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Kyle Grieve chats with Compounding Quality about the benefits of quality investing, the tenets of a quality business, why returns on invested capital are the most important metric for measuring quality, the aspects of a quality management team, the attributes of a successful investor, the simple way to measure the returns of an investment, and a whole lot more! IN THIS EPISODE, YOU'LL LEARN 00:00 - Intro 07:28 - Why investing in quality is so attractive to investors. 12:40 - The data behind the success of founder-led businesses. 12:40 - Key investing lessons from Warren Buffet, Terry Smith, and Chuck Akre. 33:12 - Why do businesses with high and sustainable returns on invested capital make such a great investment? 28:33 - A simple breakdown of the different types of moats a business has. 47:43 - Why thinking long-term, patience, discipline, and continuous learning are integral for investment success. And much, much more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Read Compounding Quality's Substack here. Buy yourself a copy of Investing For Growth By Terry Smith here. Buy yourself a copy of Quality Investing by Lawrence Cunningham, Torkell T. Eide, and Patrick Hargreaves here. Buy yourself a copy of Quality Shareholders by Lawrence Cunningham here. Buy yourself a copy of The Founder's Mentality: How to Overcome the Predictable Crises of Growth by Chris Zook and James Allen here. Buy yourself a copy of The Checklist Manifesto by Atul Gawande here. Buy yourself a copy of Stock's For The Long Run By Jeremy Siegel here. Check out all the books mentioned and discussed in our podcasts here. NEW TO THE SHOW? Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle's favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: Airbnb NetSuite Masterclass Babbel Shopify Connect with Kyle: Twitter | LinkedIn | Website Connect with Compounding Quality: Twitter | Substack Learn more about your ad choices. Visit megaphone.fm/adchoices
“Leaders create leaders by passing on responsibility, creating ownership, accountability and trust” James Kerr - Legacy: What The All Blacks Can Teach Us about the Business of Life In this episode, Andrea is joined by Michael Hansen, the CEO of Hempel based in Denmark. Michael talks about the role of sustainability in the future success of companies, his approach to people and the human element in being a CEO and also about the unique challenges leaders face in the workplace today including retaining talent. Michael and Andrea also talk in-depth about how important culture is to a company and what you can do as a CEO to influence it. KEY TAKEAWAYS It usually takes around 6 months for a CEO to learn the basics about a new organization, up to this point they are mostly learning and not making any big rash decisions. Hempel wants to ensure they are a leading industry enterprise and having this goal acts as a ‘lighthouse' in difficult and more challenging times. Sustainability and how companies can contribute to their industries and their clients will determine the future success of many companies. People, financial robustness, customer-perceived uniqueness and giving back to society are the 4 pillars Michael believes you need for a successful company. Michael is passionate about understanding the realities of colleagues across the world and the differences in leadership style and other attributes to unleash the power to generate the best results. Michael has actively engaged himself to find out why there are so many challenges for women in his organization and what he can do to directly influence this. Asking questions and speaking to people directly, allows a CEO to get a true insight into the company culture, struggles and more. Hempel gives back to society in various ways including via their solutions and products and also by giving and supporting schools and by protecting biodiversity too. Attracting and retaining the best people