Rami Baitiéh1:26
Good evening everyone. Thank you for having me tonight. Thank you, Nicolas. To answer your question simply, I drive the turnaround through the first line. In a dashboard, the first line is revenue, the second is margin, the third is costs, and at the bottom you have what's called EBITDA or EBIT. I always drive the turnaround through the first line. Revenue comes through customer relationships. So my first operation, my first secret, is the customer. To know the customer, you might say you need to change the assortment. Yes, but if I want to modify the assortment, based on what? Based on customer desires. You might say change the store size. But if I decide to change the store size or do online commerce, it's based on customer needs. So I know one thing, but everything I know is only 5% of what the customer wants because there's such a gap between people at the top of the pyramid and customers. The customer is really at the heart of my strategy. How do I do it? The first thing, as you mentioned, is the inverted pyramid. I take the CEO who's at the top, keep the exact same pyramid but invert it. The CEO becomes the person at the bottom who supports the pyramid on their shoulders. Then you find senior management. Above that, middle management. Above that, the collaborators who are now at the top of the pyramid. And above everyone, you find the customer — this customer who pays our salaries and bonuses. We invert this pyramid and every level has one mission: to respond to the needs and wishes of the customer. The famous 555 method with 15 commitments, always keeping the customer in mind. Once we've inverted the pyramid, everyone focuses on the customer and we give more empowerment at each level. The checkout operator can make decisions because they're closest to the customer. Instead of going to see some department director or marketing director, every person in the company becomes responsible for the customer relationship and is empowered through this inverted pyramid culture. Now since we've put the customer on top, we listen to the customer. Through NPS — the Net Promoter Score — I track NPS daily by department, sector, store, region. I also track customer complaints, Mystery Shopper visits, Google comments. We hold roundtables — each store does two per month. Once we've listened to the customer, we understand their demands. These might be twenty demands, a hundred, a thousand. So that my 110,000-person company can pivot in the right direction, instead of coming with a 50-page customer complaint document, I come with five points to build trust, five points for service, and five points for experience. Even basic things — if I'm restocking and I don't greet customers, and a customer complaint says your staff isn't friendly, I implement 'hello.' Often people don't complain even though they think it — 90% of dissatisfied people don't say so. So we take the five most important points for the customer and make commitments. We tell customers, if you find a single expired product from now on, here's how we'll compensate you. This becomes a constitution. When I finish the first five, I move to the next five. The 555 method is based on listening to the customer — we narrow down dozens of customer comments into five points we can hold on one hand. Five for trust, five for service, five to guarantee the experience. This works — it worked in Argentina, Taiwan, France, and now in the UK. The content differs because the demands differ, but the method is the same. It's like asking if 1+1 in Polish is the same as 1+1 in French — it's mathematics.