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  • FEMALE SPEAKER: Hello, everyone.

  • Welcome, fellow Googlers and guests.

  • I am delighted to introduce to you

  • today an extremely inspiring, thoughtful, and genuine person,

  • the chairman and CEO of The Container Store,

  • and the author of "Uncontainable," Kip Tindell.

  • Kip has been the helm of The Container Store

  • since its stores opened in Dallas in 1978.

  • This is the first store that was devoted solely

  • to organizational and storage products.

  • The Container Store has stores nationwide now

  • and a thriving website.

  • But for Kip, the goal has never been growth for growth's sakes,

  • but rather to adhere to the company's

  • value-based foundation principles, which

  • center around an employee-first culture, superior customer

  • service, and strict merchandising.

  • In November 2013 under Kip's leadership,

  • The Container Store became a public company.

  • The primary reason again for this being

  • to get more stock into the hands of employees,

  • to maximize the autonomy for the company's culture

  • and management team and to have a more visible stage

  • to create a conscious company that

  • inspires others to emulate.

  • Kip is also very actively involved

  • in the community, dedicating time and resources

  • to the Salesmanship Club of Dallas,

  • serving on the board of Whole Foods Market.

  • He is also the first vice chairman of the board,

  • chairman of finance committee, and treasurer

  • of the National Retail Federation.

  • And last, but certainly not least, he is passionately

  • involved as a leader in Conscious Capitalism, Inc.,

  • which is a community of like-minded business

  • thought and academic leaders who are working to elevate humanity

  • through a conscious approach to business.

  • And before Kip begins telling us about his book,

  • we have a short video to watch.

  • [VIDEO PLAYBACK]

  • -How do you build a business where everyone can thrive?

  • By simultaneously creating value for everyone involved.

  • For us, that starts with our employees.

  • -Everything that I do and don't do

  • matters and affects someone around me.

  • And when you feel that kind of responsibility, going to work

  • is exciting.

  • I can't wait to get up and get my day started.

  • That's what I love about working at The Container Store.

  • I don't just sell products.

  • I solve problems by helping our customers get organized,

  • which I know can improve their lives.

  • I can really focus on helping them,

  • because I get the communication, training, and support I need

  • from the company, my managers and team, I absolutely love--

  • -Walking into the store.

  • No matter what my day's been like,

  • I can always find a little bit of calm to take home.

  • The employees are so happy and helpful,

  • you can't help but smile.

  • -And let me tell you, my kids notice when I'm less stressed.

  • When I can find what I'm looking for, I have more energy

  • and I can get everyone out the door on time.

  • -The Container Store is more like a--

  • - --friend than a company.

  • I'm not just a vendor to them.

  • We're partners in success.

  • They looked beyond the fact that I was just starting my business

  • and they saw the potential in my product and in me.

  • Because of our partnership, my business

  • has grown tremendously.

  • We've hired more people, developed new products,

  • and even taken on a new factory.

  • Together--

  • - --we've impacted so many lives.

  • Our unique partnership over the years

  • has impacted the way thousands of people

  • think about their minds-- increasing creativity,

  • organizing their minds, and increasing their capacity

  • to think smarter.

  • Our connection with The Container Store--

  • - --has helped us support many conscious businesses.

  • Their commitment to their foundation principles,

  • employee-first culture, and conscious capitalism

  • is not just marketing spin.

  • It's making a difference.

  • The idea that you can make business decisions based

  • on love and still be highly profitable

  • is gaining momentum and credibility.

  • And profits aren't a bad thing.

  • They're what give businesses the ability

  • to take better care of their employees

  • and give more to their communities.

  • It's not altruism.

  • It's capitalism being done in a conscious way that

  • ensures everyone--

  • - --All the customers--

  • - --the employees--

  • - --all the vendors--

  • - --the entire community--

  • - --and the shareholders--

  • - --can all thrive together.

  • [END VIDEO PLAYBACK]

  • FEMALE SPEAKER: Now if you can all

  • help me in extending a warm welcome to Kip Tindell.

  • [APPLAUSE]

  • KIP TINDELL: Thank you.

  • Thank you so much.

  • Well, that's what we're trying to do at The Container Store

  • is a create a business where everyone thrives.

  • And we spend more time working than any other waking endeavor.

  • And so I just think it's probably

  • the best thing you can do with all those hours

  • that you spend working, create a business where

  • everyone thrives.

  • And that means very much in the conscious capitalist

  • stakeholder model, the employee thrives, the community thrives,

  • the vendor thrives, the shareholder thrives.

  • Everyone associated with the business thrives.

  • How many of you have shopped at The Container Store?

  • OK, that's pretty good.

  • We have to work on you too.

  • Well, we began in 1978 with one tiny little 1600-square-foot

  • store in Dallas, Texas, with a whopping $35,000 in capital.

  • And somehow we knew-- I don't know how,

  • but somehow we knew that-- I mean,

  • people think of The Container Store as saving space,

  • getting you organized.

  • But what I think we're really doing

  • is giving our customers the gift of organization.

  • You really have no choice but to be reasonably

  • well-organized in your life if you're

  • going to accomplish half of what you want to accomplish.

  • Something as simple as getting two children ready for school

  • in the morning is either a nightmare or a pleasure,

  • depending upon how organized you are and they are.

