The Intercontinental Franchise Affiliation and the College of Louisville currently announced a landmark partnership to supply continuing instruction and certification by means of the IFA Certified Franchise Executive (CFE) System and the Yum! Middle for Global Franchise Excellence, part of the UofL College or university of Enterprise. For nearly 35 many years, a CFE designation has been the premier certification in franchising, featuring company, leadership and lawful education and learning exclusive to pursuing a vocation in the franchising business.
As a result of the new partnership, foundational CFE education will involve even much more demanding necessities standardized by UofL’s Higher education of Small business.
“This landmark schooling and certification partnership will be transformational to the business,” stated Matthew Haller, president and CEO of the Worldwide Franchise Association. “Building on the achievement of the CFE application, this new partnership will motivate more persons in franchising to degree-up their techniques by pursuing a CFE, finally developing a new stage of professional excellence in franchising with specifications-dependent education as the basis. IFA is delighted to lover with the University of Louisville on this enterprise, which will make franchise schooling a lot more accessible at a time when we are observing far more and a lot more curiosity in the organization model.”
“We are psyched about our partnership with the IFA. This arrangement has been a long time in the earning and represents a great chance in franchise education and learning,” explained Jeff Guan, interim dean of the UofL University of Small business. “Our higher educational benchmarks and curriculum will boost the business enterprise skills of franchisees in the system and elevate the franchise industry as a total.”
“It’s remarkable to see the effects that these organizations can have when they share a enthusiasm for collaboration and a mission to make a change in the lives of business people,” stated Wanda Williams, head of World wide Franchising for Yum! Models and IFA Board Member. “We are pretty very pleased of the function that has been completed at the Yum! Centre for World-wide Franchise Excellence since it opened, and incorporating the IFA’s Licensed Franchise Government certification further improves the track record of these finest-in-class academic applications.”
The Licensed Franchise Executive program is the best degree of franchise instruction and the top resource to assist franchise executives, managers and regional franchise entrepreneurs speed up particular person and organizational growth. The CFE method will allow graduates to produce a a lot more extensive knowledge of franchising, no matter of their degree of working experience. It delivers an possibility for accelerated job development whilst unleashing the electric power of chance in the franchise business enterprise model. In addition, it additional strengthens the franchise business enterprise model by closing the understanding and instruction gap.
The new “Fundamentals of the Franchise Model” program from UofL will consist of sessions on the foundations of the franchise business enterprise model, legalities, company growth, human sources, leadership and the franchisor-franchisee romantic relationship. The 6-week, teacher-led virtual bootcamp is sent by a SACSCOC-accredited establishment and an AACSB-accredited company school, signifying substantial criteria of academic excellence.
This plan, paired with the IFA’s FranGuard compliance class, will provide as the required, core elements of the CFE plan. These core elements, combined with elective courses and participation occasions round out the CFE candidate’s route to realize the honored difference of Certified Franchise Executive.