it’s all about the people - silvergate bank · it’s all about the people garry ridge ......
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People - Products - Passion
SERVANT LEADERSHIP WITH AN EDGE
© 2015 The Learning Moment Inc.
All rights reserved. Do not duplicate.
thelearningmoment.net
Results in a tribal culture
that values:
•Caring
•Candor
•Accountability
•Responsibility
Culture
What exactly is a culture?
Your company culture reflects the collective shared beliefs, values, attitudes and resulting behaviors
of everyone in your workforce.
This culture is driven by your organization’s goals, strategies, structure, and approaches to employees, customers and the greater
community. As such, your company’s culture has a significant effect on the success of your
business and your bottom line.
Guiding Principles
Vision
• Create positive lasting memories by solving problems in workshops, factories and homes around the world.
• (“Problem Solved, Job Done Right”)
Values
• We value doing the right thing. (Trust)
• We value creating positive lasting memories in all our relationships. (Relationships)
• We value making it better than it is today. (Creative Innovation)
• We value succeeding as a tribe while excelling as individuals. (Teamwork)
• We value owning it and passionately acting on it. (Action)
• We value sustaining the WD-40 Company economy. (Economic Value)
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is in the memories business
• With end users
– By solving problems in the factories and homes of the world
• With our people – we call them tribe members
– By creating a culture based on care, candor, accountability & responsibility – guided by our values and nourished by learning and our credo – “we are not here to mark your paper we are here to help you get an A”
• With our shareowners
– By being an investment that balances short & long term returns – applies high corporate governance principles, is transparent with strategy & goals – delivering best in class returns
Maslow’s hierarchy of needs…..
Need for self –actualization Challenges, opportunities, creativity,
learning.
Need for self-esteem
Achievement, self-esteem, self-respect, social status & recognition
Social Needs – belongingAcceptance, membership, team
interaction, friendship
Safety and Security
When physiological needs are met, then attention turns to physical safety, peace &
economic security.
Physical needs
To sustain life such as air, water, food, warmth and sleep
A Tribal
Culture
Learning &
Teaching Succession
& Innovation
Ceremony &
Celebration
Specialized Skills
Providers
Warriors
Community &
Belonging
Values
© 2015 The Learning Moment Inc. All rights reserved. Do not duplicate
Leaders involve their people
Leaders are always in servant leadership mode
Leaders are expected to be competent
Leaders are connected - EQ
Leaders exercise good judgment
Leaders need to have a strong sense of self worth
Leaders value the gift of contrarians
Leaders move forward
Leaders do what they say they are going to do
Leaders are champions of hope
10 traits of leadership
© 2014 The Learning Moment Inc. All rights reserved. Do not duplicate
•31.5%Engaged
•51.0%Disengaged
•17.5%Actively Disengaged
Majority of U.S. Employees Not Engaged
Source – Gallup 2014 Employee Engagement Survey
2014 Employee Engagement Survey Results
Question Result
Average of all questions 93.7
I understand how my job contributes to achieving WD-40 Company’s goals. 99.7
I know what results are expected of me. 98.6
I love to tell people that I work for WD-40 Company. 97.6
I am clear on the company’s goals. 97.1
I respect my supervisor. 97.1
I feel my opinions and values are a good fit with the WD-40 Company culture. 96.8
WD-40 encourages employees to continually improve in their job, to “make it better” 96.3
I am excited about WD-40 Company’s future direction. 95.6
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$155$170
$186$202
$217$230
$263$280
$289
$327$338
FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14
Strong Brands with a Global Reach
Global financial
crisis
Largest ever downturn in U.S. housing
Largest GDP decline in Eurozone
history
Largest drop in U.S. auto production
Doubled MPMP sales over the last 10 years despite macroeconomic challenges
1) In millions – all years at FY14 foreign currency exchange rates19
Five -Year Comparison of Total Shareholder Return
20*$100 invested on 8/31/09 in stock or index, including reinvestment of dividends.
$80
$100
$120
$140
$160
$180
$200
$220
$240
$260
$280
$300
FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014
Value of $100 Invested on August 31, 2009
WD-40 Company S&P 500 Russell 2000