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How Leaders Lead with David Novak

#119: Bernie Marcus, Cofounder of The Home Depot – Do what’s great for customers

How Leaders Lead with David Novak

David Novak Leadership

Entrepreneurship, Business, Management

4.8596 Ratings

🗓️ 26 January 2023

⏱️ 76 minutes

🧾️ Download transcript

Summary

Today I’m joined by Bernie Marcus, the cofounder of The Home Depot. At 93 years young, Bernie is an absolute icon. The Home Depot broke the mold for retail and is continuing to succeed where lots of other retailers are struggling. And you can really understand why when you spend time with Bernie. From the very beginning, he made decisions based on what’s great for the customer. Because for Bernie, customer service isn’t just a transaction. It’s a relationship. If you want to succeed in your work, you’ve got to take care of your customers and do right by them. And this conversation is gonna get your wheels turning with ideas to do just that. And it’s gonna have you laughing, because, I gotta tell ya, Bernie has got some incredible stories! So here is my conversation with my good friend – and soon to be yours – the one and only Bernie Marcus. Take your learning further. Get proven leadership advice from these (free!) resources: The How Leaders Lead App: A vast library of 90-second leadership lessons to stay sharp on the go  Daily Insight Emails: One small (but powerful!) leadership principle to focus on each day Whichever you choose, you can be sure you’ll get the trusted leadership advice you need to advance your career, develop your team, and grow your business.

Transcript

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0:00.0

Welcome to How Leaders Lead, where every week you get to listen in while I interview some of the very best leaders in the world.

0:10.2

I break down the key learning so that by the end of the episode, you'll have something simple you can apply as you develop into a better leader.

0:18.2

That's what this podcast is all about. Today I'm joined by Bernie Marcus,

0:22.6

the co-founder of the Home Depot. At 93 years young, Bernie is an absolute icon. The Home Depot

0:30.2

broke the mold for retail and is continuing to succeed where lots of other retailers are struggling.

0:36.3

And that's because of the foundation that Bernie set.

0:39.7

And you can really understand why when you spend time with Bernie. From the very beginning,

0:44.4

he made decisions based on what's good for the customer. Because for Bernie, customer service

0:50.0

isn't just a transaction. It's a relationship. If you want to succeed in your work, you've got to take care of your customer and do right

0:57.9

by them.

0:58.9

And this conversation is going to get your wheels turning with ideas to do just that.

1:03.8

And it's going to have you laughing because I got to tell you, Bernie has got some incredible

1:08.3

stories and he does not hold back. So here's my conversation with

1:12.8

my good friend and soon to be yours to one and only Bernie Martins.

1:23.4

Hey Bernie, here you are. You're 93 years old and you just released a brand new book,

1:28.9

Kick Up Some Dust. Why did you feel it was the time for you to tackle this project?

1:33.9

Well, frankly, a lot of it had to do with the coronavirus.

1:37.7

I was locked up the way everybody else was.

1:41.3

I'm an active kind of a guy and I wanted to do things, and what best then write a book.

1:48.6

And I found Catherine Lewis, who was great. I'm not a good writer. I speak well, but I don't

1:55.8

write well, and Catherine was perfect for me, because she was able to take my words, put them in a book.

2:02.8

And I think that the book is basically what I think and how I feel.

...

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