Domino's Pizza Enterprises CEO Resigned, Executive Chair Says
Van Dyck formulated a five-year turnaround plan for the business and oversaw the closure of 205 underperforming stores in Europe, Japan, Australia and New Zealand. The board supported the plan but wanted to act more swiftly than van Dyck, Cowin said Thursday.
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OpenAI Blasts Robinhood for Selling OpenAI Tokens
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Entrepreneur
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Why I Think More Startups Should Try Rotating Leadership
Rotating the CEO role every three months helped my founding team uncover hidden strengths and build lasting leadership capacity during our startup's early stage. Opinions expressed by Entrepreneur contributors are their own. Starting a software development company with multiple co-founders taught me many lessons, but perhaps none more surprising than what we learned from experimenting with rotating leadership roles. While this approach isn't right for every organization, I wanted to share our experience because it fundamentally changed how we think about leadership development. Like many early-stage companies founded by friends, we began with an overly democratic approach. Every major decision required consensus from all co-founders. What seemed fair in theory became paralyzing in practice. Simple strategic choices were turned into lengthy debates, and urgent decisions were delayed as we sought agreement from all parties. According to recent venture capital research, 65% of startups fail due to conflict among co-founders, and solo founders are actually 2.6 times more likely to succeed than teams with three or more co-founders. We experienced this dynamic firsthand during a critical period when market conditions demanded quick pivots, but our consensus-driven approach left us unable to act decisively. Our solution emerged organically, from necessity rather than researched management theory. Since we couldn't agree on permanent leadership roles, we decided to rotate CEO responsibilities every three months. Each co-founder would take a turn with full executive authority to make final decisions and break deadlocks. Here are some things we discovered: Hidden strengths emerge naturally The most valuable outcome was discovering capabilities we didn't know existed. Our most technical co-founder, who rarely spoke in client meetings, turned out to be exceptionally skilled at understanding customer needs when he had to step into that role. Another partner, whom we viewed primarily as a creative talent, demonstrated strong operational instincts when given responsibility for our processes. According to DDI's 2025 Global Leadership Forecast, only 20% of HR professionals express confidence in their leadership bench strength, and 83% of organizations predict they'll need new leadership capabilities within the next five years. Our rotation revealed talents that might have remained hidden for years in a conventional hierarchy. Related: My Mom, Money and Me — Here's How I Learned to Stop Fearing Money Decision quality improved Counterintuitively, having different people make decisions led to more balanced outcomes over time. This structure also kept our attention centred on strategic goals and company values rather than the personal management style of whoever was leading. Our sales-focused leader prioritized growth initiatives, while the operations-minded leader emphasized efficiency and quality. The three-month timeframe also created healthy urgency. Knowing their leadership tenure was limited, each person focused on execution rather than endless planning. Empathy and buy-in increased When team members who had criticized certain decisions found themselves making similar tough calls, they developed a greater appreciation for leadership challenges. This experience-based empathy significantly reduced internal friction and improved team cohesion. Related: How to Guarantee Buy-In From Your Senior Team The practical framework We established that the rotating leader had the final say on day-to-day operations, quarterly priorities and team conflicts. However, major structural changes — like significant hiring decisions or fundamental business model shifts — still require broader consensus. Each handoff included a formal meeting where the outgoing leader briefed their replacement on ongoing initiatives, pending decisions and current challenges. This prevented important issues from being dropped and maintained continuity. At the end of each rotation, other co-founders provided structured feedback on leadership performance. This created accountability while building a culture of continuous improvement. Related: Why Every Leader Should Write a "How to Work With Me" Manual When it worked well The rotation was most effective during our first 9-12 months when we were still discovering individual strengths and figuring out our optimal structure. During this period, it served several crucial functions: Discovered abilities people had that their job titles didn't show Prevented us from assigning permanent roles too early Built leadership capacity across the entire founding team Reduced ego conflicts by giving everyone a chance to lead Related: 6 Ways of Balancing Employee Well-Being with Hard Work When we moved beyond the rotation As our company matured and individual