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Four Seasons Hotels and Resorts Las Vegas 10 June 2000
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Page 1: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

Four SeasonsHotels and

Resorts

Las Vegas10 June 2000

Page 2: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

Brand Inside

Brand Org!

Page 3: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

And Now the Equivalent …

White Collar Revolution!

Page 4: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

RR on “Assetless” [J.B.] Sara Lee

“The most profitable businesses in the future will act as knowledge brokers, linking insights into what’s available

with insights into the customer’s individual needs

and preferences.”

Page 5: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

The “&-!!+#$% in the middle”*

Jim Clark on Healtheon/WebMD

* ’twixt docs, patients, insurers and providers; $275B of $400B in waste; source: Michael

Lewis, The New New Thing

Page 6: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

Buzzsaw.com

Builders, Owners, Architects, Contractors, Suppliers

$4T industry

5,300 commercial bldg. projects’ specs on-line; +70 per day

Page 7: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

These are …

L.A.D.T.I.R.S.*

*Life-and-death-total-industry-reinvention-struggles

Page 8: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

Brand Inside

Brand Talent!

Page 9: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

Issue Y2K

The Great War for Talent!

Page 10: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

“When land was the scarce resource, nations battled

over it. The same is happening now for talented people.”

Stan Davis & Christopher Meyer, futureWEALTH

Page 11: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

“The leaders of Great Groups love talent and know where to find it. They revel in the talent of others.” Warren Bennis & Patricia Ward Biederman

Page 12: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

John Chambers

Gets It!

Page 13: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

So Does Lucent!

Every resume or employment question that comes to Lucent via

the Web gets answered in 30 minutes or less. [24/7.]

Red Herring [06.00], on Lucent Director of

Recruitment Jim Baughman

Page 14: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

“Our business needs a massive transfusion of talent. And talent, I believe, is most likely to be found among non-conformists, dissenters and rebels.” David Ogilvy

Page 15: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

What Do We Do With Him?

“He grew his hair long, played guitar in a rock band, chased

girls, got into trouble. At age 17 he was flogged by his house

master, who described him as ‘the most difficult boy I’ve ever

had to deal with.’ ”

Page 16: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

Elect Him Prime Minister

Tony Blair*

*talk/May 2000

Page 17: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

Talent War Y2K!

–All out!/ Time consuming!–Never ending!/ Unwinnable!–Includes everybody!/ Everybody’s

game! (“We’re all in sales.”)–Expensive!–Cool!/ WOW!/ Fun!/ Creative!–Strategic!/ Core competence!

Page 18: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

H.R. to H.E.D. ???

HumanEnablement Department

Page 19: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

“Firms will not ‘manage the careers’ of their employees. They

will provide opportunities to enable the employee to develop

identity and adaptability and

thus be in charge of his or her own career.”

Tim Hall et al., “The New Protean Career Contract”

Page 20: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

Talent = Brand

Page 21: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

Brand Outside

Context:

No “Commodities”!

Page 22: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

Quality Not Enough!

“While everything may be better, it is also increasingly

the same.”

Paul Goldberger on retail, “The Sameness of Things,” The New York Times

Page 23: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

“The ‘surplus society’ has a surplus of similar companies, employing similar

people, with similar educational backgrounds, coming up with similar ideas, producing similar things, with similar prices and similar quality.”

Kjell Nordstrom and Jonas Ridderstrale, Funky Business

Page 24: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

The “10X/10X Phenomenon”

10 Times Better/

10 Times Less Different

Page 25: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

“Customer Satisfaction” to “Customer “Success”

“We’re getting better at [Six Sigma] every day. But we really

need to think about the customer’s profitability. Are customers’

bottom lines really benefiting from what we provide them?”

Bob Nardelli, GE Power Systems

Page 26: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

[Old view: Out of service 9 days. 4 days are transport, which is client

responsibility.

New view: ALL 9 DAYS ARE OUR RESPONSIBILITY! Why? 9 days =

Client’s world.]

Source: Steve Kerr

Page 27: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

Four Seasons Hotel Las Vegas

MY STAY HAS BEEN LOUSY!

YOUR PROBLEM: A GROTESQUE START. To wit: 1 hour, 7 minutes in an airport cab line @ 10:30 P.M.

