NUTS!
Southwest
Airlines Crazy recipe
for
Business and Personal
Success
Group 2
Ashish Bisht
Dushyant Chaudhary
Vijayalakshmi Srinivansan
About the
Kevin and
Jackie Freiberg
Authors
About the Airlines
Founded : March16,1967
Commenced operations : June18,1971
Founders : Rolling King and Herb Kelleher
"Our people are our
single greatest strength
and most enduring longterm competitive
advantage.
- Gary Kelly, CEO,
Nuts?... You decide
What Southwest has done is
create democracy in the
Goliath meets David
The battle heats Up
Nobodys going to shoot Southwest airlines out of
the sky for a lousy $13.
- Lamar Muse, President, SWA, 1973
A Maverick emerges
All about Not giving up, Being outrageous by
any standard, Being different, resourceful,
Focusing on people, Promoting ESPRIT DE
Flying in the face
of Conformity
Our
turnaround
time is not the
result of tricks,
but the result
of our
dedicated
employees,
Professionals
need not Apply
HIRE FOR
ATTITUDE
,
TRAIN
Kill the Bureaucracy
Act like an Owner
When you
talk to a
ramper or
a flight
attendant,
theyll tell
you what
the stock
Learn like Crazy
How important is every Customer?
For the year 1994:
$179,331,000 (annual profit) =
per flight)
624,476 (total flights)
$287 (profit
Now, taking Southwests average one-way
fare of $58:
$287 (profit per flight)
= 5 (customers!!)
$58 (average one-way fare)
This shows, only 5 CUSTOMERS PER FLIGHT
Dont fear Failure
BE
CREATIVE,
COLOUR
OUTSIDE
THE LINES
One Great Big Family
Keeping the Spirit alive
The Art of
celebrating
milestones
Celebrating people
with big hearts
Still Nuts after all
these years
LUV
Compassion for
the Community
Unconventional
Advertising
Second
and
Employees come
First
Leaders Leading Leaders
Leadership from
the Inside out
Managerial lessons learnt:
Organizational Citizenship behavior
Welcome to an extended Family!!
Each and every employee is
important.
Culture should be so formed that
each and every employee values the
other employees and their work. Eg.
Walk a mile in my shoes, Helping
Managerial lessons learnt:
Less time = Less costs = More profits. Eg.
The 10-minute turn.
Cutting down on unnecessary cost
increasing activities. Eg. Removal of
companys logo from plastic bags; ticketless
travel = saved costs upto $2 million/year.
Use of only one type of airline i.e. Boeing
737, reduces training costs.
Keep all the plans and alternatives future
Managerial lessons learnt:
Recognize, reward employees who
glorify the companys values and also
who serve behind the scenes.
Make work FUN.
Promote the culture and product.
Definitely NUTS!!
Very reader friendly; Simple and clear language.
Many Anecdotes, pictorial illustrations help us
understand the company and its culture way
better.
Positivity spread throughout. Sense of can-do,
will-do spirit.
Lots of tips on how to run a business effectively.
But,
Very repetitive.
Only positive, nothing negative mentioned.
OVERALL A must read! Especially for students
pursuing to become not only a successful but, an
Suggested Readings
Go Nuts!
THANK YOU !