Last summer Restaurant Business became the first restaurant publication to let subscribers read every issue via a tablet app, a distinction that’s yet to be matched. But that’s nothing compared to what we’re trying with our June edition. If we can pull it off, it’ll be the industry’s first by-request magazine, where restaurateurs tell us what information they want to be served. Just give us your request in question form and we’ll track down the answers.
How do you hold the line on prices when commodity prices spike? We’ll scramble up the mountain to find the wise old man in tunic and ZZ Top beard who can enlighten us.
How do you motivate a staff when you have a budget of zero? Piece of cake. Nordstrom’s will be taking notes.
And it needn’t stay in the business realm. Drs. Ruth and Phil are standing by to help you find love and familial bliss (that’s Ruth Marin and Phil Johnson, and they’re not really doctors, or even real people. But you get the idea.)
So help us out and send in your questions. We may have to edit them for style, grammar and all that SAT-test stuff. But we’ll get you the answers. E-mail them to me, promeo@cspnet.com, or, if you don’t want me to know you need advice on meeting Mr. Right, you can send your query to monkeydish@cspnet.com. And, yes, the questions can be anonymous.
We hope to hear from you.
Showing posts with label Restaurant Business. Show all posts
Showing posts with label Restaurant Business. Show all posts
Tuesday, April 3, 2012
Wednesday, January 5, 2011
Scrambled competition--and I don't mean at breakfast
Enough with the pssts about the industry’s trade magazines. I like dishing as much as the next yenta, but I really don’t know what the purchase of Nation’s Restaurant News by the parent of Restaurant Hospitality is going to mean for the titles.
Yes, I worked at the former—twice, in fact—for a total of 11 years, and I’ve competed with the buyer since 1981. But the executives at Penton Media haven’t called to spell out their strategy.
Suffice it to say you only buy something in hopes of generating additional profit. Having two staffs produce separate magazines on two frequencies for overlapping audiences and advertisers doesn’t sound like a surefire means to that end.
Less puzzling is what’s happening at the other title in the field, since I’m personally involved now. As of Monday, I’ve rejoined Restaurant Business, where I served as Editor in Chief for 10 years, as Editor At Large. I’ll also be deeply involved with the publication’s popular event, the Restaurant Leadership Conference, and its website, MonkeyDish.com.
I’ll be working again with Susan Vincer, my friend and former colleague from Restaurant News (she managed the business aspects of the title’s website, and I was responsible for the editorial content).
Best of all, our new employer is going against the tide. Instead of cutting positions, it’s adding us. We’ll be joining a team of veterans that includes Scott Allmendinger, Sam Smith and Bill Anderson. Our rookie is Sam, RB’s editor, with a mere five years in the foodservice media. Most of us can measure our tenure in decades.
So how’re all these developments going to change the competition in the field?
Stay tuned.
Yes, I worked at the former—twice, in fact—for a total of 11 years, and I’ve competed with the buyer since 1981. But the executives at Penton Media haven’t called to spell out their strategy.
Suffice it to say you only buy something in hopes of generating additional profit. Having two staffs produce separate magazines on two frequencies for overlapping audiences and advertisers doesn’t sound like a surefire means to that end.
Less puzzling is what’s happening at the other title in the field, since I’m personally involved now. As of Monday, I’ve rejoined Restaurant Business, where I served as Editor in Chief for 10 years, as Editor At Large. I’ll also be deeply involved with the publication’s popular event, the Restaurant Leadership Conference, and its website, MonkeyDish.com.
I’ll be working again with Susan Vincer, my friend and former colleague from Restaurant News (she managed the business aspects of the title’s website, and I was responsible for the editorial content).
Best of all, our new employer is going against the tide. Instead of cutting positions, it’s adding us. We’ll be joining a team of veterans that includes Scott Allmendinger, Sam Smith and Bill Anderson. Our rookie is Sam, RB’s editor, with a mere five years in the foodservice media. Most of us can measure our tenure in decades.
So how’re all these developments going to change the competition in the field?
Stay tuned.
Monday, June 8, 2009
A 2000 forecast: How'd we do?