  • Traveling is so much simpler if you're

  • reasonably well-organized.

  • So I really do feel like we're giving the gift of an organized

  • life to our customers.

  • It was interesting starting the business.

  • I mean, my dad, who's like, he's kind of a Texas oil man, right?

  • He was like, you're going to open

  • a store that sells empty boxes?

  • I mean, he was really concerned about all that.

  • But that's not really the target customer at all.

  • So it all worked out.

  • We run our company on seven foundation principles,

  • which I won't be able to go into all in this little talk.

  • But they're all available online at our blog,

  • whatwestandfor.com.

  • And these seven foundation principles

  • are identical to the four tenants

  • of conscious capitalism.

  • And we've been operating that way since 1978.

  • We just didn't know to call it conscious capitalism back then.

  • And so they're simple, almost corny,

  • "do unto others" type things that everybody agrees on.

  • How many of you don't really agree

  • with that "do unto others" thing?

  • You think that's a bad idea?

  • So see, everybody agrees with these simple things.

  • One of them is Andrew Carnegie's statement.

  • The great industrialist Andrew Carnegie

  • was laying on his deathbed and attributed all

  • his business success to the one credo, the one guiding

  • light that fill the other guy's basket to the brim-- making

  • money then becomes an easy proposition.

  • Fill the other guy's basket to the brim-- making money then

  • becomes an easy proposition.

  • That's the exact opposite of what

  • people are raised to believe, that business is somehow

  • a zero sum game, where someone has to lose in order for you

  • to win.

  • And so that one foundation principle,

  • fill the other guy's basket, has us creatively

  • crafting mutually beneficial relationships with our vendors.

  • And being able to compete with the giant,

  • mass merchant retailers in America,

  • because we can't beat them on volume necessarily.

  • But we can beat them on relationship

  • synergistic win-win, fill the other guy's basket relationship

  • with these vendors.

  • And you become your vendor's favorite customer.

  • And you don't have to beat up your vendor to get ahead.

  • It's far better to creatively craft that mutually beneficial

  • relationship, which is only limited by your imagination

  • and how much you can learn about each other's businesses.

  • And then you form this synergistic relationship

  • that is immensely more profitable than just

  • the old power struggle, the tug and back and forth

  • of trying to sort of beat up the vendor.

  • And it's much more enjoyable.

  • If you look at the companies that

  • are dominating their niches-- and Google

  • is a great example-- Southwest Airlines, Whole Foods,

  • Costco-- they're very good at those synergistic

  • relationships.

  • That's where actually more money is made.

  • Conscious capitalism is not a sacrifice.

  • Conscious capitalism actually makes you more profitable than

  • if you were trying to do it the other way.

  • And that's why I think that eventually, people

  • like John Mackey, the Whole Foods guy,

  • and I can quit trying to spread the word

  • about conscious capitalism, because I think

  • a good capitalist is going to eventually adopt

  • that methodology which is most successful.

  • And it's kind of a movement.

  • And it's kind of beginning to happen like that.

  • Skepticism is vanishing.

  • Much to my delight and surprise, when

  • we did our IPO roadshow, the largest institutional investors

  • on Wall Street, all they really wanted to talk about

  • was conscious capitalism and the quirky, yummy culture

  • of The Container Store.

  • I thought when I tried to talk about culture,

  • they would roll their eyes and get impatient and think

  • "Kumbaya" and all that.

  • But I mean, skepticism is vanishing on this.

  • And it's fun to give a presentation at Google

  • because Google is a great example of it.

  • So I encourage you to read about the foundation principles.

  • They're simple.

  • You can read about them on the blog, what we stand for.

  • And they were created as a means to the end.

  • We have 6,000 employees.

  • We don't want to be 6,000 yahoos going

  • in 6,000 different directions.

  • So we agree on the ends, like fill the other guy's basket

  • to the brim.

  • And then everybody's enabled to choose their own means

  • to the end.

  • I don't think I'm smart enough.

  • No one's smart enough to tell that many people

  • how to handle any given situation.

  • Because life's too situational.

  • And certainly retail is too situational.

  • So that unharnesses everybody to use

  • their own individual creative genius

  • to figure out how to get to that end.

  • And you'll hear things like, well, why do we do it that way?

  • Well, that's because of the Andrew Carnegie thing, the fill

  • the other guy's basket to the brim.

  • And what's remarkable about that,

  • and it kind of surprised me how true

  • it is, even though he never told all these people how

  • to handle a particular circumstance, just

  • liberating everybody to agree on these ends

  • and choose their own means causes a circumstance that

  • arises in the Miami store to be handled miraculously,

  • the same as it is in the Seattle store.

  • People are people.

  • They're using individual means, but the ends are the same.

  • Does that makes sense?

  • I mean, it's just the old means to the end thing.

  • I think it's oppressive to try to tell people

  • how to get to the end.

  • Let them figure out-- let them be themselves.

  • Let them be their own beautiful, unique personalities.

  • And then just kind of agree on the ends.

  • Conscious capitalism is something I'm passionate about.

  • Weirdly and oddly enough, John Mackey,

  • the quirky, wonderful founder and CEO of Whole Foods and I

  • were actually college roommates at University of Texas.

  • It's just bizarre.

