LUMANOG, Zacchaeus R.

3ABE

1) Discuss FRANCHISING from the point of view of the Franchisee and the Franchiser.
A franchisor is more concerned with how an individual franchisee can
integrate into their company as a whole and not necessarily how (although that's
still relevant to them) the particular franchise will function on a daily basis. The
franchisee, meanwhile, cares almost entirely about that person's success.
As a franchisee, you are focused on ensuring that your particular business is
as successful as possible. A productive franchisee must have a high level of energy.
With an immense amount of work, at least for the first year or two of operations, a
franchisee may expect a slim salary. So, in addition to a high level of energy, a
certain resilience is also required.

2) Research the latest Top 10 Countries by GDP.

1. United States: $20.4 trillion
2. China: $14.0 trillion
3. Japan: $5.1 trillion
4. Germany: $4.2 trillion
5. United Kingdom: $2.9 trillion
6. France: $2.9 trillion
7. India: $2.8 trillion
8. Italy: $2.1 trillion
9. Brazil: $2.1 trillion
10. Canada: $1.7 trillion

3) There are several factors that needs to consider in selecting a global service strategy.
Choose one and discuss/explain.
The cultural gap will decide whether or not the organization is efficient.
There's no need to go sailing if the product or service doesn't add value or satisfy
the local markets' needs! An intimate knowledge of who lives in the community and
what they value is important.
 It is incredibly necessary to know how to do business within the "local"
markets. Do not underestimate the consequences of variations in culture. In order to
pursue an overseas venture, you must be able to spend considerable time and
resources. Seek to understand the society first.
4) Recall that service operations can be classified as processing people, goods, or
information. What challenges are faced in each category when globalization is
undertaken?
Any service activity, whether it is handling goods, information or
communicating with individuals, faces a range of challenges in global expansion.
The pressure on market potential and the need to defend service ideas from rivals
by creating barriers to entry, an organization needs to provide creative products
and services. Various methods for businesses to develop domestically and expand
internationally have evolved from time to time.