I think this is a really interesting idea that could possibly bring a lot of help to the developing parts of the world. Something as simple as talking to a doctor over the phone could potentially save hundreds of lives. Even though the people doing the microfranchising and social franchising aren't exactly turning a profit, I think it is incredible to think that people would be able to help the world in such a large way by going home to home giving out medicines and vaccines. After reading this article, I think that this sector of franchising is going to grow rapidly and should grow rapidly because of how large of an impact it could have on diseases in the poorer countries.
Franchising is definitely a powerful business model and this idea could certainly bring plenty of jobs to the developing world. The idea behind living goods for example is awesome. He is taking the idea behind franchising with a common, organized, and efficient plan and using it to maximize the results and success of his company. I have a feeling this sector of franchising will greatly increase in the near future because there are a lot of humanitarians and people that would sacrifice personal well being for the good of others. With that being said these people could franchise living goods and take a successful idea into other developing countries. This would create organization for a very confusing are of work and the results could be incredible.
Interesting concept, if this proves to be successful, then a broader range of entrepreneurs trying to get involved in the process of changing people’s lives could move into different business models like micro franchising. I think the topic of this article isn’t about helping society, but it is mostly about how versatile the franchising system really is. I find this to be a step forward in franchising and how it is trying to get away from the stereotype of just restaurant franchising because when you think “franchising” your mind inevitably thinks about McDonald’s and other fast food franchises. This article provides a strong argument to show business driven people that franchising is a complex system that strives for efficiency and standardization of a great variety of services and products and not just food. In the article Kassalow mentions how he just wants to show that his business model can be successful so that bigger companies are motivated into getting their hands in the process of helping society through micro-franchising, as he believes this is the most efficient business model for helping millions of people.
After reading this article and Mark's post I agree with what he believes. I believe that the idea planted is very good because it can bring alot of help to the world, especially the ones in need. I think its exemplar to see the people working in the areas of microfranchising and social franchising recieve cero income but do it for the sake of the final result. I also believe that this sector is going to grow very quickly due to the amount of help that it provides while there is so much help needed.
I agree with many of things my classmates have posted within this thread. But Alicia said something that is very true about this article: "I think the topic of this article isn’t about helping society, but it is mostly about how versatile the franchising system really is. I find this to be a step forward in franchising and how it is trying to get away from the stereotype of just restaurant franchising because when you think “franchising” your mind inevitably thinks about McDonald’s and other fast food franchises."
In this article they mention the facility of helping people through franchising. People can be helped in many other way but they chose to promote the franchising method because it gives an opportunity to unknown entrepreneurs to make a change in their lives and do something drastically different than what they're use to. The franchising system can be profitable, not only with money but by accomplishing goals.
The only thing that I fear is the safety of the entrepreneurs or franchisees when they are going from house to house or village to village. In developing countries there aren't the same security standards that are enforce in developed countries. They would be risking there lives for a better living. The reality is that it would be better than their current state of being but it can also ruin the reputation of the franchise model if there are harmful consequences to franchisees.
Social franchising is similar to traditional franchising, but are set up not to have the highest profits, which may drive away many people into getting into this type of business. However, I think it is very important for this style of franchising for the developing countries because in some places it is crucial for many people's survival (for example, many African nations that need health care). I believe within the next few years social franchising is going to become a bigger industry due to the fact that it is built on a foundation that far extends the traditional business.
I think this is a really interesting idea that could possibly bring a lot of help to the developing parts of the world. Something as simple as talking to a doctor over the phone could potentially save hundreds of lives. Even though the people doing the microfranchising and social franchising aren't exactly turning a profit, I think it is incredible to think that people would be able to help the world in such a large way by going home to home giving out medicines and vaccines. After reading this article, I think that this sector of franchising is going to grow rapidly and should grow rapidly because of how large of an impact it could have on diseases in the poorer countries.
ReplyDeleteFranchising is definitely a powerful business model and this idea could certainly bring plenty of jobs to the developing world. The idea behind living goods for example is awesome. He is taking the idea behind franchising with a common, organized, and efficient plan and using it to maximize the results and success of his company. I have a feeling this sector of franchising will greatly increase in the near future because there are a lot of humanitarians and people that would sacrifice personal well being for the good of others. With that being said these people could franchise living goods and take a successful idea into other developing countries. This would create organization for a very confusing are of work and the results could be incredible.
ReplyDeleteInteresting concept, if this proves to be successful, then a broader range of entrepreneurs trying to get involved in the process of changing people’s lives could move into different business models like micro franchising. I think the topic of this article isn’t about helping society, but it is mostly about how versatile the franchising system really is. I find this to be a step forward in franchising and how it is trying to get away from the stereotype of just restaurant franchising because when you think “franchising” your mind inevitably thinks about McDonald’s and other fast food franchises. This article provides a strong argument to show business driven people that franchising is a complex system that strives for efficiency and standardization of a great variety of services and products and not just food. In the article Kassalow mentions how he just wants to show that his business model can be successful so that bigger companies are motivated into getting their hands in the process of helping society through micro-franchising, as he believes this is the most efficient business model for helping millions of people.
ReplyDeleteAfter reading this article and Mark's post I agree with what he believes. I believe that the idea planted is very good because it can bring alot of help to the world, especially the ones in need. I think its exemplar to see the people working in the areas of microfranchising and social franchising recieve cero income but do it for the sake of the final result. I also believe that this sector is going to grow very quickly due to the amount of help that it provides while there is so much help needed.
ReplyDeleteI agree with many of things my classmates have posted within this thread. But Alicia said something that is very true about this article:
ReplyDelete"I think the topic of this article isn’t about helping society, but it is mostly about how versatile the franchising system really is. I find this to be a step forward in franchising and how it is trying to get away from the stereotype of just restaurant franchising because when you think “franchising” your mind inevitably thinks about McDonald’s and other fast food franchises."
In this article they mention the facility of helping people through franchising. People can be helped in many other way but they chose to promote the franchising method because it gives an opportunity to unknown entrepreneurs to make a change in their lives and do something drastically different than what they're use to. The franchising system can be profitable, not only with money but by accomplishing goals.
The only thing that I fear is the safety of the entrepreneurs or franchisees when they are going from house to house or village to village. In developing countries there aren't the same security standards that are enforce in developed countries. They would be risking there lives for a better living. The reality is that it would be better than their current state of being but it can also ruin the reputation of the franchise model if there are harmful consequences to franchisees.
Social franchising is similar to traditional franchising, but are set up not to have the highest profits, which may drive away many people into getting into this type of business. However, I think it is very important for this style of franchising for the developing countries because in some places it is crucial for many people's survival (for example, many African nations that need health care). I believe within the next few years social franchising is going to become a bigger industry due to the fact that it is built on a foundation that far extends the traditional business.
ReplyDelete