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Lesson Plan for: It’s All About Leadership at The Ritz-Carlton Client: Location: Date: National Association of Residential Property Managers La Jolla, CA Wednesday, October 16th, 2013 Objectives The audience will understand: How great leaders have a sense of who they really are How leaders “paint the picture” to earn trust The importance of always creating operational alignment while still having fun The leader’s role in continuous improvement through innovation Thought provoking question: Why should anyone be led by you? This is also the title of a recommended book by Rob Goffee and Gareth Jones The anchor for this program is Ritz-Carlton’s Employee Promise: 12 Leadership Principles 1) Ethics are Everything a. The moment you accepted the position of leader, “optics” came into play. All eyes are upon you; what role model are you setting. 2) Create Systems Behind the Smiles a. Your Systems (even those for Service Delivery) should align back to the Business Strategy of the Organization 3) Be Authentic, Accountable and Caring a. Authenticity serves as a compass in your life that promotes consistency in what you say and do. When others see this consistency they are more likely to trust you, respect you and be willing to follow you. b. A culture of accountability makes a good organization great and a great organization unstoppable. c. Employees want to connect and be inspired by a leader who is competent and caring. That means balancing intellect with logic and emotion. 4) Foster an Environment of Low Fear and High Trust a. Some behaviors of High-Trust leaders: Demonstrate Respect, Clarify Expectations, Listen First and Extend Trust i. These are from the book “The Speed of Trust” by Steven Covey 5) Be Humble and Recognize the Power of Team a. As a leader, you no longer have the luxury of thinking mostly of yourself – putting your needs first; thinking results come from you instead of others; and, taking sides, overtly favoring some and excluding others 6) “Grow” Talent including your own a. Are you a Learner? Do you look for ways to bring value to your job every day? How willing are you to get out of your comfort zone and take on a stretch assignment? 7) Communicate and Engage a. What ways do you communicate with your team? i. Body Language = 55%; Tone of Voice = 38%; Verbiage = 7% 8) Paint the Picture a. Leaders are “artists” who must cascade the Business Strategy to their team who was probably not part of creating the strategy. The employees are the canvas and the components of the strategy are various colors. How do the employees bring the Business Strategy to life? A key tenet: Less is More! Don’t overwhelm with too many colors. Remember, all colors are derived from the primary colors of red, blue and yellow. 9) Recognize, Recognize, Recognize a. The simplest form of recognition is “Thank You” b. For the more elaborate (annual) forms of recognition, if no one deserves it, don’t give it out. That diminishes the value of the effort of those who strive to achieve the recognition. 10) Be Positive and Enthusiastic a. Positive people increase productivity, engagement, stay longer with the company, and are the best source for employee referrals 11) Celebrate Innovation and Risk Taking 12) Energize Your Culture Everyday a. Culture trumps Strategy every time b. Role-modeling is an excellent way to energize your culture Boss vs. Leader The boss drives people; the leader coaches them The boss depends on authority; the leader on good will The boss inspires fear; the leader inspires enthusiasm The boss says “I”; the leader says “WE” The boss fixes the blame for the breakdown; the leader fixes the breakdown The boss says “GO”; the leader says “LET’S GO!”