At the end of the last century, several industry associations commissioned McKinsey & Co. to craft a detailed picture of what the foodservice business would look like in 2010. It wasn’t intended as some what-if game, or a slab of Jules Verne-like imagineering. Foodservice 2010, released with considerable hoopla, was intended to serve as a roadmap for suppliers and restaurateurs who wanted to keep their businesses in sync with the marketplace. And that setting, McKinsey concluded, was likely to be much different from the world we knew in the year 2000.
But the think tank, it turned out, didn’t have the gift of Nostradamus. Nor The Amazing Kresgin. Or even Carnak. Here were some of the changes it foresaw:
"Chief among them,” wrote the researcher and consulting firm, was “a boost for full-service restaurants over the younger generation’s choice, fast-food restaurants.” Maybe that’ll happen next year, but for right now, fast-food places are walloping their up-market peers. Fine-dining is shrinking into a rarified sector where the Monopoly man can still tuck into a Coq au Vin after checking the polo standings. But that sector, in its classic form, seems to be going the way of the monocle. And casual dining is fighting to recover its relevancy.
Online purchasing would become the norm. If you’re buying music for an iPod, maybe. But the online commerce hubs that proliferated in foodservice during 2000 have faded into obscurity. Each promised at the time to provide a way for restaurateurs to compare prices and buy in an efficient manner that could essentially cut out the middleman. Better deals, consummated with manufacturers either directly or via third-party buying cooperatives. Distributors were expected to be recast as transporters, not wholesalers controlling the supply pipeline, as they traditionally had been. Alas, it clearly never happened. Sysco is probably dispatching a henchman to my house right now because I dared to air the possibility.
Technology would fundamentally change the restaurateur-customer interaction. “For example, PDAs will facilitate mobile commerce which could revolutionize the meaning of takeout,” asserted Foodservice 2010.
The percentage of women working outside the home would continue to rise, albeit at a slower rate. Even before the recession hit with full force, the number of working women had declined.
To be fair, the forecast was on the mark in several respects.
For instance, it advised full-service restaurants to engineer more efficient ways of offering takeout, citing pent-up demand. Today, curbside service is a standard offering for the big casual chains.
It also counseled full-service restaurants to differentiate themselves. Too bad they didn't heed that recommendation.
Almost eerie was the prediction that consumers would simultaneously demand “individuality,” or what chains of all stripes would now label order customization, and “belonging,” or the sense of inclusion that social media is viewed as delivering.
This isn’t meant as a knock on McKinsey or the groups that sponsored the study. It's actually a bit of self-criticism. One of the study's backers was Restaurant Business magazine, which I served at the time as editor. I was also one of the people who were interviewed to give input into the qualitative study.
Rather, the look back underscores how difficult it is to peer a year into the future, never mind a decade. Credit-default swaps were unknown at the time. And yet they’ve profoundly changed the industry’s fortunes since last summer. Who could've imagined such a thing.
Indeed, Foodservice 2010 was marketed as the best of its sort, with a price tag of $2,000 for non-members of the sponsoring organizations.
But the think tank, it turned out, didn’t have the gift of Nostradamus. Nor The Amazing Kresgin. Or even Carnak. Here were some of the changes it foresaw:
To be fair, the forecast was on the mark in several respects.
For instance, it advised full-service restaurants to engineer more efficient ways of offering takeout, citing pent-up demand. Today, curbside service is a standard offering for the big casual chains.
It also counseled full-service restaurants to differentiate themselves. Too bad they didn't heed that recommendation.
Almost eerie was the prediction that consumers would simultaneously demand “individuality,” or what chains of all stripes would now label order customization, and “belonging,” or the sense of inclusion that social media is viewed as delivering.
This isn’t meant as a knock on McKinsey or the groups that sponsored the study. It's actually a bit of self-criticism. One of the study's backers was Restaurant Business magazine, which I served at the time as editor. I was also one of the people who were interviewed to give input into the qualitative study.
Rather, the look back underscores how difficult it is to peer a year into the future, never mind a decade. Credit-default swaps were unknown at the time. And yet they’ve profoundly changed the industry’s fortunes since last summer. Who could've imagined such a thing.
Indeed, Foodservice 2010 was marketed as the best of its sort, with a price tag of $2,000 for non-members of the sponsoring organizations.
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