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In the boardroom
Back home at Trump Tower,
Amy was nervous. She'd never been to the boardroom for a firing before.
Nick thought this would be a disadvantage for her.
Katrina thought that she'd face the firing along with
Amy because of
Amy and
Nick's relationship. After all three members of
Versacorp entered the boardroom,
Amy admitted that
Bill had a great idea by going after the VIPs and securing exclusive
rights to do so.
Amy even went so far as to say, "I think that
Bill is my toughest competition."
When
Nick heard that, his face dropped. Carolyn cut to the chase and said
that the team's idea of giving away a $300 car rental was not a good draw.
Donald said it was a "lousy incentive." Then,
Amy chose
Katrina to face the firing with her. Alone in the boardroom with his
advisors,
Donald asked each to weigh in. Mark thought that no one on
Versacorp did well, but he thought that
Katrina seemed especially unfocused.
Carolyn
agreed and added that
Amy made some terrible blunders this time.
Amy and
Katrina came back in.
Katrina said that she wasn't surprised that she was picked to face the
firing with
Amy. She figured it would happen because of
Amy and
Nick's personal relationship.
Donald was surprised at
Amy. But
Amy said that she made the decision to bring
Katrina back in with her for professional reasons only.
Amy said that the bottom line is that she had led teams to victories
four times.
Donald said that while
Amy and
Katrina had both performed poorly on this task,
Amy had a track record too impressive to ignore. So,
Donald fired
Katrina.
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Commentary
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Find the Buyers
Who Can Buy the Most and You Don't Have to Find the Most Buyers.
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In the effort to register gamblers through
promotional events, Amy's team left no stone unturned in the effort
to attract attention. They abused a bullhorn and hired
showgirls to shepherd prospects their way. But when the final
tallies came in, it turned out that while Amy had registered more
gamblers, it was Bill--with his laser-like focus on the recruitment
of big-spending VIPs--who hit the jackpot. He handed Amy a
huge loss in what the gamblers actually spent. Though fewer in
number, the VIPs had outspent Amy's gamblers by a large ratio.
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Protect the
Winning Idea.
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Bill knew that the key to this victory lay in
registering the Trump Taj Mahal's VIP gambler's at Protege's table.
Just as important, he realized that he had to stop Amy's Versacorp
team from adopting the same strategy once they caught wind of it.
So Bill negotiated for the exclusive rights to escort the VIPs
straight from their check-in line to Protege's registration area.
Sure enough, Amy saw the value in Bill's tactic and sent models to
lure VIPs her way. But Bill shooed them off, per his agreement
with the house. Protecting his idea proved as crucial as
having it in the first place.
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Sell with
Spectacle: Bigger is often Better.
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It took a lot to attract gamblers'
attention amid the Taj Mahal's bustle, but Protege got it done with
a giant $1000 giveaway roulette wheel--ushered in with a trained
tiger. The team's promotional event looked right at home in a
place where extravagance is the norm. On the other hand,
Versacorp's $300 car rental looked decidedly puny. Amy got a
rare scolding from Trump, who noted that you don't give away rentals
at the Taj, you give away the whole car.
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Beware the
Spillover Effect.
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Amy fumed that
Katrina had "a tendency to use sexuality as her prime negotiating
tactic" when Katrina went into the negotiation for the free car
rental with no plan other than a gorgeous smile and a coquettish
attitude. And this was just after Katrina had huffed that Bill
wanted to exploit her good looks to sell fares in the last episode.
"What about my ideas? I'm not just a pinup doll," she complained.
But if Katrina wanted to be valued for her brain, then using it
should have been her primary negotiating tactic.
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Focus on the
Common Goal.
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Bill was surprised when Troy and Kwame
snatched him away from Versacorp to replenish the depleted Protege.
"Troy and I do not have compatible styles," Bill said.
"Frankly, I'm not exactly fond of the way he does business."
But any friction between the two was invisible once the task began.
In fact, Bill's strategic brilliance and Troy's irresistable
hucksterism were perfectly matched as Versacorp targeted the most
desirable gamblers and then bedazzled them with flash and fur.
As Protege roared to victory, project manager Kwame praised his
colleague's characters: "You just give them a mission, and
they'll get it done." It's usually easy to pick the best out
of any lineup, so just do it.
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Catch the
Competition Napping.
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Amy's ten consecutive victories must have
worn her out; when the big guy bused the teams to Atlantic City, she
fell sound asleep like the rest of Versacorp. Meanwhile, the
back of the bus buzzed with activity as Troy, Bill, and Kwame
planned their attack. "The whole time on the bus we were
talking strategies and game plans, and making appointments," Troy
observed. "I look up at the other team and they're all
sleeping. Every single one of them is sleeping like they're on
a tour bus instead of a job interview." Protege hit the
boardwalk running, while Versacorp played catch-up all episode.
Amy looked atypically off-balance and rolled snake eyes for the
first time; Protege's wise use of early minutes ensured they'd hit
the jackpot later on.
Lessons Learned
Think Big
"Only with absolute fearlessness can we slay the dragons of
mediocrity that invade our gardens." - George Lois
- Present and pursue bold initiatives.
- Pursue business success on a large scale--it's the only success
worth pursuing
- Be willing to challenge the status quo.
- Overcome complacency.
- Launch, define, and operate your business and your career in a
way that continually shatters people's preconceptions.
- Remember that people have a way of making room at the table for
big thinkers.
- Realize that small ideas rarely lead to large accomplishments.
- Don't forget that time is tight in today's business environment.
- Learn to imitate Trump and other successful entrepreneurs.
Gold Stars:
***
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| The Report Card |
Protege:
- Effort --
- Performance --
- Creativity --
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Versacorp:
- Effort --
- Performance --
- Creativity --
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