08 Sep, 2017

International Franchise Association

The famous Dunkin Donuts franchise was founded by William Rosenberg who played a major role in ensuring that the franchising industry was properly represented. This is why he established the International Franchise Association that is commonly abbreviated as the IFA. This is actually the largest and oldest organization in the world that deals with the franchising industry. This organization is a non-profit one and it currently represents more than 10,000 franchises which are affiliated to more than 1,300 systems of franchising. Order is maintained in the franchising industry by this organization because it lays down the best practices that the member franchises should incorporate in their day to day running of their business affairs. In addition to this, the International Franchise Association also ensures that the practices are implemented by monitoring the entire process. Moreover, the core values that usually enforce fairness and uniformity are also set by this organization. In the event that certain franchises have issues amongst them, then the code of ethics which are provided by the International Franchise Association will ensure that a fair solution is arrived at. These codes of ethics have been formulated in such a way that they ensure the environment that the member franchise companies are operating on is solid and healthy for all. In addition to this, the organization is also involved in identifying new opportunities that the existing members can take advantage of. This has proven to be very beneficial in the United States region because many of the franchises that are registered with the International Franchise Association have been able to grow exponentially. The organization usually holds a convention once a year which is generally aimed at getting new members to join them. Apart from this, the event is also meant to offer their existing members with networking, procurement and educational opportunities. The International Franchise Association is undoubtedly a force to reckon with because they also offer various training programs to their members. These programs are meant for the beginners as well as the veterans. It is a well known fact that the franchising industry is a very important one in the United States region mostly owing to the many benefits that the franchises have in general. These benefits are usually enjoyed by the franchise owners, franchisees, customers, society and even the state. The codes that this organization provide have enabled this to be a reality by ensuring that more is in store the franchising industry.