I'm starting to feel like this advice isn't so great anymore. Everyone is trying to do less and what we end up with is a million little apps that do one thing really well, which is great, but you're still dealing with a million separate apps. The iPhone wasn't just a really great phone, it was a phone, an iPod, and an 'Internet Communicator' but because those things were combined in such a great package it really spo…
How Chipotle, Pinkberry, and others win big by doing just a few things well
11–20 of 47 posts
Re: How Chipotle, Pinkberry, and others win big by doing just a few things well
#12Taco Bell has at least fifty menu items (not to mention their multi-brand restaurants). In-N-Out has, well, burgers, fries, shakes and soft drinks. Okay, In-N-Out does a great job. But a Taco Bell kitchen is about the same size, yet produces a substantially larger menu. How do they pull it off? Middleware. At In-N-Out, they make food out of potatoes, buns and refrigerated beef. At Taco Bell, they make food out of ing…
Re: How Chipotle, Pinkberry, and others win big by doing just a few things well
#13Re: How Chipotle, Pinkberry, and others win big by doing just a few things well
#14I'm starting to feel like this advice isn't so great anymore. Everyone is trying to do less and what we end up with is a million little apps that do one thing really well, which is great, but you're still dealing with a million separate apps. The iPhone wasn't just a really great phone, it was a phone, an iPod, and an 'Internet Communicator' but because those things were combined in such a great package it really spo…
So I think you need to factor in the minimum requirements of the device (or foodchain) and then execute with the highest level of quality.
Re: How Chipotle, Pinkberry, and others win big by doing just a few things well
#15Sure, and other companies win big by doing lots of things. Still worth restating though that doing 1 thing well can work great.
It's not even clear that Pinkberry succeeded because of its small product offering or due to some other factor. In fact, the first time I heard about it, a fan was raving about the incredible selection of toppings to choose from.
A whole economics thesis could be dedicated to a controlled study of which strategy is actually preferable. This being the internet, simple narratives tend to win over rigorous results.
Re: How Chipotle, Pinkberry, and others win big by doing just a few things well
#16Earlier quoted context omitted.
Chipotle is a national chain that is highly-profitable. Consider it the Starbucks of Mexican food. Not as good as the "local" place, but consistently okay everywhere you go.
Why consider it the Starbucks of Mexican when it's owned by McDonald's, a better example than any of the companies mentioned thus far.
Re: How Chipotle, Pinkberry, and others win big by doing just a few things well
#17Taco Bell has at least fifty menu items (not to mention their multi-brand restaurants). In-N-Out has, well, burgers, fries, shakes and soft drinks. Okay, In-N-Out does a great job. But a Taco Bell kitchen is about the same size, yet produces a substantially larger menu. How do they pull it off? Middleware. At In-N-Out, they make food out of potatoes, buns and refrigerated beef. At Taco Bell, they make food out of ing…
But every In-N-Out I've ever been to has a line out the door. Taco Bell may have a larger menu but I doubt they have anywhere near the per-store revenues or profit margin of an In-N-Out.
That could also be explained by the fact that there are far less In-N-Out locations than Taco Bell, so one store has to handle demand from over a larger area than Taco Bells.
If In-N-Out has the same density of locations as a Taco Bell, the per-store revenues will be quite different.
Re: How Chipotle, Pinkberry, and others win big by doing just a few things well
#18It's no surprise 37signals is based in Chicago (I just did a whois) if they think Chipotle does Mexican food "well".
Is it Mexican? Not quite. Is it pretty tasty? For fast food, at least.
Re: How Chipotle, Pinkberry, and others win big by doing just a few things well
#19Taco Bell has at least fifty menu items (not to mention their multi-brand restaurants). In-N-Out has, well, burgers, fries, shakes and soft drinks. Okay, In-N-Out does a great job. But a Taco Bell kitchen is about the same size, yet produces a substantially larger menu. How do they pull it off? Middleware. At In-N-Out, they make food out of potatoes, buns and refrigerated beef. At Taco Bell, they make food out of ing…
But every In-N-Out I've ever been to has a line out the door. Taco Bell may have a larger menu but I doubt they have anywhere near the per-store revenues or profit margin of an In-N-Out.
Re: How Chipotle, Pinkberry, and others win big by doing just a few things well
#20Earlier quoted context omitted.
But every In-N-Out I've ever been to has a line out the door. Taco Bell may have a larger menu but I doubt they have anywhere near the per-store revenues or profit margin of an In-N-Out.
> But every In-N-Out I've ever been to has a line out the door. That could also be explained by the fact that there are far less In-N-Out locations than Taco Bell, so one store has to handle demand from over a larger area than Taco Bells. If In-N-Out has the same density of locations as a Taco Bell, the per-store revenues will be quite different.
The many Krispy Kreme franchises in In-N-Out's territory had those kinds of lines out the door once too, but went bust when the lines got short.
Kogi BBQ is the epitome of this model -- they have unfathomably long lines and few locations, but spread their resources around by being mobile.