How Does It Affect The Economies in The Philippines WORD REFERENCES PPT Content

How does it affect the economies in the Philippines?
Franchising is a major driver of economic growth in the Philippines. Providing products

and services in more than 300 categories, including a myriad of retail concepts, the franchise
industry is a significant contributor to the country’s gross domestic product (GDP) and job
market. Hence, these companies help the economic growth to drastically increase.
Burger King Philippines bagged the top franchisee excellence award in the recent 2016
Asia Pacific Gold Crown Franchisee Convention, in Orlando, USA. BK Philippines was given
due recognition for being best in overall profit, sales growth and management systems. The
company has grown 70 stores from 24, and 380 employees from 77. According to Jose Miñana
Jr., Jollibee Foods Corporation’s group president for North America and foreign franchise brands
in the Philippines, JFC, as a strategic partner, is committed to a significant value to the franchise
operation of Burger King Philippines. JFC has an excellent track record of successfully growing
its joint ventures and acquired businesses.
Burger King produced goods and services worth $868.1 billion in 2016 and supplied an
annual payroll of $351.1 billion, accounting for 3.4 percent of the private sector gross domestic
product, according to an International Franchise Association report. Franchise businesses
contributed indirectly to the Philippine economy in other ways, too. According to the report,
franchises were the cause of more than 16 million jobs, $723.2 billion of annual payroll and $2.1
trillion of annual output, which ultimately accounted for 7.4 percent of the GDP.
Job growth in the franchise sector has outpaced growth in all other sectors economy-
wide. In the last five years, job growth in the franchise sector was 2.6 percent, annually, which is
almost 2 percent higher than all businesses. Looking at it as whole numbers, franchising added
almost 1 million jobs to the economy. Franchising hot streak is projected to continue through the
rest of 2018. Burger King Philippines contributed to this of 400 employees and P17.2 billion
sales grew by 11.1 percent year-on-year during the first quarter which would generate more tax
revenue for the funding of the government.
Burger King has two of its own in-house national charitable organizations and programs.
One is the Have It Your Way Foundation, a US-based non-profit corporation with multiple
focuses on hunger alleviation, disease prevention and community education through scholarship
programs. The other charitable organization is the McLamore Foundation, also a non-profit,
corporation that provides scholarships to students.. In the Pittsburgh region, it funded the
establishment of the Burger King Cancer Caring Center, a support organization for the families
and friends of cancer patients.
References
The Philippine Star. (2017). Burger King Bags Top Award at BK Asia Convention. Retrieved
from https://www.pressreader.com/philippines/the-philippine
star/20170322/282136406232354
Winmark. (2018). How Does Franchising Impact the National Economy? Retrieved from
https://www.winmarkfranchises.com/blog/2018/february/how-does-franchising-impact-
the-national-economy/
Sanchez, Elizabeth L. (2006). Ayala sells Burger King stake Lina, Pangilinan named as buyers.
Philippine Daily Inquirer. Archived from the original on January 22, 2012. Retrieved
October 29, 2010.

Powerpoint Content
1st slide
 Franchising is a major driver of economic growth in the Philippines.

 The franchise industry is a significant contributor to the:
- country’s gross domestic product (GDP)
- job markets
 These companies help the economic growth to drastically increase.
2nd slide
 Burger King Philippines bagged the top franchisee excellence award in the recent
2016
 BK Philippines was given due recognition for being:
- best in overall profit
- sales growth
- management systems
 The company has grown 70 stores from 24, and 380 employees from 77
3rd slide
 Job growth in the franchise sector has outpaced growth in all other sectors
economy-wide.
 Burger King has two of its own in-house national charitable organizations and
programs.
 One is the Have It Your Way Foundation
 McLamore Foundation
 Burger King Cancer Caring Center

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How does it affect the economies in the Philippines?

Franchising is a major driver of economic growth in the Philippines. Providing products

October 29, 2010.

 Franchising is a major driver of economic growth in the Philippines.

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