Eleven Madison Park
Strategic Concepts & Mechanics
Primary Evidence
"Eleven Madison Park was lagging far behind our optimistic projections. But rather than explaining this sluggishness as a natural challenge of building a business from scratch, we convinced ourselves that people didn’t have time to leave their desks for lunch. We decided that the solution was to deliver beautifully designed box lunches to their offices. We targeted Credit Suisse First Boston in particular, since its world headquarters were upstairs at 11 Madison. We offered a choice of three exquisite sandwiches, homemade potato chips, a bottle of water, and a homemade cookie. Unfortunately, very few people bought this concept, or the box lunches. We had made a fundamental mistake by trying to extend an original brand without having first established the core brand."
"The restaurants and other businesses I have opened in New York City—Union Square Cafe, Gramercy Tavern, Eleven Madison Park, Tabla, Blue Smoke, Jazz Standard, Shake Shack, The Modern, Cafe 2, and Terrace 5 (our cafés for visitors within the Museum of Modern Art), plus Hudson Yards Catering—were all conceived and are all driven by a passion to add something new and compelling to what I call a dialogue between what already exists and what could be."
"I HAVE BEEN FLY-FISHING ONLY once in my life. It was in Woody Creek, Colorado, outside Aspen, and I went with a young guide who had come highly recommended by the original chef at Eleven Madison Park, Kerry Heffernan (no relation to my wife, Audrey), an expert fly-fisherman. My guide, displaying wisdom that belied his age, called me over as he waded into a clear, rushing stream, and picked up a small rock. He turned it over and smiled. From a distance, I noticed nothing unusual on its slick underside. I had no idea what he was looking for, or at. “Here, come look,” he said. He pointed out dozens of tiny aquatic insects hatching on the rock. This told him precisely which fly to tie because, as he explained, the trout would only bite on an artificial fly that resembled what was actually hatching. The guide then put the stone back exactly where he had found it. I was intrigued. There was a world of information under that rock, if only one knew or cared enough to look for it."