11/30/2023 0 Comments Pizza dominos stockIt is said that, "If we fail to remember the past, we will be forced to repeat it." The Domino's Pizza Turnaround Culture, Values and Visionĭomino's Pizza values aren't that complicated, but they are difficult to execute.Ī turnaround like the one in the video above sounds great, but change management is extremely difficult. The most expensive decision was choosing not to make a decision for digital transformation, until it was far too late. It is said that, "If we fail to remember the past, we will be forced to repeat it." Pizza Hut & Papa Johns were the dominant force in the industry, and their failure to control their customer data, continue to innovate and pay attention to changing consumer behaviors was a very expensive decision. It's also important to understand how Domino's used transparency, technology and innovation to become the dominant provider of pizza in the world. If you were speaking with company shareholders, Domino's DEFINITELY “out-pizzas” the Hut. Well, that obviously means different things to different people. Pizza Hut’s slogan clearly states that, “No one out-pizzas the Hut”. So how did Domino's share value rise from $13.80 to a recent high in December 2021 of $564 per share? Domino's Pizza: The Journey From Good to Great: But like Car Dealerships, the level of execution between different franchises and brands are sometimes drastically different. They all take those orders, and deliver pizzas. So what is the big deal with Domino's doing business online? Papa Johns, Marco's Pizza, Little Caesar's and Pizza Hut all have online websites. Domino's Pizza is still a brick & mortar business, with 65% of their business from eCommerce, while 35% is from inbound phone & walk-in traffic.
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