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Podcast: Closed Monday
Episode: Leveraging Technology To Increase Profitability
Description: Leveraging Technology To Increase Profitability
Episode Summary:
This episode looks at the bottom-line challenges restaurants face, including unprecedented cost increases, labor shortages, the shift to off-premises dining, and persistent supply chain issues.
Key Points Discussed:
Optimizing price without impacting frequency - We discuss McDonald's successful strategy of small, gradual price increases paired with value deals.
Reducing labor turnover and controlling labor hours - Drawing lessons from Starbucks, we explore how providing competitive benefits and opportunities for career growth can lead to a more stable workforce.
Controlling...