strengths became clearer, we gradually transitioned to more permanent roles. The rotation had served its purpose: we now knew who excelled at what, and team members had found their preferred areas of contribution. Some founders discovered they preferred leading specific functions rather than general management. Others found they were happiest as individual contributors. The experimentation period allowed these preferences to evolve naturally rather than being imposed. Considerations This approach worked for us, but it required specific conditions: Strong personal relationships and trust among co-founders Shared core values despite different leadership styles Commitment and trust in the process, even when some rotations were less comfortable Early-stage flexibility, where frequent direction changes weren't disruptive Companies with established operations, external investors expecting consistent leadership, or teams without strong interpersonal trust would likely find this approach problematic. Other ways to use rotation Even in traditional hierarchies, some rotation principles can be valuable: Cross-departmental leadership assignments for high-potential employees Project leadership rotation to develop management skills at multiple levels Temporary leadership roles during crisis situations to identify hidden capabilities Research from McKinsey & Company indicates that companies with strong leadership development programs are 2.4 times more likely to hit performance targets. Rotation, when applied thoughtfully, can accelerate this development process. The takeaway Looking back, the 9-12 months we practiced rotation turned out to be the right timeframe for our situation. Once patterns became clear within a year, we recognized it was time to transition to more permanent roles rather than continue rotating indefinitely. We also learned that some roles benefit more from rotation than others. Customer-facing positions, where relationship continuity matters, were more challenging to rotate than internal operational roles. Rotating leadership taught us that management skills can be developed and that people often don't know their own capabilities until given the opportunity to try something new. We saw team members surprise themselves by excelling in roles that didn't seem like natural fits. For young, equally-committed founding teams, it makes sense to experiment with different configurations until you see what actually works in practice. This applies beyond just the CEO role — we found similar benefits rotating people through sales, HR and technical leadership positions. However, this requires good judgment. Only test promising alternatives where you have genuine hypotheses about potential success. While not appropriate for every company, this experience created a stronger, more resilient organization with deeper bench strength. Most importantly, it reminded us that there's no single right way to structure early-stage leadership—sometimes the best approach is the one that helps you discover what works for your specific team.
Associated Press
31 minutes ago
- Associated Press
Market to Reach $7 Billion by 2030 from $4.6 Billion in 2024 - Booming Agriculture Demand, Sustainable Agriculture Practices Expand, Horticulture Surges
DUBLIN--(BUSINESS WIRE)--Jul 3, 2025-- The 'Mulch Films - A Global Market Overview' report has been added to offering. The global market for Mulch Films is estimated at US$4.6 billion in 2024 and is projected to reach US$7 billion by 2030, with a CAGR of 7.7% during the forecast period 2024-2030. This global report on Mulch Films analyzes the market based on product type, material, type, and application. In addition to providing profiles of major companies operating in this space, the latest corporate and industrial developments have been covered to offer a clear panorama of how and where the market is progressing. Biodegradable films, which include thermoplastic starch (TPS), starch polymer blends like PLA and PHA, and bio-based materials such as AAC, PBS, and PBAT, are gaining traction due to their compostability and lower environmental impact. These films are available in various types, each designed for specific functions. Black mulch films obstruct sunlight to stop weed growth, whereas clear/transparent films trap heat to warm the soil. Colored and photo-selective films affect plant growth or deter pests by reflecting certain light wavelengths. Furthermore, there are specific types, such as metallic reflective films that improve light distribution, anti-fog films that keep clarity in humid situations, and degradable films intended for short-term crops or seasonal applications. As precision agriculture advances and sustainability becomes integral to farming, mulch films remain essential in extensive agricultural practices and controlled-environment horticulture. The global mulch films market is witnessing significant growth driven by the increasing demand for effective and sustainable farming methods. As global food demands rise, farmers are shifting toward using mulch films to improve crop yields, save water, maintain soil temperature, and control weed proliferation. These films are vital in greenhouse cultivation, where controlled settings are necessary for year-round production. The shift towards biodegradable mulch films is gaining momentum due to heightened environmental awareness and stricter