  • And then we both went off and started

  • these conscious capitalist retail businesses.

  • We saw each other a little bit, but not that much after school.

  • We were so busy being entrepreneurs

  • and growing our businesses.

  • And after about 20 years, we got together

  • for this really extensive, almost all-day-long Time

  • Magazine article.

  • And we were rolling on the floor,

  • laughing hysterically at how identical our business

  • philosophies have become, even though we hadn't-- I mean,

  • that's not what we talked about in college.

  • You know what we talked about in college,

  • and it wasn't conscious capitalism.

  • It was girls.

  • It wasn't retail.

  • And so many identical things that we thought no one

  • believed or no one thought and it was just hysterical.

  • And that article is still out there on the internet-- Time

  • Magazine with John Mackey and Kip Tindell.

  • The four tenets of conscious capitalism-- number one,

  • you have a higher purpose as a business.

  • You have a higher purpose than just profit or just

  • making money for your business.

  • I don't know any entrepreneurs-- I

  • don't think I've ever met an entrepreneur that

  • said the reason they did what they did

  • was to make a lot of money.

  • Doctors don't say the reason I became

  • a doctor was to make a lot of money, right?

  • I mean, it's you have a higher purpose besides just profits.

  • That's one of the four tenets of conscious capitalism.

  • The other is conscious leadership.

  • Conscious leadership-- I think CEOs get too much credit.

  • They're kind of in this celebrity culture.

  • I think they're a little overglamorized.

  • It's really the people behind them,

  • people around them, the management team

  • and the part-time worker in the store that

  • really makes the business what it is.

  • But with conscious capitalism, that person who is in that top

  • role and the top management team needs to really genuinely

  • believe, in their heart and soul, in conscious capitalism,

  • or it cannot and will not happen in that organization.

  • Because there's too many forces to push against it.

  • It has to be OK to behave like that thoroughly.

  • And it really helps for that individual leader

  • to understand and embody the whole servant leadership

  • aspect of leadership, and not be particularly

  • in it for themselves.

  • What really helps is if they're kind of

  • pretty high on Maslow's hierarchy of needs.

  • It's hard to manage that way if you're cold or hungry or lonely

  • or still trying to prove to your dead father

  • that you're a great businessman.

  • You know?

  • I mean, deep-seated insecurities get

  • in the way of that type of leadership.

  • Servant leadership is a key component

  • of conscious capitalism.

  • I think it sums it up very well.

  • And one thing I've learned is I used

  • to just think we needed the smartest

  • person to take that big, important job.

  • And I love intelligence, and you look for that.

  • But the social IQ is even more important

  • than the intellectual IQ-- something I've really learned.

  • And so having those qualities, those understanding

  • and being good at nurturing and communication, social IQ,

  • being calmly self-confident but in a very servant leadership,

  • giving way, so that you're not-- you

  • can't give if you're that needy.

  • You can't be a good leader and you

  • can't do much for the world around you

  • if you don't have anything to give.

  • So that type of conscious leadership's the second point

  • that I think is so important in conscious leadership.

  • The other's a stakeholder model.

  • And I love the stakeholder model.

  • And Ed Freeman at University of Virginia Darden School

  • of Business is credited with having created

  • the conscious capitalism stakeholder model.

  • You're optimizing the needs of all the stakeholders

  • of the business.

  • Let's see-- Milton Friedman, the famous economist, once said,

  • the only reason a corporation exists

  • is to maximize the return of the shareholder.

  • And we're like, you know what, Milton?

  • I know you won a Nobel Prize and everything.

  • With all due respect, at The Container Store,

  • we actually put the employee first.

  • And if you take better care-- I mean,

  • if you really take better care of the employee than anybody

  • else, she's going to really take care

  • of the customer than anybody else.

  • And of those two people are ecstatic-- let's face it,

  • if your employees are ecstatic, you're

  • getting remarkable productivity.

  • If your customers are ecstatic, you're

  • getting remarkable sales.

  • So if those two people are ecstatic,

  • your shareholders are going to be ecstatic too.

  • So I'm not sure we really refute or disagree

  • with Milton Friedman on the end.

  • We just have a different means to the end.

  • And it's more joyful to do it that way.

  • And if you myopically focus only on the shareholder,

  • the magic is lost and very often the employees are unhappy

  • and the customers are unhappy and the shareholder's

  • going to be unhappy too.

  • So the stakeholder model allows us to put they employee first

  • and to never rest while we try to see how much more we

  • can do for that employee.

  • And I can't wait for my tour of Google headquarters

  • here in a minute.

  • I can see so much of that here.

  • It's a joy to see.

  • It really-- I mean, of course, I love it.

  • It's so great.

  • And like Google, The Container Store's

  • been on the Fortune 100 Best Companies

  • To Work For in America list for, in our case, 15 straight years.

  • We were number one twice, number two twice.

  • I think Google was number one at least once.

  • It's a never-ending game.

  • You're constantly trying to see what

  • else you can do for the employee.

  • As a result, after 36 years I think our employee morale

  • is the highest it's ever been right now.

  • One of the reasons we went public

  • was to get more stock in the hands of employees.

  • It's standard operating procedure

  • to do options when you're public.

  • When you're private, you have to depend

  • upon your private partners believing enough and getting

  • stock in the hands of employees to dilute themselves.

