Chicago, Illinois | info@kinetic12.com
In a world of chaos, the opportunity for change and to think differently is born. And right now, there is no greater need than to come to the table with an open mind and fresh ideas.
In many ways, when we look at the restaurant-chain landscape, we've already made substantial changes over the past four years, which have accelerated the transformation of business as we know it. Yet, we still remain at a crossroads where traffic is not where it needs to be, inflation has outpaced the consumer's willingness to spend, and the economics of the restaurant industry remain at a critical point, teetering on what we deem as sustainable. Yet, operators are still opening new units and expanding within and outside their four walls to conceive of creative solutions that combat headwinds.
So where does that leave us? It leaves us at a point where creativity and collaboration are essential in our ability to transform the business effectively and efficiently for the future health of the company.
For more than seven years, Kinetic12 has been tracking operator sentiment, key priorities, and mindset regarding how they are tackling the biggest priorities in the fast-paced food service environment. As one of the largest industries in the United States and globally, there is no other industry that comes closer to touching the hearts, souls, and health of so many individuals. And as the leaders shaping the offerings and experiences of these consumers, we have a responsibility to both understand and build the ideas and environment in which our employees, customers, and consumers can thrive.
It all starts with asking a few questions: What's my passion? What does the world need? And: What am I good enough at to get paid for? Therein lies both your purpose and your fuel to endure the journey to greatness.
In Japanese culture, this philosophy is termed Ikigai, and it applies as much to business as it does to one's inner compass.
Let's face it. Life is hard. Business is hard. And making the right calls consistently is hard. But embracing the mentality of Ikegai gives us the grit and motivation to undertake the journey to greatness.
So, how can we apply that mentality to collaboration, and what does it mean to embrace it in the workplace?
Here we explore how you can take those guiding principles and adapt them to work for you in the modern workplace to help move you and your business forward in the spirit of collaboration.
Passion is the driving force behind creativity and innovation. In the food industry, aligning the innovation process with what team members love can lead to remarkable breakthroughs and a motivated workforce. This section explores how to tap into core values and passion to fuel the innovation engine.
Expertise is a valuable asset in the innovation process. Leveraging the skills and knowledge of team members and partners can result in more effective and efficient solutions. This section focuses on strategies for harnessing expertise to drive collaborative innovation.
Once you have the team assembled and goals aligned, here are some ways you can work together:
Successful innovation addresses real market needs and solves genuine problems. By understanding and responding to these needs, businesses can create products and services that truly resonate with consumers. Here, we examine the methods for aligning innovation with market demands.
A few ideas on how you can help understand the market are:
For innovation to be sustainable, it must also be economically viable. Balancing creativity with profitability is key to long-term success. This section discusses strategies for ensuring that innovative ideas can be monetized effectively.
We have to be fast but still strategic by way of:
By Implementing these strategies, organizations are better positioned to navigate the market, identify the right opportunities, and engage their team to meet or even exceed their goals. For sales teams in particular, this will help keep you a step ahead of competitors by having:
By embracing the principles of Ikegai, suppliers and operators alike can better prepare their businesses for a sustainable future and engage their teams in a purposeful journey to greatness while working together towards a common goal.
To learn more, visit us at https://www.kinetic12.com/. or reach out to us to schedule a call and discuss how we can help you scale with purpose.
About Kinetic12: Kim Letizia is with Kinetic12 Consulting, a Chicago-based foodservice and general management consulting firm. The firm works with leading foodservice suppliers, operators, and organizations on customized strategic initiatives and guides multiple collaborative forums and best practice projects. They also serve as keynote speakers at operator franchise conferences and supplier sales meetings. Their previous leadership roles in restaurant chain operations and at foodservice manufacturers provide a balanced industry perspective.
Contact us to discuss or learn more about how we can help your organization understand the Restaurant of the Future and how Emerging and Growth Chains will define the future of foodservice.
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