Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Remove Barriers To Franchise Sector To Boost Asian Growth


Wednesday 6th February 2013

Remove Barriers To Franchise Sector To Boost Asian Growth - Business School

The University of Sydney Business School has launched a two year research project to identify the structural, regulatory, commercial and legal barriers to franchising in South East Asia and develop a strategy to stimulate the growth of the sector across the region.

Franchising, which began in the United States and now delivers goods and services from hamburgers to office printing to almost every corner of the globe, is yet to make major inroads into less developed nations including Cambodia, Laos, Vietnam and Indonesia.

The Business School project, funded by the Australian development assistance agency, AusAID, will audit conditions affecting the franchise sector in individual nations and across the region.

A research team, led by the Business School’s Professor of Business Regulation, Professor Andrew Terry, will also make recommendations on ways of improving the local and regional environment for franchised businesses.

“The franchise business model can make a significant contribution to economic development through the small to medium sized enterprise (SME) sector, said Professor Terry.

“Franchising gives small business access to the world’s biggest brands, it introduces new business systems, takes customer service to a new level, provides much needed training and leads to a new way of thinking about the best way to do business,” Professor Terry said.

“Franchise networks can also take advantage of their buying power to put downward pressure on the price of stock which flows through to the consumer.”

“While McDonalds, 7 Eleven and Kentucky Fried Chicken are very well known franchisors, there is hardly a product or a service that isn’t franchised these days,” added Associate Professor Nigel Finch, another member of the Business School team. “Accounting, post, gardening, real estate and many other services are now available from franchise operators.”

“Worldwide, franchise businesses generate thousands of billions of dollars each year and we believe that business in our region ought to be sharing in that wealth,” Associate Professor Finch said. “But, unfortunately, the sector in South East Asia faces structural, cultural, regulatory, commercial and legal barriers.”

For example, Professor Terry says that contract law and intellectual property protection are major challenges in a number of South East Asian nations. “Franchisors and franchisees want to know that contracts between them are enforceable and that their IP is safe,” he said.

In addition to working with governments and businesses in individual nations, the researchers will consult with the Secretariat of the Association of South East Asian Nations (ASEAN) on a strategy to deliver uniform conditions for the franchise sector across the region.

“Franchising cannot turn a bad business into a good business,” Professor Terry concluded, “But, it can turn a good business into an even better business through branding, training and ongoing support.”

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Cosmetics & Pollution: Proposal To Ban Microbeads

Cosmetic products containing microbeads will be banned under a proposal announced by the Minister for the Environment today. Marine scientists have been advocating for a ban on the microplastics, which have been found to quickly enter waterways and harm marine life. More>>

ALSO:

NIWA: 2016 New Zealand’s Warmest Year On Record

Annual temperatures were above average (0.51°C to 1.20°C above the annual average) throughout the country, with very few locations observing near average temperatures (within 0.5°C of the annual average) or lower. The year 2016 was the warmest on record for New Zealand, based on NIWA’s seven-station series which begins in 1909. More>>

ALSO:

Farewell 2016: NZ Economy Flies Through 2016's Political Curveballs

Dec. 23 (BusinessDesk) - New Zealand's economy batted away some curly political curveballs of 2016 to end the year on a high note, with its twin planks of a booming construction sector and rampant tourism soon to be joined by a resurgent dairy industry. More>>

ALSO:


NZ Economy: More Growth Than Expected In 3rd Qtr

Dec. 22 (BusinessDesk) - New Zealand's economy grew at a faster pace than expected in the September quarter as a booming construction sector continued to underpin activity, spilling over into related building services, and was bolstered by tourism and transport ... More>>

  • NZ Govt - Solid growth for NZ despite fragile world economy
  • NZ Council of Trade Unions - Government needs to ensure economy raises living standards
  • KiwiRail Goes Deisel: Cans electric trains on partially electrified North Island trunkline

    Dec. 21 (BusinessDesk) – KiwiRail, the state-owned rail and freight operator, said a small fleet of electric trains on New Zealand’s North Island would be phased out over the next two years and replaced with diesel locomotives. More>>

  • KiwiRail - KiwiRail announces fleet decision on North Island line
  • Greens - Ditching electric trains massive step backwards
  • Labour - Bill English turns ‘Think Big’ into ‘Think Backwards’
  • First Union - Train drivers condemn KiwiRail’s return to “dirty diesel”
  • NZ First - KiwiRail Going Backwards for Xmas
  • NIWA: The Year's Top Science Findings

    Since 1972 NIWA has operated a Clean Air Monitoring Station at Baring Head, near Wellington... In June, Baring Head’s carbon dioxide readings officially passed 400 parts per million (ppm), a level last reached more than three million years ago. More>>

    ALSO:

    Get More From Scoop

     
     
     
     
     
     
     
     
    Business
    Search Scoop  
     
     
    Powered by Vodafone
    NZ independent news