Good Morning, Vietnam! Opportunities and Challenges in a Developing Franchise Sector

Binh, Nguyen Ba; Terry, Andrew

doi:10.1080/1046669x.2011.558831

Cited by 11 publications

(9 citation statements)

References 1 publication

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“…The findings support the work of Binh and Terry () that poor infrastructure impedes the operations of franchise firms.…”

Section: Methodssupporting

confidence: 85%

“…Alharbi (), in a related study, indicates that the lack of financial assistance from financial institutions to prospective franchisees is a major problem faced in franchising in most developing markets. Moreover, Binh and Terry () add that poor infrastructure impedes the operations of franchise firms. They view infrastructure to consist of transporting facilities, training facilities, and the capital needed to make the franchise worthy of investment.…”

Section: Challenges Of Franchisingmentioning

confidence: 99%

“…They emphasize that the lack of skilled labor in specific markets affects the operations of franchise negatively. A research by Binh and Terry () found that a lack of business experience as well as poor management and control ability are the main challenges of franchising. The Political and legal environment may also pose as a major challenge to franchising (Morschett, Schramm‐Klein, & Zentes, ).…”

Section: Challenges Of Franchisingmentioning

confidence: 99%

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Franchising in African markets: Motivations and challenges from a Sub‐Saharan African country perspective

Kastner

Mahmoud

Buame³

et al. 2018

Thunderbird Intl Bus Rev

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The purpose of this article is to explore and understand the motivations and challenges of franchising in an African economy. While interest in franchising is increasing in African markets, there is a paucity of research on franchising from the perspective of local African firms participating in these international relationships. The motivations and challenges of franchising from the perspective of African businesses have not been largely investigated so far. Using in‐depth interviews, we allow motivations and challenges at play to emerge. Convenient and snowball sampling techniques were used for choosing the unit of analysis, which resulted in four respondent firms. A thematic approach was adopted for analyzing the data from the field. Support services, brand name, and franchisor's experience are identified to be the motivations for franchising. Financial assistance from the franchisor, demand, and competition also play a key role in an African firm's decision to franchise. Legal constraints and infrastructure constraints were the key challenges faced by franchisees in Ghana. The findings of this study may hold for franchisees in other African markets. However, contextual differences may be considered in the application of these findings.

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“…The findings support the work of Binh and Terry () that poor infrastructure impedes the operations of franchise firms.…”

Section: Methodssupporting

confidence: 85%

Section: Challenges Of Franchisingmentioning

confidence: 99%

Section: Challenges Of Franchisingmentioning

confidence: 99%

See 1 more Smart Citation

Franchising in African markets: Motivations and challenges from a Sub‐Saharan African country perspective

Kastner

Mahmoud

Buame³

et al. 2018

Thunderbird Intl Bus Rev

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show abstract

“…After the end of the Vietnam War in the 1970s, the Socialist Republic of Vietnam (SRV) was entirely isolated from the outside world, because of trade embargoes from the United States and most of Europe (Binh & Terry, 2011;Paswan & Tran, 2012). This isolation restricted Vietnam's economic activities (Binh & Terry, 2011). Consequently, Vietnam's economy suffered from severe deficiencies and shortages of commodities under the centrally-planned government mechanism (Kadomae, 2012).…”

Section: Introductionmentioning

confidence: 99%

“…Consequently, Vietnam's economy suffered from severe deficiencies and shortages of commodities under the centrally-planned government mechanism (Kadomae, 2012). Vietnam's government continued to pursue a closed, subsidized, bureaucratic, and centrally-planned economy until the mid-1980s (Binh & Terry, 2011). In addition, all business activities in Vietnam were controlled by the state and involved the entire production and distribution chain, which prohibited the existence of private enterprises (Vann, 2005;.…”

Section: Introductionmentioning

confidence: 99%

Assessing the challenges and opportunities for small and medium enterprises (SMEs) in the Vietnamese apparel retail market

Lee

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First and foremost, I would like to thank God, because without His guidance, the completion of my master's degree would not have been possible. God is always my strength and gives me the discipline to help me maintain patience during this hard process. I would like to thank my family for their support, understanding, and encouragement. Their overwhelming love and constant support have been the driving force in the completion of my master's degree. My appreciation cannot be fully expressed in words. I love my family so much. I would like to express my deepest appreciation to my advisor, Dr. Linda Niehm. Without her insightful advice and her devotion of time, I would not have successfully completed this study. She is a great scholar and mentor to me. I would also like to thank my committee members, Dr. Jessica Hurst and Dr. E. Kwan Choi, for their helpful suggestions and encouragement to improve my thesis. I would like to extend my thanks to many of my Vietnamese friends and my uncle who helped me to collect data, especially my friends Long Pham, Tran Quang Quynh Tran, Tam Do Thi, Thanh Thi Huynh, and my uncle Pil Soo Cho. Finally, I would like to thank all people who participated in this project, because without you, I would not have been able to complete my research. I truly am grateful for your time, insights, thoughtfulness, and openness.

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Development Prospects for Franchising in Southeast Asia: A Review and Outlook

Grünhagen

Terry

2016

Leadership, Innovation and Entrepreneurship as Driving Forces of the Global Economy

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Good Morning, Vietnam! Opportunities and Challenges in a Developing Franchise Sector

Cited by 11 publications

References 1 publication

Franchising in African markets: Motivations and challenges from a Sub‐Saharan African country perspective

Franchising in African markets: Motivations and challenges from a Sub‐Saharan African country perspective

Assessing the challenges and opportunities for small and medium enterprises (SMEs) in the Vietnamese apparel retail market

Development Prospects for Franchising in Southeast Asia: A Review and Outlook

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