  • I've always believed in doing that.

  • My wife, Sharon, is our chief merchant.

  • And we were lucky enough to get a bunch of stock in 1978

  • in this company that turned out to be kind of a fairy tale

  • success story.

  • And so we can dilute ourselves in order to get people,

  • like these two wonderful vice presidents here, more stock.

  • And I think the happiest, most devoted employee in the world

  • still does better if they own some of the company.

  • But if you're private, you have to-- see,

  • people don't understand that it's better

  • to own 50% of a dollar than 100% of a nickel.

  • And your beautiful private investors usually

  • have some lawyer or spouse or accountant

  • that really won't let them do that.

  • So that's one of the major reasons we went public.

  • Also in that stakeholder model, you

  • have the vendor stakeholder.

  • You can't tell the difference between a vendor and a employee

  • at The Container Store.

  • I love elevating the relationships

  • that we have with these manufacturers.

  • We really are-- somebody gets the lowest

  • price in the country.

  • Somebody gets the last pallet of a very hot item

  • that holiday season.

  • We create products with these vendors.

  • This guy's the best at wire.

  • This guy's the best at wood.

  • OK, let's create the wood in Estonia, where all the wood is.

  • And the same people for 5, 15, 25 years,

  • you're creating products that nobody else carries

  • that's exclusive to The Container Store.

  • And these relationships build, and they

  • become your best friend.

  • You travel the world with them and you

  • create product that is so fun.

  • I mean, we get excited about silly things.

  • We get excited about having-- we just recently created

  • the world's absolutely best shoe boxes and sweater boxes.

  • I mean, it was ecstasy to us.

  • It was just fun.

  • But you pick these people that are the most talented,

  • manufacturing certain types of products.

  • And then since The Container Store has its finger

  • closer to the pulse of the consumer than most

  • manufacturers, you can create great product

  • that the big mass merchants don't have.

  • You have no reason to exist if you're selling the same thing

  • everybody else is.

  • And that's creatively crafting a mutually beneficial

  • relationship with the vendor.

  • And then when you do well, when you

  • have very high financial performance,

  • you can do wonderful things for the community.

  • Communities go out of their way to do anything

  • they can with The Container Store.

  • This one wants our headquarters in its town,

  • because they really see us as embodying family values,

  • and they do that.

  • So they make it impossible for us to not locate that

  • in that community.

  • It's so nice when the communities

  • that you serve, with open arms help you.

  • And in fact, conscious capitalism what it really does

  • is it causes the universe to conspire to assist you.

  • And it's a lot easier to be successful in business

  • when the universe is conspiring to assist you

  • than it is if people are laying awake at night trying

  • to figure out how to get back at you.

  • And it makes life so pleasant to be loved rather than hated.

  • I think the universe conspires to assist

  • an individual or a company when it behaves this way.

  • The fourth tenet of conscious capitalism

  • is a conscious culture.

  • The culture drives the value of the business.

  • I believe the culture drives the value of Google.

  • It certainly drives the value of The Container Store.

  • Much to my happiness, I discovered

  • that most of the institutional investors on Wall Street

  • accept the notion that the culture drives

  • the value of the business.

  • Drucker said that culture eats strategy

  • for breakfast in the morning.

  • And it's really true.

  • And so those are the four tenets of conscious capitalism.

  • And they happen to be exactly the same thing as our seven

  • foundation principles, which you're

  • going to go onto whatwestandfor.com to learn

  • more about, I hope.

  • So capitalism has a public relations problem.

  • It really does.

  • I mean, I'm a capitalist.

  • If you ask a bunch of millennial people,

  • or even a bunch of baby boomers whether they

  • want to be a capitalist, most of them will say no.

  • You ask them if they want to be an entrepreneur,

  • they'll all say yes.

  • But they don't want to be a capitalist.

  • But capitalism is actually good.

  • When I talk about this, it makes me

  • sound like some kind of a libertarian or something.

  • Mackey is, but I'm not.

  • I'm kind of a moderate Democrat.

  • But capitalism is the most efficient system ever devised

  • to move goods and services and get them

  • where they needed to be to the betterment of humanity.

  • Communism didn't work.

  • 200 million people died, right?

  • Socialism isn't working that well.

  • 200 years ago, a little more than 85%

  • of the world's population lived on $1 a day.

  • 200 years ago, including in this country--

  • most people lived on $1 a day.

  • Now only 16% of the world lives on $1 a day.

  • That type of abject poverty is certainly

  • moving in a good trend.

  • And by the time-- the age group in this room,

  • by the time you're at the end of the lifespan of your children,

  • that number is thought to be-- will be like 1/100 of 1%,

  • it's really thought will be that negligible.

  • Bill Clinton is running around the world giving

  • a speech that's roughly entitled,

  • Charity Won't Save the World.

  • Business Will.

  • Business is so much more powerful

  • than all the nonprofits and charities of the world

  • that if we could harness the good of business

  • to make the world and the planet better than it's been,

  • not only would those businesses do better,

  • but the world would be quite a bit better off as well.

  • So that's really the power of conscious capitalism.

  • And if you look at-- John Mackey and Raj Sisodia

  • co-wrote the book "Conscious Capitalism."

  • Great book.

  • You should read "Conscious Capitalism" if you haven't.

