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Leadership and management are terms often used interchangeably, but they’re far from the same. While managers excel at planning, organizing, and maintaining day-to-day stability, leaders inspire, innovate, and challenge the status quo to drive change. It demands visionary leadership. Can You Be Both?
However, new uncertainties—from economic pressures to labor shortages—underline the importance of robust risk management strategies as the linchpin for future success. Considering the inflationary and labor strains, proactive risk management and operational adjustments will be crucial to sustaining profitability in the year ahead.
Balancing Innovation with Operational Efficiency While technology and innovation have been game-changers for the restaurant industry, there’s a balance to strike to ensure it’s not just innovation for innovation’s sake. Some of the most valuable lessons I’ve learned fall into four key areas.
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Still, it takes private one of the industry’s most widely used tech companies and one of its earliest innovators, helping numerous restaurant chains take their businesses online. per share for the online ordering and payment company just four years after Olo went public. Olo was founded in 2005 and works with some 750 restaurant brands.
However, as we surge forward, it's imperative to highlight what's missing from today's dining experience and identify the qualities that elevate a great manager to give the next level service assisted by AI, required to succeed in this new environment.
Copeland, who served previously as senior vice president, business services domain lead at global energy company World Kinect, is tasked with managing the strategic execution of Panera’s three-year growth plan, driving “business model clarity” that the company said will be instrumental as the brand transforms. Sign up here.
The growth capital firm behind the food-and-games brands Puttshack, F1 Arcade and Flight Club has added more restaurant industry firepower to its leadership team. Hart, the former CEO of Red Robin, has joined the firm Emerging as managing partner, the company said Tuesday. He is currently a board member at Portillo’s and Dutch Bros.
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. "This transaction reflects Subway's long-term growth potential, and the substantial value of our brand and our franchisees around the world," said John Chidsey, CEO of Subway, adding that there are no anticipated changes to the company's leadership team, strategic focus or operating plans.
Giving store managers ownership over testing early-stage ideas and sharing the results systemwide. News Heather Lalley is the managing editor of Restaurant Business, Foodservice Director and CSP Daily news. Krispy Kreme is out of the cookie business , selling its remaining stake in Insomnia Cookies for $75 million. Sign up here.
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That led to an employee shortage, especially for high-quality and experienced management positions. The restaurants that thrive today are those that balance innovation with human connection. Most restaurants are offering more flexible time for managers as well as shorter hours. The world changed, and so did restaurants. .
But the team build a trademarked system—dubbed Au-Dough-Mation”—that can now manage front- and back-of-house operations. Premium Operations Sweetgreen wants to shake its reputation for expensive salad The fast-casual chain is working on its value perception in a way that spotlights menu innovation and avoids discounts.
No matter how important and innovative your initiative, new product or new process will be toward saving jobs or support across the industry or community, you must communicate your purpose effectively to be successful and become a recipient of well-deserved grant money. But just applying for a grant does not mean you will secure one.
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Leadership skills, like most abilities in life, must be earned through practice and hard work. In fact, great leaders often incorporate different types of management styles at different times. . The Best Types Of Management Styles. This is true because different situations call for different kinds of leadership. .
Formerly with Yum Brands, Davenport worked with Pizza Hut for more than nine years, including as managing director for global franchise markets and managing director for the Middle East, Turkey and Africa. And Randy Gross is director of operations, managing field operations and restaurant performance. and Hardee’s. Sign up here.
The genuine passion she displayed for the industry convinced the hiring managers that she’d excel in the marketing analyst role, and they were right. Stephanie Jack: I am the director of product marketing and innovation on the commercial team at Bowery. I needed to learn how to manage up and how to effectively influence across teams.
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All photos courtesy of Ascent Hospitality Management A pair of legacy family-dining brands are out to prove that age is only a number. The of-the-moment menu updates are part of sweeping rebrands at the two chains under owner Ascent Hospitality Management. By Joe Guszkowski on Jun.
Ken Burgin interviewed Michael to find out what he’s learned during the pandemic about Innovation & Leadership in Hospitality Management. We also discussed changes in managing people – recruitment, retention, mental health, skill development, culture and productivity.
News Heather Lalley is the managing editor of Restaurant Business, Foodservice Director and CSP Daily news. Members help make our journalism possible. Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content. Sign up here.
marketing retail News Heather Lalley is the managing editor of Restaurant Business, Foodservice Director and CSP Daily news. Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content. Sign up here. But the brand remains the toughest turnaround in the restaurant industry.
We strongly believe that our significant experience in the QSR space, our strong digital focus, our ability to innovate, as well as our proven execution capabilities, will enable Subway to become a dominant player in the region.” . “Everstone Group is delighted to be a partner and custodian of Subway in the region.
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