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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

The way we think about it in business, your customers are everything.

The Knowledge Project
Mario Harik: Playing to Win

Ultimately, a customer has a choice.

The Knowledge Project
Mario Harik: Playing to Win

A customer can either decide to use you or use one of your competitors for the service that you are providing.

The Knowledge Project
Mario Harik: Playing to Win

But what was different is that we actually split the company into three pieces.

The Knowledge Project
Mario Harik: Playing to Win

And now the entire management team was focused effectively on our less than truckload business.

The Knowledge Project
Mario Harik: Playing to Win

And part of our strategy was to make sure that we are delivering the best service possible for the customer.

The Knowledge Project
Mario Harik: Playing to Win

Because ultimately in business, you have to make a very conscious choice about what is your product that you are selling to the customer.

The Knowledge Project
Mario Harik: Playing to Win

In our business, a higher service level enables you to sell supplemental services to the customer, and these typically come at a higher margin.

The Knowledge Project
Mario Harik: Playing to Win

It also enables you to gain more profitable market share because your customers want to do business with you.

The Knowledge Project
Mario Harik: Playing to Win

And what we have done effectively was meaningfully improve our service product through the years.

The Knowledge Project
Mario Harik: Playing to Win

And this has led to effectively us being able to either gain market share or expand margin with customers as well.

The Knowledge Project
Mario Harik: Playing to Win

Now, these things in business are easier said than done, because especially in trucking, we have 40,000 people in the company.

The Knowledge Project
Mario Harik: Playing to Win

Here in North America, we have about 23,000 people.

The Knowledge Project
Mario Harik: Playing to Win

So you are influencing the behavior of tens of thousands of people in terms of every time they touch a customer, they touch a customer's freight, that they want to handle it as if it's our own, as if it's going to our own house.

The Knowledge Project
Mario Harik: Playing to Win

And that has a cultural component, has compensation components, has systems components, how we track it, how we hold people accountable to it, has investments that we have made in multiple tools along the way as well.

The Knowledge Project
Mario Harik: Playing to Win

And we've improved our service product tremendously through the years.

The Knowledge Project
Mario Harik: Playing to Win

So I think high level, if you break it down as a business, we have a plan, we have a strategy.

The Knowledge Project
Mario Harik: Playing to Win

And by the way, your plan cannot be very rigid.

The Knowledge Project
Mario Harik: Playing to Win

You have to be open to change that over time as new information comes up as you execute on it.

The Knowledge Project
Mario Harik: Playing to Win

But that plan has high or big levers of how you're going to improve the profitability of the company ultimately, and how you're going to create shareholder value subsequently as a result of that.