Franchise

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Classmate Post 1

The trust between the franchisor and the franchisee is very in order for both of to be successful and to prevent problems between the two the in future. In the article Trust: Key to Successful Relationship explains the importance of the trust between the franchisor and the franchisee issues can come up there is not any type commutations between the two. One of the statements in the article mentions that it important for the franchisor to review the marketing material provided potential franchisee to make sure the franchisor can and will deliver on the promises that are made in those materials. (Modell, 2010).Just like any type of agreement or advertisement where a company has to back up a service or a product, the franchisor has to standby the statements and promises that were in the material if not that could be some issues where that would cause a lack of trust between the franchisor and the franchisee which can result in legal problems hurting the reputation of the franchisor.

Classmate Post 2

“Trust must be earned; it is not a given”

Trust is essential in any relationship. Trust is not given it is earned. When a relationship of any kind begins the actions of each person or group depicts the direction of the trust. Trust is build by working together and learning each other’s perspectives. Trust has many contributing factors. I think the number one component of trust is honesty and integrity. Honesty makes building trust easier. It provides openness and a point of establishment to know each other and their type of actions. In te being stages of a relationship trust is not easy because you don’t know the other person or group. Some people have alternative motives or hidden agenda that can be harmful to the other person. During the time of building a relationship it is important to give a little trust to provide the opportunity for it to be built. When in any relationship I believe we have to give a little to get a little. Ultimately you have to give trust to earn trust and vice versus.

Classmate Post 3

"Trust is one of the most important elements of a franchisor/franchisee relationship. Without trust, there is no way to ground the relationship, as there will not be effective communication or effective collaboration." (Whiteside, 2010). Trust is the foundation for the whole relationship. If there is not trust between the franchisor and franchisee then there will be break downs in the communication and the collaboration. If the communication breaks down then neither side will know what the other is doing then things will not get accomplished. Without trust the business will suffer because the franchisee will not believe that the franchisor has their business's best intentions in mind. Trust is what holds the relationship together and without it there will be no relationship.