1 00:00:01,080 --> 00:00:08,520 The future of business is responsible and futurology negocios at risk of increasing interest and present conscious co-mingling of growth and impact. 2 00:00:08,580 --> 00:00:15,870 So either way, like they seem to be attained in the future, do business equals strongly responsible the hyper cooperation we carry or take over? 3 00:00:15,900 --> 00:00:23,309 The future of business is intentional and transparent. The two comes from with Ray Evans, all the cool neo-Nazi Funkiness Grove tweeted immediately. 4 00:00:23,310 --> 00:00:31,350 If you would have been an Amen homophobe, mistaken assault can mean finding the equilibrium between exponential growth and sustainability. 5 00:00:31,470 --> 00:00:34,620 This is the future of business podcasts hosted by Said Business School. 6 00:00:34,980 --> 00:00:37,330 Today we'll be talking to Daniel Cannabis. 7 00:00:37,770 --> 00:00:44,880 He's currently a product manager at Rolls-Royce Motor Cars, who's responsible for global pricing strategy and is the head of the Configurator team. 8 00:00:45,420 --> 00:00:51,030 He's previously worked as a product manager at BMW Group Espana, 9 00:00:51,030 --> 00:00:57,660 working on the Mini and also a specialist on the motor and working in market research and product management. 10 00:00:59,040 --> 00:01:02,060 Thank you so much for agreeing to meet with us today. 11 00:01:02,070 --> 00:01:07,320 We're really excited to hear about your perspective on the auto industry, luxury and product management. 12 00:01:07,930 --> 00:01:11,760 No, thank you for having me here. I think it's great to be at Oxford. 13 00:01:12,360 --> 00:01:15,690 Yeah. Discussing industry insights with you. 14 00:01:18,550 --> 00:01:23,890 So can you give us a little background on how you got started in the product and luxury world? 15 00:01:24,520 --> 00:01:33,220 Well, I started in the product world first because I joined a BMW group was when I was studying in my undergraduate. 16 00:01:33,490 --> 00:01:38,800 So I started at Financial Services. Then I moved to BMW Motorcycles, then I moved to Mini. 17 00:01:39,280 --> 00:01:48,100 And then late 2015 I had a chance to move to Goodwood, to the head office of Rolls-Royce Motor Cars. 18 00:01:48,490 --> 00:01:53,650 And then is when my stage of luxury started. 19 00:01:53,890 --> 00:01:58,720 And now trying to combine both industries, luxury and automotive. 20 00:01:59,320 --> 00:02:07,570 Awesome. So what made you want to work in the luxury and auto industry and specifically as a product manager? 21 00:02:07,570 --> 00:02:14,020 What of those three things really shown and sparked out to you, I think is the mix. 22 00:02:14,140 --> 00:02:20,380 And as a product manager, you need to have the view of the bigger picture. 23 00:02:20,830 --> 00:02:30,100 And if you look at both industries, luxury and automotive, a lot of things are happening at the moment. 24 00:02:30,460 --> 00:02:42,730 And the auto industry, we can see how new brands are coming in and with electric cars, autonomous driving mobility services. 25 00:02:42,730 --> 00:02:47,560 So the industry is being disrupted. So it's a very exciting moment. 26 00:02:47,950 --> 00:03:01,060 And in luxury as well, we've seen a change from all luxury and ownership now more to a experiences and consciousness and rich experiences. 27 00:03:01,470 --> 00:03:07,270 So I think it's a it's a amazing time to be at the cross of both industries. 28 00:03:09,070 --> 00:03:13,620 Did you see as a child, great line to what you're doing now in product? 29 00:03:13,630 --> 00:03:18,370 Did you have interest in juggling many challenges at once, like you just mentioned, of those industries? 30 00:03:19,150 --> 00:03:29,890 Not at all. I was never planning to be specifically product manager on in the brand like Rolls-Royce motor cars. 31 00:03:30,610 --> 00:03:34,059 But I knew that I should work. 32 00:03:34,060 --> 00:03:37,030 It's something I liked and I was passionate about. 33 00:03:37,240 --> 00:03:47,379 And I'm really passionate about iconic brands and creating experiences around iconic products and the emotional attachment between the product, 34 00:03:47,380 --> 00:03:52,930 the brand and the customer. So I quite knew that I was going to do something similar, 35 00:03:53,170 --> 00:03:59,980 but definitely I had no idea that I would be working here in the UK for, for that amazing brand. 36 00:04:00,790 --> 00:04:09,430 And how does that emotional story play out at Rolls-Royce that you first saw it when you wanted to move into your current role roughly four years ago? 37 00:04:10,480 --> 00:04:13,719 Well, it's it was completely unknown to me, 38 00:04:13,720 --> 00:04:24,340 because Rolls-Royce is one part of the business that I had no previous contact with and might be front end at the beginning, 39 00:04:24,340 --> 00:04:28,450 because you can see all the magic around the brand or the drama. 