is one of today's most difficult tasks. The talented colleagues of today are always looking for the best opportunities for them and they have more options than ever. You have to work on building an environment where they thrive or they will leave. One formula doesn't work for all employees but if you can instill the right leadership culture and environment, you can help retain good talent. A CEO has a huge impact on a company culture and this can be both negative and positive. A CEO can engage with many more employees by creating the right culture for them than they can by trying to talk to and lead every single one individually. Stay curious, always be open to learning from others, regardless of who they are.9 BEST BITS “That was a deliberate choice in that we needed to continue to grow at an accelerated pace but in an intelligent way” “We want to make sure we are among the leading 5 companies, that guide some choices” “We should listen to our leaders, but we should also listen ourselves, closer to the frontline” “It's a very mobile workforce we have today, it's a very ambitious workforce” “Culture can drive performance, but it can also drive engagement in employees” VALUABLE RESOURCES Michael's Book Recommendations: Legacy: What the All Blacks Can Teach Us about the Business of Life The Founder's Mentality: How to Overcome the Predictable Crises of Growth Like the show? Please leave or write a review on your favorite podcast platform! Let Andrea know your thoughts or share your comments via LinkedIn or via email For more information on Andrea's work and access to other valuable resources, please visit the website If you don't want to miss any episodes and receive the full article in your inbox, subscribe today to our blog Need more? Book a 30 min call here: https://calendly.com/andreapetrone/strategy. ABOUT THE GUEST Michael Hansen mihan@hempel.com linkedin.com/in/michaelhansen75 Michael Hansen joined Hempel in May 2017 as Chief Commercial Officer and has delivered remarkable results as a central driver of the global transformation in Hempel. Prior to taking on the role as Group President and Chief Executive Officer of Hempel A/S, Michael was part of the Executive Group Management as Executive Vice President, Energy & Infrastructure. Michael Hansen holds a degree from Copenhagen Business School, as well as an Executive MBA from IE Business School in Madrid, Spain. Prior to joining Hempel, Michael Hansen worked 19 years for Maersk, where he held the position, among others, of Vice President, Global Head of Sales & Marketing in Maersk Line. ABOUT THE HOST My name is Andrea Petrone. I'm a Human Performance and Leadership Advisor, Executive Coach and International Speaker. I help leaders and their teams to change their mindsets and master their leadership capabilities so they can achieve extraordinary performance. I've been in the corporate world for more than 20 years working globally - in 6 countries and 3 continents - for medium-large companies.
Growth Masters Federal: Thinking, Planning and Collaborating to Win Government Contracts
Yes, it is, if you don't have leaders throughout your company. Shirley Collier, President of Scale2Market and host of the Growth Masters Federal podcast discusses this important topic with Larry Moss, CEO/Founder of Azimuth Consulting. These are links to the books mentioned in the podcast: https://www.amazon.com/Mindset-Psychology-Carol-S-Dweck/dp/0345472322/ref=sr_1_1?crid=17S6RAM35FKPU&keywords=dweck+mindset&qid=1673977626&sprefix=dweck%2Caps%2C99&sr=8-1 and https://www.amazon.com/Founders-Mentality-Overcome-Predictable-Crises/dp/1633691160/ref=sr_1_1?crid=2MC6XIVG8Y9RO&keywords=The+Founder%E2%80%99s+Mentality%3A+How+to+Overcome+the+Predictable+Crises+of+Growth+by+Chris+Zook+and+James+Allen&qid=1673977719&sprefix=the+founder+s+mentality+how+to+overcome+the+predictable+crises+of+growth+by+chris+zook+and+james+allen+%2Caps%2C100&sr=8-1 For more information, visit our website.
