4th Industrial Revolution – Franchising adapts to a changing world
The buzz word in global circles is ‘adaptability.’ With technology forging ahead at an unprecedented rate and talk of a 4th Revolution takes hold, adaptability has became the mantra as we end the decade and face the 2020’s. It’s a known fact that when the world economy undergoes changes – either positive or negative – franchising is the first to act on those changes. As the one business sector with its ear close to the ground when it comes to picking up shifting consumer trends, it is also the one best suited, through its franchise systems, to effectively make the …
Celebrating 40 years FASA calls on the sector to adapt to our changing world
“Things are not what they used to be…” is a common refrain – whether we are referring to the obstacles that we face every day or future challenges that will impact the way we do business. Franchising, which has made a significant mark on the South African economic landscape over the past fifty years, currently contributing R721 billion or 15, 7% to the country’s GDP, is being challenged from all sides to remain relevant and continue to contribute to entrepreneurship, skills development and job creation. FASA Franchise Association South AfricaTo protect, lobby, promote and develop ethical franchising across all sectors …
Tracking consumer trends
If there is one area of the economy that is causing the greatest concern, it’s the future of consumer spending. How much is being spent, given the economic situation? Where is that spend being done? How can one stay ahead of the technological changes that are affecting the retail environment? Whilst the outlook at the moment is dire – tough times means shrinking baskets with researchers Inperspective pointing to 88% of shoppers reporting that money is tighter than a year ago – this doesn’t mean the end of retailing or that consumers have stopped buying. It just means that the …
FEDEX’s first delivery robot will climb your stairs and hand you a pizza
Delivery giant FedEx is getting in on the robot delivery wars, debuting a robot called SameDay in the USA that can climb stairs and navigate sidewalks. Their SameDay bot is designed to seem friendly to humans in its own way. In fact, its design looks almost comical, with four chunky wheels and two small auxiliary wheels that look like little T-Rex hands. Those hands aren’t there for decoration; the robot uses them to climb stairs and navigate any vertical obstacles it may encounter on its path. It’s a system that was developed with the help of Dean Kamen, the inventor …
Is the spirit of entrepreneurship still alive and well?
Research by the 2016/17 Global Entrepreneurship Monitor report shows that SMEs in South Africa account for approximately 36% of South Africa’s gross domestic product, and the National Development Plan cites that SMEs are expected to provide a staggering 90% of new jobs by 2030. With every report of the closure of big names in South Africa – from international brands Dunkin Donuts, Baskin-Robbins and Hamley’s due to poor management and trying trading conditions there are other stories of young and vibrant brands – like Ubuntu Baba and Superlatte taking on the big players to fight for their place in the …
Is Disruption about to reshape the way we do business?
Firstly, let’s understand what we mean by “disruption”. It’s not simply doing it better, it’s not doing new things, it is doing and making things that make the old way obsolete. The Dictionary defines ‘disruption’ as ‘disturbance or problems which interrupt an event, activity or process’ and is synonymous with disturbance, disordering, disarrangement, disarranging, interference, upset, upsetting, unsettling, confusion, confusing.’ That pretty much describes the state of our world at the moment. FASA Franchise Association South AfricaTo protect, lobby, promote and develop ethical franchising across all sectors in South Africa with specific focus on transformation. www.fasa.co.za …
Is the franchise industry ready for 4.0?
Change is inevitable… Change is constant… and resistance is futile Those famous words from Benjamin Disraeli, British Statesman from the 1800’s ring true and go back to the early days of man’s quest to conquer the world. According to interesting info from franchise site www.franchisocreator.com whose history of franchising tracks the origins of this successful business format, the first franchises can be traced back to the Middle Ages, when exploration and the discovery of distant lands meant the discovery of new goods and a whole new way of life. FASA Franchise Association South AfricaTo protect, lobby, promote and develop ethical …
The Swinging 60’s – The decade when South African’s developed a taste for franchising
South Africa’s franchise industry started roughly a decade after it exploded onto the American scene and this is where the South African franchise story starts. Those early entrepreneurs who studied the American model and brought the concept to our shores recognised that the unique quality of this new business model lay in the fact that for the first time the franchise contained a complete business management package. This proved to be the catalyst for franchising’s growth as expansion could be achieved quickly, without control of the brand being lost. FASA Franchise Association South AfricaTo protect, lobby, promote and develop ethical …
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