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FROM Kellogg MBA Blog: Growth, Scaling, and Life Lessons from Jimmy Johns Founder & CEO |
https://kelloggmbastudents.files.wordpress.com/2017/03/img_9925-jimmyjohns-update1.jpg?w=627 By Lauren Davis ’18 Every week at Kellogg there is an impressive schedule of lunch & learns, panels, and events with leaders from all industries and sizes of companies. These events are in addition to the business leaders who are brought in as guest lecturers in courses like New Venture Discovery, as clients for courses like Analytical Consulting Lab, or as judges in case competitions like the Kellogg Business Design Challenge. Since starting here in the Fall, I have heard from several accomplished entrepreneurs and professionals, including:
Facilitated by Professor Karin O’Connor, the scheduled 1-hour roundtable with Jimmy John Liautaud turned into almost 2 hours of engaging story telling. It felt like we circled the world with him and got a firsthand account of his journey, from the initial loan his dad gave him at age 18 to the upcoming plans he has for the franchise. Many of his lessons complemented the tools taught in the core curriculum. From my Business Strategy and Operations Management classes, I saw the Assets and Activities framework coming to life as he explained his use of high quality ingredients and superior service, combined with a laser-focus on efficient operations, to achieve competitive advantage in the marketplace. As the small group of ~15 students went around the room asking questions, a few key growth & scaling lessons stood out in the stories he told: Be Disciplined
Mr. Liautaud opened up about the mistakes he made in managing money early on, and the anguish he felt when he had to borrow money from a friend to make payroll. He talked about how this affected him as a leader and how he made it a priority from then on to do right by his employees. He then told us about a particularly painful time when he lost a partner and good friend on the eve of their second store opening, and the struggle it was to keep moving forward in the face of tragedy. When you read about peoples’ staggering successes, it can be easy to forget the real emotion and daily struggle that comes with the journey. The raw honesty and open dialogue we had throughout the roundtable made for an incredibly powerful discussion. These moments where I can immerse myself in someone else’s story are what make my experience at Kellogg so much more than just the pursuit of a degree. The tactical skills I learn in the classroom will help me excel at my next job, but stories like these will help me get through challenges I cannot yet anticipate. Lauren Davis ’18 is a 2Y student at Kellogg. Filed under: Career, Student Life Tagged: Growth, growth and scaling, Jimmy Johns https://feeds.wordpress.com/1.0/comments ... .com/8440/ https://pixel.wp.com/b.gif?host=kellogg ... ef=&feed=1 |