  • I bet some of you have.

  • Raj is on our board at The Container Store-- college

  • professor, big rock star, international college

  • professor.

  • He did an exhaustive study that is so helpful

  • to have of all the companies, the public companies

  • in America, that have-- including Google-- that

  • have been public for a good long while.

  • And what he discovered is that those companies outperformed

  • the S&P Index 14 to 1 over the last 15 years.

  • I mean, 14 to 1.

  • Are you kidding me?

  • That's 1400-- it's not 20% better or 80% percent better.

  • It's 1,400% better.

  • And for a long time, 15 years.

  • And those companies like Google and Whole Foods

  • and Southwest Airlines-- The Container Store

  • is not on the list yet.

  • It's in the book.

  • He's studied us too, but we haven't

  • been public for long enough to be on that part of it.

  • We've been public for just under a year.

  • So if all you really want to do is make as much money

  • as humanly possible, as rapidly as possible,

  • I would submit to you that conscious capitalism's the way

  • to do it.

  • But further than that, it enriches

  • your lives and the lives of the people

  • you do business with hugely while it's doing that.

  • No wonder the universe conspires to help companies like that.

  • Everybody's proud of the way they behave themselves.

  • Everybody's proud of the fact that they

  • help their communities.

  • If a company nurtures its employees-- certainly

  • seems to be going on here-- makes them feel valued,

  • elevates their self-esteem rather than tearing down

  • their self-esteem, pays them well,

  • lets them be themselves at work, rewards the creativity

  • that comes from them being themselves,

  • spends money to train and develop them,

  • makes them thrive, that employee goes home at night

  • and he treats his family differently-- better.

  • Treats his golden retriever better.

  • Treats the guy at the 7-Eleven on the way home

  • totally differently.

  • Way up on Maslow-- he's is a fulfilled,

  • generous but self-confident human being

  • that behaves differently.

  • And when companies do that, when organizations do that,

  • they're just as attractive and they're just

  • as better able to help everyone and everything around them.

  • And so that's what the foundation principles do.

  • That's what conscious capitalism does.

  • That's when everybody's thriving is when you sort of get

  • that action, you get that type of thing.

  • I used to hate it when it happened,

  • but I have employees say things like, kept

  • working at The Container Store has made me a better father.

  • I'm like, oh, my God.

  • Don't say that.

  • It's embarrassing.

  • I mean, like, really?

  • Then they go into telling me why.

  • Or at company functions, happens all the time, somebody

  • will stand up and say, my husband

  • is a better father and a better spouse because

  • of the foundational principles of working at The Container

  • Store.

  • And it's like, you never get used to hearing that.

  • And it is embarrassing, but it is true.

  • And so I think businesses just to remember

  • that every single employee worldwide

  • is somebody's precious child that's

  • been nurtured and developed by parents.

  • And now we have a lot of control over their lives,

  • because you spend most of your waking hours working.

  • And people-- it's probably wrong,

  • but we put too much of our self-worth in what we

  • do at work.

  • Friends and family are more important,

  • but our self-esteem has a great deal to do with work.

  • So an oppressive workplace, an oppressive employer

  • is really bad for the human spirit and human psyche.

  • And a good one is really, really good.

  • Part of it is understanding the essence of the human spirit.

  • People don't want to come to work and goof off and do

  • as little as possible.

  • They want to come to work and do great things with people

  • they admire and love.

  • They love to work with great people

  • and then go home at night, feeling

  • wonderful about what they've accomplished.

  • And so a good boss recognizes that and nurtures and develops

  • that.

  • A bad boss is someone that thinks

  • that people don't want to do much.

  • And then they treat them that way

  • and then you kind of reap what you sow.

  • Another important thing is that people

  • love to work with people that are great.

  • At The Container Store, another foundation principle

  • is one equals three.

  • We only hire great people.

  • I know Google does the same thing.

  • How delightful it is to be able to work with people that

  • are wonderful, that you think are wonderful.

  • In fact, I think it's one the most important aspects of being

  • a great place to work, that you get

  • to work-- if we started a golf team

  • and we had Phil Mickelson on the golf team,

  • don't you think we'd feel better about being

  • on that team than if he wasn't there?

  • It's like, wow!

  • It's really great.

  • So that's something we really pay a lot of attention to.

  • One equals three.

  • One great person can easily do the business productivity

  • of three good people.

  • We don't have an HR department.

  • Our head of recruiting understands

  • that it's her job to make sure the rest of us

  • bring all of our friends and relatives in that are great.

  • We don't have any rules against family or relationships.

  • Sharon and I are married, so it's mayhem.

  • People get married.

  • They date, they whatever.

  • That's fine.

  • People bring in their relatives.

  • I mean, you know which of your cousins are great and which

  • ones aren't.

  • So I think that's how you find great people,

  • is finding people you care about and you know.

  • A pretty good summation of what we

  • do to try to make everybody thrive, what I believe Google

  • does, what conscious capitalism companies do,

  • is the wake thing.

  • W-A-K-E, like a boat's wake.

  • Your wake and my wake-- your wake

  • is so much bigger and more powerful than you think it is.

  • It's really an interesting message.

  • Everybody wildly underestimates the power of their wake.

  • And even the most arrogant person you know wildly

  • underestimates the power of their wake.

