Panera Bread Case Study

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This article described an interview between Dan Schawbel and Panera’s CEO, Ron Shaich. Shaich was chosen for this interview because of his role as the main guest speaker at the Eleventh Annual Conscious Capitalism CEO Summit. Giving a preview of his talking points, Shaich discusses his tips of leading one of the most successful national restaurants chains and continuing his methods of conscious capitalism. Throughout his time as CEO he strives for other companies to take his advice and company practices for their own, he continues to claim that “Conscious Capitalism works”. Shaich additionally stresses Panera’s commitment to “undertake long-term transformations”, delivering support and overall results to their stakeholder, team members, but especially their guests. The results under Shaich’s leadership has been clear, with an over …show more content…

Ranging from a variety of topics including laissez-faire capitalism, competition, and opportunity cost. The one thing I would like to point out in this article which I believe has the strongest connections to what we have been learning was supply and demand interactions. We have learned the relationships between the supply of a product and the demand from a consumer. Panera Bread’s CEO, Ron Shaich recalls an instance of supply and demand from consumer that took place in 2004. Even though not popular by other restaurants or even consumers, Panera was the first company to offer antibiotic- free chicken. At the time the cost for antibiotic-free chicken was extremely high, but Panera deemed it important to have it serve as a staple to their projected goal of 100% clean food. With time, there was an increase with consumers for antibiotic-free chicken, the supply went up and the price came down for Panera. At the forefront of this movement, Panera paved the route for companies to take a strong lead with their initiatives and to be mindful of supply/demand

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