BSM 600 Chapter Notes - Chapter 4: Panera Bread, Types Of Restaurant, People Everyday
5 Feb 2017
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Panera bread company in 2014: can a slowdown in the company"s growth be. Had rapid growth strategy, accelerated store openings, but couldn"t match revenue growth rate from past years" cagr. Abp and st louis bread, managers realized fast food chain patrons wanted high-quality quick dining experience = overhauled st louis bread menu and dining atmosphere. Mission: create speciality cafe anchored by an authentic fresh-dough, artisan bakery and upscale, quick-service menu selections panera bread. Mgt realized panera was better off growing exclusively in that direction, so sold abp. Opened more, invested in paradise bakery, expanded in canada. Ron shaich executive chairman of the board + active strategic role with focus on how. Panera can be best competitive alternative in current market segments, was previously. Ceo but passed role to william moreton in 2010. In 2013, shaich ceo and chairman, moreton as vice-chairman and helps oversee biz operations. Panera has won awards--best reputation for a national chain, casual dining, good customer loyalty.
