Here's a sign of some of the strides made by the franchising industry in 2011. Domino's CEO J Patrick Doyle has been named CNBC's Berbie winner of the year, which is their award for the year's top American CEO.
If you look at the numbers, you'll see why Doyle won the prize. Domino's has cut their debt by $200 million since he took the helms in 2007. Their shares are up 110%. Their fortunes have been radically transformed since the franchise altered its pizza sauce a few years back.
You can watch an interview with Doyle here on CNBC.
He refused to take all the credit in the interview with the cable channel.
"It's not about me. If you really think about what drove this (turnaround) it started from innovation from the marketing department and ad agency," he said. "The most important thing was our franchisees and store managers executing. If they aren't executing, I'm on the other (worst CEOs) list."
Expect bigger and better things from Domino's in 2012.