Our current situation is deeply unsettling. Both franchisors and franchisees are facing many obstacles, including ensuring the businesses they have put their blood, sweat, and tears into continue to stay afloat. Here are the highlights insight from Zoom Webinar programme which focussed on franchise crisis management during the pandemic Covid-19. It was organised for the…
Change or lose in a new franchise development world So why can’t franchise development teams simply do what they’ve always done and expect to see even better results? Because historical lead channels have focused on channeling existing demand, but this new world requires generating demand and establishing a powerful, values-based brand position. Trade shows, online…
It is safe to say most businesses affected by the current crisis will have more demand in the second half of 2020 than they do right now. However, by letting this scenario play out, there are at least three problems. First, the current productivity of your business and employees is considerably low, forcing you to…
Even before a global pandemic transformed our world, the restaurant industry was challenged. After a small, but hopeful start to the year, the Covid-19 outbreak occurred and likely changed the industry forever. While the pre-pandemic reasons seemed easy to identify – increasing competition, declining guest counts, the emergence of third-party delivery, unpredictable millennials, just to name a…
For a society to be innovative, it is mandatory to come out of the fragmented Education system. A society needs to go from just studying via books to a more hands-on approach and look to solve real-world problems from scratch. While AI may not ever be able to truly replace human grading, it’s getting pretty…
In India, the Franchising community has never experienced a crisis like this, the immediate effects are apparent with the shutdown of pre-schools, K12 schools, food outlets, retail shops, salons; all of them heavily franchised owned and operated. Here we present 8 major challenges that franchising network will face during COVID-19: Cash Flows As the global response to coronavirus evolves,…
If there is anyone who can add enormous value to a stressed franchisee at this time, it is their field manager (or whatever you call this role in your network). I have particularly noticed high-caliber field managers focusing on three important areas: 1) emotional resilience, 2) financial management, and 3) operational effectiveness. Here are 9…
Covid-19 has disrupted manufacturers’ ability to produce and fill product orders on a timely basis, impeding the performance of countless supply chains, including cross-border product distribution. Manufacturers, operators, and their suppliers are unable to satisfy or are being significantly delayed in fulfilling their contractual obligations to their distributors, franchisors, franchisees, and other customers, requiring businesses…
PAUL ANG BENG TECK PAUL ANG BENG TECK is the owner and founder of LaundryBar, also Group Managing Director / Chief Executive Officer of The City Coin Group. Paul who was appointed acting Group CEO on Aug 1, 2014 was confirmed to the position following a board of directors meeting on Nov 20, 2014. Born…
Covid-19 has disrupted manufacturers’ ability to produce and fill product orders on a timely basis, impeding the performance of countless supply chains, including cross-border product distribution. Manufacturers, operators, and their suppliers are unable to satisfy or are being significantly delayed in fulfilling their contractual obligations to their distributors, franchisors, franchisees, and other customers, requiring businesses…