  • My favorite movie's probably, corny

  • as it is, "It's a Wonderful Life."

  • Because the whole movie shows one guy,

  • George Bailey, the incredible power of his wake.

  • And he believed that his savings and loan

  • had such an amazing impact on Bedford Falls.

  • You're like that.

  • We're all like that.

  • Isn't nice to know that everything

  • you do and everything you do not do

  • has such an impact on the people around you and your business.

  • So I think that a person that's mindful of their wake

  • behaves differently and behaves a lot better.

  • And other people find her to be more honorable, easier to love,

  • exciting to be around.

  • An organization where everybody is mindful of its wake

  • is the same way.

  • That's an unassailable business advantage.

  • People want to work for that company.

  • They want to shop.

  • Consumers vote with their pocketbook.

  • You want to be a vendor to that company.

  • It's such an honor to be a vendor of Google,

  • or vendor of Container Store.

  • If you're a vendor of The Container Store,

  • then everybody that wants to do storage and organization

  • sees that.

  • Then they want your product, because The Container Store

  • leads that category.

  • So the power of your wake-- I think wake

  • is a really good summation of what conscious capitalism is

  • all about, just being mindful of the impact of what

  • we do as an organization.

  • So it's creating a business where

  • everyone associated with it thrives.

  • The stakeholder model can go to-- I've

  • talked to Ed Freeman about this.

  • And it can be your employee's, child's, school's, vendor's,

  • that ripple effect can go out so that the way that you deal

  • with that stakeholder is impacted way out there.

  • It's really a beautiful thought.

  • I mean, if you think the power of your wake's

  • is not just dramatically more, just think

  • about the ripple effect of things like that.

  • But conscious capitalism, our foundation principles,

  • creating a yummy, quirky culture where everybody thrives

  • and everybody can be themselves.

  • People join the company and they never leave.

  • We have turnover of less than 10%

  • in a retail industry that has an average turnover of over 100%.

  • Even though we have one ex-employee that just joined us

  • here that used to work for The Container Store

  • now works for Google.

  • But we still love her.

  • She's great.

  • She's part of that single digit turnover.

  • But I love retail.

  • I love The Container Store.

  • We're so nuts that my wife and I are still

  • working 70 or 80 hours a week after 36 years of it.

  • But we're doing what we love.

  • I really do believe that the true artist of life

  • blurs the distinction between work and play.

  • Vendors become friends.

  • Creating a new product is more fun than playing golf.

  • You're like Monet painting the water lilies.

  • You're doing what you want to do.

  • And I think that's when you can do great things

  • and leave the world a better place than you found it

  • and have an impact on your employees

  • and your stakeholders' lives.

  • And it's really fun just sharing some of these thoughts

  • with you here at Google.

  • I'm getting ready to get a tour of your campus

  • now, which I can't wait for.

  • And I thank you for being here.

  • We have a few minutes for questions

  • if anybody has some questions.

  • So the question is, how do you deal with it when you're

  • in a business environment, in a work culture where you believe

  • in the concepts of conscious capitalism or whatnot,

  • but the people you're working with do not.

  • They look at you like you're from a different planet

  • because they really don't believe in the stuff.

  • First of all, that's changing.

  • That's becoming less and less frequent,

  • but it's certainly still out there.

  • And I think sticking to your principles

  • in the face of all that is still important, sort

  • of almost leading by example.

  • We've had a lot of influence on getting all the best business

  • schools in the country to begin teaching conscious capitalism.

  • And I think it's important for people, when they get out

  • of their MBA program, to understand that business is not

  • a zero sum game.

  • It's not a zero sum game, and that's beginning to change.

  • It's not glacial.

  • It's happening pretty quickly.

  • The skepticism that I see about conscious capitalism

  • is a small fraction of what it was even five years ago.

  • And these models, like Google and The Container Store

  • are helping to persuade people.

  • It's very different-- it's very difficult if you're

  • working at a company that just refuses

  • to understand it or believe it.

  • It's easier if you're leading that company.

  • Then you can do something about it.

  • And I would tend to say maybe that culture

  • wasn't the right culture for you.

  • Maybe you could find a company that

  • behaved a little more that way and you might flourish

  • and be happier in that culture.

  • Or, you can doggedly try to turn it around from within.

  • I think that's the-- leaving the world better

  • place than you found it, you just might succeed.

  • I've seen that happen a few times.

  • And really working on the leadership of the business

  • to change their values and attitudes

  • is what's most important.

  • I think there are some really good stories about how

  • store managers were always asking

  • what their most important responsibility was.

  • And it wasn't sales.

  • It wasn't one equals three great people.

  • It was managing the values and attitudes of people

  • that they lead.

  • And I think you do that to a great extent as a co-worker

  • too.

  • It's really fun to work with people that you admire

  • and who are great.

  • You can do so much more, as we were talking about earlier.

  • So I hope that answers it a little bit.

  • It's a tough question.

  • But we're succeeding in getting it taught.

  • We're succeeding in getting countless business

  • organizations, entrepreneurs to start out

  • building businesses that way.

  • When you start a business, you get to kind of model

  • the culture around your own belief system.

  • It's a ridiculous privilege.

  • What a joy and what a responsibility and what

  • a privilege.

