Advice from Ron Shaich, Founder and co-CEO, Panera:
1) Look beyond shareholder value as its a narrow definition of success and is actually dysfunctional. Profit and stock price are not things I can make. They’re a by product of delivering for all my constituents.
2) It’s ok to think small: The idea that you have to have a broad strategy is not always right. See opportunities to make a difference, and that will bring new things down the road.
3) Don’t obsess over numbers: What drives the P & L is getting stuff done right – the key initiatives. That’s where I focus most of my time.
