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Theories for succession planning
Theories for succession planning
Theories for succession planning
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Norman Brinker began his career in the restaurant business in 1950 as a partner in the Jack-in-the-Box restaurant chain. As a result of Mr. Brinker’s passion for the restaurant industry, he created the casual dining concept. Opening the first Steak and Ale in 1966 allowed him to bring this concept to life. Later, he developed the Bennigans chain, sold both chains to Pillsbury Corporation, and took over as vice president of Pillsbury. Brinker International was formed in 1984 after Brinker left Pillsbury to purchase 40% interest in Chili’s restaurant chain (Nelson & Quick, 2006). With the forming of Brinker International, Brinker was now able to pursue his vision of casual dinning more progressively.
According to the Brinker International website, the Company has over 1600 restaurants worldwide that generates approximately $4 billion in sales annually (http://www.brinker.com). Some of these restaurants include, Chili’s Grill and Bar, Romano’s Macaroni Grill, On the Border Mexican Grill and Cantina, and Maggiano’s Little Italy. During 2000 to 2003, these restaurant chains were recognized among the 400 best companies in America by Forbes magazine (Nelson & Quick, 2006). Much of Brinker International’s success is due to the management, leadership, and followership of Norman Brinker.
Mr. Brinker is well known for his leadership abilities; however, he first became a winner through his management skills. Being able to plan, budget, organize, and hire the right staff to get the job done led to his success with Steak and Ale. Moreover, Brinker’s vision was a key aspect that led him to become an accomplished leader. The leadership process he incorporated allowed him to set goals and directions for his Company. His charismatic style empowers and motivates people within his Company to work toward these goals and incorporate change within the organization when necessary. Through his powerful leadership style, Brinker molded many followers ultimately transforming them into future leaders.
Brinker’s leadership philosophy is that “winners attract winners” (Nelson & Quick, 2006). With this philosophy, he has made succession planning an integral part of Brinker International’s success. After retiring in 2000, he handed over his leadership to Ron McDougall, his protégé since working together in 1974. McDougall has also handed over his seat as CEO to Todd Diener, who has been with Brinker since 1981 (Nelson & Quick, 2006). This is an example of continued followership steered by Brinker.
Overall, a leader’s style influences employees’ perceptions, levels of trust, and behaviors, and sustains a particular culture, which reinforces a distinct style of leadership (Carter, Ulrich & Goldsmith, 2005). In this case, Jeffers would benefit from becoming a more authentic leader. Authentic leaders align their values, convictions, and mission to be similar to those of their fellow managers and followers (Shamir & Eilam, 2005). In the long run, Jeffers should lead from a belief that Fortuga produces superior merchandise, and his employees and artisans are a critical component to achieving their mission.
Chad Miller, manager of Buffalo Wild Wings in Dubuque, excellently showcases leadership characteristics each time I work with him. Throughout my one and a half years working underneath him, I have witnessed many great exchanges of leadership from Chad to customers, employees, and his other managers. He remains professional, shows his passion for the sports within the restaurant, as well as the food and atmosphere, clearly communicates effectively, and has inspired many people to move up within the company. However, another great example of leadership comes from the Director of Student Life, Diversity, and Leadership of Northeast Iowa Community College, Kara Popp. She exudes professionalism, while maintaining a light atmosphere during the time I work with her. Her communication style clearly shows her passion for the school by consistently instilling excitement and enthusiasm into her audiences. As president underneath of Kara, I have transformed into a proper leader. Although my previous leadership experience, as an 18 year old manager at a McDonald’s restaurant, showed my immaturity throughout my tenure, but beca...
Moore, L 1997, The Flight to Franchising, US News & World Report. June 10, pp. 78-81.
In1954, Ray Kroc, a multimixer salesman came upon the McDonald brother’s restaurant and was inspired to join the bu...
In today’s world even with the economy suffering and individual income declining, the food industry is still up and running. Chain restaurants, mom and pop establishments, and fast food restaurants that are learning to market their products cheaper and more reasonable to the consumer are still going strong in the United States. They are offering healthier meals due to the consumer wanting to become healthier. They have their ups and downs like any business but are learning to give the consumer what they need and desire. That is the way restaurants keep their customer happy, by buying products from company like Sysco, Gordon’s Food Service, (GFS), and other restaurant suppliers. However; Sysco is the number one supplier to restaurants and hospitals, making them the most profitable company in the world (Sysco.com, 2011).
Throughout history, the organizational landscape has been highly competitive. Effective leadership aligned with the core corporate strategy can serve as a powerful lever to achieve success in a fast paced business environment. We have seen great leaders taking their businesses to new heights. They knew how to build great companies while treating their employees well, how to improve or change dysfunctional corporate cultures, reinvigorating tired brands and develop new strategic plans. Others proved themselves difficult to work for, stubborn and even out-of-touch. The following report analyzes the leadership of Robert Nardelli who is the chairman and Chief Executive Officer of Chrysler.