  • When you manage somebody, you have this huge responsibility

  • to where you have a lot of impact on their lives.

  • And so then you can do it.

  • As a worker, as a coworker, you're

  • not quite as powerful for that.

  • But I like to thank you can have some influence, some growing

  • influence.

  • Patience is probably important.

  • But I can see you doing that.

  • Any other questions, or another question?

  • Yeah?

  • AUDIENCE: When you started the company, your store,

  • did you-- obviously the idea of conscious capitalism

  • is something you established from day one.

  • But did you start with knowing that you wanted

  • to start a company that had that kind of culture,

  • or did you start with the idea [INAUDIBLE] same time?

  • KIP TINDELL: I was always really interested in philosophy.

  • I wanted to major in philosophy in school

  • and my dad said no, you can't major in philosophy

  • or you'll have to pay your own way.

  • So I majored in English, which is exactly the same thing.

  • And the Whole Foods guy, John Mackey,

  • did major in philosophy.

  • And we did talk a lot about that-- idealistic 19-

  • or 21-year-olds talking about Kierkegaard and Nietzsche

  • and all of that-- it was a blast.

  • What we do has absolutely nothing to do with religion,

  • but I did go to Jesuit High School in Dallas.

  • And we had a lot of young priests

  • at the time that were extremely into existential philosophy.

  • And they taught me a lot.

  • And I read everything and I kept a little file

  • of all the greatest thoughts I had ever heard of or been

  • taught or read or even thought of myself.

  • And 10 years into the business, we opened a store in Houston

  • at the corner of Post, Oak and Westheimer.

  • And we were doing three or four times what we expected to do.

  • It was mayhem.

  • We just couldn't keep up with it.

  • And people we were hiring weren't right.

  • The store scared me.

  • It wasn't our-- so we had a big meeting with all the staff

  • at the store manager's house.

  • And I was trying to figure out what

  • to do to teach them who we were, what we stood for.

  • See, before that you could take somebody out

  • to have Mexican food and a couple of margaritas

  • and explain everything to them in one evening.

  • And now it had to be something more formalized.

  • We were getting too big for that.

  • And I reached into that file I was describing

  • and brought out the seven foundation principles-- or six,

  • we've added one since then.

  • And the one we've added is communication is leadership.

  • Leadership and communication are the same thing,

  • which is a wonderful, wonderful thought.

  • That's what leadership is.

  • Communication can pretty well solve anything.

  • own And so leadership and communication

  • are the same thing.

  • And they went crazy.

  • They loved it.

  • I was so afraid to tell them, because these

  • were my most personally held philosophies.

  • And I think your life philosophy should

  • be your business philosophy.

  • See, people think that you can have a different code

  • of conduct in business than you can personal.

  • And that's ridiculous.

  • So what do you gotta do, treat all the people you do business

  • with worse than the people-- well, you have to understand,

  • it's just businesses.

  • Like, no I don't understand that at all.

  • I mean, you can't-- so we were very mindful of all this from

  • the very beginning.

  • We talked about it a lot.

  • It's just who we were and what we are

  • and then that's how it became formalized.

  • And now, it is so hard to believe

  • that people are teaching it in business schools.

  • We have employees that say, my favorite course

  • in my MBA program was the semester

  • we spent on The Container Store's business philosophies.

  • And I'm like, what?

  • That's what that book is, "Uncontainable."

  • "Uncontainable: How Passion, Commitment and Conscious

  • Capitalism Built a Business Where Everyone Thrives."

  • So the employees of The Container Store

  • have been wanting this book to be

  • written for many, many years.

  • They're proud of our business philosophies.

  • And I was like, oh, we don't have time for that.

  • We have to create more sweater boxes.

  • We have to get that store opened in Salt Lake.

  • We're opening a new store in Salt Lake Saturday.

  • And that will be number 68.

  • But Casey Shilling, our vice president

  • of public relations and I have been working together

  • for 17 years.

  • And she was a huge help.

  • The book would never happened without her.

  • Another guy, Paul Keegan, helped me write it.

  • So I was standing on the shoulders of giants.

  • I had two people forcing me to write it, to find the time.

  • And we did it together.

  • So it's only been out about a week.

  • The reviews have been embarrassingly fabulous.

  • And I'm getting all kinds of emails and calls

  • from people that have-- it's weird when you write a book.

  • People that you love and people that you admire

  • have read your book and they know all this personal stuff

  • about you.

  • So you have these remarkable conversations.

  • And it's a lot of fun.

  • Yes, sir?

  • So two questions.

  • I mean, given the business climate,

  • would do create a business like The Container Store

  • again today?

  • Yes, and I'll go into why.

  • And the first question was, I guess

  • I can only remember one question at a time.

  • AUDIENCE: How do you solve capitalism's--

  • KIP TINDELL: How do we solve capitalism's public relations

  • problem?

  • Well, I mean you're doing it every day at Google-- Southwest

  • Airlines.

  • Herb Kelleher is kind of a hero of mine.

  • He's a Southwest Airlines founder.

  • And he told me 30 or 35 years ago,

  • you can build a better organization.

  • You can build a better business organization on love

  • than you can fear.

  • And I thought, wow, who is this guy?

  • He's the smart guy in Dallas.

  • He's just awesome.

