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How Leaders Lead with David Novak

#30: Niren Chaudhary, Panera CEO—Begin With the End in Mind

How Leaders Lead with David Novak

David Novak Leadership

Entrepreneurship, Business, Management

4.8596 Ratings

🗓️ 4 March 2021

⏱️ 61 minutes

🧾️ Download transcript

Summary

Today’s guest is Niren Chaudhary, CEO of Panera. Have you ever been absolutely overwhelmed by a challenge? Maybe it was a crisis … or a huge turnaround effort … or just a really complex problem you had to fix? Those are the moments that define us as leaders. And Niren Chaudhary can teach us so much about how to turn those challenging moments into defining wins. When he took over at Panera in 2019, Niren had an uphill challenge to revitalize a fading brand. He made some big shifts and got the company back on track … And then – wham – the COVID crisis hit and they lost 50% of their business in a week.  Talk about big challenges! In those moments, Niren says, we have “begin with the end in mind.” What does reality look once we get through that challenge? That big vision gives our teams the hope, optimism, and clarity they need to move through it.  When it comes to tough situations, few people have more wisdom than Niren. This episode will inspire you to tackle your next big challenge. You’ll also learn: A priceless blueprint for any leader tasked with a big revamp Four key insights for building a business in a post-COVID world The game-changing mindset you can use when you feel overwhelmed How to communicate a big idea so people actually remember it Take your learning further. Get proven leadership advice from these (free!) resources: The How Leaders Lead App: A vast library of 90-second leadership lessons to stay sharp on the go  Daily Insight Emails: One small (but powerful!) leadership principle to focus on each day Whichever you choose, you can be sure you’ll get the trusted leadership advice you need to advance your career, develop your team, and grow your business.

Transcript

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0:00.0

Welcome to How Leaders Lead where every week you get to listen in while I interview some of the very best leaders in the world.

0:10.2

I break down the key learnings that by the end of the episode, you'll have something simple that you can apply as you develop into a better leader.

0:18.4

That's what this podcast is all about.

0:22.3

Today's guest is Niren Shottery, CEO of Panera. Let me ask you, have you ever been absolutely overwhelmed by a

0:28.3

challenge? Maybe it was a crisis or a huge turnaround effort or just a complex problem

0:34.4

you just didn't really know how to fix. Boy, those are moments that define us as

0:39.7

leaders. And believe me, my friend Niren Shotterrey can teach us so much about how to turn those

0:44.9

challenges moments into defining wins. When he took over Panera in 2019, Niren had an uphill

0:52.1

challenge to revitalize the fading brand. He made some big shifts and got the company

0:57.4

back on track. And then, wham, the COVID crisis hits and they lost 50% of their business in a week.

1:06.3

Now that's a big challenge. And in moments like this, Neiren says, we have to begin with the end in mind.

1:14.5

What does reality look like once we get through that challenge? That big vision is what's going to

1:20.1

give our teams the hope and optimism and clarity they need to move through it. When it comes to

1:25.6

tough situations, few people have more wisdom than

1:28.1

Niren. I'm telling you, this is going to get you so fired up and inspired to tackle your next

1:33.2

big challenge. So here's my conversation with my good friend and soon to be yours, Niren Shotter.

1:49.5

Neeran, thanks so much for taking the time to have this conversation with us.

1:50.5

Thank you, David.

1:56.6

You know, Niren, I want to focus this conversation on your business and your approach to leading others. But first, tell me, tell me what makes Panera so unique.

2:01.6

I think, firstly, our purpose, you know, our purpose is to have a healthier and a happier

2:08.6

world, and that's why we exist.

2:11.6

And I think our mission is very simple, just to make sure that good food is accessible to everyone, those who can afford us,

...

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