Monday, August 15, 2011

Financial Responsibilities of a General Manager & District Manager at Outback Steakhouse

Outback Steakhouse is one of the leading restaurant chains in the world, with a unique Australian outback theme. The chain has achieved resounding success globally over the last two decades because of its passion for quality and customer service, and its innovative management policies. The company follows a collaborative management approach where the financial responsibilities of a General Manager at Outback Steakhouse are substantial and involve him as a partner in the company's goals.

Apart from the General Manager, each restaurant also has a District Manager and a Kitchen Manager who all work together as a unified team. This helps to distribute day-to-day responsibilities and functions between the team in order to ensure top work performance and superior job satisfaction on a sustainable basis. Despite the serious financial responsibilities of a General Manager at Outback Steakhouse, the company ensures that he gets plenty of opportunity to enjoy a good family life, and pursue personal and community interests as well.

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Outback offers an equity stake to all its General Managers or Managing Partners as they are now called. This is the biggest attraction for top managerial talent to work for Outback because it gives them a tangible ownership stake in the restaurant that they run so passionately. However, with equity stake come heavy financial responsibilities as well. It becomes imperative to run the restaurant efficiently and profitably for the growth of the company as well as personal financial growth.

Outback Steakhouse Coupons are issued occasionally to encourage new customers to visit the restaurant. Outback Internet Coupons are available on various websites that offer money savings and discounts on popular products and services. Sometimes overstock coupons of Outback may also be found as inserts with newspapers, or included in the coupon booklets sold by school kids to raise funds for a cause. Some people sell their Outback Steakhouse coupons over auction sites such as eBay. However, usually the Internet coupons get sold out very quickly because of the immense popularity of Outback, especially in the United States.

Financial responsibilities of a General Manager of Outback Steakhouse include a personal stake, which is not the case with the district manager or the kitchen manager at the restaurant. The General Manager also makes an initial investment into the business, which makes his role more entrepreneurial and raises his stakes in ensuring the success of the restaurant. The General Manager receives a percentage of the annual revenues of the restaurant, and there is a stock option component in the compensation plan. This effectively means that lower revenues and a lower annual corporate performance will adversely affect the value of returns of the General Manager.

Outback Steakhouse also offers higher financial stability to the general manager as compared to the district manager by way of a long-term contractual commitment. Financial responsibility at Outback is directly associated with financial rewards, making it a potentially lucrative business proposition for the general managers. The bottom line of success in any case remains customer satisfaction and customer delight at all Outback Steakhouse restaurants.

Financial Responsibilities of a General Manager & District Manager at Outback Steakhouse

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