How Great Culture Drives Brand Success

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Two company stories whose heart & soul drive innovation How Great Culture Drives Brand Success

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Learn how corporate culture drives success for companies like Zappos, who generated over $1 billion dollars in gross merchandise sales last year. Built on the foundation by Hewlett Packard, who were the original innovators of recognizing culture as a critical piece of profits.

Transcript of How Great Culture Drives Brand Success

Page 1: How Great Culture Drives Brand Success

Two company stories whose heart & soul drive innovation

How Great Culture Drives Brand Success

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Great Culture=Happy Employees

Happy Employees=Great Customer Service

Great Customer Service=Passionate Customers

Passionate Customers=Great Long Term Brand

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Zappos generates over $1 billion in gross merchandise sales every year.

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Better yet…It’s on a

mission to deliver

happiness to the world.

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…One wacky, weird step at a time.

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Every year, Zappos has a family tradition called “Bald and Blue”.

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…where shaving your head is just part of the fun.

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To raise money for

the PROJECT

WE charity.

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It’s part of what Zappos CEO Tony Hseih (pronounced Shay) sees as the real competitive advantage for the company.

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Its CULTURE

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It’s true that Zappos has the world’s largest selection of shoes.

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And that 75% of Zappos business are repeat customers.

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Yes…it will take an

order as late as midnight

and deliver it to the

customer’s doorstep before

breakfast.

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And, if it doesn’t have the shoe in stock, it will go to three

competitors to find the shoe for you.

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But, if you ask Tony what drives Zappos’ success…

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He’s pretty clear…

It’s the company culture.

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He has defined ten committable core values upon which the company is

based.

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Deliver WOW through service.

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Embrace and drive change.

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Create fun and a little weirdness.

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Pursue growth and learning.

*Zappos Marathon

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Build open and honest relationships with communication.

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Build a positive team and family spirit.

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Do more with less.

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Be passionate

and determined.

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Be humble.

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But, this idea of creating a strong community corporate culture is not new to the business world.

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In fact, the very first high technology company, and the founders of “Silicon Valley”, Bill Hewlett and David Packard, were the original innovators of recognizing culture as a critical piece of profits.

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On March 8, 1960, Bill Hewlett and David Packard stunned business leaders by rejecting the idea that a company exists merely to maximize profits.

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“A company has a responsibility beyond making a profit for stockholders; it has a responsibility to

recognize the dignity of its employees as human beings, to the

well-being of its customers,

and to the community at large”.-

David Packard

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They laid down the cornerstone concept of the

“HP Way”which came to

stand for Contribution.

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“The essence of the idea, radical at the time, was that EMPLOYEES'

BRAINPOWER was the company's most IMPORTANT RESOURCE”.

– Peter Burrows, BusinessWeek

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“The Way” offered one of the first all-company profit-sharing plans:

• gave shares to all employees• offered tuition assistance • flex time• job sharing• and more.

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These were revolutionary in concept for that era.

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Their business began in a garage, but many of the same original ideas continued.

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“The Way” outlined

five guiding

principles

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The Hewlett-Packard company exists to make a technical contribution, and should only pursue opportunities consistent with this purpose.

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The Hewlett-Packard company demands of itself and its people superior performance.

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Get the right people, trust them, give them freedom to find the best path to achieve

objectives, and let them share in the rewards.

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The Hewlett-Packard company has a responsibility to contribute directly to the well-being of the communities in

which its operates. 

#4

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#5

Period.

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“Lose your core values, and you lose your soul.”

*Jim Collins, Forward to The Way

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The “HP Way”, was once Silicon Valley's innovation model, creating the foundation for the likes of Zappos and others.

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“In a thriving company, the

culture not only echoes the mission, the culture executes the mission”.

-James Greco, CEO Sbarro

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If you would like to learn more about how to create a strong and vibrant culture to help build your brand, contact me at [email protected].