4.9 • 756 Ratings
🗓️ 31 May 2022
⏱️ 55 minutes
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0:00.0 | Welcome to the aggressive life. |
0:09.0 | Do you like the Home Depot? |
0:11.8 | Come on. |
0:13.1 | Big orange store with all kinds of cool manly stuff inside of it. |
0:18.1 | Of course you do. |
0:19.7 | It's one of the most beloved and revered brands in |
0:22.5 | America. Today we're going to talk to the man responsible for the rebirth of the big |
0:28.3 | orange as it's known. In 2007, when Frank Blake became the CEO of the Home Depot, the |
0:35.7 | company's stock price was stagnant. Customer service was poor, |
0:39.5 | and it was being outpaced in nearly every metric by its competitors. Mr. Blake's predecessor |
0:46.4 | had led the company in a purely numbers-based fashion, but Blake came into leadership taking a |
0:52.3 | personal approach. The Home Depot was founded on customer service, |
0:56.0 | and that's what he believed would bring it back to life. |
0:59.9 | His strategy sounds like old school, fuddy-dutty things that are idealistic values, |
1:05.4 | but it actually is something he worked, a culture of service. |
1:08.6 | He worked it. |
1:09.8 | Investing in employee morale. He worked it. Engaging in |
1:13.6 | employees or slash associates. He worked it. And he measured success by more than just sales charts. |
1:21.0 | And it worked. His leadership, his value system, his optimism, and breathe new life into the failing |
1:26.1 | brand. And since then, the Home Depot has been |
1:28.0 | the world's largest home improvement retailer. It's got something like 500,000, as they call |
1:34.1 | them, 500,000 orange-blooded associates and 2,300 stores in North America. All this from a man who |
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