A Company's Greatest Asset
-
Upload
shay-moser -
Category
Business
-
view
66 -
download
0
Transcript of A Company's Greatest Asset
![Page 1: A Company's Greatest Asset](https://reader037.fdocuments.net/reader037/viewer/2022103010/58761e751a28ab8b7b8b469d/html5/thumbnails/1.jpg)
1
Tony SarsamChief Executive OfficerReady Pac Foods, Inc.
Arizona State UniversityEconomic Club LuncheonNovember 10, 2016
A Company’s Greatest Asset
![Page 2: A Company's Greatest Asset](https://reader037.fdocuments.net/reader037/viewer/2022103010/58761e751a28ab8b7b8b469d/html5/thumbnails/2.jpg)
Today, I’d Like To Share
1. A bit about me
2. A little about Ready Pac Foods
3. The importance of focusing on people to improve the bottom line
4. Lessons from a handful of turns
5. What does it all mean?
![Page 3: A Company's Greatest Asset](https://reader037.fdocuments.net/reader037/viewer/2022103010/58761e751a28ab8b7b8b469d/html5/thumbnails/3.jpg)
Image of Sun Devil (ASU) & Cardinal (Stanford)
3
A Bit About Myself
![Page 4: A Company's Greatest Asset](https://reader037.fdocuments.net/reader037/viewer/2022103010/58761e751a28ab8b7b8b469d/html5/thumbnails/4.jpg)
My Career Path …
4
1985 - 2002• Every job there was in manufacturing
• Finance
• Sales
• General Manager (GM)
• Sales Strategy National
• Distribution Strategy
2003 - 2006
![Page 5: A Company's Greatest Asset](https://reader037.fdocuments.net/reader037/viewer/2022103010/58761e751a28ab8b7b8b469d/html5/thumbnails/5.jpg)
My Career Path …
5
2006 - 2010• EVP Operations
and Supply Chain
• EVP Sales and Operations
2010 - 2013• President
2013 - Present• CEO
![Page 6: A Company's Greatest Asset](https://reader037.fdocuments.net/reader037/viewer/2022103010/58761e751a28ab8b7b8b469d/html5/thumbnails/6.jpg)
6
Staffing is key
Service / quality always matter
Must understand what really drives profit
Turnaround Lessons in Every Job
![Page 7: A Company's Greatest Asset](https://reader037.fdocuments.net/reader037/viewer/2022103010/58761e751a28ab8b7b8b469d/html5/thumbnails/7.jpg)
Common Theme
7
![Page 8: A Company's Greatest Asset](https://reader037.fdocuments.net/reader037/viewer/2022103010/58761e751a28ab8b7b8b469d/html5/thumbnails/8.jpg)
Common Theme
8
People. People. People!
8
![Page 9: A Company's Greatest Asset](https://reader037.fdocuments.net/reader037/viewer/2022103010/58761e751a28ab8b7b8b469d/html5/thumbnails/9.jpg)
Lessons Learned
9
Communicate a vision … what’s important … quickly … and gain alignment
Show people how to win … and ensure they know they are winners
Focus most energy on people … what can be done for them, what culture drives performance, what values capture their hearts
![Page 10: A Company's Greatest Asset](https://reader037.fdocuments.net/reader037/viewer/2022103010/58761e751a28ab8b7b8b469d/html5/thumbnails/10.jpg)
A Little About Ready Pac Foods …
10
Giving People The Freedom To Eat Healthier™
![Page 11: A Company's Greatest Asset](https://reader037.fdocuments.net/reader037/viewer/2022103010/58761e751a28ab8b7b8b469d/html5/thumbnails/11.jpg)
History of Innovation & Industry Leadership
11
![Page 12: A Company's Greatest Asset](https://reader037.fdocuments.net/reader037/viewer/2022103010/58761e751a28ab8b7b8b469d/html5/thumbnails/12.jpg)
Ready Pac Foods Facilities
12
Corporate Headquarters & Processing Facility
Florence, NJ
Jackson, GA
Swedesboro, NJ
![Page 13: A Company's Greatest Asset](https://reader037.fdocuments.net/reader037/viewer/2022103010/58761e751a28ab8b7b8b469d/html5/thumbnails/13.jpg)
Joining a New Organization as CEO
13
Critical to communicate a vision quickly and get people aligned to it
Focused on taking care of people and assumed they would respond quickly to the vision I was developing
Everything was going according to plan until …
113
![Page 14: A Company's Greatest Asset](https://reader037.fdocuments.net/reader037/viewer/2022103010/58761e751a28ab8b7b8b469d/html5/thumbnails/14.jpg)
14
Textbook for all the things you could do wrong from a people perspective
No communication within the organization
Lack of personal accountability
Limited regard for the frontline Associates
Day 01
![Page 15: A Company's Greatest Asset](https://reader037.fdocuments.net/reader037/viewer/2022103010/58761e751a28ab8b7b8b469d/html5/thumbnails/15.jpg)
Invest in People … FAST!
15
![Page 16: A Company's Greatest Asset](https://reader037.fdocuments.net/reader037/viewer/2022103010/58761e751a28ab8b7b8b469d/html5/thumbnails/16.jpg)
Focus on People …
16
Build a team committed to winning1
2 Communicate … respect & transparency
3 Communicate … the vision
4 Celebrate great performance
![Page 17: A Company's Greatest Asset](https://reader037.fdocuments.net/reader037/viewer/2022103010/58761e751a28ab8b7b8b469d/html5/thumbnails/17.jpg)
Focus Hiring Great Generals
17
First Team3
Right talent for the challenge
![Page 18: A Company's Greatest Asset](https://reader037.fdocuments.net/reader037/viewer/2022103010/58761e751a28ab8b7b8b469d/html5/thumbnails/18.jpg)
Communicate … Respect & Transparency
18
3
Wage Authority
Monthly newsletter & quarterly videos
Town Hall Meetings
![Page 19: A Company's Greatest Asset](https://reader037.fdocuments.net/reader037/viewer/2022103010/58761e751a28ab8b7b8b469d/html5/thumbnails/19.jpg)
Communicate the Vision
19
3
![Page 20: A Company's Greatest Asset](https://reader037.fdocuments.net/reader037/viewer/2022103010/58761e751a28ab8b7b8b469d/html5/thumbnails/20.jpg)
Communicate the Vision
20
3
![Page 21: A Company's Greatest Asset](https://reader037.fdocuments.net/reader037/viewer/2022103010/58761e751a28ab8b7b8b469d/html5/thumbnails/21.jpg)
Communicate the Vision
21
3
![Page 22: A Company's Greatest Asset](https://reader037.fdocuments.net/reader037/viewer/2022103010/58761e751a28ab8b7b8b469d/html5/thumbnails/22.jpg)
Celebrate People & Success
22
3 Clear goals Clear path to winning Circle of Excellence (COE) Annual Management
Conference (AMC)
![Page 23: A Company's Greatest Asset](https://reader037.fdocuments.net/reader037/viewer/2022103010/58761e751a28ab8b7b8b469d/html5/thumbnails/23.jpg)
People are the Keys to Success
23
Get the right leaders… and be the right leader
Invest in peopleRecognize, reward and
celebrate your people
![Page 24: A Company's Greatest Asset](https://reader037.fdocuments.net/reader037/viewer/2022103010/58761e751a28ab8b7b8b469d/html5/thumbnails/24.jpg)
24
Questions?
![Page 25: A Company's Greatest Asset](https://reader037.fdocuments.net/reader037/viewer/2022103010/58761e751a28ab8b7b8b469d/html5/thumbnails/25.jpg)
Thank You