4 ms·
> I find it so socially interesting that “the most successful CEO in the restaurant market” is judged by something that has nothing to do with the quality of th
by alephnerd 2y ago
> I find it so socially interesting that “the most successful CEO in the restaurant market” is judged by something that has nothing to do with the quality of the food.
Great observation!
Different industries have different margins. High margin industries give breathing room for stronger Product-Market Fit to emerge. PMF forces companies to try and optimize for customer satisfaction, and protects against commodification by keeping customers happy.
On the other hand, in industries with low margins (eg. Restaurants), commodification is extremely high so penny pinching is critical in order to manage your operating costs. Furthermore, you will be dependent on outside investors to raise capital, so Investor Relations becomes critical.