising and Small Business. 09. Why would a person want to own a franchise of a major well-known franchisor? 10. What is an intrapreneur? Why do some firms encourage intrapreneurship? Chapter #4: Social Responsibility and Business Ethics. 09. Why is insider trading illegal? Chapter#3: Entrepreneurship, Franchising and Small Business Question #09: Why would a person want to own a franchise of a major well-known franchisor? Answer: While many people desire to open and operate their own independent business, there are quite a few obstacles that most face. Starting a business from scratch can be very intimidating and most†¦show more content†¦Minimized Business Risks Because the franchisee is buying a proven business concept, the business risks involved are largely minimized. The parent company has already resolved most, if not all, of the problem areas in its systems and procedures. What the franchisee is getting is a refined package of technical expertise, marketing strategies, and operational systems. There are many advantages to be found in buying a franchise that make starting your own business that little bit easier. When faced with starting your own business it can sometimes be the simple solution. Some well-known Franchisor – [pic] [pic] [pic] [pic] [pic] [pic] [pic] [pic] Chapter #3: Entrepreneurship, Franchising and Small Business Question #10: What is an intrapreneur? Why do some firms encourage intrapreneurship? Answer: An employee who takes responsibility for developing an innovative idea into a marketable product is known as an intrapreneur. Intrapreneurship is an independent and daring management concept and has worked very successfully in small and new business organizations. [pic] Innovative corporate management style encourages employees within an organization to create new product ideas. If employee ideas are approved, management will finance research and development of the product while sharingShow MoreRelatedGlobal Business : Franchising Of Brazil1713 Words   |  7 PagesGlobal Business - Franchising in Brazil 1. Country Background 1.1 Brazil - Federative Republic of Brazil 1.2 Neighboring countries include Argentina, Bolivia, Colombia, French Guiana, Guyana, Paraguay, Peru, Suriname, Uruguay, and Venezuela (â€Å"Country Report – Brazil,† 2015). 1.3 The territorial size of the country is 8,515,800 sq. km 1.4 Brazil’s population is 201,032,714 (â€Å"Country Report – Brazil,† 2015). 1.5 Brazil’s political system is a federal republic and its Constitution confers powers toRead MoreHow Does Tight Control Stifle Creativity Innovation Creativity, Innovation And Entrepreneurship1727 Words   |  7 PagesIt is an indisputable fact that the management style becomes an important way to measure the successes of business performance. In order to enhance the competition of a company, manager needs to focus on creativity, innovation and entrepreneurship. In fact, the different type of control styles can be provided for separate level of employees. In many big companies, they apply tight control, for example McDonald’s uses democratic leadership and achieve high production efficiency by imposing pressureRead MoreEssay Entrepreneurship1567 Words   |  7 PagesDescribe the term Entrepreneurship and the challenges of starting a small business Entrepreneurship is the dream of a lifetime for most individuals. The idea of being in control on ones financial future by establishing, owning, and operating their own business has driven most individuals in the direction of Sole Proprietorships. Most plunge in looking at the advantage and over looking the disadvantage and challenges of Sole Proprietorships. 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B ackground of the study Franchising is often defined as being in business for yourself but not by yourself. It is route to expansion where there is a franchisor and a franchisee that enters into a franchisee agreement, although both parties have a contractual relationship, one that enhances and sustains the success of franchising. It gives the business a distinct ability to expandRead MoreEconomic Impact Of American Fast Food Upon Developing Countries Essay1736 Words   |  7 Pagesinstitutions, and a market economy. Countries that benefit the most from globalization are found to be of high-growth. The integration of a global economy in a country has prompted entrepreneurs to regard the world as one market in the form of franchising. With that being said, economic success can measure the effects of Western commercial globalization from the results of American fast food franchise. Innovations in technology and society have eradicated the difficulties with communication betweenRead MoreComplete A Mindmap On The Importance Of Business To The1258 Words   |  6 Pageson the importance of business to the Australian economy. In workbook Discuss the main roles of business. The main role of a business is to produce goods and services to satisfy consumers demand in order to make a profit. Construct a series of flowcharts to show the interrelationship between producers and consumers. Explain how business has an economic and social importance in Australia. In your answer refer to innovation, quality of life, employment, incomes, entrepreneurship, choice, and wealth