Assessing the Influence of Franchising System on the Development of Fast-Food Operation a Case Study of Mr. Biggs and Tantalizer Eatery Outlet in Ibadan, Oyo State
Student: Zainab Abisola Alalade (Project, 2025)
Department of Hospitality Management
Federal Polytechnic Ede, Osun State
Abstract
Franchising system is a specific business format, where a franchisor lends its trade name and business system to a franchisee in return for a fee. Franchising has become globally one of the most rapidly growing business strategies.Franchising is regarded as an important type of strategic alliance that provides competitive advantage to both partners when effectively established. The objectives of the study is to identify of franchising system in the hospitality industry, a total number of fifty (50) questionnaires were administered., while 48 was returned given 96% return rate. From the returned questionnaire simple percentage and correlation method was us to analysis the data. The findings of the study showed that (64.4%) of the respondent strongly agreed that franchising is the ability to achieve economies of scale by pooling resources and sharing best practice. The research concluded that franchising is commonly accepted as a win-win situation in tourism industry and the method of reducing investment risks, plus a cost-efficient systematic marketing. Pivoting on the indicators, it can be constructed that it a bona fide global growth strategy and very likely, a practical commercial system for boosting the business in tourism and hospitality of our time, it was recommended among others that government at various level should provide enabling environment for the proper growth of the industry by cushioning there startup capital through affordable loans. Keywords: Franchising System, Development, Fast Food Operation, Hospitality industry.
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For the full publication, please contact the author directly at: alaladeabisolazainab@gmail.com
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Institutions
- Lagos State University, Ojo, Lagos State 8
- Landmark University, Omu-Aran, Kwara State 1
- Lead City University, Ibadan, Oyo State 2
- Lens Polytechnic, offa, Kwara State. 227
- Madonna University, Elele, Rivers State 22
- Madonna University, Okija, Anambra State 2
- Mcpherson University, Seriki Sotayo, Ogun State 1
- Michael and Cecilia Ibru University, Owhrode, Delta State 1
- Michael Okpara University of Agriculture, Umudike 45
- Michael Otedola Col of Primary Educ. Epe, Lagos (affl To University of Ibadan) 8