Saw this today and thought it relevant to the topic:
The power lunch is dead and this is what’s replacing it
Thirty-seven percent of millennials take a lunch break, and among those who take a lunch break, 54% take just 30 minutes or less.
Marketwatch: June 11, 2019
https://www.marketwatch.com/story/b...new-power-lunch-2019-06-11?mod=hp_minor_pos20
(edited to summarize) The power lunch has turned into the coffee talk, power walk or beer run for workers who don’t have three hours to fritter away, but still make time to network outside the office.
Take Steven Cox, 47, a San Diego-based startup founder who prefers talking shop over a cup of Joe. “Most of my meetings are held at a local craft coffee shop. We order our flat whites, whip through investor discussions and then I ride my bike back to the office in less than 35 minutes,” Cox told MarketWatch, adding that it’s unheard of, particularly in the tech world, to take time out of the day for a boozy lunch. Many meetings are done on video calls, or over what Cox calls a “walk and talk” to the beach. “It makes more sense for us to talk shop and work through challenges — all while getting to see the ocean. Plus, you burn calories instead of consuming them.”
Millennials worry about being ‘lunch-shamed’
One reason for the demise of the power lunch? Younger workers aren’t taking mid-day meal breaks. What’s more, one in four millennials feel they’ll be “lunch shamed” by their boss, whom they fear will think they’re not working hard enough if they leave the office. With a staggering student-debt load and childhood memories of the financial crisis, it’s not surprising that millennials want to burnish their workplace images to keep their jobs and salaries secure.
Relaxing beers have replaced stuffy cocktails
Some millennials, like 24-year-old Sean Pour, co-founder of SellMax.com, a car buying service, says his best business luck comes after having brewery lunches, a more casual setting to network. “Almost all of my business deals get conducted over a beer at a local brewery,” Pour said. “It’s a more casual environment, and we can speak freely and just relax. I find that we form more of a friendship here and get to know each other. When you’re in a very strict business environment you don’t get into a casual conversation. At the brewery, it’s not as uptight or fancy,” he adds of meeting with partners in cities like Austin or San Diego, where he works.
One private equity managing partner has conducted meetings at cafes
“We don’t have the time and money. You can’t expense it the way you used to,” Allen explained. He’s even met up for business meetings at affordable spots like museums for a change of scenery. “A lot of companies are bootstrapping. The last thing they’re going to do is throw down $300 for a liquid lunch.”
High-end chefs are pivoting to casual options
Chefs who may have presided over a power lunch menu in another era have started fast-casual projects to meet shifting consumer demand for quick, affordable and healthier fast food. Upscale chef Mark Ladner, restaurateur Danny Meyer, and chef/restaurateur Michael Schlow have opened [casual dining options].
One CEO has replaced the power lunch with power walks
Grab-and-go is more of CEO Deborah Sweeney’s speed. The 44-year-old of MyCorporation.com, a career site for entrepreneurs, is also a fan of the power walk before grabbing lunch with her employees. She says a lengthy, alcohol-infused meal will just leave her and her team feeling lethargic. “We discuss items on our respective agendas and take four to five laps around the office as we go,” Sweeney said.
Careers can advance in 15 minutes
Career experts say the 15-minute meeting, whether it’s grabbing coffee or chatting on the lunch line, can be an effective networking tool. “In certain businesses, face-to-face meetings are still done, but our lives have become so over-scheduled, overcommitted and over-connected they can be condensed to 15 minutes,” New York based career coach Kathy Caprino said.