1/3 de ce que l'on produit dans le monde est gaspillé. C'est une réalité qui fait mal. Alors pour remédier à ce grand gaspi généralisé, Jean co-fonde Phenix en 2014. Son ambition est simple (mais forte) : connecter ceux qui ont trop avec ceux qui n'ont pas assez. Comme Robin des Bois. Mais le chemin n'a pas été facile. Il a fallu évangéliser le marché. Changer les mentalités. Et essuyer les plâtres. Raison pour laquelle il a dû adapter à plusieurs reprises son business model. SaaS puis trading desk, puis marketplace et (re)SaaS. Le cheminement est bluffant. Passionnant. Et riche en enseignements. En plus, ça marche : 120 millions de repas sauvés depuis le lancement. Aujourd'hui, Phenix c'est :
Notre invitéQu'est-ce qui fait rester les commerciaux ?« Quand tu les mets dans des positions où ils sont CEO de leur territoire, c'est comme ça que tu obtiens 150% des commerciaux. Parce qu'intrinsèquement les gens ont envie de se dépasser et d'avoir un impact. »L'autonomie et la responsabilisation, c'est une culture à développer dès le premier jour..Dans ce 3e épisode de Vive La Vente, Julien Lesueur reçoit Gaëtan Gachet, Chief Strategy Officer chez Algolia, une licorne française qui compte aujourd'hui plus de 10 000 clients dans 100 pays, dont des grands comptes comme Lacoste, Universal Music et Ouest France.Gaëtan connaît bien ces sujets de culture commerciale puisqu'il a rejoint Algolia fin 2013 en tant que second employé de la boîte et premier responsable commercial. Après avoir signé le premier million, il a monté toute l'équipe commerciale de 0 à 100 personnes et développé le business jusqu'à 100 millions d'ARR en 5 ans
Is your company in the midst of the Predictable Crises of Growth...Of Overload? Of Stall-Out? Of Free Fall? Why is profitable growth so hard to achieve and sustain? Most executives manage their companies as if the solution to that problem lies in the external environment—find an attractive market, formulate the right strategy, win new customers. But when Bain & Company's Chris Zook and James Allen, researched this question, they found that 85% of the challenges to growth are internal—proliferating processes and bureaucracy, loss of accountability, and increasing distance from the front lines, to name a few. More crucial is their finding that companies experience a set of predictable internal crises, at predictable stages, as they grow. If not managed properly, these crises can stifle even the healthiest company's ability to grow further—and actively lead it into decline. Today, NEXT Academy Co-Creators Chad Jones and Cody Phillips attempt to pull out leadership lessons that they feel can help contractors create a competitive advantage through rediscovering their Founder's Mentality and give actionable steps to re-establish it within your organization. This book is #DYNAMITE
We are excited to welcome Tim Hoskins today. Tim is the President of Quester, an insights and strategies company. He is joining us today to talk about his journey and driving business results. Tim’s journey While in college, Tom needed a job, so he answered an ad for a lead-generation specialist at an information security startup. He worked there for two years while he was in college, and then post-college, he got hired by the same company and started as a sales rep. In the startup world, you get to do everything, and Tim did not like not knowing all the answers, so he read the entire manual. He also started taking all the developers out to lunch to pick their brains, and that led to him becoming the Sales Engineer. His final role there was as a Product Manager. A consultant doing some work for Quester reached out to Tim, so he left the startup world to join Quester. He did not realize at the time that the company was, in fact, a forty-year-old startup. There, he worked in client services, became the head of sales and marketing, and about five or six years ago, he got promoted to President. The history of Quester Dr. Charles Cleveland, the founder of Quester, was a professor at Drake University. He started the company as a communications company with a foundation in linguistics, and they spent years doing qualitative research. They always applied linguistic analysis techniques to help drive communication. The founder’s dream was for executives on the client-side to look at a qualitative insight with the same confidence as a quantitative insight, someday. Dr. Cleveland passed away suddenly in 2005. The company was then purchased by three partners who kept on pushing forward with the technology and the same vision. In 2006, they launched the first, simple version. In 2007, they started to develop artificial intelligence, and the team has been working on that ever since. The current technology at Quester Today, Questor’s technology fully automates a one-on-one interview of up to forty minutes with a consumer. Those interviews are chat-based, or consumers can leverage the voice-based software on their phones. What their technology does Their technology analyses people’s responses and identifies a key or interesting idea that they are communicating. It then delivers a contextual-based follow-up question to find even more information. 