|We're fully stored, why don't we focus on improving the existing stores that we have rather than growing for growth's sake?|
|Frank Blake, CEO, Home Depot|
Gratitude at Work
-- Toby Jenkins, CEO of Australia-based
notes "we've been inspired (by Barrett Ersek's gratitude video) to implement
gratitude as a key part of our Daily,
Weekly, Monthly and Quarterly rhythms. Here's a blog post Toby wrote on their
Gratitude At Work. One key is encouraging peers to show gratitude with each
other for living the company's values and brand promises - a powerful way to
keep your culture strong. And
here's a link to Barrett's complimentary 15 minute presentation on the
importance of Gratitude - something powerful to re-watch during this
Thanksgiving season in the US - just register and enjoy.
Businessperson of the Year -- ...and Fortune Magazine's winner is Jeff Bezos, CEO of Amazon. Driving revenues up another 31% this past year, Bezos has some unusual management practices, including what he calls "narratives" - six-page memos that his senior team read in silence together!! Take seven minutes (it's long but worth it) and read this fantastic narrative on Bezos and Amazon.
Communal Reading -- Notes Fortune, "Bezos says the act of communal reading guarantees the group's undivided attention. Writing a memo is an even more important skill to master. 'Full sentences are harder to write,' Bezos says. 'They have verbs. The paragraphs have topic sentences. There is no way to write a six-page, narratively structured memo and not have clear thinking.' This is exactly why we at Gazelles discourage leaders from sending around big documents for people to read ahead of time. Better to bring it to the meeting and have everyone read it right then and there - and then debate, dialogue, and decide.
Better to be Kind than Clever -- known as a tough, straight-talking CEO, Bezos, nevertheless, learned a lesson about kindness vs. cleverness - a story Bezos shared about a time when he made his grandmother cry. This and a classic Panera Bread story in Bill Taylor's HBR blog from August - worth 2 minutes to read.
When Not Growing Is Growth -- Home Depot has seen its stock skyrocket 70% this year after pulling out of China and halting the expansion of more stores. Sometimes the best growth strategy for 2013 is to not grow, but to get your own house in order first. Take 3 minutes to read how Frank Blake, CEO of Home Depot, along with Starbucks and Ford, has bucked the trend to grow, for the time being, to affect a major turnaround of the business.
4-Hour Chef -- Tim Ferriss's new book was released today - which has less to do with cooking and more about how to master/learn anything. I must downloaded and look forward to reading over the long Thanksgiving holiday weekend - probably a 4 hour read!
Thanksgiving Gifts -- Thanksgiving in the US - a perfect time to thank customers for making a great decision to do business with you. And what better gift over the next month of holidays than a book (put a box in your trunk and pass out at biz luncheons and customer visits with a personal note in each) - maybe one of the top 5 or The Greatest Business Decisions of All Time - something quick to read that will spur ideas for their own business and provide important historical information on 18 of the greatest business decisions ever made. Bulk discounts available.