Discuss Role of an entrepreneur of an organisation- Business Management
Assume the position of an entrepreneur of an organisation that sells items or providers to the general public. You wish to broaden with out the capital prices of establishing extra stores and hay have determined to discover the likelihood of increasing by franchising. Present a short description of the enterprise and set out a proposed technique for establishing a franchise system for that enterprise. Based mostly on the literature about franchising, deal with the next points in your proposed franchising system: • The key components to contemplate when embarking on the franchise mode of distribution • The methods that you’ll be planning with respect to the next elements of the franchise relationship: funds, promotion and relationship dynamics.. • How ought to potential conflicts between the franchisor and the franchisees be minimised when the franchise system is about up and the way may surprising conflicts be dealt with in the event that they do come up later?
