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Michelin Rating Overview: Expansion into New Markets

Goliath Consulting

Today, the Michelin Guide continues to explore new markets and broaden its global influence. The New York City guide made its North American debut in 2006. Challenges in New Markets Despite its success, the Michelin Guide faces challenges when entering new markets.

Marketing 243
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Four Hidden Costs of Turnover and Tangible Strategies to Increase Retention

Modern Restaurant Management

In 2006, the Cornell Center for Hospitality Research estimated that the average cost to an employer per turned-over employee amounted to $5,864. in 2006 is equivalent to about $1.38 There are third-party time and attendance solutions in the market today that make this extremely easy and transparent.

2006 538
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Restaurant HR Operations Cost Audit

Modern Restaurant Management

Inflation, supply chain disruptions, and an unforgiving labor market have created a perfect storm for restaurant owners and operators. In 2006, the Cornell Center for Hospitality Research estimated that the average cost to an employer of a turned-over employee to be $5,864. Take Advantage of the Soft Workers’ Compensation Market.

Audits 507
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5 Steps to do Social Media Right

Goliath Consulting

In fact, more than 63% of restaurants reported to have used social media to market their business in 2018 2. According to Wansink (2006), the digital presentation of food is thought to influence more than 70% of the food eaten by American households 3. Journal of the American Dietetic Association, 106(2006), 1324-1327.

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EFFECTIVE LEADERSHIP WHEN IT SEEMS TO BE IN SHORT SUPPLY

Culinary Cues

Unlike that corporate restaurant firm with dozens or hundreds of outlets offering consistent product and service, your independent operation does not have the advantage of a marketing department, human resource officer, significant lines of credit with a bank, or leverage with vendors to gain better pricing through volume.

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MRM Franchise Feed: Church’s Goes Hybrid and Curry Up Incentives Now

Modern Restaurant Management

Founded in 2006, Just Salad is the fast-casual restaurant industry’s leading proponent of zero-waste practices. “The market is still ripe for continued expansion and growth,” said Kapoor. “Their continued growth demonstrates the viability, feasibility and desirability of circular business models.”

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The Best Canned Wines to Drink on Those Particularly Warm Days

EATER

Canned wine sales exploded in 2020, growing more than 68 percent to a market cap of around $200 million nationwide, according to Market Watch. All this means there is a surfeit of canned wine on the American market today, some bad, some good, some otherwise forgettable, and some simply perfect to chug on a particularly warm August day.

2006 293