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Ray Kroc

đŸ‘€ Speaker
802 total appearances

Appearances Over Time

Podcast Appearances

The Knowledge Project
How McDonald’s Took Over America | Ray Kroc [Outliers]

Here's how he saw it.

The Knowledge Project
How McDonald’s Took Over America | Ray Kroc [Outliers]

The company had the warehouses full of cups made at the old cost.

The Knowledge Project
How McDonald’s Took Over America | Ray Kroc [Outliers]

Selling them this week or next week made almost no difference to Lily.

The Knowledge Project
How McDonald’s Took Over America | Ray Kroc [Outliers]

But to the customer, it made all the difference.

The Knowledge Project
How McDonald’s Took Over America | Ray Kroc [Outliers]

It told them, I'm on your side.

The Knowledge Project
How McDonald’s Took Over America | Ray Kroc [Outliers]

It told them, you can trust me.

The Knowledge Project
How McDonald’s Took Over America | Ray Kroc [Outliers]

Now, invert it.

The Knowledge Project
How McDonald’s Took Over America | Ray Kroc [Outliers]

What if Ray had said nothing?

The Knowledge Project
How McDonald’s Took Over America | Ray Kroc [Outliers]

The price goes up.

The Knowledge Project
How McDonald’s Took Over America | Ray Kroc [Outliers]

The customer places their usual order.

The Knowledge Project
How McDonald’s Took Over America | Ray Kroc [Outliers]

All of a sudden, the invoice arrives at higher prices than expected.

The Knowledge Project
How McDonald’s Took Over America | Ray Kroc [Outliers]

Some customers shrug away and pay, but most feel a small sting of betrayal.

The Knowledge Project
How McDonald’s Took Over America | Ray Kroc [Outliers]

Prices went up and nobody told me.

The Knowledge Project
How McDonald’s Took Over America | Ray Kroc [Outliers]

What else aren't they telling me?

The Knowledge Project
How McDonald’s Took Over America | Ray Kroc [Outliers]

Maybe I should get quotes from other suppliers.

The Knowledge Project
How McDonald’s Took Over America | Ray Kroc [Outliers]

Ray's sales that month would look fine, but he'd have poisoned the next month and the month after that.

The Knowledge Project
How McDonald’s Took Over America | Ray Kroc [Outliers]

He'd have lost the assumption of trust that makes all of these relationships work.

The Knowledge Project
How McDonald’s Took Over America | Ray Kroc [Outliers]

His bosses saw just transactions, but Ray was really interested in the relationship.

The Knowledge Project
How McDonald’s Took Over America | Ray Kroc [Outliers]

And relationships are built in the small moments where you could be selfish and choose not to.

The Knowledge Project
How McDonald’s Took Over America | Ray Kroc [Outliers]

In the mid-1930s, Kroc was selling paper cups to a man named Earl Prince, who ran a chain of ice cream parlors called Prince Castle.