Business Structure Liberalisation Of Australia And The Uk

1. Franchisees gain numerous advantage when they purchase a franchise. First, while a franchisee may be opening a new store, it is part of an already established business and system. This means a franchisee has access to turnkey operations, allowing an increased speed to establishing and growing the business. Franchisees also get support for management and training activities, as well as financial assistance. Going hand in hand with this, a franchise already has an established brand name, quality of goods and service which have been standardized across the franchisor’s larger company, and national advertising programs from franchisors. Franchises also have large-volume, centralized buying power. A franchise has proven products, and

Alternative 3:  General reduction in the number of independent dealerships (100) without granting any formal exclusive franchise.

Franchising agreement compare to licensing agreement tends to be longer and the franchisor offers a broader

Globalisation is not new. Australia has been involved in trade, investment, financial flows, technology transfers and the migration of labour since its foundation as a colony. What has changed is the size, direction and influence of these transfers, especially since 1980. There are a number of factors that have aided this transformation. They include:

This industry receives no government assistance and the level of regulation is high. Franchising operations are regulated through Federal and State Governments. A federal regulation that has greatly impacted this industry is the recent increase in minimum wage from $5.15 to $7.25. This of course means that the employment costs for establishments will significantly rise. In addition to this many states have enacted a minimum wage that is even higher than the federal rate. Currently seventeen states, including New York, New Jersey, Oregon and Washington, have enacted this regulation (Basham 17). And lastly, another compensation issue that continues to arise is the issue of healthcare.

And franchisors, by design, exert indirect control over their franchisees and franchisee’s employees by way of licensing out the operation of their brand. In traditional franchise agreements, the franchisee is an independent business owner with a license to use the franchisor’s trademarks and other intellectual property as part of a royalty or fee arrangement. The ruling, which states that “setting productivity standards” is a form of indirect control, understandably has franchisors and franchise attorneys seeking shelter.

The legal sector in the United States is changing along with many other industries. The law profession itself has become more separated from the “mega” law firms and the small locally owned ones; partnerships have become much more

The first choice of business is the franchise. In a franchise, legal binding agreement is entered into between two firms, the franchisor (the product or service owner) and the franchisee (the firm to market the product or service in a particular location). The franchisee pays a certain sum of money for the right to market this product” (Rubin, 1978, p.224). The franchising is more prevalent in the restaurant industry (Hoffman & Preble, 2003). The two distinct features of this business type include; first, in order to notable service components should

Macdonald’s offers a strict, but mutually beneficial franchising and licensing agreements that have a term of 20 years (McDonald’s, 2014). Before an individual obtains a franchise or a licensing opportunity, a careful scrutiny of the restaurant location must conform to expectation of future growth of the business. The scrutiny ensures long-term profitability of the restaurant. The process of setting up a restaurant is very thorough. The franchising and licensing agreement allows the corporation to have enough cash for further expansion. Expansion creates dominance and goes a long way to stamp authority as a

Electricity sector liberalization in Australia occurred within the wider context of the efforts for improving the competitiveness of the Australian economy, starting with financial deregulation over the 1970s and 1980s. In particular, the floating of the exchange rate subjected Australian exports, comprised mainly of agricultural and mining goods, to global competitive forces, whilst high tariff walls protected manufactured goods from competition. The inward focus of domestic industry led to declining standards of living, unemployment, inflation, and balance of payments deficits (Hodgeetal.,2004). This led the Hawke-Keating Labor government to setup an independent Committee of Inquiry into National Competition Policy for Australia in 1992, also known as the Hilmer Report (Hilmer,1993).

Globalization emerges in around 1700s which happens until now. It gives impacts to the developing of technology, economy, politic, and social. As time goes by, globalization gives a damaging impact to the world, one of it is on the security field. Geoffrey Till believes if globalization resulted a new paradigm for collaborative sea power which encourages a borderless economic world. Australia that has a strong economy power and located in a strategic location, it gives a benefit for Australia which is become a country that well positioned as a trade and investment base for international companies doing business with Asia. Hence, the security of seaborne trade of Australia is in menace. The concept that can be used to solve any risks that can

Globalisation and doing business globally are significant issues for contemporary organisations. Define what is meant by Global Business. Identify the stages in the phase model of globalisation and explain the strengths and weaknesses inherent in each.

Multinational companies opt to franchise as a way of expansion strategy (Siebert, n.d.). Chick-fil-A is dominant only in the US market. The firm has only ventured into the Canadian market in the airport of Calgary. Many United States Corporations have engaged in franchising in the United States as a form of the expansion strategy. Laws concerning franchising are neither strict in Canada. Our form of non-equity mode will be franchising, therefore our form of entry will be a small-scale entry. This will allow our company to get exposure in key locations and learn from Canadian consumers. The benefit to franchising at first is that it is less costly and less risky for the franchisor.

It has its advantages and disadvantages to franchise the business. It is a careful decision to make for anyone to invest a lot of money into a franchise and everyone should be comparing pros and cons.

Advantages & Disadvantages of Franchising Franchising is ‘a continuing relationship in which the franchisor (the owner of a company) provides a licensed privilege to the franchisee (the buyer) to do business and offers assistance in organising, training, merchandising, marketing, and managing in return for a consideration. It is a form of business by which the franchisor of a product, service, or method obtains distribution through affiliated dealers (franchisees).’ (http://www.business.gov) A franchise is essentially a replica of an existing business. When you purchase a franchise, you buy the rights to use the parent company's name and to sell its product or service in exchange for an up-front franchise fee and ongoing royalties, which