Subject category:
Strategy and General Management
Published by:
International Institute for Management Development (IMD)
Version: 03.09.2008
Length: 14 pages
Data source: Field research
Abstract
Domino's CEO, David Brandon had long ago broken the mold made by Domino's founder, Tom Monaghan, in his previous 39 years of leadership. While both men had succeeded where others had failed, the two men were significantly different. Monaghan was a quiet, conservative man who had grown up in an orphanage and built a global enterprise from nothing who decided to sell Domino's in order to devote his time and fortune to charitable and religious activities. A people-person by nature, Brandon called on many of the lessons from his childhood during his management career that started at P&G and went on to Valassis Communications, a direct marketing company. Brandon was most proud of Valassis being repeatedly named one of the 100 Best Places to Work by Fortune magazine. In 1999, Monaghan sold Domino's to Wall Street investment bank, Bain Capital, which named Brandon CEO. How would an organisation used to a more founder-driven brand of management thrive under an energetic, people-centric, team-oriented leader who would turn the world upside down? Brandon had an answer in one phrase: 'Change is good'.
Location:
Industry:
Size:
2006 revenues USD1.4 billion
Other setting(s):
1960-2008
About
Abstract
Domino's CEO, David Brandon had long ago broken the mold made by Domino's founder, Tom Monaghan, in his previous 39 years of leadership. While both men had succeeded where others had failed, the two men were significantly different. Monaghan was a quiet, conservative man who had grown up in an orphanage and built a global enterprise from nothing who decided to sell Domino's in order to devote his time and fortune to charitable and religious activities. A people-person by nature, Brandon called on many of the lessons from his childhood during his management career that started at P&G and went on to Valassis Communications, a direct marketing company. Brandon was most proud of Valassis being repeatedly named one of the 100 Best Places to Work by Fortune magazine. In 1999, Monaghan sold Domino's to Wall Street investment bank, Bain Capital, which named Brandon CEO. How would an organisation used to a more founder-driven brand of management thrive under an energetic, people-centric, team-oriented leader who would turn the world upside down? Brandon had an answer in one phrase: 'Change is good'.
Settings
Location:
Industry:
Size:
2006 revenues USD1.4 billion
Other setting(s):
1960-2008