“Leadership is all about getting ordinary people to do extraordinary things. And if that’s your goal you better figure out what really matters to people and then stimulate that. And in my view [that’s] self esteem. And when people think working at the Wynn equates to them being successful in their life… they will take care of the Wynn hotel with their last breath. And then you’ve got a culture and not just a group of employees and the culture is a powerful thing.”
Steve Wynn, Chairman and CEO of Wynn Resorts, has been named one of the world’s best CEOs and Wynn Resorts has been recognized as one of the world’s most admired companies. In this episode, Steve discusses his secret to effective leadership in business. Many in the business world today are obsessed with technology and think it is the key to success, but Steve says the real key to success is how you treat your customers and manage your employees, specifically how you incentive and encourage them to embrace the culture of your company. Steve explains his management philosophy in detail in this segment.