2011 In 2011, the industry was not ready for artificial intelligence. Proving themselves There are always clients out there who know that you can’t solve the same problem with the same solution every single time. Those people give companies like Quester a chance to prove themselves. And that gives the rest of the market the confidence that those companies can do what they say they can do. The culture The average tenure of a Quester employee is seven years. Their culture is one of a family, and they do their best to have the mentality of a startup every single day. Insurgent mission The book, The Founder’s Mentality: How to Overcome the Predictable Crises of Growth, helped Tim and his team to focus on finding their insurgent mission and the reason for their existence. Driving business results They came to realize that their mission was not about the technology or the linguistic and qualitative analysis. It was about driving business results for their clients. You can’t have a business result unless you have strong and differentiated insights. And you can’t get strong and differentiated insights unless you have a different methodology to collect and analyze data. The company that delivers business results Tim and his team decided that they wanted to stand for the company that delivers business results. Behind every business result is a great strategy, and behind every great strategy is a consumer-centric insight. Changing in one year In 2018 and 2019, they changed their marketing. They doubled down on strategic insights,
Episode #094 Original Airdate: Oct 30 2020 Produced by: Doug Krisch Length: 17 minutes References: Passages. Predictable Crises in Adult Life. 1976
Do you know why Steve Jobs insisted that the original iPhone have only one button? Because nothing succeeds like simplicity. Take out your iPhone, if you have one, and compare it to a Comcast remote. See the difference? Sleek simplicity versus mind-boggling complexity. We all know that simplicity increases speed and fuels business growth. But we seem to be stuck with clunky, cumbersome business systems. And they multiply like rabbits! Hiring, project approval, communication tools, and even expense reporting can be numbingly complex and tedious. We feel that too, which is why we recently simplified one of the main aspects of our business, our software solutions. We now use a combination of only four products to run our business: G-suite, Slack, Spark, and Asana. Are they the best tools out there? We don't know, but they're the simplest ones that meet our needs. We're collaborating faster and better than ever before. And our team loves it. Simplicity always wins. In this episode, we show you how to simplify your business systems. Not just tech, but everything you do. Our chief content officer, Joel Miller, joins us to explain why complexity is such a huge problem for many businesses, and how you can eradicate it with four deliberate actions. Here's an overview of this episode— Joel explains why complexity multiply so quickly in a business. We talk about the subtle clues that complex systems, not true business needs, are creating the need for more staff. We offer tips to help you recognize complexity creep. Michael opens up about the a-ha moment when he realized the need to simplify our product line. We give real-world advice for eradicating complex systems from your business. One more thing. After you listen to this episode, don't be afraid to take the plunge and start eliminating tools, processes, or even products that are slowing you down. Sometimes it's hard to let go, but you will never regret making your business simpler and more responsive. You can do this! Resources Mentioned in This Episode The Founder's Mentality: How to Overcome the Predictable Crises of Growth by Chris Zook and James Allen Insanely Simple: The Obsession That Drives Apple's Success by Ken Segall “On Style” by Arthur Quiller-Couch (see paragraph 6) Business Health Assessment Here's One Thing That Will Really Help If you're really loving the show, would you leave a review on iTunes. That'll help others find this program so they can benefit too. And it really helps us make the podcast better. Good, bad, or indifferent, we'd love to hear what you think. We read every single review, and we're grateful for your feedback. Click here to rate the podcast and leave your own review. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Do you know why Steve Jobs insisted that the original iPhone have only one button? Because nothing succeeds like simplicity. Take out your iPhone, if you have one, and compare it to a Comcast remote. See the difference? Sleek simplicity versus mind-boggling complexity. We all know that simplicity increases speed and fuels business growth. But we seem to be stuck with clunky, cumbersome business systems. And they multiply like rabbits! Hiring, project approval, communication tools, and even expense reporting can be numbingly complex and tedious. We feel that too, which is why we recently simplified one of the main aspects of our business, our software solutions. We now use a combination of only four products to run our business: G-suite, Slack, Spark, and Asana. Are they the best tools out there? We don’t know, but they’re the simplest ones that meet our needs. We’re collaborating faster and better than ever before. And our team loves it. Simplicity always wins. In this episode, we show you how to simplify your business systems. Not just tech, but everything you do. Our chief content officer, Joel Miller, joins us to explain why complexity is such a huge problem for many businesses, and how you can eradicate it with four deliberate actions. Here’s an overview of