This business fable has stayed with me since I first heard it in university. Over the years, interpretations have popped up at conferences, meetings and in articles. It is an entertaining tale offering different lessons depending on what is emphasized. Apologies to the original author. I would gladly give credit if I knew who you are. Here is my version.
There was a man who ran a roadside hot dog stand. It was located far outside the city. For years he worked hard to make it a success. That effort paid off and eventually people would travel long distances for one of his hot dogs. It became a popular and sentimental institution. Families formed traditions around visiting the stand and tourists were told to fit it into their schedule if possible.
So what made it special? It was not one thing, it was a combination of quality and care that was difficult to match or copy.