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Slicing Up Success: A Masterclass with Don Meij, CEO of Domino's
📌 Episode Summary:In this episode, we sit down with Don Meij, the CEO of Domino's, to discuss the intricacies of running a global fast-food chain. From supply chain management to employee retention, menu development, and customer engagement, Don shares invaluable insights that are relevant not just to the pizza business but to anyone in the hospitality industry.This episode serves as a masterclass in understanding the multifaceted aspects of running a successful business in the hospitality industry. Whether it's the importance of a diversified supply chain, the growing emphasis on sustainability, or the role of technology in shaping customer experiences, the insights shared here by Don Meij are invaluable.🍕 What's Inside:Supply Chain Management
The complexities of sourcing ingredients both locally and globally
The importance of having a diversified supply chain
ESG Considerations
The growing significance of sustainability in business
European regulations and their impact on operations
Technology and Innovation
The role of technology in customer engagement
Openness to testing new technologies
Employee and Franchisee Retention
The challenges of retaining a young workforce
The importance of internal recruitment for franchisees
Customer Engagement and Menu Development
Understanding your customers and those who aren't
The strategic role of menu items
Research and Development
The significance of continuous research
Learning from other markets
Business Strategy and Metrics
The obsession with ROI
Moving customers from value to premium range
Books and LearningDon's recommended reads for business inspiration:
“DHL: From Startup to Global Upstart” by Po Chung and Roger Bowie
"Pizza Tiger" by Tom Monaghan and Robert Anderson
"Atomic Habits" by James Clear
"Radical Simplicity" by Allen Ken
"Hit Refresh" by Satya Nadella
"No Rules Rules" by Reed Hastings and Erin Meyer
"The Ministry of Common Sense" by Martin Lindstrom
"Measure What Matters" by John Doerr
🌟 Key Takeaways:
Diversify your supply chain to mitigate risks
Sustainability is not just a buzzword; it's a business imperative
Technology can be a game-changer in customer engagement
Employee and franchisee retention starts with strong leadership
Understand not just who your customers are, but also who they aren't
Constant research and development are crucial for staying ahead
ROI should be a key metric in any business decision
Reading widely can provide unexpected business insights
📣 Call to Action:
If you're in the hospitality industry, now's the time to reevaluate your business strategies. Are you diversified enough? Are you sustainable? Are you leveraging technology to its fullest? Take a leaf from Don Meij's knowledge book and start making those changes today. And if you found value in this episode, don't forget to share it with your network.
💌 Connect With Us:
Subscribe, rate, and review the show, and send us your questions at Contact Us. Enjoy this episode and as always, thanks for listening.🎧 Produced by The Podcast Boss The Podcast Boss#BeanThereDoneThat #DonMeij #DominosPizza #SupplyChain #Sustainabili