Being a franchisor seems to be a mechanism for growth, but what are the growth prospects for entrepreneurs that are franchisees? Isn't the entrepreneur limited in his or her ability to pursue all the different types of growth strategies? Is being a franchisee simply substituting one type of employment for another type of employment? How can a franchisee grow his or her business(es)?
Recently the Chinese government has been encouraging foreign firms to enter into joint venture relationships with local (Chinese) firms. What are the benefits to the Chinese economy from these joint venture relationships? What are the benefits to the local Chinese firm? What are the benefits to the foreign firm? What is the impact of the joint venture on the foreign firm's domestic economy?
Identify a local franchise in your area, and determine where the competitors are located and where other franchises from the same organization are located. Evaluate the existing potential for the franchise.
Why are there so many different techniques for determining the worth of a firm? In any given situation, is there one "right answer" for a company's value? What effects do your answers to these questions have on the entrepreneur making an acquisition?
