2 Guys

In: Business and Management

Submitted By chism8166
Words 647
Pages 3
Entrepreneurial Leadership
Susan Chism
Dr. Beck
BUS508
25 July 2013

Entrepreneurial leadership is organizing a group of people to achieve a common goal. This paper will take a look at how Five Guys’ philosophy sets it apart from other fast-food chains, analyze the original values for the start-up company, how it remains strong today, enumerate three (3) factors that contributed to Five Guys’ success in a short time and what effect, if any, external markets had on these factors while assessing how ethical and social practices are part of this corporate culture.
The Five Guys philosophy that if you're going to sell hamburgers and french fries in a restaurant industry that is crowded with hamburger-french-fries chains, you'd better do hamburgers and french fries better than anyone else.

In these economic times of do more with less the owners of the Five Guys restaurant chain have obtained great success by keeping it simple. This simplicity was and still is guided by the operating principles of the company’s philosophy that if you're going to sell hamburgers and french fries in a restaurant industry that is crowded with hamburger-french-fries chains, you'd better do hamburgers and french fries better than anyone else. It is this brought them the success that they have attained.

5 concepts/ways of doing business that have proven to be successful for this company is the founding actions that are the foundation of the company’s philosophy.

-Best salesman is the customer. Spend money on the quality of the product and not the décor.
-Every position at the company has value and this is shown thru performance based monetary incentives
-Know what you are good at and stick with it-make burgers and fries

-Quality Is Everything
"The magic to our hamburgers is quality control," Murrell says. "We toast our buns on a grill – a bun toaster is faster,…...

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