Asked by Mandy Bissey on May 16, 2024
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In the Change Competency "KFC in China," franchising was extremely popular in Chinese businesses.
Change Competency
The capability to effectively manage and adapt to alterations in the environment, processes, technology, or organizational structure.
Franchising
A business strategy in which a brand and business model are licensed by a franchisee from the franchisor for the establishment and operation of a new branch.
Chinese Businesses
Enterprises that are based in China, encompassing both domestic and international operations, and influenced by Chinese culture, economic policies, and market dynamics.
- Understand the principles and uses of strategic management techniques, such as focused, differentiation, and cost leadership strategies.
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Learning Objectives
- Understand the principles and uses of strategic management techniques, such as focused, differentiation, and cost leadership strategies.
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