regulations on plastic waste. Materials such as thermoplastic starch (TPS), PLA, and PHA are becoming favored as eco-friendly substitutes for conventional polyethylene-based films. Innovations in smart mulch films-with features like UV resistance, temperature control, and light diffusion-are boosting crop productivity while reducing water usage. The growth of organic farming and circular economy practices further bolsters the market, along with advancements in bioplastics and recyclable materials. Strategic collaborations among manufacturers are focused on replacing traditional films with sustainable alternatives, thereby improving environmental compliance. As consumer awareness rises and the demand for agricultural efficiency grows, mulch films are increasingly essential in modern high-yield farming systems. Mulch Films Regional Market Analysis The Asia Pacific region dominates the global mulch films market with a 48% share in 2024 and is projected to grow at the fastest CAGR of 8.3% through 2030, fueled by a rapidly growing population and increasing food demand. Major markets such as China and India are benefiting from government initiatives that encourage sustainable, high-yield agricultural practices, along with lower costs for raw materials and labor. The growth is further enhanced by a rising interest in biodegradable mulch films, innovations in polymer technologies, increased agricultural investments, and improved farmer awareness regarding advantages like enhanced crop yields, water conservation, and weed control, supported by subsidies and educational programs. North American mulch films market is experiencing significant growth, driven by widespread use in both large-scale and organic farming, rising demand for sustainable and biodegradable films, and advancements in horticulture technology. The availability of cultivable land and the adoption of precision agriculture further boost the market. Europe is expanding steadily, supported by urbanization, greenhouse farming, and strict environmental regulations promoting biodegradable mulch films for sustainable crop production. Mulch Films Market Analysis by Product Type The non-biodegradable mulch films segment dominated the market in 2024, capturing 68.9% of total revenue. This segment's growth is driven primarily by key materials such as LDPE and LLDPE, which together account for over 65% of the non-biodegradable mulch films market. These films are widely used in agriculture due to their durability, cost-effectiveness, and ability to regulate soil temperature, conserve moisture, and suppress weeds. On the other hand, the biodegradable mulch films segment is expected to record the fastest growth rate at a CAGR of 11.6% between 2024 and 2030. This surge is fueled by increasing sustainability mandates and environmental regulations encouraging the adoption of eco-friendly agricultural solutions. Within this segment, PHA (starch blended with polyhydroxyalkanoate) stands out as the fastest-growing material, projected to record a CAGR of 12.8% during the analysis period. Mulch Films Market Analysis by Type The black mulch films segment leads the market in 2024, accounting for a 38% share, driven by its superior ability to suppress weeds, retain moisture, and regulate soil temperature. By blocking sunlight, black films effectively prevent weed growth, reducing the need for herbicides and lowering labor costs. These films are widely used in high-value crops such as vegetables, fruits, and flowers in greenhouse and open-field environments, enhancing productivity and promoting sustainable farming practices. In contrast, clear or transparent mulch films are projected to register the fastest CAGR of 9.4% from 2024 to 2030. Their ability to block infrared radiation while allowing sunlight to reach plants helps maintain optimal soil warmth, retain moisture, and inhibit weed growth. These benefits support easier harvesting and higher yields, driving their growing use in agricultural systems focused on improving output and water efficiency. Mulch Films Market Analysis by Application The agriculture segment dominates the mulch films market by application, with a 66.2% share in 2024 due to the wide use of mulch films in large-scale farming to enhance yields through moisture retention, soil conditioning, and weed control. Supportive government policies promoting efficient irrigation and soil conservation further boost their adoption. Meanwhile, the horticulture application segment is projected to grow at the fastest CAGR of 9.7% from 2024 to 2030, driven by demand for sustainable farming practices. Mulch films conserve water, reduce chemical use, and improve conditions for high-value crops like berries, grapes, and flowers. Advanced films, such as UV-resistant and biodegradable types, are increasingly used, especially in greenhouse farming across Europe and North America. Key Attributes: Companies Featured Mulch Films Market Report Scope Mulch Films Market by Product Type Mulch Films Market by Type Mulch Films Market by Application For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. View source version on CONTACT: Laura Wood, Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 KEYWORD: INDUSTRY KEYWORD: CHEMICALS/PLASTICS AGRICULTURE NATURAL RESOURCES MANUFACTURING SOURCE: Research and Markets Copyright Business Wire 2025. PUB: 07/03/2025 10:21 AM/DISC: 07/03/2025 10:21 AM
