The Fred Factor Ch 8
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Questions and Answers

What is one of the key factors that contributes to the happiness of Freds?

  • Recognition from management
  • Team outings
  • Accomplishment (correct)
  • Salary increases
  • Which option describes the best method to attract Freds to an organization?

  • Implementing strict rules
  • Having a fun workplace culture
  • Offering opportunities for skill development (correct)
  • Providing high salaries
  • What should managers do to uncover dormant Freds within their team?

  • Conduct regular performance reviews
  • Offer monetary incentives
  • Encourage employees to share their ideas (correct)
  • Assign more responsibilities
  • Which question is suggested to ask in an interview to identify a prospective Fred?

    <p>What do you believe constitutes good service?</p> Signup and view all the answers

    In building a winning Fred team, what combination is preferred?

    <p>A team of Freds led by a fellow Fred</p> Signup and view all the answers

    What is often a misconception about finding Freds in an organization?

    <p>They need to be actively sought out</p> Signup and view all the answers

    What is a crucial quality that distinguishes potential Freds in employees?

    <p>A tendency to do things with flair</p> Signup and view all the answers

    What primary factor differentiates the smaller hardware store from its larger competitors?

    <p>Knowledgeable and helpful staff</p> Signup and view all the answers

    Which of the following describes the service level at the larger hardware stores?

    <p>Average and ordinary</p> Signup and view all the answers

    Why is it suggested that developing 'Freds' should be a critical priority for businesses?

    <p>They enhance customer loyalty and satisfaction.</p> Signup and view all the answers

    What is implied about organizations that are populated with uninspired employees?

    <p>They rarely accomplish inspired work.</p> Signup and view all the answers

    What is emphasized as the main reason why some organizations prosper while others do not?

    <p>The quality of their employees.</p> Signup and view all the answers

    How do passionate employees contribute to customer relationships according to the content?

    <p>By forming relationships with customers.</p> Signup and view all the answers

    What do Fred-like employees typically not do when assisting customers?

    <p>Ignore customers and their needs.</p> Signup and view all the answers

    What characteristic do passionate employees typically exhibit?

    <p>A consistent commitment to their tasks.</p> Signup and view all the answers

    Study Notes

    Fred Factor - Company Success

    • Every organization has access to the same resources, but Fred-like employees make companies successful.
    • Passionate employees outperform average employees.
    • Organizations should aim to become a "Fred-magnet", attracting talented individuals who want to make a difference.
    • Organizations should discover and uncover dormant Freds within their existing team.
    • Identifying potential Freds in interviews should include questions like "Who are your heroes?", "Why would anyone do more than necessary?" and "What's the coolest thing that's happened to you as a customer?".
    • A team of Freds led by a Fred is the ideal scenario for maximizing potential. 
    • The Fred Factor can be achieved by discovering, attracting, and hiring Fred-like employees. 

    Finding Freds

    • People want to work in organizations that recognize, reward, encourage, and value Freds.
    • If your organization isn't already attracting Freds, it will be perceived as a less desirable place to work.
    • Organizations should look for Freds in other departments, providing them with opportunities to grow and showcase skills.
    • Uncovering latent talent among existing employees is crucial.
    • Encourage employees to display their talents and reveal their true potential.
    • Watch for individuals who do things with flair and a willingness to go above and beyond.
    • Pay attention to exceptional projects, client meetings, and insightful suggestions.
    • During job interviews, ask about heroes, motivations, customer delight, and definitions of service.
    • Analyze potential hires based on what you remember about them, their extraordinary actions, and how their absence would impact their current position.
    • Building a team of Freds led by a Fred is key to achieving optimal performance.

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    Description

    Explore how organizations can achieve success by identifying and attracting Fred-like employees. This quiz delves into the importance of passionate employees and strategies to create a workplace where Freds thrive. Learn the qualities that make a company a 'Fred-magnet' and how to uncover potential Freds within your team.

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