INTRODUCTION
Franchise business is an attractive business for small and medium enterprises (SMEs). The business format of franchise requires the relationship between franchisors and franchisees, as savvy entrepreneurs to take up the challenges of self employment. In Thailand franchise business has been initiated since 1983, it is the main contributor of income and potential to the economy of Thailand. In the economic environment, both franchisors and franchisee can provide a variety of benefits to their business. This study selected the franchisees food and beverage industry to be the sample of the study. This industry has been highly competitive in the franchise business. On the other hand, each year the number of franchises is increasing but at the same time the number of franchise closure is also increasing [1]. One of the main reasons for the closure of the franchisee in Thailand is due to the poor relationship between franchisor and franchisee [2]. This is similar to franchisors who are not concerned with developing the already established franchisees [3]. Thus, the increase in the failure rate of franchisor is due to the dissatisfaction amongst the franchise holders. Despite franchisee satisfaction is related to franchisee buying behavior, there have been limited attempts to evaluate empirically the factors which contribute to a satisfactory franchise relationship, particularly from the perspective of franchisees and identifies the final stage of the buying process [4]. Therefore, franchisee satisfaction as the biggest predictor of whether a franchisee will recommend their franchisor to a prospective franchisee that is their level of satisfaction with their performance [5]. Thus, this study proposed that relationship marketing contributes positively to franchisors’ performance. Furthermore, this study tests the media effect of perceived franchisor support on the relationship between relationship marketing and franchisors’ performance. The results show the strong relationship between the franchisor marketing strategy variables and franchisors performance of which is perceived by franchisee satisfaction. The findings are meaningful and useful to small and medium enterprises involved in franchise businesses. These are important and critical knowledge to the success of franchise.
INTRODUCTION
Franchise business is an attractive business for small and medium enterprises (SMEs). The business format of franchise requires the relationship between franchisors and franchisees, as savvy entrepreneurs to take up the challenges of self employment. In Thailand franchise business has been initiated since 1983, it is the main contributor of income and potential to the economy of Thailand. In the economic environment, both franchisors and franchisee can provide a variety of benefits to their business. This study selected the franchisees food and beverage industry to be the sample of the study. This industry has been highly competitive in the franchise business. On the other hand, each year the number of franchises is increasing but at the same time the number of franchise closure is also increasing [1]. One of the main reasons for the closure of the franchisee in Thailand is due to the poor relationship between franchisor and franchisee [2]. This is similar to franchisors who are not concerned with developing the already established franchisees [3]. Thus, the increase in the failure rate of franchisor is due to the dissatisfaction amongst the franchise holders. Despite franchisee satisfaction is related to franchisee buying behavior, there have been limited attempts to evaluate empirically the factors which contribute to a satisfactory franchise relationship, particularly from the perspective of franchisees and identifies the final stage of the buying process [4]. Therefore, franchisee satisfaction as the biggest predictor of whether a franchisee will recommend their franchisor to a prospective franchisee that is their level of satisfaction with their performance [5]. Thus, this study proposed that relationship marketing contributes positively to franchisors’ performance. Furthermore, this study tests the media effect of perceived franchisor support on the relationship between relationship marketing and franchisors’ performance. The results show the strong relationship between the franchisor marketing strategy variables and franchisors performance of which is perceived by franchisee satisfaction. The findings are meaningful and useful to small and medium enterprises involved in franchise businesses. These are important and critical knowledge to the success of franchise.
การแปล กรุณารอสักครู่..
