2 Guys Essay

647 words - 3 pages

Entrepreneurial Leadership
Susan Chism
Dr. Beck
25 July 2013

Entrepreneurial leadership is organizing a group of people to achieve a common goal. This paper will take a look at how Five Guys’ philosophy sets it apart from other fast-food chains, analyze the original values for the start-up company, how it remains strong today, enumerate three (3) factors that contributed to Five Guys’ success in a short time and what effect, if any, external markets had on these factors while assessing how ethical and social practices are part of this corporate culture.
The Five Guys philosophy that if you're going to sell hamburgers and french fries in a restaurant industry that is crowded with hamburger-french-fries chains, you'd better do hamburgers and french fries better than anyone else.

In these economic times of do more with less the owners of the Five Guys restaurant chain have obtained great success by keeping it simple. This simplicity ...view middle of the document...

-Every position at the company has value and this is shown thru performance based monetary incentives
-Know what you are good at and stick with it-make burgers and fries

-Quality Is Everything
"The magic to our hamburgers is quality control," Murrell says. "We toast our buns on a grill – a bun toaster is faster, cheaper, and toasts more evenly, but it doesn’t give you that caramelized taste. Our beef is 80 percent lean, never frozen, and our plants are so clean, you could eat off the floor. The burgers are made to order. That’s why we can’t do drive-thru’s – it takes too long. We had a sign: “If you’re in a hurry, there are a lot of really good hamburger places within a short distance from here.” People thought I was nuts. But the customers appreciated it."

The owners’ philosophy of better hamburgers and french fries is one that seems to have set them apart from the other major hamburger chains if growth rate and profits are indicators. It seems that the idea of doing it better has worked. And doing it better had been done by treating customers as if they are needed by you, serving hot, fresh not over processed or frozen foods, and by making every customer a sales person for your product. Another supporting feature that supports the concept of doing it better is the human capital element. It has been said that a business is only as good as it’s employees. Again Five Guys has grasped this concept and embraced it by placing value on every employee through various employee programs. This concept of recognizing the value of human capital is done by developing a sense of ownership and responsibility in every employee. This sense of ownership is then translated into employee incentive bonuses for stores that score well on quality audits.
1. Quality
2. Service

Sell a really good, juicy burger on a fresh bun, make perfect French fries and do not cut corners. These were the basic values that started Five Guys over twenty years ago and these ideas still contribute to the ongoing success of the company today. For without the foundational values of product freshness, product quality, cleanliness and quality service the business would likely falter.


Other assignments on 2 Guys

College Essay - Why Do You Think We Are A Good Fit For You

409 words - 2 pages , and this is why I want to go to Sam Houston. I want to study in computer science and become a software engineer. Checking out Sam Houston took the cake. It’s close to home, it has a computer science program, and a great one at that, and I could learn a lot more in the 4 years at Sam Houston rather than the 2 years at lonestar. I want to get a head start on my career. I want to succeed as far as I can and I believe that Sam Houston would help me on

Jklk; Essay

393 words - 2 pages Ben & Jerry’s Ice Cream From a renovated gas station in Burlington, Vermont, to far-off places with names we sometimes mispronounce, the journey that began in 1978 with 2 guys and the ice cream business they built is as legendary as the ice cream is euphoric. In 1978 Ben and Jerry took a $5 correspondence course in ice cream-making from Penn State. After that they made a $12,000 investment and $4,000 of it was borrowed. When the 1 year

Sap Culture Report

3902 words - 16 pages : there’s a series of questions we are asked and they go from basic to more intense but usually the answer is known. There’s this assemblies we hold about 2-3 times a year and at those they baptize people. Alisha: and one final question, do you guys see more love or arranged marriages? Alaina: love Alisha: ok okay. Well thank you guys and that’s all the questions I have. Elizabeth: if you have any more questions definitely go to jw.org


1721 words - 7 pages Travis miller Itt-technical institute. 2-27-2013 The second amendment states that we as citizens have the legal right to bear arms and protect our families .Our current gun laws should not be made more strict because ,gun control laws only keeps ‘the good guys from purchasing firearms, bad guys will always have ways of getting weapons , whether it be from the black market , across borders or even on the street; new gun laws won’t do much in


508 words - 3 pages . When i stared ninth grade they announced that if any one wants you can do night sader every Tuesday and Thursday. And they said if you wanted you guys can ask one of your rabbis or friends to come learn with you instead of being assigned someone to work with. So i called Rabbi Renov and i asked him and he said and now learn every single Tuesday and Thursday. And if i have a test next day well study like one in the morning just to make sure

