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  • April 2024
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Cyrus: Turning a Traditional Business Model on Its Head (A)

By: James Heskett
  • Format:Print
  • | Language:English
  • | Pages:14
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Abstract

The loss of the lease at their Michelin-starred Cyrus 1.0 in Sonoma County, California gives the partners an opportunity to shut down and rework a “broken” business model, one with labor intensive experiences six or seven nights a week, high burnout, high turnover—especially in the back of the house, low profits, and a lack of work-life balance.
The case illustrates a novel planning process centered around (1) rethinking a gourmet dining experience using a model of how people entertain at home and (2) defining what people hate about something (in this case their jobs) and using that as a basis for describing an ideal solution before considering how to get there. The planning process still has to deal with the issues of work-life balance and how to achieve a three-day weekend for everyone and still reward investors.

Keywords

Business Model; Retention; Organizational Change and Adaptation; Leasing; Work-Life Balance; Strategic Planning; Loss; Profit; Working Conditions; California

Citation

Heskett, James. "Cyrus: Turning a Traditional Business Model on Its Head (A)." Harvard Business School Case 924-303, April 2024.
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About The Author

James L. Heskett

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    Cyrus 3.0: Turning a Traditional Business Model on Its Head (B)

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    Cyrus and Cyrus 3.0

    By: James Heskett
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  • Cyrus 3.0: Turning a Traditional Business Model on Its Head (B) By: James Heskett
  • Cyrus and Cyrus 3.0 By: James Heskett
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