Even though Steve Wynn is a billionaire, he still care about other people who is unfortunate. Each individual human being possesses a unique, highly developed, and sensitive perception of variety. Thus, Wynn is endowed with a natural capability for implementing mental and external physical selectivity.
A half-year mystery for 4,000 families in
southern Nevada was at last solved when casino mogul, Steve Wynn, made it known
that he’s made the anonymous donation of $2 million to the United Way of
Southern Nevada.
The first round of families received $500 bank
gift cards before Christmas 2011 and another 2,000 families received the
donations Saturday in Las Vegas. According to the Bureau of Labor Statistics, the second highest among the 49 metropolitan areas with a 2000 census population of 1 million or more, the unemployment rate for the Las Vegas area was 11.6 percent in April.
The
metro area of Riverside-San Bernardino-Ontario, Calif., had the highest, at
11.7 percent. Wynn has put a small portion of that money
back into this community of struggling blue-collar workers. Many of the
families who received the $500 gift earned roughly $16,000 or less last year. Las
Vegas business leaders said the donation wasn’t unusual. They pointed to this
desert city’s many charitable and wealthy residents.
It is shown through Wynn action that he is a true leader. Besides material success, he has proven the human element in him is more than just that and displayed great social responsibility. With this, he has indirectly cultivated this value in his employees and definitely a good role model for them.
He is a people-oriented leader
who personally coaches his employees and is very open towards them. Upon taking
the post, Schultz invited people to email him directly -- and soon received
5,000 emails. He also made personal phone calls to stores across the nation to
see how things were going.
Schultz embraces change and reacts
to external forcesof change.
In view of technology
advancements, he appointed a chief technology officer, Chris Bruzzo from
Amazon.com to update Starbucks' website and improved its overall social media
presence. Under Schultz's directive, the company also replaced all of its
outdated cash registers and computers. The company estimates the new system is
saving 700,000 wait-in-line hours. In response to external competition, Schultz
studied other corporate turnarounds in order to pull off his own. Also for the
first time ever, Starbucks invested in a major national advertising campaign,
in response to changing market
forces.
He also made use of internal forces of
change, in the form of reinvention
and reengineering.
For the first time in company history, Schultz looked to outside consultants
for ideas on how to revive the company. In 2008, Schultz also completely
reorganized supply chain operations -- getting products to stores more
efficiently and improving inventory. As a result, 9 out of 10 orders were
delivered perfectly to stores, up from 3 out of 10 before. Finally, heeding
advice that losing customers in a down economy is much more expensive than
investing in them, Schultz created a customer rewards card to keep customers
loyal. All these internal changes made greatly helped Starbucks to keep afloat
back then, and going on to make it successful.
