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Mario Harik

๐Ÿ‘ค Speaker
924 total appearances

Appearances Over Time

Podcast Appearances

The Knowledge Project
Mario Harik: Playing to Win

Initially, we started off with a much smaller purchase price and a much smaller set of terminals.

The Knowledge Project
Mario Harik: Playing to Win

Then we kind of grew that over time.

The Knowledge Project
Mario Harik: Playing to Win

Brad's feedback in the process, he was our chairman at the time, was fantastic.

The Knowledge Project
Mario Harik: Playing to Win

The team working together and brainstorming and figuring out what, again, what would give us the highest amount of return associated with that.

The Knowledge Project
Mario Harik: Playing to Win

So a lot of it is, again, looking at the data and

The Knowledge Project
Mario Harik: Playing to Win

looking at the returns very importantly, but then having a lot of feedback loops on, are we doing the right thing here?

The Knowledge Project
Mario Harik: Playing to Win

Is that deployment of capital something that's going to create a lot of alpha for shareholders?

The Knowledge Project
Mario Harik: Playing to Win

And the answer was yes.

The Knowledge Project
Mario Harik: Playing to Win

So we effectively, you feel much more comfortable making that decision because you see what the roadmap is going to look like to be able to deliver those returns.

The Knowledge Project
Mario Harik: Playing to Win

Well, by the way, in business, that's always the case.

The Knowledge Project
Mario Harik: Playing to Win

I mean, when you think about creating a ton of shareholder value, there is always, I mean, we're a large company.

The Knowledge Project
Mario Harik: Playing to Win

We're a multinational company.

The Knowledge Project
Mario Harik: Playing to Win

We have 40,000 people.

The Knowledge Project
Mario Harik: Playing to Win

Every decision you make has big ripple effects into what kind of outcomes you can drive.

The Knowledge Project
Mario Harik: Playing to Win

But this is also part of it would be the financial processes that we have in being able to track any initiative that we are driving.

The Knowledge Project
Mario Harik: Playing to Win

So high level, I mentioned earlier on that in business, you have big strategic levers.

The Knowledge Project
Mario Harik: Playing to Win

Then you have a certain set of KPI of metrics that ultimately grow your earnings, that ultimately enable you to create shareholder value.

The Knowledge Project
Mario Harik: Playing to Win

And then you have action plans of how you can drive those levers to get to the right place.

The Knowledge Project
Mario Harik: Playing to Win

But this is where also proper financial planning and analysis comes into play.

The Knowledge Project
Mario Harik: Playing to Win

For each one of the projects that you have, including buying a billion dollars of real estate, you have a project plan.