Entrepreneurial global franchise ventures: US and European franchisee failure strategic and empirical perspectives

Rapid United States and European franchise growth offers potential benefits for stakeholders and host counties, as well as the potential for failure. Franchisee failure research is a complex area confounded by varying failure definitions, approaches, an event-focus, and single-year data. This paper includes a strategic franchisee failure perspective that views franchisee failure as a multi-stage process rather than an event; new longitudinal data from the United States for over 780 franchise systems and 292,000 franchise units and United Kingdom franchisee failure data for over 700 franchise systems and 31,000 franchisee units; and estimates of current European business-format franchise market size, including selected Central and Eastern European countries. Understanding and mitigating franchisee failure provide potential lessons for franchisors and franchisees. Franchisee failure and the strategic implications for franchise entrepreneurial ventures is a significant research area that merits further study and analysis.     

Social Entrepreneurship: The Role of Institutions

A relatively small segment of business, known as social entrepreneurship (SE), is increasingly being acknowledged as an effective source of solutions for a variety of social problems. Because society tends to view “new” solutions as “the” solution, we are concerned that SE will soon be expected to provide answers to our most pressing social ills. In this paper we call into question the ability of SE, by itself, to provide solutions on a scope necessary to address large-scale social issues. SE cannot reasonably be expected to solve social problems on a large scale for a variety of reasons. The first we label the organizational legitimacy argument. This argument leads to our second argument, the isomorphism argument. We also advance three other claims, the moral, political, and structural arguments. After making our arguments, we explore ways in which SE, in concert with other social institutions, can effectively address social ills. We also present two examples of successful ventures in which SEs partnered with governments and other institutions.     

GROWTH,COMMODITY PRICES,INFLATION AND THE DISTRIBUTION OF INCOME

A primary commodity price boom is underway. Given the role of internationally traded primary commodities as inputs into the productive process in the industrialized world, an important question arises: namely what effects will this price‐boom exert upon wage and price inflation in industrialized countries? In order to address this question, we specify and estimate a system of equations in which the key dependent variables are world commodity prices, the domestic inflation rate for finished goods and the rate of domestic industrial wage inflation. This model is estimated against data for each of three major industrialized countries: Japan, the UK and the USA and the implications of the results thus obtained are explored.     

Beyond epistemological pluralism: Towards an integrated vision of the future

This paper is a response to Epistemological Pluralism in Futures Studies, featured as a special edition of Futures (42:2). Since that special edition was a response to Integral Futures, a previous special edition of Futures (40:2), this paper begins with a treatment of some of the critiques of IF, as well as the critiques of Ken Wilber and integral theory. I examine the validity of those critiques, focusing in particular on the accuracy of the “portraits” given of Ken Wilber and his contribution to integral theory. I also examine the claims of “epistemological pluralism” to determine whether it is a more appropriate framework for futures inquiry and practice. In this consideration, I treat epistemological pluralism (devoid of an “integrating” theory) as an expression of skeptical postmodernism. Finally, I conclude with a historical overview of integral theory.     

A value-in-process analysis of relationship interactions in non-equity alliances

In the domain of relationship marketing, there is an increasing need for greater understanding of ‘value’ in the process of social exchange interactions. We present a framework for analysis of value creation through these interactions. Two types of value creating interaction are identified, asset specific investment and technical exchange. Taking a series of 197 project-based, non-equity alliances between architects and building contractors, we examine value creation through these interactions. The findings establish that value in the relationship process is co-created and that this occurs through an iterative investment in specific assets at the operational level throughout the alliance. Additionally, the exchange of technical information at the operational level is found to be a source of value for the relationship and has iterative and co-creational characteristics similar to investment in specific assets. We provide an explanation for the relationship between these interaction types and relational value. We also find that goodwill trust's positive relationship with the asset specific investment interaction type is stronger in low, rather than high, operational compatibility partnerships. The implications for researchers and managers are explored and study limitations acknowledged.     

An experimental study of commitment in Stackelberg games with observation costs

We report on experiments examining the value of commitment in Stackelberg games where the follower chooses whether to pay some cost to perfectly observe the leader's action. Várdy [Games Econ. Behav. (2004)] shows that in the unique pure-strategy subgame perfect equilibrium of this game, the value of commitment is lost completely; however, there exists a mixed-strategy subgame perfect equilibrium where the value of commitment is fully preserved. In the data, the value of commitment is largely preserved when the cost of looking is small, while it is lost when the cost is large. Nevertheless, for small observation costs, equilibrium behavior is clearly rejected. Instead, subjects persistently play non-equilibrium strategies in which the probability of the follower choosing to observe the leader's action is a decreasing function of the observation cost.     

An Integrated Approach to Assessing,Managing and Monitoring Campsite Im pacts in Warren National Park,Western Australia

The social and ecological impacts of camping were examined in Warren National Park, Western Australia. The main objective was to apply an integrated approach to assessing campsite degradation and feed this information into a management and monitoring strategy for campsites in the park. Biophysical data were used to establish a campsite profile, providing baseline information that enabled comparison of heavy-use formal campsites with low-use informal campsites. High-use formal campsites were more severely impacted than the low-use, informal campsites. Formal sites were also larger, had experienced more tree damage and erosion, had greater soil compaction, less vegetation cover and tree seedlings, less coarse woody debris, higher riverbank degradation and more walk trails radiating from the campsite. Additionally, the low-use, informal sites had also been degraded by recreation use. Potential indicators were identified, using a social survey that enabled identification of the standards of social and resource conditions in the Warren National Park. Desired conditions were then compared to existing conditions at the campsites and relevant managerial preferences acceptable to visitors were identified in the social survey. Most of the management preferences were considered very or extremely important influences on the quality of the visitor experience.