Cyber Security In Business

1513 words - 7 pages with the business executives. The executives say "we need you to help secure our product." The security guys say "OK, tell me about the product." The business folks say "It's a widget"; at which point the security guys immediately start telling them how to secure widgets. What is missing here? Sure, the security guys tried to learn what the product was. But what is the business objective? What is the business trying to achieve with this widget

Ethical Hacking

2587 words - 11 pages BASIC NEEDS FOR HACKING 1. Learn about hardware - basicly how your computer works. 2. Learn about different types of software. 3. Learn DOS.(learn everything possible) 4. Learn how to make a few batch files. 5. Port scanning. ( download blues port scanner if it's your first time) 6. Learn a few programming languages HTML,C++,Python,Perl.... (i'd recommend learning html

Organization Behaviour

1255 words - 6 pages Part A:- Multiple Choices:- 1. Which of the following is not comes under Maslow‟s needs theory? 1. Social needs 2. Affiliation needs 3. Physiological needs 4. Specification needs 2. Collegial model is an extension of: a. Supportive model b. Autocratic model c. Custodial model d. None of the above 3. Sigmund Freud‟s theory on personality is: a. Related with moral values b. Related with sexual values c. Related with social values d

Small Is Beautiful

2616 words - 11 pages marketing guys to be realistic. It is true that they are correct sometimes. For instance their proposal for a chaser, it worked very well. But that doesn’t mean they can promise heaven to the customer always. It will push us into hell for sure” Von’ Reich: “Excuse me gentlemen, what is this concept of Chaser?” Thomas: “ It was our idea, we found that production was delaying a lot in small rush orders(generally 2-3 in a month from very

Novo Industry

733 words - 3 pages men found that guys who were entirely unfit had the highest risk of heart attack, regard less of their cholesterol numbers. Ultimately, a healthier diet may be one of the best weapons against heart disease - better than taking statins, as statins attempt to fix a the LDL level, which is a symptom if heart desease, and not the real cause. Sources: 1. UCLA Newsroom. http://newsroom.ucla.edu/portal/ucla/majority-of-hospitalized-heart-75668

Persuasive Speech On Birth Control

1246 words - 5 pages research online about the rising problem of teen pregnancy and the unfortunate consequences of contraceptives not being available to teenagers. III. Relating to the Audience: While most of you are probably not teenage parents, I bet many of you know either a couple girls who got pregnant at a young age or a few guys who got girls pregnant at a young age. Teenage pregnancy is something that affects all of us in some way, either in our homes and

Similar Documents

Kjghk Essay

347 words - 2 pages English 132 Online Assignment 2-3 Summary, Paraphrase, Quote Practice Yestiny Williams January 30th 2016 Dave Barry's essay “Guys vs. Men” was about how “Men” has more negative qualities unlike “Guy” which shows that a guy can be indulge in stereotypical characterization. He mentions different mindsets between a male “Guy” and “Men”. He talks about how moral battles between women and men. How male “Men” introduced a new stupidity like

Bus508 Essay

1275 words - 6 pages ) Always fresh, never frozen 2) High quality (98% lean beef, peanut oil) 3) Customer Satisfaction Five Guys got into its current position by keeping what it stands for and what it produces very simple so that customers know exactly what they are getting. Coupled with this it has been in the right place at the right time, as the "better burger" market has grown rapidly in a short space of time. The rise of the better burger and casual dining

Entrepreneurial Leadership Essay

1149 words - 5 pages Wiley & Sons. Burke, Monte (2012) Five Guys Burgers: America's Fastest Growing Restaurant Chain Retrieved Oct 15, 2013 from forbes.com: http://www.forbes.com/sites/monteburke/2012/07/18/five-guys-burgers-americas-fastest-growing-restaurant-chain/2/ Pradhan, S., & Ranajee. (2012). Value Creation by Family-Owned Businesses: A Literature Review. IUP Journal Of Business Strategy, 9(4), 35-45. Welch, Liz (2010). How I Did It: Jerry Murrell, Five Guys Burgers and Fries. Retrieved Oct 15, 2013, from inc.com:  http://www.inc.com/magazine/20100401/jerry-murrell-five-guys-burgers-and-fries.html

Year End Speech (Governor)

523 words - 3 pages Time flies so fast. It only seemed like it was still March 21, 2012 yesterday. And apparently, it was. LOL. But seriously, time flies really fast. Congratulations everybody for surviving this school year. To the 7th graders, congratulations on completing your 1st year here in high school, may you stay strong in your next 5 years. To the 2nd years, congrats on completing your 2nd year in HS! 2 more years to go guys! For the 3rd years, one more