Blog

Dumbing Down RD Trend in QSR Restaurant Industry

Posted by:

If we can start with the premise that new products drive sales growth in the food industry or any industry, then why does it seem that QSR restaurant chains spend a decreasing percent of sales on the new product R&D engine compared to other departments? Creativity seems to reign supreme, but outside the context of coordinated Marketing, Sales, and R&D development and product commercialization process. Creativity must function within a strategic framework to realize meaningful results, and a long-term commitment to R&D must prevail to achieve the growth we all expect to see. Fortunately, I have met with the CEOs of two food manufacturing companies within the past two weeks THAT GET IT!! Thats good news for our industry!

0
  Related Posts
  • No related posts found.

Add a Comment