There are a number of giant franchise networks, (e.g., McDonald’s, Subway, Blockbuster and Century 21), that have reached invincible proportions – or so we may believe, given their level of size and brand awareness. This perception of invincibility is, however, often misplaced. Indeed, the business environment facing most companies, including the Ã¢Â€ÂœinvinciblesÃ¢Â€? of the franchising world, is actually exceedingly tough and challenging, and some fundamental changes to franchise business concepts have been made by many of the larger franchise networks to continue to sustain or improve their competitive advantage.
During the past year there are many examples of well-known franchise companies (or holding companies) featuring some type of issue surrounding profitability (e.g., UPS and GNC in the US, French Connection in the UK), sales (e.g., Papa Johns and Snap-on Tools in the US, Marks & Spencers in the UK), store closures (Krispy Kreme and Howard JohnsonÃ¢Â€Â™s restaurants in the US, Jean Coutu in Canada and McDonaldÃ¢Â€Â™s in Jamaica), or related crises (e.g., staff cuts).
In addition to internal factors there are a number of external factors franchisors have little to no control over that contribute to the current challenging operating environment. Competition is intensifying in many sectors. Technology is constantly creating new opportunities and threats. There are changes to the regulatory environment. Finally, customer tastes are also changing Ã¢Â€Â“ providing a moving target.
Dunkin Donuts – How to open a Franchise
How to open a Dunkin’ Donuts Franchise In case you hadn’t noticed, Dunkin Donuts is on fire lately. They are opening stores it seems everywhere and delivering up some of the best tasting donuts and coffee in the world. Founded in 1950, Dunkin’ Donuts is America’s favorite all-day, everyday stop for coffee and baked goods. […]
e² Young Engineers
Build Your Tomorrow. Today! CLICK HERE TO VISIT OUR WEBSITE Background: We are e² Young Engineers Young Engineers enrichment programs combine education + entertainment = edutainment. We created a variety of different programs that can be used to teach science, technology, engineering, math (STEM). Children joining our educational community can learn and enjoy arithmetic, physics, […]
Motiply Mobile App Business
Make Money – Start a MOBILE APP Business Mobile websites are hot and in demand like never before thanks to the explosion of mobile devices such as smartphones and tablets. Businesses are paying BIG money for mobile website and app design and now YOU can get a piece of the action! The With our training […]