A recent study reports that thesuccess rate of franchiseesincreases when a franchisesystem requires franchisees toactively manage theiroperations. *O FalseO True

Process strategy is a design of decision making in different processes so as to be best among…

Answered: A recent study reports that the success…

A recent study reports that the success rate of franchisees ncreases when a franchise system requires franchisees to actively manage their pperations. *

Principles of Management

OER 2019th Edition

ISBN:9780998625768

Author:OpenStax

Publisher:OpenStax

Chapter8: Strategic Analysis: Understanding A Firm’s Competitive Environment

Section: Chapter Questions

Problem 6CRQ: What are firm resources and capabilities, and what information does VRIO provide about them?

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Concept explainers

Venture Development Process

To create a startup company around a licensed university technology is referred to as venture development. A venture development firm can assist entrepreneurs in identifying and developing a prospective commercialization strategy, be an incubator, test target market assumptions, recruit university and non-university innovative resources and talented team members, and obtain early-stage finance. Commercialization grants, internal and external small business owners, governmental and local finance systems, and private funds are all possible sources of funding. This activity, when combined with strong intellectual property resources, accelerates early commercialization efforts and better prepares university-affiliated business owners for other types of funding.

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A recent study reports that the
success rate of franchisees
increases when a franchise
system requires franchisees to
actively manage their
operations. *
O False
O True

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