“I bet no CEO of a company has said this to his team,” Shake Shack leader Randy Garutti tells a roomful of employees. “I want to challenge you to put us out of business.” advertisement advertisement It’s less than 30 minutes before the 11 a.m. grand opening of what will be the 66th Shake Shack–a gleaming, multimillion-dollar outpost located in a Victorian brownstone on Newbury Street, in Boston’s gold coast shopping district. The assembled workers sit riveted, but this last-minute dare is probably not what they were expecting. Garutti, the company’s CEO, has been up since 3 a.m. He came to Boston on a late-arriving early-morning Amtrak train, and he plans to hit three other Boston-area Shacks before heading home to New York. It has already been a long day. Is he having some kind of stress-induced, Howard Beale–style meltdown? Well, no. He’s just passing along a bit of the wisdom that has made his company one of … [Read more...] about How Shake Shack Leads The Better Burger Revolution
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Do you remember the day when Netscape became a $2 billion company, or when Amazon upended our online expectations by introducing 1-Click shopping? How about when Napster faced down Metallica and Twitter showed us what was really happening on the streets of Tehran? These are the moments of innovation that changed our world and continue to point us to the future. advertisement advertisement 1995: The birth of the fast company It was the IPO pop heard round the world: How Netscape’s triumph signaled the arrival of a new business model—and a new mind-set. I first realized that August 9, 1995, would be a day to remember when two coworkers bet each other on the opening and closing price of a new stock issue from a Mountain View, California–based company called Netscape Communications. Their excitement was electric, and it only grew as the stock doubled its offering price from $14 to $28 that morning; by the time it started trading after 11 a.m., the stock had … [Read more...] about 20 Moments From The Past 20 Years That Moved The Whole World Forward
Ascent Meditech, the consumer health product company, is planning to triple its revenues in next 3 years to Rs 500 crore.The company, which had raised private equity (PE) money last year from LeapFrog Investments, is setting up a greenfield facility in South Gujarat at an invetment of around Rs 100 crore.Rajiv Mistry, founder and Managing Director of Ascent Meditech, said the company purchased 12 acres of land in South Gujarat to set up the new facility.Close The upcoming facility to be completed in two phases, would be spread across 1 million square feet, and is built with an intention to be compliant with USFDA regulation. The new facility with a capacity to produce 100,000 units per day is expected to house the R&D and design studio as well. related news China, US agree on text of phase one trade deal to end trade war: Chinese official media RBI Central Board discusses functioning of co-operative banks Currently, Ascent has five manufacturing units scattered in … [Read more...] about Betting big on its upcoming facility in Gujarat, Ascent Meditech sets ambitious revenue target
In 2015, McDonald’s President and Chief Executive Officer Steve Easterbrook made it his mission to whip the beleaguered burger company into shape. In addition to focusing on improving food and service, forging a “contemporary restaurant experience” was front and center. New packaging was a no brainer in the plan to refresh the brand. Beginning this month, McDonald’s is phasing in new bags, cups, and boxes that embody a less-is-more mantra. The company’s packaging may be going on a diet, but is that enough to convince customers that positive change is afoot? advertisement advertisement The last time McDonald’s redesigned its global packaging was in 2013. It featured a frenetic collage of QR codes, slogans, illustrations, and symbols. Back then, the emphasis then was on storytelling using graphics. Now, it’s about using simplicity to convey the company’s new agenda of being modern and progressive. The Spartan concept riffs on what … [Read more...] about Can Packaging Design Make You Feel Better About Eating Fast Food? McDonald’s Hopes So.
Highlights- Historic win for Conservative party reduces political uncertainty- Victory an implied affirmation for Brexit- Next step: Deal follow-through in Parliament; Transition in focus- Positive for pound, UK equities (smallcaps) and Indian exporters to UKUK’s Conservative party led by Prime Minister Boris Johnson has secured a resounding election mandate which will put much of Britain's political uncertainties to rest. The unusual election, which was fought primarily on Brexit, has led to a massive win for Conservatives last seen when Margaret Thatcher had come to power. This is also seen as the second UK referendum in favour of Brexit.With the mandate, Johnson can easily pass the first hurdle of UK Parliament’s approval for his Brexit plan. The Street is expecting a quick follow-through in Parliament and an anticipated ratification from the European Union (EU). While sketchy details of a free trade agreement will keep politics and markets on the edge, the market is … [Read more...] about Huge mandate for UK’s Johnson clears political fog, India Inc smiles