(1:30 A.M. EDT)

Page 28: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

Fact:

You are responsible, in my mind,

for … THE TURNKEY TRAVEL EXPERIENCE … and I don’t discriminate among

who provides what.

Page 29: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

Brand Outside

Strategy 1:

Lead the Customer!

Page 30: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

“Wealth in this new regime flows directly from innovation, not

optimization. That is, wealth is not gained by perfecting the known,

but by imperfectly seizing the unknown.”

Kevin Kelly, New Rules for the New Economy

Page 31: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

Amen!

“The Age of the Never Satisfied

Customer”Regis McKenna

Page 32: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

P.S.: I loved having a Printer in my Hyatt Regency Buffalo room the night before last. Hint: Fax

machines [in the room] are seriously Old Economy, a cute anachronism which demos that

you don’t get it.

Page 33: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

An Office Away From Home …

Easy physical access to plugs and phone jacks [Marriott?]

Ergonomically correct chair & desk[Nobody?]

High speed phone access [Nobody?]

Multiple [preferably 3] phone linesPrinter [Hyatt]

Page 34: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

Brand Outside

Strategy 2:

Use E-Commerce

to Re-invent the Business!

Page 35: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

?????

$35,000,000.

Page 36: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

Dell’s Web sales … daily

Page 37: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

Tomorrow Today: Cisco!

90% of $14.4BSave $500M (service and tech

support)

C.Sat e >> C.Sat H

Page 38: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

Welcome to

D.I.Y. Nation!“Changes in business processes will emphasize self service. Your costs as

a business go down and

perceived service goes up because customers are conducting it

themselves.” Ray Lane, Oracle

Page 39: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

Anne Busquet/ American Express

Not: “Age of the Internet”

Is: “Age of Customer Control”

Page 40: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

“In the network economy, the Website becomes the company’s primary interface to the customer.

The user interface becomes the marketing materials, store front,

store interior, sales staff and post-sales support all rolled into one.”

Jakob Nielsen, Designing Web Usability

Page 41: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

“Where does the Internet rank in priority?

It’s No. 1, 2, 3, and 4.” Jack Welch

Page 42: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

“Banking is

necessary. Banks are not.”

Dick Kovacevich, Norwest/ Wells

Page 43: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

Q: Will 90% of business meetings disappear in the

next 5 to 15 years?

A: It’s not a stupid question.

Page 44: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

Brand Outside

Strategy 3:

Women Rule!

Page 45: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

?????????

Home Furnishings … 94%Vacations … 92%

Houses … 91%Bank Account … 89%

Health Care … 75%Etc.

Page 46: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

$3.3T + $1.5T = $4.8T*

* Larger than Japan!

Page 47: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

48% working wives > 50%80% checks

61% bills53% stock (mutual fund boom)

43% > $500K95% financial decisions/

29% single handed

Page 48: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

Yeow!

1970 … 1%

2002 … 50%

Page 49: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

OPPORTUNITY

NO. 1!

Page 50: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

Read This Book …

EVEolution: The Eight Truths of Marketing to Women

Faith Popcorn & Lys Marigold

Page 51: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

“Men and women don’t think the same way, don’t communicate the same

way, don’t buy for the same reasons.

“He simply wants the transaction to take place. She’s interested in creating a relationship. Every place women go,

they make connections.”

Page 52: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

EVEolution: Truth No. 1

Connecting Your Female Consumers to Each

Other Connects Them to Your Brand

Page 53: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

“The ‘Connection Proclivity’ in women starts early. When asked,

‘How was school today?’ a girl usually tells her mother every

detail of what happened, while a boy might grunt, ‘Fine.’ ”

EVEolution

Page 54: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

Weight Watchers International “Model”

“What if ExxonMobil or Shell dipped into their credit card database to help commuting women

interview and make a choice of car pool partners?”

“What if American Express made a concerted effort to connect up female empty-nesters

through on-line and off-line programs, geared to help women re-enter the workforce with today’s

skills?”

EVEolution

Page 55: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

27 March 2000: email to TP from Shelley Rae Norbeck

“I make 1/3rd more money than my husband does. I have as much financial

‘pull’ in the relationship as he does. I’d say this is also true of most of my women

friends. Someone should wake up, smell the coffee and kiss our asses long enough

to sell us something! We have money to

spend and nobody wants it!”

Page 56: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

Who “Gets It”?

Nobody??Wyndham??

