Understanding Franchises: Benefits, Drawbacks, and Communication
Understanding Franchises
A franchise is a contract between two parties: a company or professional (the franchisor) and another company (the franchisee). The franchisor grants the franchisee the right to operate their system of product marketing in exchange for payment. This can be summarized in three activities: developing a product, creating a brand, and establishing a method of exploiting the branded product.
Key Contributions and Considerations
The franchisor provides a product or service that is
Read MoreSocial Research Process: Fieldwork, Analysis, and Reporting
Continuing Contact with the Applicant During Fieldwork
Contacts with the applicant can be maintained throughout the fieldwork, especially when it comes to qualitative practices. During initial interviews or discussion groups, changes to the script or even the design of the practices may be proposed. These changes should only be undertaken with the explicit agreement of the applicant. The open nature of qualitative practices allows for such adjustments.
Multi-Method Research
When conducting multi-method
Read MoreSoftware Development: Key Elements for Success
Staff
The need for personnel for the development of highly trained and motivated software has been with us for a long time. In fact, the “human factor” is so important that the Software Engineering Institute has developed a maturity model capability personnel management “to increase software development organizations to carry out increasingly complex applications by helping to attract, grow, motivate, deploy and retain talent to improve their software development capability”.
Product
Before you can
Read MoreStrategic Management: Key Concepts and Frameworks
Strategic Leadership and Management
Strategic Lead: Creating competitive advantage through effective management of the strategy-making process.
Strategic Managers: Bear responsibility for a company’s overall performance or for one of its major self-contained subunits or divisions.
Functional Managers: Responsible for supervising a particular function, task, activity, or operation.
Multidivision Company: Competes in several different businesses and has a separate self-contained division to manage each.
Read MoreManagement Accounting: Types, Objectives, and Stakeholders
Introduction to Management Accounting
Accounting aims to disclose financial and economic activity and its consequences to third parties.
Financial Accounting
Financial Accounting: Records, classifies, analyzes, and summarizes financial transactions between a company and the outside world. It periodically reports on the company’s assets and results, adhering to generally accepted principles. It uses standardized, objective, and easily interpretable language. It is primarily historical, ensuring greater
Read MoreDecision-Making and Program Implementation in Organizations
Understanding Rationality in Decision-Making
At the very least, the following should be considered:
- Shares must have an objective criterion available if everyone is reasonable.
- Preferences are unambiguous, explicit, and stable.
- It behaves as pure intellect.
- Know or can know all possible alternatives.
Global Rationality Model Considerations
In the model of global rationality, the following elements must be taken into account:
- Information is scarce and of poor quality. Obtaining new data costs time and money,