Saying “Thank You” makes good business sense

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stick_figure_drawing_thank_you_1600_wht_6923Robert A Eckert was Chairman and CEO of Mattel, the world’s largest toy company, from 2000 to 2011 and stayed on as Chairman through 2012.

When he retired he was asked to write a piece for the HBR reflecting on his career and chose to use it as an opportunity to publicly thank everyone who made his work fun.

He’d spent 23 years at Kraft Foods before he joined Mattel, which at the time was losing almost a million dollars a day.

He’d started at the bottom in Kraft and worked his way round and up the organisation supported by 15 different bosses who taught and mentored him. Like most people he did work for a bad boss as well but he just learned from everything.

He believes that people went to work aiming to do a good job and that what they wanted most (after sex and money) was recognition and praise.

At Mattel they had a Rave Reviews programme which allows employees to thank each other with a gift certificate for coffee or a soft drink and for senior managers who excelled they gave out a Chairman’s award at public meetings.

Mattel was named one of the best companies to work for in Fortune magazine 6 years running.

Eckert is a great believer in recognising people’s efforts and saying thank you.

He also says his colleagues can vouch for his toughness and doesn’t want to be thought of as soft touch. Given what he achieved at Mattel you can believe that.

In the HBR article he gives these tips:

  • Set aside time every week to acknowledge people’s good work
  • Handwrite thank-you notes whenever you can. The personal touch matters in the digital age.
  • Punish in private; praise in public. Make the public praise timely and specific.
  • Remember to cc people’s supervisors. “Don’t tell me; tell my boss”
  • Foster a culture of gratitude. It’s a game changer for sustainably better performance

Source: “The two most important words” HBR April 2013

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One thought on “Saying “Thank You” makes good business sense

    […] the culture of the organisation. I posted a while ago about Robert A Eckert’s philosophy at Mattel where he was Chairman and CEO in his time there. In his view people were important and saying thanks […]

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