Page 57: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

Speaking of Enormous

[Missed] [Huge] Opportunities ...

Page 58: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

74/55

“At each stage of their lives, the needs and desires of the baby

boomers have become the dominant concerns of American business and popular culture. If you can anticipate

the movement of the baby-boom generation’s life-span migration, you

can see the future.”Ken Dychtwald, Age Wave

Page 59: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

Aging/“Elderly”

2X growth rate$$$$$$$$$$$$

“I’m in charge!”

Good source: Ken Dychtwald, Age Wave

Page 60: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

Priorities: Aging/“Elderly”

Experiences … Convenience … Comfort

… Access … Respect!

Page 61: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

Brand Outside

Strategy 4:

Design Rules!

Page 62: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

“Design is treated like a religion at BMW.”

Fortune (10/98)

Page 63: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

Design as Soul

“We don’t have a good language to talk about this kind of thing. In most people’s

vocabularies, design means veneer. … But to me, nothing could be further from the

meaning of design. Design is the fundamental soul of a

man-made creation.”Steve Jobs

Page 64: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

“My favorite word is grace –

whether it’s amazing grace,

saving grace, grace under fire,

Grace Kelly. How we live contributes to beauty – whether it’s how we treat other people or

the environment.”

Celeste Cooper, designer

Page 65: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

Please …

FRESH AIR!

Page 66: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

Brand Outside

Strategy 5:

It’s the Experience!

Page 67: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

“Experiences are as distinct from services as services are from

goods.”Joseph Pine & James Gilmore, The

Experience Economy: Work Is Theater & Every Business a Stage

Page 68: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

“The [Starbucks] Fix” Is on …

“We have identified a ‘third place.’ And I really believe that sets us apart. The third place is

that place that’s not work or home. It’s the place our

customers come for refuge.”Nancy Orsolini, District Manager

Page 69: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

Experience: “Rebel Lifestyle!”

“What we sell is the ability for a 43-year-old accountant to dress in black leather, ride through small towns and have people be afraid

of him.”

Harley exec, quoted in Results-based Leadership

Page 70: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

“The deepest human need is

the ... NEED TO BE APPRECIATED.”

William James

Page 71: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

“It was much later that I realized Dad’s secret. He gained respect by giving it. He talked and listened to the fourth-

grade kids in Spring Valley who shined shoes the same way he talked and listened to a bishop or a college

president. He was seriously interested in who you were and what you had to

say.”

Sara Lawrence-Lightfoot, Respect

Page 72: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

Oxymoron: Respect from an Airline!

I can cope with delays. I cannot cope with lies … especially Sins

of Omission.

IT IS DISRESPECTFUL TO ME AS A HUMAN BEING!

Page 73: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

5:47 “Amber light, back to you in a coupla minutes”

6:00 NO WORD YET6:08 “Be about ten minutes …

I know it’s hot in here …

it’s not our fault”GAP = 21 MINUTES

[All’s NOT well that “ends well”][21 minute “gap” SUCKS]

Page 74: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

The Ultimate “Win”/Compliment

“It’s good to be home.”

TP to Concierge @ ???????????

Page 75: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

Four Seasons Chicago

Page 76: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

A League of Their Own!

WashingtonChicagoLondon

BostonPhiladelphia

Page 77: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

Other B.I.P.s

Hotel Plaza Athenee Gidleigh Park [B.I.U.]

R.C. Laguna Niguel, rm21XXR.C. McQuarrie(?) St/Sydney

The Oberoi/New DelhiRaffles

The Oriental/BangkokCiragan Palace Hotel/Kempinski-Istanbul, rm258

L’Hotel/ParisHotel Hana Maui

Las Brisas/AcapulcoHay Adams, rooms overlooking the White House

(“Best Caesar Salad,” night chef only)One Devonshire Gardens/Glasgow

Almost anything in the Preferred Hotels & Resorts Worldwide

Page 78: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

Some W.I.P.s

The Breakers[A league of its own!]

Hotel del CoronadoThe Windsor [Melbourne]Brown’s [great High Tea,

but hopelessly creaky & cranky]

Page 79: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

Hotel Plaza Athenee

Really Know Me!![And, subsequently, I know their staff.]

Love My Kids!! [Roller blade from street to elevator]Fuss over Susan as much as me!!!

[And know her last name is Sargent!] Get the “little” preferences right.

