Right from the menu across to the attendants, there is quality in everything that Five Guys offers. The menu is simple and straight forward, despite the pressure from the customers and interested parties to increase the services it offers, they have kept their menu simple and easy. This makes it easy for the customers to just order by the number of what they want from the menu. The quality of service is very much complementary to that of the quality of food. However, without effective employees, the business would not have been so successful (Thornberry, 2006). The service delivery speed is very fast and thus customers do not feel inconvenienced having to wait to be served. They are always attended to on time. This wins the trust of every customer especially those who do not have the luxury of time to spend waiting.
For any person or organization to be successful, discipline is a key ingredient (Walker & Lundberg, 2007). In this view, social ethics and culture has played an equally significant contribution to the success of Five Guys. Such is the reason as to why they adhere strictly to certain laws as outlined in the acts governing international labor as well as social codes of conduct. They do not employ slaves or illegal immigrants in their course of business. They hence respect human rights as well as labor laws (Schwartz, 2011). As they acquire their supplies, they ensure that the suppliers are fully compliant with all local, state and international laws that govern business.
The hiring and...
Entrepreneurial Leadership Of the many theories and frameworks of entrepreneurial leadership, those from Jim Kouzes and Peter Drucker have over time proven most applicable to a broad range of situations and leadership challenges. Noted entrepreneurs including Steve Case, co-founder and CEO of America Online has often said that the key to succeeding as an entrepreneur is combining the best possible people, being passionate about a vision, and having a strong sense
As a result, economic development was redefined in terms of reduction or elimination of poverty, inequality, and unemployment within the perspective of a growing economy (Mamede & Davidsson, 2003). Research indicates that entreprenuership can be both the cause and effect of economic development in the sense of wealth distribution. Countries in which wealth is concentrated in the hands of a small fraction of the population face greater difficulties in coordinating
Leadership Create a hybrid theory/philosophy which combines the common elements found in the thinking of Case, Kouzes, and Drucker. In your philosophy, be sure to include the new definition of entrepreneurial leadership presented in Understanding Entrepreneurial Leadership in today's Dynamic Markets. The new definition of entrepreneurial leadership as defined by the article Understanding entrepreneurial leadership in today's dynamic markets is a leader who is enterprising, transformational and who "operates in a dynamic
The major asset of an entrepreneur is their ability to be innovative and creative, and try new ways of doing things. This is vital for any organization that wants to stay competitive in the marketplace. In addition, they create positive change, are usually team- and customer-oriented, and are generally assets to the business. They can take risks, and sometimes their ideas will fail, but they are not afraid to fail,
Lastly, I would just like to know what approaches are out there. Everybody has his or her own idea, but I want to know what works for other people. Some will argue against any serious ethical principles at all, some will make ethics a central part of their company. For me, I know that I have to choose a market-based approach, so I am definitely curious to learn about the
Entrepreneurial Dynamic Leadership Process Self-Reflection I have found the Entrepreneurial Dynamic Leadership Process (EDLP) model to be very helpful and relevant in reviewing my own leadership experiences and behaviors so far in my life. I really appreciate the model's emphasis on self-leadership. Leaders must first lead themselves in order for others to follow, or for them to inspire others to action, including their own leadership. I especially enjoy the metaphor of
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now