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The Learning Leader Show With Ryan Hawk

392: Robert Rosenberg - Leadership Lessons From The Former CEO Of Dunkin Donuts

The Learning Leader Show With Ryan Hawk

Ryan Hawk

Careers, Management, Business

4.81.3K Ratings

🗓️ 16 November 2020

⏱️ 58 minutes

🧾️ Download transcript

Summary

Text LEARNERS to 44222

Full show notes at www.LearningLeader.com

Twitter/IG: @RyanHawk12

Notes:

  • Sustaining Excellence =
    • Passion for what they do
    • Persistence - "Life is lumpy." People fall and have to dust themselves off.
    • Character - Must be trustworthy, caring, and sensitive to others
    • Values driven - "When things go wrong, take the pain"
  • Bill Gates is an example of sustained excellence - "His persistence, his relationship with his wife Melinda. He's a great example of sustained excellence."
  • Bob describes the time early in his career when he made big mistakes and the board fired him.
    • He said, "I needed to learn strategy. You can't blame your followers. You must take 100% ownership."
  • Read the book, The Best and The Brightest by David Halberstam
    • "You need humility, you need to learn, you need emotional intelligence."
  • How he felt when he got fired?
    • "Unbelievably sad. It hung heavy on my shoulders."
  • There are two ways to respond:
    • Be a victim
    • Be introspective
      • "I remember the moment vividly. I was reading The Best and The Brightest. Hubris was the problem. They weren't going to the front lines to understand what was happening. I thought, Oh my God, Halberstam could be talking about me."
      • "Our job is to LISTEN, get feedback, and fix it."
  • As a leader, you must have the willingness and ability to define reality, not what you want it to be.
    • Read Max Dupree - The Art of Leadership
  • Understand The Stockdale Paradox - “You must never confuse faith that you will prevail in the end—which you can never afford to lose —with the discipline to confront the most brutal facts of your current reality, whatever they might be.” ~ James Stockdale
  • Building trust in a crisis:
    • The 4 elements to be trustworthy:
      • Sincerity - "Your public and private conversations should be the same"
      • Competence - It's not the same as never making a mistake.
      • Reliability - "Make promises. Deliver on those promises"
      • Care - "Treat people well. Care for their well being. It's not transactional. Treat them with dignity and respect."
  • How Bob stays so sharp at age 82:
    • Lots of exercise - He trains 5 days a week
    • Time with grandchildren
    • Planning - "I still have a lot of gas left in the tank"
  • Have a dream -- "Happiness is a mood. You can design a mood."
    • Satisfaction
    • Peace
    • Fulfillment
  • The four primary functions of a leader:
    • Strategy - The CEO must shepherd the strategy
    • People - Get the right people in the right jobs
    • Communication - Align all constituencies behind the business. People must understand the mission
    • Evolve - The world changes. Find a small team of experts to identify the issue, and leave the rest of the team alone to do their work
  • "You need thrill customers continuously."
  • "People will always be evaluating you as a leader. They look at your body language, and see how you respond."
  • Hiring qualities Bob looks for in a leader:
    • Crisp thorough about the job assignment.
    • Complementarity - The use Gallup's strengths. Focus on strengths and them filling a gap on the current team.
    • Fit the culture. Need to be able to work with a team and collaborate.

Transcript

Click on a timestamp to play from that location

0:00.0

The world is constantly changing.

0:02.8

It's the one constant you can count on,

0:05.0

and you have to be adaptable and agile.

0:07.2

One of the things that I think core to good strategy

0:11.1

is the willingness and the ability to define reality.

0:14.4

Not the world as you want it to be.

0:16.6

Not the comfortable world that you're in,

0:19.0

but the world as it really is and how it's moving in the future. Welcome to the Learning Leader Show presented by Bxian Meyer. I am Ryan Hawk. Thank you so much for being here.

0:38.3

Text learners to 442-22 in order to join tens of thousands of learning leaders from all over the world

0:46.6

receive mindful Monday updates.

0:49.3

What I'm reading, writing, watching, thinking about, also give you more details about how my book,

0:55.3

Welcome to Management, will help you become

0:59.2

a more effective leader.

1:01.9

Text learners to 442-22.

1:06.2

Now on tonight's feature leader, the great Robert Rosenberg,

1:10.1

former CEO of Duncan Donuts. Bob took a company with 100 shops and 10 million

1:18.0

dollars in sales when he first became CEO and grew it to 6,500 outlets and nearly 2.5 billion dollars in sales the year he retired.

1:31.0

Throughout his 35 year tenure, Bob dealt with the near-death business

1:36.2

challenges of a class-action lawsuit and a hostile takeover battle, among other

1:41.2

tumultuous changes, all of which threatened the very existence of the

1:46.2

now world famous Duncan Donuts brand.

1:50.0

A few of the topics we discussed.

...

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