At last month's Fast Casual Executive Summit outside Los Angeles, restaurant marketing consultant Gerry O’Brion said the difference between winners and losers in the food service game is differentiation. Brands that can clearly answer four key questions are primed to lead this highly competitive segment of the economy.
November 30, 2016 by S.A. Whitehead — Food Editor, Net World Media Group
Few restaurateurs would deny that the food service landscape is crammed to overflowing with viable players. In fact, according to food service marketing consultant Gerry O'Brion, there are now about one million U.S. restaurants in this nation of 320 million people. That's one restaurant for every 320 people, and one big reason why fully one quarter of all restaurants fail nationally.
Last month, at the Fast Casual Executive Summit outside Los Angeles, O'Brion used those cold, hard numbers to crystallize one idea in the minds of restaurant leaders about surviving in food service today: The difference between winners and losers in this game, he said, is all about differentiation.
During a gathering of several hundred restaurant leaders at the ocean-side summit, O'Brion laid out the details from his research that support a short list of success factors employed by this country's biggest brands. Taken to its purest distillation, O'Brion told the audience that truly successful brands are those that have carefully considered and implemented key features that set their brand apart from its competitors.
But, he said, the best brands don't just settle for any old differentiating gimmick. O'Brion explained that the real winners have differentiated themselves by first clearly defining who their customer is and how best to meet their needs. To that end, he urged restaurateurs to consider the four following questions to develop clear, detailed answers:
6 questions that answer a restaurant's 'why'
In order to truly achieve the kind of differentiation that successful brands need to survive and thrive, O'Brion urged his audience to consider six critical factors that, when answered, will flesh out the reasons their brand not only exists, but is distinguished from others vying for customers. Those six factors include:
Pizza Marketplace and QSRweb editor Shelly Whitehead is a former newspaper and TV reporter with an affinity for telling stories about the people and innovative thinking behind great brands.