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The Restaurant Life Cycle
Introduction
Growth
Maturity
Revitalization
Decline
Introduction
Startup
High Investment
Testing
Building Buzz
Growth
Expanding Customer Base
Increasing Efficiency
Gaining Brand Recognition
Maturity
Peak Popularity
Operational Excellence
Brand Loyalty
Market Stimulation
Revitalization
Menu Innovations
Renovation
Staff Training
Strategic Updates
Decline
Outdated Concept
Poor Service
Aging Decor
Stiff Competition
Elements of Management
Planning
Organizing
Decision Making
Communicating
Motivating
Performance Management
Control
Planning
strategizing
forecasting
goal setting
Organizing
Depending on size and complexity of operations
Decision making
Programmed (regular) or non-programmed (one off)
Communicating
Guest Interaction
Front and Back of the House Coordination
Sensitive Information
Motivating
What makes people tick
Hand in hand with productivity
Perfomance management
Setting standards and assessing outcomes
Control
Profitability
compliance with regulations
The Pareto Principle
Vilfredo Pareto, secret to success by achieving more with less
Efforts - 20%
Results - 80%
leadership
Almost everything depends on the physical labor of nonmanagerial workers: people who cook, serve tables, mix drinks, wash dishes, and mop floors.
Difference is the human element of ———
Service, service, service
Managers
People who do things things right
Leaders
People who do the right things
Leading
process by which a person with vision can influence the activities and outcomes of others in a desired way.
traits of an effective leader
Drive
Desire to Influence others
honesty and moral character
self confidence
intelligence
relevant knowledge
Management by Walking Around
MBA or MBWA
Leadership by Walking Around
LBA or LBWA
spending a significant part of your day talking to your employees, guests, and peers.