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Mini-Case 1 Analysis - Shake Shack

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Mini-Case 1 Analysis - Shake Shack
Shake Shack is an American fast-casual chain based restaurant in New York City, United States, founded by Danny Meyer. Fast-casual restaurant is one of the fastest growing concepts of the restaurant industry over the last decade. Unlike old-fashioned fast food restaurants, the fast-casual restaurant market is not saturated, and franchise opportunities flourish for the businessperson.
According to the latest industry research, of the total sales the restaurant industry recorded in 2014, fast casual restaurant’s portion was small at about 8%, but the segment grew at a rate of 13%, more than three times the 3.8% growth rate by the industry overall.
Fast-casual restaurant industry perfectly marries the traditional need to eat on the run and consumer demand for healthier options including Non-GMO, organic, humanely raised, drug-free meat food. But desire to eat healthy doesn’t stop the need to eat on the go. Consumers still wanted to eat high quality food quick and casual. This industry in the life cycle sets perfect for Shake Shack to thrive.
Shake Shack fully utilized industry is in the life cycle and became successful. The company went public in January, raising $112 million in an IPO that valued it at around $1.6 billion. At the time Shake Shack announced its impressive first-quarter earnings in May, its stock price had more than tripled.
The company’s leadership fully utilized its resources and capabilities to continue to stay as leader in the pack so far. In order to build a unique brand capability, Garutti, the CEO showcasing his obsessive attention to detail and appreciates how much care goes into every detail, seemingly in service of a single question: How do you bring a high-end dining experience to fast food? At the center of Shake Shack’s mission is Danny Meyer’s philosophy of "enlightened hospitality." In essence,

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