Steve Ritchie has wasted no time in driving efforts and implementing initiatives in his endeavor to rebrand Papa John’s as a more diversified and supportive company for its employees, franchises and customers.
Steve Ritchie became Chief Executive Officer, January 1, 2018 and has been working hard in turning the company around by actively listening to their customers as well as engaging their employees and franchise owners in developing actions to fix what was broken within the organization.
In Papa John’s most recent campaign, “You expected better from Papa John’s. So did we,” they made a point to acknowledge customers disappointment and to let their customers know they were working hard to make things right in an effort to bring them back. At the same time, Steve Ritchie also reached out to its employees and franchises defining the steps the company was taking as to focus on promoting diversification, equity and inclusion, and that this effort was a top priority in creating a new foundation of which Papa John’s can proudly stand on in moving the company forward.
Steve Ritchie recognizes that its people and customers come from all walks of life and the company should embrace that diversity, celebrate it and use its power to become a more supportive institution and acknowledging what Ritchie calls the company’s most important ingredient, its people.
Some of the commitments that Papa Johns and Steve Ritchie has made includes creating a more inclusive franchise development program, focusing on minorities and establishing a foundation that will center on efforts to support local communities. The company has also reached out to Bank of America and Lazard Ltd for guidance on operations and is working with Endeavor Global Marketing in creating more dynamic marketing and advertising campaigns.
2017 was one of the worst performances in the company’s history and Papa John’s is aggressively working to change course by winning back customers they have lost as well as creating a more equitable and opportunistic environment for their employees. Papa John’s is holding itself accountable for past transgressions and is vigorously working to take the company in an entirely new direction.
Paul Saunders is an entrepreneur who is most well known in the business world for his founding of James River Capital Corp. He is currently serving in the role of CEO and Chairman with James River Capital and also serves in these roles for the affiliated firms that are linked to JRC. Paul Saunders holds several academic degrees from the University of Virginia as well as the prestigious University of Chicago. Paul pursued a career in the field of investment banking after graduating from college and a large part of the reason he was drawn to the field is due to the fact that it is one that focuses on the concept of merit as the primary method for advancement. Paul’s success in the business world has, of course, made him a figure that people often seek out for advice and he does indeed have sound advice on a great number of things. One of the things he has recently given his advice about is how employers can keep their employees from getting mired down with feelings of burnout.
On the topic of employee burnout, Paul Saunders recommends that the major things an employer needs to watch out for are an observable change in attitude, reduction of confidence and a general lacking in motivation. These factors are critical for an employer to recognize when they occur. Throughout his long career, Paul has done a great in recognizing these patterns in business. He has certainly become adept at recognizing and working to eliminate the phenomenon at James River Capital. At the end of the day, burnout in employees is caused when they become either emotionally or physically exhausted or both. Learn more: https://www.bloomberg.com/profiles/companies/1266783D:US-james-river-capital-corp
Helping employees in their stress management is one of the major recommendations that Paul Saunders makes in terms of helping to avoid and deal with employee burnout. It is important to remember that burnout is usually the result of the stress that the employee has been experiencing over a long period of time. One thing that an employer can consider in this case is to offer things such as workshops that can help employees learn how to manage and deal with the stressors that occur in the work environment. Employers should also encourage their employees to find ways to unwind outside of work in ways that are completely detached from subjects that would come up at work.
Beginning in 1986 as a branch of Kidder, Peabody and Co., today, James River Capital is a vibrant firm that has been operating independently since the 1995 calendar year. This is when Paul Saunders was able to acquire the full rights to the business. The company is now known for its impressive investment strategy that involves a process of broad diversification.
Nick Vertucci has overcome tremendous struggles to become a successful, self-made businessman. He began at the bottom of his profession and rose to be one of its most successful entrepreneurs. Nick’s early days where rough as he lived in his car at the age of 18. Vertucci was a very confused young man at this point. He believed deep down that there was something better for him than what he was experiencing at the time. Nick finally found employment by selling computers in the local area. He eventually turned this job opportunity into his own business. He met his wife shortly after and they built a family.
Vertucci’s life was moving along fine until the Dot Com crash of 2000. These events took a negative toll on Nick’s business interest and he was forced to reevaluate his financial situation. Nick Vertucci now understands that his family was about to struggle again because he had not properly saved for these events.
The next few years were very troubling as Nick Vertucci worked to support his family on minimal income. They continued to fall deeper and deeper into debt. Eventually Nick was invited to a seminar by a friend of his. At first he was reluctant to attend because he needed to get involved in something that would provide for his family immediately. They were close to losing everything when he decided to take a chance on the seminar. Vertucci realized right away that this would be something he could make into a successful career.
Nick Vertucci has gone on to become a wealthy investor in real estate. His career is an example of what a person can achieve when they are inspired. He has now dedicated his time to helping other people reach financial freedom. Vertucci thanks his mother for giving him the passion to work as hard as possible to achieve his dreams. Nick’s family lost his father at a very young age. At this point is mother was forced to support them on her own. Vertucci always reaches back for these memories to remind him how tough times where at one point.