Chipotle’s CEO Boosted Revenue by $2 Billion Using These 2 Simple Techniques. Any Business Can Use Them.

America loves a good redemption story. While you probably wouldn’t think of Chipotle as a business in need of redemption, it was suffering a bit when CEO Brian Niccol took the helm in 2018.

For many years, Chipotle was soaring — adding 200 restaurants a year at one point — with a bright future ahead. The problem? Food integrity and customer service were taking a hit.

Niccol recognized this as soon as he took the reins. His solutions, while in some ways specific to Chipotle, lean on methods that any business should be leveraging. As a result, growing lines and wait times were cut, customers better understood the company’s approach to food integrity, and brand loyalty grew. 

Here’s what Niccol did, in a nutshell:

  1. Trained staff to be customer-centric, regardless of the work they did. Managers were encouraged to ask customers for feedback — but so were frontline employees. They asked specific questions about the quality of the food, the service, the experience. And they took the feedback to heart, making changes that had ripple effects across the company.
  2. Leaned heavily on product integrity — and education. This was a two-pronged approach for Niccol. First, he encouraged culinary excellence, training his team to actually taste the food they made and make adjustments instead of going through the motions. Then, he educated customers on ingredients sourcing, explaining that seasonality affects flavor — and supply. The number one goal? Quality. 

Niccol’s efforts redounded to the company’s benefit, boosting revenue by $2 billion over four years — a testament to the importance of these two simple techniques. And they’re not unique to Chipotle; these methods work for any company in any industry.

So what are the benefits?

  • You create a service-oriented business that inspires loyalty. According to Microsoft, 90 percent of Americans consider customer service a factor in deciding whether to do business with a company. If you know how to treat a customer — and give them the opportunity to share their thoughts, opinions, and preferences — you win repeat business.
  • You make your product(s) the best on the market instead of spreading yourself too thin on new product development. Offering quality says you care about giving your customers the very best; offering quantity (to the detriment of quality) says you want to make more money.

None of this is rocket science, but in this day and age, it’s easy to get caught up in advertising campaigns, side projects, shiny new tech, and internal reorgs. Successful business — and growing profits — really just comes down to two questions: Are you putting the customer first in everything you do, and are you making the best possible product you can?

Note: This article have been indexed to our site. We do not claim legitimacy, ownership or copyright of any of the content above. To see the article at original source Click Here

Related Posts
Jeff Bezos’ Road To Riches: Behind The Billions thumbnail

Jeff Bezos’ Road To Riches: Behind The Billions

Chairman & Founder, Amazon No. 2 Rank on 2023 Forbes 400 List Of Richest Americans $161 B Net Worth as of September 8, 2023 AGE: 59 | SOURCE OF WEALTH: AMAZON | SELF-MADE SCORE: 8/10 | RESIDENCE: MEDINA, WASHINGTON | CITIZENSHIP: UNITED STATES | EDUCATION: BACHELORS ARTS/SCIENCE, PRINCETON UNIVERSITY Jeff Bezos quit his job at
Read More
Explore the Outdoors in Comfort with a $99 Discount on CARSULE thumbnail

Explore the Outdoors in Comfort with a $99 Discount on CARSULE

Disclosure: Our goal is to feature products and services that we think you'll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners. Entrepreneurs and busy professionals may love the experience of camping for the ability to disconnect, relax, and convene
Read More
XRP Trading Volume Slumps While Price Gains thumbnail

XRP Trading Volume Slumps While Price Gains

Since 2020, XRP has struggled to remain relevant and valuable to its investors. The US Securities and Exchange Commission’s attack on the project brought a drastic decline that no one expected. However, amid the ongoing case, XRP showed resilience, leading supporters to commend it as an asset to watch. Even though the price has seen
Read More
Index Of News
Total
0
Share