Ron Shaich has created an extraordinary company. At the same time he has demonstrated that a leader can serve the interests of all stakeholders without any compromising.
Leaders like Ron Shaich are demonstrating that maximizing the return to shareholders is not the sole purpose of a business enterprise and better not be the sole focus of their leaders. Raj Sisodia and his co-authors further demonstrated that unequivocally in their book Firms of Endearment. They showed that the companies who were committed to maximizing returns to ALL stakeholders did a better job for shareholders than those with shareholder interests as a sole focus. For example, their research showed that the 15 year ROI of the companies who focused on all stakeholders is 1646%; vs, Good to Great companies 177%; and S&P companies 157%.
With Panera Cares Ron Shaich further demonstrates not just his personal compassion but a faith in the compassion and decency of his fellow citizens.
Panera Bread cafes are a superb combination of great food, friendly and competent staff a great ambiance and superb value. Panera Cares adds a new possibility for individuals who can, to support neighbors who need a helping hand eat well, with dignity in a caring and nurturing (in the richest sense of the word) environment.
Ron Shaich has created an extraordinary company. At the same time he has demonstrated that a leader can serve the interests of all stakeholders without any compromising.
Leaders like Ron Shaich are demonstrating that maximizing the return to shareholders is not the sole purpose of a business enterprise and better not be the sole focus of their leaders. Raj Sisodia and his co-authors further demonstrated that unequivocally in their book Firms of Endearment. They showed that the companies who were committed to maximizing returns to ALL stakeholders did a better job for shareholders than those with shareholder interests as a sole focus. For example, their research showed that the 15 year ROI of the companies who focused on all stakeholders is 1646%; vs, Good to Great companies 177%; and S&P companies 157%.
With Panera Cares Ron Shaich further demonstrates not just his personal compassion but a faith in the compassion and decency of his fellow citizens.
Panera Bread cafes are a superb combination of great food, friendly and competent staff a great ambiance and superb value. Panera Cares adds a new possibility for individuals who can, to support neighbors who need a helping hand eat well, with dignity in a caring and nurturing (in the richest sense of the word) environment.