The Internationalization Process of Franchise Systems: AConceptual Model

Presents a conceptual model that examines the determinants of the internationalization process of franchise systems. The basic assumption of the model is that the internationalization decision is essentially a cost/benefit assessment that is filtered through the perceptions of top management. Consequently, the central constructs of the model are perceived risk and perceived benefits which are shaped by a set of organizational and environmental factors, and which, in turn, determine the strengths of intentions to internationalize.