  • And so John Mackey, the Whole Foods guy, and I

  • talk a lot about love and business,

  • about coworkers having each other's backs

  • and truly loving the workplace.

  • And no fear.

  • And companies like that, I think,

  • are building the case for conscious capitalism every day.

  • And so I think we're making a lot of progress on that

  • and that pretty soon most of the most talented capitalists will

  • be able to perceive that companies they behave like that

  • make a lot more money than the ones that don't.

  • And they have more joyful stakeholders.

  • And so it is already becoming so much more prevalent

  • than it was five or eight years ago when

  • we had these weird little gatherings outside of Austin,

  • Texas and started talking about these strange concepts called

  • conscious capitalism.

  • Now you have the Unilever CEO and these giant business

  • executives carrying on about the stuff.

  • And I think we're definitely making progress.

  • Now I forgot the other question.

  • What was it?

  • AUDIENCE: Given the business--

  • KIP TINDELL: Yeah, I think we'd do it again.

  • You don't have a chance with a retail business,

  • as mass merchant as the economy is, you would think.

  • But when you do it this way, when you create a business

  • relationship with your vendor that is your vendor's

  • favorite business relationship, and they want to see you win

  • and they're doing everything they

  • can to creatively craft a synergistic relationship

  • with you so that you do better and they do better.

  • And that's when you start having a chance against all

  • the incredible competition, because most people aren't

  • doing that.

  • I don't know what happens once everybody starts doing that.

  • Then the little guy would have a hard time again, I guess.

  • But in the meantime, this is a really great way

  • for smaller entrepreneurs to do really

  • well so that it's not just the giant mass merchants dominating

  • everything.

  • And talent's the whole ballgame.

  • We try so hard to hire only the very, very, very best people

  • at whatever endeavor.

  • Because life's too short not to do things with excellence.

  • And it's so thrilling to do things with excellence.

  • And then that kind of self-monitors.

  • If somebody's kind of floating along and not really applying

  • themselves, they're very unpopular

  • and they leave after a while.

  • So I think we could do it again.

  • It was daunting in 1978.

  • You couldn't go start one little retail store

  • and expect to be able to make it, much less have everything

  • evolve how it is.

  • I mean, I would do that, because I love retail.

  • I think it's-- with all the creativity and all the people

  • orientation, I think it's the best profession in the world.

  • I'm getting ready to be the chairman of the National Retail

  • Federation January 1 for two years.

  • And I'm really looking forward to that

  • as the spokesperson for one in four American workers.

  • Retail employees, one in four of America's workers.

  • So, a big responsibility and something I'm

  • really looking forward to.

  • And I just like being an entrepreneur.

  • I couldn't wait to get out of school

  • so I could start something.

  • What would I do if it hadn't been The Container Store?

  • I always say, I'd probably be a fly fishing

  • guide somewhere in Colorado.

  • But I don't think so.

  • Like I say, creating the world's most perfect sweater box

  • is a lot more fun than fly fishing or playing golf.

  • Although you need to fly fish sometimes.

  • And I actually get some of my best ideas fly fishing.

  • Because the only thing you're worried about

  • is what fly that trout wants.

  • So it's not an earth-shaking problem.

  • It frees up your mind to think about a lot of things.

  • My old original partner, Garrett Boone,

  • this lady who used to work with us said we probably

  • would have gone into furniture.

  • And I think he would have.

  • What's ironic is that I probably would

  • have gone into some type of gourmet food thing.

  • I'm a big foodie.

  • I was taking courses at the LBJ School

  • of Public Affairs in Austin-- a lot

  • of grocery stores and stuff.

  • I was interested in that.

  • And then it was kind of funny that John Mackey

  • went off and did that.

  • But he actually met a girl that was really big into that.

  • That's what converted him.

  • I never did the food thing, but I'm

  • so proud that there's grocery stores like that in America

  • now.

  • Grocery stores in Texas of that-- New York's always

  • had a few.

  • France has them.

  • But I mean, you get a grocery store like that in Iowa.

  • That's quite a contribution.

  • Plus I think it's probably increased the life expectancy

  • of the average American by five or seven years,

  • because even someone who's never set foot in a Whole Foods,

  • Whole Foods has changed what the mass merchants sell

  • in their grocery stores, to the benefit of everybody.

  • That's a neat question.

  • But I do like the entrepreneur thing.

  • And I do try to encourage people to go off and do that.

  • What's important is that you do it right away,

  • as soon as you get out of school, as you get your MBA

  • or whatever.

  • Because once you are making-- particularly

  • if you're lucky enough to, at a young age,

  • make something like $150,000 or $200,000 a year

  • and then you get married and you have two kids,

  • you are not going to go start something.

  • You have to do it when you're poor,

  • when you first get out of school or whatever.

  • That's when you have the best chance of doing it.

  • I thank you all for being here.

  • I hope you'll read the book "Uncontainable."

  • We're really proud of it and delighted

  • that it's off to a great start.

  • Hope you'll go online and read about the foundation principles

  • and thank you for having me.

  • Thanks.

  • [APPPLAUSE]

FEMALE SPEAKER: Hello, everyone.

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基普-廷德爾:不確定的。 (Kip Tindell: Uncontainable)

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    張翔 發佈於 2021 年 01 月 14 日
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