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Building a Culture of Discipline Central Penn Business Journal’s 15 th Annual Top 50 Fastest Growing Companies | September 2011 Salvatore D. Fazzolari.

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Presentation on theme: "Building a Culture of Discipline Central Penn Business Journal’s 15 th Annual Top 50 Fastest Growing Companies | September 2011 Salvatore D. Fazzolari."— Presentation transcript:

1 Building a Culture of Discipline Central Penn Business Journal’s 15 th Annual Top 50 Fastest Growing Companies | September 2011 Salvatore D. Fazzolari Chairman, President and CEO

2 We Help Build the World 1 Harsco Core Ideology 1  Safety  Ethical in Thought, Word and Deed  Disciplined Thought, Disciplined Action and Disciplined People  Transparency  Personal Accountability and Responsibility  Customers  Targeted Market  BHAG  Envisioned Future  Value Creation  Value Capture  Value Selling  Be the Best  Sustainable Superior Performance (20-Mile March)  Customers  Employees  Shareholders  Suppliers Uncompromising Integrity and Ethical Business Practices  Harsco Integrity Framework:  Code of Conduct  Security Practices  Internal Control To build teams that win with integrity anywhere in the world Core Values People – the "A Team"  Human Capital Framework:  Global Talent Management System for Recruiting, Developing, Retaining and Assessing Human Capital Continuous Improvement  Continuous Improvement Discipline through Lean and Six Sigma Methods  Business Transformation Value Creation Discipline  Economic Value Added (EVA®)  Value Selling Culture 3 24  Safety Practices  Global Management Practices Core Purpose

3 We Help Build the World Harsco’s Transformation Journey 2 Envisioned Future & Core Ideology “OneHarsco”“A Team” Knowledge-based Solutions Emerging Markets

4 We Help Build the World 3 "All companies have a culture, some companies have discipline, but few companies have a culture of discipline." Jim Collins

5 We Help Build the World 4 Culture of Discipline Starts with Basic, Fundamental Practices and Beliefs Disciplined people who engage in disciplined thought and disciplined action, operating within a framework of responsibilities. A focus on your Hedgehog. A system of freedom and responsibility within a framework. People understand they do not have “jobs” – they have responsibilities. Manage the system, not the people. Avoid bureaucracy that imposes unnecessary rules. Practice extreme commitment to the cause. People go to extremes to fulfill their commitments and deliver results.

6 We Help Build the World 5 A Culture of Discipline Great Companies Exhibit Six Characteristics 1. A clear framework of values and inviolable standards. High standards of achievement are expected as the norm. 2. Disciplined people are careful of what they commit to, and they fulfill their commitments. They deliver on what they promise and are careful to manage expectations. 3. Strategic consistency. Disciplined people and disciplined organizations stay true to the fundamental strategy and do not deviate. 4. Systematic, Methodical and Consistent. It is all about continuous improvement, having processes that work, and are not bureaucratic. 5. Culture of responsibilities versus jobs. Disciplined people take full responsibility for results. 6. Spartan work ethic, regardless of the economic environment. During good times, prepare for the worst. Make cost control a mindset, an integral part of the culture.

7 We Help Build the World A Culture of Discipline The Power of Mechanisms Simple yet highly powerful management tools that turn goals into results The crucial link between objectives and performance Devices that translate aspirations into concrete reality They make audacious goals reachable 6

8 We Help Build the World Core Values Good to Great Principles Climb the Summit 7 A Culture of Discipline Core Purpose To Build Teams that Win with Integrity Anywhere in the World Envisioned Future Disciplined people who engage in disciplined thought and disciplined action, operating within a framework of responsibilities. This is the cornerstone of a culture that creates greatness

9 We Help Build the World A Culture of Discipline Takeaway Messages 8 “We are what we repeatedly do. Excellence, then, is not an act but a habit.” Aristotle Establishing a culture of discipline is the most important element in business transformations A culture of discipline is the cornerstone of a culture that creates greatness Companies that have successfully established a culture of discipline exhibit six characteristics It is imperative that appropriate mechanisms be established Mechanisms are an extremely powerful management tool that turns goals into results


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