this episode— Joel explains why complexity multiply so quickly in a business. We talk about the subtle clues that complex systems, not true business needs, are creating the need for more staff. We offer tips to help you recognize complexity creep. Michael opens up about the a-ha moment when he realized the need to simplify our product line. We give real-world advice for eradicating complex systems from your business. One more thing. After you listen to this episode, don’t be afraid to take the plunge and start eliminating tools, processes, or even products that are slowing you down. Sometimes it’s hard to let go, but you will never regret making your business simpler and more responsive. You can do this! Resources Mentioned in This Episode The Founder's Mentality: How to Overcome the Predictable Crises of Growth by Chris Zook and James Allen Insanely Simple: The Obsession That Drives Apple's Success by Ken Segall “On Style” by Arthur Quiller-Couch (see paragraph 6) Business Health Assessment Here’s One Thing That Will Really Help If you’re really loving the show, would you leave a review on iTunes. That’ll help others find this program so they can benefit too. And it really helps us make the podcast better. Good, bad, or indifferent, we’d love to hear what you think. We read every single review, and we’re grateful for your feedback. Click here to rate the podcast and leave your own review.
PAUL BAMBRICK-SANTOYO is the Chief Schools Officer for Uncommon Schools and the Founder and Dean of the Leverage Leadership Institute, creating proof points of excellence in urban schools nationwide. Author of multiple books, including Driven by Data, Leverage Leadership 2.0, Get Better Faster, A Principal Manager’s Guide to Leverage Leadership, and Great Habits, Great Readers, Bambrick-Santoyo has trained over 20,000 school leaders worldwide in instructional leadership, including multiple schools that have gone on to become the highest-gaining or highest achieving schools in their districts, states and/or countries. Prior to these roles, Bambrick-Santoyo co-founded the Relay National Principals Academy Fellowship and spent 13 years leading North Star Academies in Newark, NJ, whose results are among the highest-achieving urban schools in the nation. He also taught for six years in a bilingual school in Mexico City. Paul Bambrick-Santoyo Show Highlights: What Paul’s perfect day looks like System for spreading great ideas Expanding the experience of what excellence is Professional development and leadership is only as good as what you practice Creating a school of practice Codifying the best practices with leaders Key skills you need to be a successful leader Laser focus on the core What would I do differently Taking a pause to re-energize Learning from those on the front lines Planning backwards where every child can exceed, relentless on whether or not students are learning, and sustained involvement “Every great teacher I’ve met, they’re at home on a Sunday night revising their lesson plan even if they have taught it for 20 years and they’re looking at a piece of student work saying that this individual student needs something new, what am I going to do differently? ” - Paul Bambrick-Santoyo Resources: Leverage Leadership 2.0: A Practical Guide to Building Exceptional Schools The Founder's Mentality: How to Overcome the Predictable Crises of Growth Deep Work: Rules for Focused Success in a Distracted World “I think what distinguishes a great school from an average school is how a leader uses their time.” - Paul Bambrick-Santoyo Paul Bambrick-Santoyo Contact Info Website Leverage Leader Institute Twitter LinkedIn Email Show Some Love BECOME A PATRON OF THE SHOW FOR AS LITTLE AS $1/MONTH DID YOU LIKE THE SHOW? iTunes SUBSCRIBE HERE! LEAVE A 5-STAR RATING AND REVIEW Join my hybrid group coaching & leadership development community Text BETTERMASTERMIND to 33444 Grab your FREE 15 Phrases of Effective School Leaders Text PHRASES to 33444 or click the link above. Website :: Facebook :: Insta :: Twitter :: LinkedIn SHOW SPONSORS: ORGANIZED BINDER Organized Binder is an evidence-based RTI2 Tier 1 universal level solution Focuses on improving executive functioning and noncognitive skills Is in direct alignment with the Universal Design for Learning (UDL) framework Is an integral component for ensuring Least Restrictive Environments (LRE) You can learn more and improve your student’s success at https://organizedbinder.com/ Copyright © 2018 Better Leaders Better Schools
85% of breakdowns in companies are traceable to internal root causes. Only 13% of people working in business in North America feel any connection to their company’s purpose. These surprising statistics lead us to ask, why do some companies lose their soul, age prematurely, and stall out while others sustain profitable growth? Chris Zook, best-selling author of The Founder’s Mentality: How to Overcome the Predictable Crises of Growth, and partner at Bain & Company, discusses how the most successful companies maintain the founder’s mentality—an insurgent’s clear mission and purpose, an unambiguous owner mindset, and a relentless focus on the front line. Based on 5 years of research, visiting 40 countries, conducting 150 interviews, and creating a database of over 8000 companies, Chris teaches us how leaders can overcome the predictable crises in a company’s lifecycle and set it on a path of sustainable and profitable growth.
