A-Z Of Franchising: A Is For Accountability

As an aspect of governance, accountability is the acceptance and acknowledgement of responsibility in agreement with another party(s). In a franchise environment, accountability protects the franchise system from internal and external vulnerabilities by applying checks and balances.

Related: 3 Ways To Instil Accountability Within A Franchise System

franchise-facts-accountability

The franchisor is accountable for providing assistance and transferring the necessary knowledge to setup and operate the franchise business, while the franchisee is accountable for operating and maintaining the franchise business in accordance with the required standards.

See more franchise facts at A-Z Of Franchising!


You might also like...