When two parties go into a relationship, disagreements and disputes are inevitable. But franchisors don’t want to lose franchisees while franchisees don’t want to give up on their investment. So how can these two reconcile when conflict arises?
Augmented reality, an amalgamation of virtual reality and real life, is the latest technology to provide an immersion environment that can be controlled without traditional physical button-pressing techniques.
Acquiring a franchise is a big decision. Obviously, it is a decision that shouldn’t be made lightly, much less under-estimate certain aspects from the start which could leave you unprepared and have major implications in the following months after your grand opening.
RegionF recently conducted an interview with FLA Singapore Chairman, Donna Lee. In the interview, Ms. Lee discusses about Singapore’s franchising environment and the association’s role in moving forward. Here’s what we got.
As always, there are two sides to every decision that has to be made — advantages and disadvantages. While this isn’t a checklist to determine whether multi-unit franchising is to your taste, it might provide a clearer picture of the pros and cons of what you could be getting yourself into.
Rising middle-class spending in emerging economies will create wide-ranging opportunities, but as the patterns of middle-class spending growth are diverse, companies will need to fully understand the target market and adapt their business strategies accordingly.