My guest today is Chris Zook, a business writer and partner at Bain & Company, leading its Global Strategy Practice. He is listed by The Times (London) as one of the world's top 50 business thinkers. Zook received a B.A. in mathematics and economics from Williams College, a M.Phil. in economics from Exeter College, Oxford University, and a MPP and Ph.D in Public Policy Analysis from the Harvard Kennedy School. Zook is an author of books and articles on business strategy, growth, and the importance of leadership economics, including the Profit from the Core trilogy. The topic is his book The Founder's Mentality: How to Overcome the Predictable Crises of Growth. In this episode of Trend Following Radio we discuss: The founder's 100 What keeps millennials in their jobs Frontline obsession Sense of insurgency Owners mindset Founders disease Meritocracies Jump in! --- I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show. To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/ You can watch a free video here: https://www.trendfollowing.com/video/ Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!
Chris Zook is co-author of “The Founder’s Mentality: How to Overcome the Predictable Crises of Growth.” The work leading to “the founder’s mentality” started for Chris about 5 years ago. It is predicated on, “What are the deep root causes that allow some companies to stay young, stay energetic, and be sustainable in their performance over time?” Only 1 in 10 companies sustain a modest level of growth over a decade. Chris, and his co-author James Allen, found that when the founder of a company was still evolved and their presence was still looming, companies had about three times higher performance than other companies where the founder had stepped away. Chris elaborates on their research process and the steps he and James took in writing “The Founder’s Mentality”. A deep sense of insurgency, frontline obsession, and an owner’s mindset are the three characteristics that make up the founder’s mentality. Keeping an open mind at all times and willingness to adapt to your company’s growth is key. When companies fail to be open minded, they become short term minded. Chris has found a great response from this way of thinking. He has now written 5 books over the last 12 years on this topic and all have been extremely well received, especially his latest work, “The Founder’s Mentality”. People are searching for happiness in their work and Chris is helping outline how to get there. He helps people own the customer service experience in their company. Chris and Michael use Nokia as a great example of an industry leader that failed to adapt. Nokia was the first to use email on phones, they were huge in cameras, and had the first smart phone but they failed to be innovative enough and became institutionally closed minded. Ultimately what looked like a tech company that could not have died, ended up committing suicide. Chris uses Starbucks as another example of a company that started something special, but as soon as the company moved away from what Howard Schultz, the founder, had started they began to crumble. After profits started to take a hit, Howard Schultz was asked to come out of retirement and revive the company. Starbucks was self inflicting wounds that were unraveling the core of the Starbucks experience. Michael and Chris wrap up the podcast giving a few more examples of companies that caught what he calls the “founders disease” or lost the owners mindset. In this episode of Trend Following Radio: The founder’s 100 What keeps millennials in their jobs Frontline obsession Sense of insurgency Owners mindset Founders disease Meritocracies