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The New Gold Standard

by Joseph A. Michelli · 2024 · 304 pages

4.42· 466 ratings

Businessbook summaryMichelli
Key Insights · 8 min

The New Gold Standard

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Define and Refine: Establish Core Values While Adapting to Change

"The Gold Standards, and the disciplined business practices that emerge from them, create the platform for the achievements of our company in areas as wide ranging as our attractiveness to job seekers, our recognition for customer engagement, and our accomplishments in quality excellence throughout the world." Foundation of excellence. The Ritz-Carlton's success is built on its Gold Standards, which include the Credo, Motto, Three Steps of Service, and Service Values. These foundational elements provide a clear vision and guide for employees at all levels. The Credo emphasizes genuine care and

Lesson 1: Define and Refine: Establish Core Values While Adapting to Change

This principle from The New Gold Standard is backed by Joseph A. Michelli's extensive research and real-world examples. Understanding it deeply can shift how you approach decisions, relationships, and long-term planning in meaningful ways.

Lesson 2: Empower Through Trust: Give Employees Authority and Responsibility

This principle from The New Gold Standard is backed by Joseph A. Michelli's extensive research and real-world examples. Understanding it deeply can shift how you approach decisions, relationships, and long-term planning in meaningful ways.

Lesson 3: It's Not About You: Focus on Customer and Employee Needs

This principle from The New Gold Standard is backed by Joseph A. Michelli's extensive research and real-world examples. Understanding it deeply can shift how you approach decisions, relationships, and long-term planning in meaningful ways.

How to Apply The New Gold Standard's Lessons

The real value of The New Gold Standard lies in its applicability. After reading, the most important step is identifying which of Joseph A. Michelli's principles speak most directly to your current situation.

Consider keeping a journal while reading — noting where the ideas challenge your current approach and where they confirm what you already suspected. The friction of your own resistance often points to the most important insights.

Key Quote

"Define and Refine: Establish Core Values While Adapting to Change" — Joseph A. Michelli, The New Gold Standard

About the Author

Joseph A. Michelli is the author of The New Gold Standard. The book reflects years of research, observation, and synthesis of evidence from multiple disciplines.

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