As a whole, Warren Bennis defined the values and achievement plan for becoming the most successful leader one can be. He highlighted the link between self knowledge and business. A leader is not just “doing a job” or “running a company,” but it’s finding one’s personal vision. Bennis tries to do as much as he possibly he can to shatter this myth. Today, more people are starting to learn what leadership exactly means and what is expected of a leader. It might be evident that in the future competition will be harder
A leader must demonstrate many traits in order to be measured as someone who can truly be an effective difference maker. Many dissimilar authors have differing opinions on who is, or how to become a leader. Jack Welch, former General Electric CEO, believed that in every leader should personify his qualities that he called the 4E’s of leadership. He even created a management training institute in order to give all his managers the proper training in his techniques. “Crotonville, served as a forum for the sharing of the experiences, the aspirations, and, often the frustrations of the tens of thousands of GE leaders who passed through its campus” (Welch). The 4E’s of leadership are energy, energizers, edge, and execute. Someone with energy would wake up every morning with the desire and passion to motivate them through the day. An individual also need to have the capability to energize others in order to over achieve and out perform their peers. You need to have the edge, or d...
Corning is a decentralized company currently being plagued by both external and internal threats, such as market uncertainty and poor communication and planning systems. The company has just recently started to recover from a large layoff in 1975, which reduced worker job confidence. The Houghton family has a preference for an informal workplace with an ambiguous leadership style that contradicts the formal and strict resource allocation system designed for their international strategy. The current strategy being employed differs with the owner’s philosophy, which is important, since the President must buy into the plan to understand and communicate it effectively. This miscommunication creates goal incongruence, which is exemplified by the confusion of corporate divisions about whether they should be focusing on reducing cost or being an innovator. Also, each officer has been described as having work that overlaps, showing no focus and a lack of efficiency. The fact that each of the over 150 businesses groups have to write up a resource allocation request and business strategy creates the issue of finding time to read each report.
Destiny, brought the book True North: Discover Your Authentic Leadership into my life and I want to bring it into the lives of others. More specifically those who may believe they weren’t born with the characteristics or traits to become a leader or those who have not found their passion or purpose in life; their “True North.” The book, written by Bill George and co-author Peter Sims, compiles a series of interviews with 125 managers from Howard Schultz of Starbuck’s to Dan Vasella of Novartis. The interviewees guide readers through their journey to become the leaders they are today; discussing their failures, successes, obstacles, personal tragedies and triumphs. The stories of each manager prove the True North’s thesis, which is no one person is born a leader and there isn’t one path to becoming a leader. The book is separated into three sections: 1) Leadership is a Journey 2) Discover Your Authentic Leadership 3) Empowering People to Lead. Before giving overviews of each section, it is important to define an authentic leader.
Richard believes that his vision for the company, a two-tiered concept with a top microbrewery producing fresh, quality beer and a chain of brewpubs, has potential. However, due to the more complex nature of running a restaurant, he believes that the company has yet to figure out how to run its restaurant business profitably.
With this experience as well as other opinions, statistical evidence, and experience in other restaurants I’ve determined On the Border to be lacking in its processes with the industry electronically, In order to criticize and analyze this company, Golden Gates approach to business must be recognized as well as its style of procedures. Golden Gate is able to aggressively pursue investment opportunities within and across our vertical markets to deliver capital for all types of transaction structure, ranging from conventional buyouts to complicated corporate carve-outs, bankruptcy restructurings, refinancing and going private. This meaning, that the company is a very powerful with its investment privileges and takes big leaps and risks to reach certain heights, This along with remodeling bankrupt businesses and carving new corporate layouts means that they aren’t too focused on the little details. They are more focused on big leaps and gains through major
Brinker is seen as one of the most influential chain builders in food service history. He believes that winners attract winners. He shows confidence in himself and has successfully led several companies in a highly competitive industry in which most fail. He surrounds himself with people who believe in themselves and are successful. He feels success is contagious. Brinker has developed a followership at Brinker International of effective followers. Effective followers are the most valuable to a leader and an organization because of the contributions they have. These followers practice self-management and self-responsibility which means they can be relied on hence the protégé Ron McDougall who took the reins as leader when Brinker retired, as well as, aligning McDougall’s predecessors. All believe what Brinker developed at Brinker International, a culture driven by integrity, teamwork, passion, and an unwavering commitment to making sure each and every guest has an excellent dining experience. He also helped promote an ethical organizational culture where people respect one another and work collaboratively in seeking to provide excellent meals and service. Effective followers are also committed to both the organization and a purpose, principle, or person outside themselves. They invest in their own competence and professionalism and focus their energy for maximum impact.
Being a CEO is proven to be much more difficult than trying to become one. Over the last few months we have been examining the reasons behind the successes and failures of some great CEO practitioners. It seems that, despite the different managerial styles, great CEOs employ some common techniques. The following pages contain the golden rules of successful business leadership.
Leadership, without doubt, is a significantly important function of management. It helps to aggrandize efficiency and to fulfil an organization’s goals. Leadership is the ability of a manager to induce the subordinates to work with confidence, determination, courage and zeal. It is also defined as ability to influence a group towards the realization of a goal. Leaders should have the capability of developing future visions, and to drive the organizational members to want to attain the visions. This paper states my points in which I duly believe, justifies the importance of an outstanding leader in any organization.