article thumbnail

How Disney Found Its Way Back to Creative Success

Harvard Business Review

Since every industry changes in time, the key to success is adapting to those changes – hence, strategy is innovation. That deal brought the Stars Wars and the Indiana Jones franchises within Disney’s fold. For instance, the Avengers is a successful movie franchise but it is also monetized in Disney’s theme parks.

article thumbnail

McDonald’s Already Knows How to Manage Its Franchisee Labor Practices

Harvard Business Review

McDonald’s should apply to franchisees a model similar to the one it uses for its suppliers: The company engages in long-term relationships with suppliers to make it clear that they’ll work together on tough issues, not just issue fines; brings suppliers together periodically to learn from each other; and rewards innovation.

article thumbnail

How to Understand the EU-U.S. Digital Divide

Harvard Business Review

After two decades of failed efforts to spur innovation and competition in Europe’s lagging communications sector, the European Commission has promised “an ambitious overhaul” next year as part of its far-reaching Digital Single Market initiative. As a result, the U.S. based, with the rest coming from China.

Price 8