Essay Strategy and Action Plans for Panera Bread Company
Background about Panera Bread
Case study discussion
Suggested Action Plan based on strategy mentioned in the case study
Comparing suggested plan with actual plan implemented by Panera Bread
Panera Bread Company specializes in bakery-cafes and it one of largest food service company in United states. The company is also operating in Canada. The company is operating in three business segments including bakery-cafe, franchise and fresh dough and other products operations.("2012 Annual Report ," 2013)
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Establishing and review performance measures that encompass efficiency, innovation, quality and customer responsive to the customer.
The reward and recognition processes need to be linked to the performance measures.
Adopt Lean Six Sigma to standardize the processes and products and improve the quality.
Embedding the adaptive culture inside the company by motivating middle and lower levels managers for more innovations and initiatives.This will enable the company to be more productive and to adopt the new required changes.(Hill & Jones, 2013)
Functional structure is recommended because it ease the management control and specialization within the group or unit.(Hill & Jones, 2013)
Information technologies (IT) play major roles in strategy implementation. The following actions are recommend to be implemented by IT division to support strategy impressions.
Improve the communication within the organization and to external entities especially customer.
Standardize , automate and control mission critical processes.