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Ron Shaich

👤 Person
1246 total appearances

Appearances Over Time

Podcast Appearances

The Knowledge Project
The Brutal Truth About Success No One Talks About | Panera Founder Ron Shaich

I'd do so.

The Knowledge Project
The Brutal Truth About Success No One Talks About | Panera Founder Ron Shaich

And I'd hand them the baguette machine.

The Knowledge Project
The Brutal Truth About Success No One Talks About | Panera Founder Ron Shaich

And they'd pull out a little bag from a supermarket.

The Knowledge Project
The Brutal Truth About Success No One Talks About | Panera Founder Ron Shaich

They'd put some boursin and roast beef on or smoked turkey.

The Knowledge Project
The Brutal Truth About Success No One Talks About | Panera Founder Ron Shaich

And again, you didn't have to be a marketing whiz to say, wait a second, what they really care about, the job they want is a sandwich.

The Knowledge Project
The Brutal Truth About Success No One Talks About | Panera Founder Ron Shaich

They want something.

The Knowledge Project
The Brutal Truth About Success No One Talks About | Panera Founder Ron Shaich

It's not the croissant or bread they want itself.

The Knowledge Project
The Brutal Truth About Success No One Talks About | Panera Founder Ron Shaich

It's how that forms a platform for something else.

The Knowledge Project
The Brutal Truth About Success No One Talks About | Panera Founder Ron Shaich

And we began to say maybe the opportunity, the job that the customer wanted to hire us for was actually to make them the sandwich, make them the salad, use the croissant and bread as a platform.

The Knowledge Project
The Brutal Truth About Success No One Talks About | Panera Founder Ron Shaich

And straight up, again, doesn't seem like a revelation now, but we began to rebuild this concept around that idea.

The Knowledge Project
The Brutal Truth About Success No One Talks About | Panera Founder Ron Shaich

And very quickly, this broken bankrupt company, Old Bonpens, started taking off.

The Knowledge Project
The Brutal Truth About Success No One Talks About | Panera Founder Ron Shaich

And when we were selling sandwiches and croissants, it was an elevated food experience.

The Knowledge Project
The Brutal Truth About Success No One Talks About | Panera Founder Ron Shaich

People loved it.

The Knowledge Project
The Brutal Truth About Success No One Talks About | Panera Founder Ron Shaich

And this broken down little company in the course of six, eight years took off.

The Knowledge Project
The Brutal Truth About Success No One Talks About | Panera Founder Ron Shaich

It became a category in malls across North America.

The Knowledge Project
The Brutal Truth About Success No One Talks About | Panera Founder Ron Shaich

We had everybody from Pepsi and Sara Lee attempt to take us on or buy us out or take us out.

The Knowledge Project
The Brutal Truth About Success No One Talks About | Panera Founder Ron Shaich

By 1991, the manifestation of that was we went public based on this model of a French bakery cafe as opposed to just a French bakery.

The Knowledge Project
The Brutal Truth About Success No One Talks About | Panera Founder Ron Shaich

That was one learning, that observation, that empathetic observation of the power of the product, not as an end in and of itself, but as a platform that led to a powerfully successful concept.

The Knowledge Project
The Brutal Truth About Success No One Talks About | Panera Founder Ron Shaich

The same thing happened again.

The Knowledge Project
The Brutal Truth About Success No One Talks About | Panera Founder Ron Shaich

By 93, Au Bon Pain was beginning to run out of organic growth.