(This post originally ran on 1/13/2006. ) And if you enjoy Fearless Competitor, we also hope you’ll visit the B2B Sales Lounge, the blog we also write on behalf of the Find New Customers client, OneSource.
This story is based on an intrepid Fortune reporter who actually worked at four of these and what he learned. One of his most important points is that most of the things that make the difference actually cost nothing. Two, the stock prices of the four he worked for trounced the market.
Here are some of the differences:
1) Employee are treated like adults with their own minds. At FedEx, a driver chooses his own route and if it is cold, he or she is given gloves. At the Four Seasons, employees are given a great deal of latitude in servicing customers. They want their employees relaxed and comfortable.
2) Ideas are championed, even from the lowest level employee. At the Four Seasons, employees were continually asked what they think. Contrast this with a large business intelligence firm I worked for. When I presented a great business idea to a senior exec, he said “I could not agree more. I’ve been advocating that for years.” My unspoken thought: If you are an SVP and cannot get your idea considered, what can a peon like me expect? Soon after, this SVP was fired.
3) Be creative. At Hot Topic, a retailer, employees are reimbursed for attending rock concerts, provided they provide feedback on what attendees were wearing.
What shocks the reporter is how so many companies are unable to do the simple, inexpensive things that make employees happy.
This is not rocket-science, folks. You too can do it. As Jim Collins states so well in Good to Great, the Great CEO’s were a combination of confidence and humility.
What do you think? We love comments and people who share.
Jeff Ogden is President of Find New Customers “Lead Generation Made Simple” Check out the online show every Friday at 11am ET, “Laugh and Learn with the Fearless Competitor.” Find New Customers is a lead generation company in New York.
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