Domino is a popular game of chance in which players place small, flat blocks (called dominoes) edge to edge on top of each other. The goal is to knock over all the pieces without missing any. Some types of dominoes are shaped like dice or poker chips, and some have a variety of other features. The traditional European-style dominoes are made of bone, silver lip ocean pearl oyster shell (MOP), ivory, or dark hardwoods such as ebony. Some are painted or inlaid with contrasting black or white pips, which add color and contrast to the dominoes.
The “domino effect” is a phrase used to describe the way that a single event can create a cascade of events that ultimately result in something much larger. This can be especially true of fiction, where a simple action such as writing a book or getting married can lead to an entirely new direction for a story, one that is even more interesting than the original one.
Leadership and Management
In the past, many people have thought of leadership and management as having similar qualities. However, there is a big difference between the two.
Leadership is more about standing out from the crowd and influencing others. It also requires a different type of skill set from that of management, which is more bureaucratic in nature.
Domino’s is a great example of a company that has been able to take a step back from its traditional business model and make significant changes that have a direct impact on its brand image.
To achieve its goals, the company has focused on a few things:
Franchisee selection: Over 95% of the company’s U.S. franchisees started as drivers or in-store employees and have extensive experience with the company’s business model and culture.
Delivery: The chain’s efficient delivery system has been a key competitive advantage over the last several years and continues to be an important factor in driving customer traffic and revenue.
Staffing shortages: The current labor shortage has negatively impacted store count growth and running sales promotions, while also reducing the number of available hours in stores that depend on delivery service. The company is leaning on its digital channel and carryout business to help navigate these challenges and continue to grow the business.
Domino’s is a leading player in the market because of its excellent ROIC and best-in-class supply chain efficiencies. These advantages should drive more market share gains over the long term.
Another reason why Domino’s has been able to thrive in the face of these challenges is that it understands the importance of having good leaders. The company uses behavioral theory to identify and cultivate leaders. It has adopted a more participative and transparent leadership structure that allows employees to participate in the company’s decision making process.