For decades, most franchising research leveraged one of three theoretical milestonesresource scarcity, agency theory, and plural form symbiosis-to answer questions about why, where, and how often firms use franchising. Today's franchising researchers are leveraging new theories, investigating under-examined aspects of franchising, and exploring contextual factors that shape its use. The articles in the special issue continue these "New Directions in Franchising Research." This introduction describes the three milestones that form the theoretical foundation for today's new directions, summarizes the special issue articles and their implications, and explains why entrepreneurship researchers are wellpositioned to advance knowledge about franchising. 1Franchising involves a long-term contractual agreement between two types of firms-a franchisor who has recognized an opportunity and created a new venture to exploit it and a group of franchisees who see value in the opportunity and purchase the right to replicate the venture in new geographic markets. When a firm grows its business concept through franchising, it gives up a great deal of control over outlets bearing its trademarks and it receives a relatively small fraction of revenues in return, so questions about why, and under what conditions, some firms use franchising has long been central to franchising research. Four decades of research has largely answered this question-i.e., franchising provides access to resources, franchisees require less (costly) oversight, and there are symbiotic benefits to having a mix of franchised and company-owned outlets