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Frank Blake

Home Depot, Former CEO
EPISODE 19

Aim for Excellence, Not Just Growth

Today’s guest is Frank Blake, former CEO of The Home Depot.

He actually calls himself the “accidental CEO” – and it was a bit of a surprise when he was appointed back in 2007. It’s not every day that a former lawyer for GE finds his way to the top role at a home improvement store.

However, his success at The Home Depot has been anything BUT accidental.

He made big calls that turned the company around. And one of his biggest strategic moves was to stop relying on opening new stores for growth and instead focus on generating more sales at existing stores. It worked.

Sometimes growth, for its own sake, isn’t the right goal. Instead, we want to strive for excellence – getting back to basics and being brilliant at what we do.

When we do, growth will follow. In Frank’s words, it’s a “compelling, fascinating, never-ending journey” when we aim for excellence, not just growth.

You’ll also learn:

  • What to do if you find yourself unexpectedly in a leadership role
  • The single most important insight you can have about how to communicate to an organization
  • One savvy little trick to get some honest feedback from people who report to you (instead of always just hearing what people think you want to hear)
  • Why “listening to your team” is a lot harder than you think

Take your learning further. Get proven leadership advice from these (free!) resources:

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Daily Insight Emails: One small (but powerful!) leadership principle to focus on each day

Whichever you choose, you can be sure you’ll get the trusted leadership advice you need to advance your career, develop your team, and grow your business.

More from Frank Blake

Recognize what you want to see more of
People will do what they see others getting praised for. So if you want to boost a certain behavior, recognize it! That’s how you create meaningful momentum and change.
Make excellence your goal, not growth
Growth is important. But if it’s your only goal, it can lead you astray. Instead, make excellence your standard, and growth will follow.
One question to boost honest feedback
Leaders need to hear the good, bad, and the ugly. Try this trick to frame your questions so team members know they can answer freely.

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Short (but powerful) leadership advice from entrepreneurs and CEOs of top companies like JPMorgan Chase, Target, Starbucks and more.

Clips

  • Good leadership can be learned
    Frank Blake
    Frank Blake
    Home Depot, Former CEO
  • Communication doesn't cascade down
    Frank Blake
    Frank Blake
    Home Depot, Former CEO
  • Recognize what you want to see more of
    Frank Blake
    Frank Blake
    Home Depot, Former CEO
  • Recognition has to be personal
    Frank Blake
    Frank Blake
    Home Depot, Former CEO
  • Help others invest in your success
    Frank Blake
    Frank Blake
    Home Depot, Former CEO
  • Use focus to create a stronger strategy
    Frank Blake
    Frank Blake
    Home Depot, Former CEO
  • Make excellence your goal, not growth
    Frank Blake
    Frank Blake
    Home Depot, Former CEO
  • Beware the leadership bubble
    Frank Blake
    Frank Blake
    Home Depot, Former CEO
  • Be mindful of how you receive feedback
    Frank Blake
    Frank Blake
    Home Depot, Former CEO
  • One question to boost honest feedback
    Frank Blake
    Frank Blake
    Home Depot, Former CEO
  • Solve bigger and bigger problems
    Frank Blake
    Frank Blake
    Home Depot, Former CEO

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