After having read about entrepreneurship in Chapter 2, would you consider someone who buys a franchise to be — entrepreneur Does franchising stifle
General StudiesGeneralWorked Solution
After having read about entrepreneurship in Chapter 2, would you consider someone who buys a franchise to be an entrepreneur? Does franchising stifle entrepreneurship?
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SOLUTION
The issue arises from calls for some speculation and opinion. People respond, “They would consider someone who buys a franchise an entrepreneur in most ways because an entrepreneur has an innovative idea whereas a franchisee does not have an innovative idea. However, he or she still must go through an ‘entrepreneurial event’ within the entrepreneurship process. A franchisee would experience two of the three events, a triggering event, and implementation.”