“in the news” “5 ways millennials’ dining habits are different from their parents” by...

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“In the News” “5 Ways Millennials’ Dining Habits are Different from Their Parents” By Ashley Lutz TEAM 7

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Page 1: “In the News” “5 Ways Millennials’ Dining Habits are Different from Their Parents” By Ashley Lutz TEAM 7

“In the News”“5 Ways Millennials’ Dining Habits are Different from Their Parents”

By Ashley Lutz TEAM 7

Page 2: “In the News” “5 Ways Millennials’ Dining Habits are Different from Their Parents” By Ashley Lutz TEAM 7

Synopsis

1. Millennials eat out more often

Page 3: “In the News” “5 Ways Millennials’ Dining Habits are Different from Their Parents” By Ashley Lutz TEAM 7

2. Millennials’ definition of healthy is totally different

Page 4: “In the News” “5 Ways Millennials’ Dining Habits are Different from Their Parents” By Ashley Lutz TEAM 7

3. Millennials increasingly want food with ethics.

Page 5: “In the News” “5 Ways Millennials’ Dining Habits are Different from Their Parents” By Ashley Lutz TEAM 7

4. Millennials are embarrassed to eat fast food.

Page 6: “In the News” “5 Ways Millennials’ Dining Habits are Different from Their Parents” By Ashley Lutz TEAM 7

5. Millennials prefer the fast casual format.

Page 7: “In the News” “5 Ways Millennials’ Dining Habits are Different from Their Parents” By Ashley Lutz TEAM 7

Forces For and Against Change

For Change

Millennials spending habits are projected to peak in coming years

More sustainable and better for the environment

Organic, free-range farmers

Against Change

Cost of fresh and local food

Millennials are not the only consumers

Older employees may resist changes

Conventional farmers

Page 8: “In the News” “5 Ways Millennials’ Dining Habits are Different from Their Parents” By Ashley Lutz TEAM 7

Key Stakeholders

Restaurant Chains

Investors

CustomersMillennials

The Rest of the General Population

Farmers

Food Suppliers

Page 9: “In the News” “5 Ways Millennials’ Dining Habits are Different from Their Parents” By Ashley Lutz TEAM 7

Weisbord Six Box Framework Model

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Purpose Relationships

Structure

Helpful Mechanisms

Rewards

Leadership

Page 10: “In the News” “5 Ways Millennials’ Dining Habits are Different from Their Parents” By Ashley Lutz TEAM 7

Discussion Questions

1. Is the projected peak in spending for millennials a good enough reason for restaurant chains to undergo serious organizational transformations? Why or why not?

2. If organizations decide to make changes based on millennials’ preferences, which stakeholders will be affected and why?

Page 11: “In the News” “5 Ways Millennials’ Dining Habits are Different from Their Parents” By Ashley Lutz TEAM 7

Sources

http://www.businessinsider.com/millennials-dining-habits-are-different-2015-3