[USA Today, water for tea] [You supposedly do]NOT PRETENTIOUS OR PRECIOUS!

[But, still, serve their full share of blue hairs.]

Page 80: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

The Good Old [Calmer] Days …

The Kidney Stone Moment!

Page 81: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

BOBOS In Paradise/David Brooks

“It’s been easy to distinguish between the bourgeois world of capitalism and the bohemian world of counterculture. The bourgeois were the square, practical ones. The bohemians were the free spirits who flouted conventions. But now it was impossible to tell an espresso-sipping

artist from a cappuccino-gulping banker. It became clear that I was observing a cultural

consequence of the information age. …

Page 82: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

The people who thrive in this period are the ones who can turn ideas and emotions into products.

These are highly educated folk who have one foot in the bohemian world of creativity and another foot in the bourgeois realm of worldly success. The members of the new information elite are bourgeois bohemians. Or, to take the first two

letters of each word, they are Bobos. These Bobos define our age. They are the new elite. Their hybrid culture is the atmosphere we all

breathe. Their status codes now govern social life.”

Page 83: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

Criticism No. 1:

Billy C. doesn’t phase me, but …

I am [frequently] intimidated by the 4S.

Page 84: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

Wish List

Calm but not lifelessFriendly but not cloyingUnderstated elegance

“Comfy” [physical, mental]FRESH AIR!

The Right to Be Left AloneWIRED! [Brown’s]

Responsive/Magical Moments [e.g. roller blades in London]

24 hr room service [PCS @ Philly]24 hour health club access [rare!]

Page 85: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

Brand Outside

BRAND POWER!

Page 86: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

Brand It! Now, More Than Ever!

“The increasing difficulty in differentiating between products and

the speed with which competitors take

up innovations will assist in the rise and rise of the brand.”

Gillian Law and Nick Grant, Management [New Zealand]

Page 87: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

06.08.00

Colonial Williamsburg

Page 88: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

Scott Bedbury/ Nike, Starbucks

“A Great Brand taps into emotions. Emotions drive most, if not all, of our decisions. A brand reaches out with a powerful connecting experience. It’s an

emotional connecting point that transcends the product.

“A Great Brand is a story that’s never completely told. A brand is a metaphorical story that

connects with something very deep - a fundamental appreciation of mythology.

Stories create the emotional context people need to locate themselves in a larger experience.”

Page 89: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

“We are in the twilight of a society based on data. As information and intelligence become the domain of computers, society will place more value on the one human ability that cannot be automated: emotion.

Imagination, myth, ritual - the language of emotion - will affect everything from our purchasing decisions

to how we work with others. Companies will thrive on the basis of their stories and

myths. Companies will need to understand that their products are less important than their stories.”

Rolf Jensen, Copenhagen Institute for Future Studies

Page 90: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

Brand = You Must Care!

“Success means never letting the competition define you. Instead you have to define

yourself based on a point of view you care deeply about.”

Tom Chappell, Tom’s of Maine

Page 91: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

“Create a Cause, not a ‘business.’ ”

Gary Hamel, Fortune (06.00), on re-inventing a company (Exemplar #1:

Charles Schwab)

Page 92: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

Top Threats to the 4S Brand

Complacency! (Success Kills!)

Growth/Bureaucracy! (An EVP S.O.U.B.?)

Failure to reinforce the CultureTalent Drain (Pay the price!!)

Niche ChallengersChanging “Demographics”

(Bobos, Women, Gen X)

The Web (the DEATH of business meetings)

Page 93: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

Message …

Personal service firms are exceedingly fragile

And exceedingly stuck in their ways

Page 94: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

Brand Leadership

Passion Rules!

Page 95: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

Brand Leadership!

“A key – perhaps the key – to leadership is the effective

communication of a story.”

Howard Gardner Leading Minds: An Anatomy of Leadership

Page 96: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

“Leadership is a performance. You have to be

conscious of your behavior, because everybody else is.”

Carly Fiorina

Page 97: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

Brand Leadership:ENTHUSIASM RULES!

“I am a dispenser of enthusiasm”/ Ben

Zander

Page 98: Four Seasons Hotels and Resorts Las Vegas 10 June 2000.

Ann Richards’ Dogma

Show up!

Know your message!

PUT YOURSELF AT RISK EVERY DAY!