Business · Companies · 1 day ago
Denny’s CEO says focus is guiding the chain’s turnaround
Denny’s CEO Christopher Bode says he is using a mentor’s advice to guide the diner chain’s turnaround.
The advice is to manage what the business must address, rather than taking on every possible task.
Bode says companies can lose direction when they pursue too many projects at once.
At Denny’s, he says the focus is on the five pillars of Project Grand Slam, the chain’s broader turnaround strategy.
He also says leaders need to listen to franchisees, who invest in and run restaurants and carry financial risks.
Bode says he shares the focus principle with his leadership team daily as Denny’s works to change the business’s trajectory.
Denny’s CEO Christopher Bode says he is using a mentor’s advice to keep the chain’s turnaround focused.
Bode follows the principle, “Manage what you must, not what you can,” which he learned from former Dunkin’ Brands CEO Jon Luther.
He says he shares the advice with his leadership team daily to help change the business’s trajectory.
Bode said Denny’s focus is on the five pillars of its broader turnaround strategy, Project Grand Slam.
He also stressed listening to franchisees and staying humble.
- Who
- Denny’s CEO Christopher Bode, who took the helm this year.
- What
- Bode described the advice guiding his approach to the chain’s turnaround.
- When
- He took the helm this year and says he shares the advice with his team daily.
- Where
- Denny’s; the interview was with FOX Business.
- Why
- Bode says focus helps the company concentrate on priorities that can have the greatest impact and change the business’s trajectory.
This story does not have two clearly opposing sides.
Manage what you must, not what you can.
So we stay focused on that routinely.
That's what really leads to the demise of organizations, because they try to be too much, too many, and accomplish too many things in a short period of time.
It's the power of ‘we,’ not the individual 'me.'
This story does not have a timeline yet.
- CEO
- Christopher Bode
- Mentor
- Former Dunkin’ Brands CEO Jon Luther
- Turnaround strategy
- Project Grand Slam
- Guiding principle
- Manage what you must, not what you can.
Sources
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