MANAGING in the

NEW WORLD

Osteria Francescana has now been voted as the world’s best restaurant in a noted study. But all was not rosy at the beginning. The restaurant was panned by Italians due to its constant experimentation in a culture which adheres to centuries-old norms when it comes to culinary habits. The initial success and subsequently being granted Michelin stars could have led to some sort of complacency, as is a common feature across successful new companies. But instead Osteria Francescana has constantly built on success due to it evolving at all times. Business innovation is the norm at Osteria with new practices or recipes being experimented with. Novelty is rewarded here above the mundane. This creativity also leads to an improvement in job satisfaction, further linked with increased productivity.

Source:https://hbr.org/2018/06/what-the-worlds-best-restaurant-knows-about-keeping-its-creative-edge

Uploaded Date:04 June 2018

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