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Title: How to Be Successful
Essay Details
| Subject: |
Business |
| Author: |
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| Date: |
March 17, 2002 |
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| Length: |
4 / 984 |
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0 |
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Essay text:
Local Structure. Corporate structure considerations are key in China, where very few sectors have yet to allow unhindered foreign investment, and where structure, once chosen, will determine the franchisor's flexibility for control, financing, foreign exchange, import, licensing and - crucially - repatriation of franchise fees... Showed first 250 characters
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While difficult to generalize, the foreign franchisor will typically be advised to avoid an 'all eggs in one basket' approach, for instance by supplementing national/regional master franchise Sino-foreign equity joint ventures with one or more separate WFOEs (wholly foreign-owned enterprises) - the latter with scope to provide training and marketing advice to franchisees, and license of technology and know-how to the master franchise joint ventures... Showed next 250 characters
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