In response to last week’s post, I received a question about whether “Big Mac” provisions do, or should, build in compensation for the franchisee who creates a new innovation. I have seen this happen on rare occasions, but in my opinion it’s a bad idea because it discourages positive system change.
When Franchisees Innovate: Discussing The “Big Mac” Provision
Domino’s introduces “Bread Bites,” which were created by a franchisee, following in the footsteps of other franchisee creations like the Big Mac. How do franchisors balance encouraging innovation but also, at the same time, protecting and enforcing brand quality and system standards?
Best Franchise Times Article Ever (But Then Again, I Am Biased)
Check out April’s edition of Franchise Times magazine for what is arguably one of the greatest profile pieces to ever appear in that periodical (or any other, for that matter). But then again, I am biased because it’s about me.
An Illustration Of Changing Consumer Patterns And System Evolution: Best Buy To Close 50 Stores
Big box retailer Best Buy is closing 50 large format stores and opening 100 smaller ones to respond to changing consumer tastes. Best Buy’s experience is an excellent lesson for franchisors in demonstrating how systems must evolve to survive.
Nevada Franchise Business Network: Spring 2012 Meeting
Join us at the next meeting of the Nevada Franchise Business Network for an interactive discussion featuring leaders from locally-based companies that have successfully grown into national franchise systems. The topic of the meeting is “Lessons Learned in Franchising” and will feature guest speakers Debbie Shwetz, CEO of Nothing Bundt Cakes, Fred Hassen, CEO of Sit Means Sit Franchise, Inc., and Alfredo Rivera, President of Sit Means Sit Franchise, Inc.
FranCamp 2012: Franchising Goes Social
FranCamp 2012 is scheduled to occur in Atlanta, Georgia on May 4th, 2012. If you are not familiar with FranCamp, it is a social media “un-conference” for the franchise industry.
Forward Franchising 