I was looking at something related to Domino’s Pizza and a thought jumped into my brain. Over the last ten years, Domino’s (NYSE – DPZ) has been a great performer — as as stock. Look at what they have done. Most impressive. Pizza.
They were the pioneers in pizza delivery. Today, they have 16,000 units and expect to add 2,350 additional units by 2028.
So, today, we speak of Buc-ees, a Texas phenomenon in which an Old School Idea is scaled like it was the hottest tech going.
Really, Big Red Car? Buc-ees?
Buc-ees is a company that could only be in Texas because it is that BIG! It is a gigantic fuel station and a huge store with the CLEANEST BATHROOMS ON THE PLANET.
As you know I am enamored with Dollar General — America’s neighborhood store. I wrote about them about nine months ago when their stock was at $107.84/share.
Now, it is at $127.10 and they have announced an additional 900 stores to be opened in the 44 states in which they operate. This is an example of simple execution. Nothing more.
Simple plan. Steady execution. Recognition and reward from Wall Street.
Dollar General’s chart looks excellent and it is likely to continue to grow in the same direction. Bravo!
Big Red Car here on a wet Austin By God Texas day. It is May, y’all, and it is time to contemplate the Memorial Day floods.
Here is a pic from the 1981 Memorial Day floods, my first personal intro to the phenomenon. This pic is taken at the bridge in front of Hut’s Hamburgers, home of some of the best burgers on the planet. There were car lots next to Shoal Creek and hundreds of cars ended up in the creek.
When you come to Austin, you are going to want to get a Hut’s Hamburger. Trust me on this. Get the hickory burger.
In case you have not heard, Harry’s has been sold to Edgewell Personal Care Company in a $1,370,000,000 stock-and-cash deal.
The founders of Harry’s — Andy Katz-Matfield and Jeff Raider — will head up Edgewell’s US operations as co-presidents.
Edgewell is also the owner of Schick and Wilkinson shaving products and thus this is a strategic acquisition.
The other day I was reading a blog in which a particular management methodology was discussed. It seemed noticeably similar to Peter Drucker’s concept of Management by Objectives contained in his excellent book, The Practice of Management (1954). It got me thinking about Peter Drucker.
One of the phenomenon in business, particularly in the venture capital funded startup business world, is a complete lack of appreciation that businesses existed long before the invention of the personal computer or the Internet.
I often joke, “Your generation did not invent sex or business” by which I mean it is worthwhile to have knowledge of things from before the Internet.
I wish I were not using President Donald J Trump as an exemplar for part of my blog post, as it is not intended for a political discussion, but rather for the CEO and his/her slice of capitalism.
As a CEO, two of the elements of your company that can be (must be?) managed are expectations and messaging. They are intimately related.
As a CEO, you are converting a Vision into a Mission and creating Strategy, Tactics, Objectives in a framework of Values which define a Culture.
Click on this graphic to see it at larger scale. It shows how these things are related. There is both structure and process at work here.
I often find that CEOs are comforted when they are able to see how all of these concepts are related and work together. It proves up the structural elements of your rapidly evolving process.
Bit of a gray day out here in the ATX which is a great day to be viewing the bluebonnets. Bluebonnets do not belong to a union. If they did, they would require more rain, no?
Today, however, we speak of the unionization of tech companies. A pal of mine (tip of the hat to LE of the City of Brotherly Love) sent me an article announcing that the staff of Kickstarter is going to become members of the Office and Professional Employees International Union Local 153.
In announcing this bold step, the union had this to say:
Kickstarter United is proud to start the process of unionizing to safeguard and enrich Kickstarter’s charter commitments to creativity, equity, and a positive impact on society. We trust in the democratic process and are confident that the leadership of Kickstarter stands with us in that effort. Kickstarter has always been a trailblazer, and this is a pivotal moment for tech. We want to set the standard for the entire industry. Now is the time. Come together. Unionize.
Kickstarter is the first notable tech company to embrace the idea of a union, but in the last few years employees have begun to speak with a louder voice at some of the other companies on issues such as sexual harassment [talking to you, Uber] and selling technology to the Pentagon [talking to you, Amazon, Sales Force].
These louder voices are what has attracted OPEIU to come calling.
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