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CONNECTED Community Webinar Series

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Presentation on theme: "CONNECTED Community Webinar Series"— Presentation transcript:

1 DriveTime: Transforming the Leadership Culture Jon Ehlinger, EVP, General Counsel, OD Guy
CONNECTED Community Webinar Series Featuring the Big Idea of Relational Leadership 02 September 2016

2 CONNECTED Community Webinar Series: Coming Next …
Add these to your calendar at O:\_1 Palus 2016\Calendar\CONNECTED Friday, September 09, 9am (EST) The DAC Framework and Relational Leadership. Our special guests are Robert Burnside and Cindy McCauley. We will discuss “best practices” and “best beliefs” for making DAC sing in a relational way. We will get an update about the Nomadic Learning edition of DAC featured on its online learning platform pitched to millennial managers. Thursday, October 06, 1pm (EST) Barry Oshry (creator of the Organization Workshop) His theme: The structures we fall into shape our consciousness; we don’t know that, and that’s when the trouble begins. In this session I’ll be working with a wild and readily contestable assumption: that all the people I’ll be describing are intelligent, generous, well-intentioned, and emotionally stable. So what we’ll be exploring is what happens when this healthy cast of characters falls blindly into structures that shape their consciousness resulting in behaviors that are considerably less intelligent, generous, well-intentioned, or emotionally stable.

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6 2016 DriveTime 0831

7 Our company has developed 4 key components that work in concert to produce an industry leader.
RETAIL TECHNOLOGY LOGISTICS CONSUMER FINANCE

8 Corporate Evolution 2015 2002 Loan portfolio exceeds $3 billion Ended with 135 stores Launched lead scoring initiative 4th largest used vehicle retailer in the U.S. Changed name to DriveTime Took company private 2010 Centralized collections 1992 1996 2006 Founded as Ugly Duckling Corporation 7 dealerships in Arizona $54 million in sales Took company public Revenue tops $1 billion Loan portfolio exceeds $1 billion 59 dealerships and employees 2014 Hit over 100,000 annual sale and lease units 2001 2008 2013 2016 Implemented 1st generation credit grading system Tightened credit Closed 19 stores Introduced private term securitizations Loan portfolio exceeds $2 billion Introduced new F&I Started lease program Launched Carvana Loan portfolio exceeds $3.7 billion Company spans 3 divisions with 6,000+ employees Launched Bridgecrest Pivotal corporate change Financial milestone New business creation

9 Evolution of Leadership & Interdependence
Harvard Business Review, 2005 article John McGuire Bill Torbert Cast of Characters Rod Mahs Chris Ernst Suzanne Cook-Greuter Chuck Palus

10 Inside Out “Inside Out Suit” Senior Leader Session/”Rework”
Fundamental Shift in Communication Basic Tools and Communication Alive Today

11 Why WHY ARE YOU, YOU? WHY DO WE THINK IT’S WORSE TO FAIL THAN TO EVER TRY? WHY DO WE DO SO MANY THINGS WE DON’T LIKE AND LIKE SO MANY THINGS WE DON’T DO? WHY ARE WE AFRAID TO BELIEVE WE CAN CHANGE THE WORLD? WHY WOULD WE SETTLE FOR WHAT WE ARE DOING RATHER THAN DOING WHAT WE BELIEVE IN? WHY WOULD WE BE MORE WORRIED ABOUT DOING THINGS RIGHT MORE THAN DOING THE RIGHT THINGS? WHY DOES THERE HAVE TO BE SOMETHING HOLDING US BACK? WHY WOULDN’T WE ALWAYS CHALLENGE THE TRUTH? WHY WAIT FOR TOMORROW WHEN WE CAN DO IT RIGHT NOW? WHY LIVE THE SAME DAY WE’VE LIVED A HUNDRED TIMES BEFORE? WHY ARE WE ALWAYS SO AFRAID TO MAKE A MISTAKE WHEN WE ALWAYS LEARN FROM THEM? WHY ARE YOU HERE?

12 Successes Growth New Companies
Development of Leaders (1,000+ promotions in 2016 YTD) Brand and Market Share

13 Brand Strategy Brand Strategy Build and Protect MARKETING
ONLINE EXPERIENCE • Search Engine Optimization • PPC • TV Advertising • Social Media • Blog • Reviews Communicating the brands commitment to provide easy auto loan approvals on quality vehicles. Strong online reputation, simple paths to view inventory and fast online approvals support the brands message. IN-STORE EXPERIENCE • Vehicle test-drive • Financing terms on every vehicle in 15 minutes Flow of information with low pressure and transparent retail environment connect the brand experience online to offline. • BDC calls within 30 minutes • Approval Certificate • Credit Rank • Down Payment • Shop huge selection of 10,000+ vehicles PURCHASING • 5-year Vehicle Service Contract • GAP insurance • GPS • Centralized underwriting support Approved financing and flexible terms on every vehicle makes the brand real. OWNERSHIP • Loyalty programs - Referral - Champ • Welcome call • Bridgecrest portal • Payment options 30-day warranty, extended service plans, numerous payment methods and loyalty programs creates the customer assurance of the brand.

14 Failures Return Anytime Lease Program “Almost” Sale of Company in 2012
Next Level Leadership Transformation Experience

15 Future? Interdependence of Technology and People
Leaders Drive Culture and Transformation Symphony of Interdependence

16 Conference Rooms Alchemy Agile AHA Avant Garde Axiom Boomerang Chaos
Code Coexist Colosseum Compass Connectivity Core Dialogue Enigma Friction Fuel Gravity Lady Justice LOL PI 3.14 Polarity Rainmaker Reaction Reality Revolution Roots Shhh… Spark The Cloud The Den The Lab The Plurb The Riveter Think Tomorrow Transparent Yesterday Why? Wow! 360°

17 DriveTime: Transforming the Leadership Culture Jon Ehlinger, EVP, General Counsel, OD Guy
Thank you Jon!! CONNECTED Community Webinar Series Featuring the Big Idea of Relational Leadership 02 September 2016

18 CONNECTED Community Webinar Series: Coming Next …
Add these to your calendar at O:\_1 Palus 2016\Calendar\CONNECTED Friday, September 09, 9am (EST) The DAC Framework and Relational Leadership. Our special guests are Robert Burnside and Cindy McCauley. We will discuss “best practices” and “best beliefs” for making DAC sing in a relational way. We will get an update about the Nomadic Learning edition of DAC featured on its online learning platform pitched to millennial managers. Thursday, October 06, 1pm (EST) Barry Oshry (creator of the Organization Workshop) His theme: The structures we fall into shape our consciousness; we don’t know that, and that’s when the trouble begins. In this session I’ll be working with a wild and readily contestable assumption: that all the people I’ll be describing are intelligent, generous, well-intentioned, and emotionally stable. So what we’ll be exploring is what happens when this healthy cast of characters falls blindly into structures that shape their consciousness resulting in behaviors that are considerably less intelligent, generous, well-intentioned, or emotionally stable.


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