40 00:04:28,450 --> 00:04:38,559 But once you know it, you can really see why users and customer are really engaged with the brand because it's not just a car company, 41 00:04:38,560 --> 00:04:50,890 it's more a global luxury brand. And we deliver experiences at Goodwood that are really unique and in a world that is moving more to automation, 42 00:04:52,510 --> 00:04:57,850 having products that are handcrafted and very limited unit. 43 00:04:57,860 --> 00:05:02,900 So this niche industry is really, really unique and and exciting. 44 00:05:03,460 --> 00:05:10,080 So it sounded like at first Rolls-Royce as a company or even the luxury market was a little bit of a walled garden. 45 00:05:10,090 --> 00:05:15,700 There were secrets behind it. The story was behind there, and that may have been a little bit intimidating. 46 00:05:15,700 --> 00:05:26,770 How did you jump that that river, that bridge to go from BMW, which is more mid-market to such a bespoke and high end luxury company like Rolls-Royce? 47 00:05:27,220 --> 00:05:31,750 Was there conversations that you had with people? What helped you transition? 48 00:05:33,760 --> 00:05:40,719 Spending time in the brand, talking to customers, talking to our regional colleagues, talking to different departments. 49 00:05:40,720 --> 00:05:50,140 Because in the past it was. Closer to the sales side of the business and the end user. 50 00:05:50,470 --> 00:06:00,280 And now, because our head office is closer to manufacturing, you can really see how things are made, are created. 51 00:06:00,550 --> 00:06:09,250 So that's that's good to know the product inside out and see how things are made that I think that that creates value. 52 00:06:10,060 --> 00:06:15,970 So similarly, looking back at a company like Rolls-Royce that has had over a hundred years of 53 00:06:16,930 --> 00:06:24,399 production and modification while also retaining its its get the storyline, 54 00:06:24,400 --> 00:06:33,310 the magic of the brand. How do you think the company has been able to create a culture that's been resilient and also nimble 55 00:06:33,580 --> 00:06:39,070 so that it can operate in current times and still hold its place as an elite motorcar company? 56 00:06:40,440 --> 00:06:47,599 I think being a. Um, niche and a small volume manufacture. 57 00:06:47,600 --> 00:06:53,150 It helps because your processes are more flexible. 58 00:06:53,650 --> 00:07:10,610 Um. Having a non automated production system helps because all our cars are built by hand and therefore the personalisation and um, 59 00:07:10,820 --> 00:07:18,470 having cars that are bespoke and lead times can be longer and you don't disrupt a given process. 60 00:07:18,800 --> 00:07:23,440 I think this, um. Craftmanship. 61 00:07:23,990 --> 00:07:30,309 And there's. Hon mate system helps because it's more flexible. 62 00:07:30,310 --> 00:07:35,650 Definitely. Is that an aspect of the culture that exists throughout all parts of the organisation, 63 00:07:35,650 --> 00:07:42,250 say in accounting and H.R., or is that more closely related to people who are closer to the actual product? 64 00:07:42,640 --> 00:07:46,480 I would like to believe that is spread throughout the organisation. 65 00:07:46,510 --> 00:07:54,190 Of course, the closer you are to the product, the stronger the connection and the better is the understanding. 66 00:07:54,190 --> 00:08:00,879 But at the end of the day, we're a small team where around 2000 people that we all love to brand, 67 00:08:00,880 --> 00:08:10,030 we all love our products and therefore we all understand our values and we understand our processes. 68 00:08:10,390 --> 00:08:16,930 So I think keeping a small team hopes definitely a great sense of camaraderie there. 69 00:08:18,220 --> 00:08:27,280 How would you say outside of the culture? More operations management has helped Rolls-Royce evolve as a company throughout the years and also 70 00:08:27,280 --> 00:08:35,740 has kept it nimble in its actual kind of nuts and bolts when it comes to operations and processes. 71 00:08:36,750 --> 00:08:47,250 Being part of a group like BMW Group, you can learn new processes, you can definitely find synergies. 72 00:08:47,640 --> 00:08:51,450 And although we are extremely independent as a brand, 73 00:08:51,870 --> 00:08:58,230 you can tap into Operation Knowledge and state of the art processes that you can adopt for your product. 74 00:08:59,370 --> 00:09:06,149 And have you seen any top line or cost pressures that have been put on Rolls-Royce in the last 75 00:09:06,150 --> 00:09:12,780 ten years that have affected either the culture or maybe in a positive or negative light, 76 00:09:13,050 --> 00:09:20,010 either doubling down on the craftsmanship and the camaraderie, the the pride in what you deliver, 77 00:09:20,490 --> 00:09:25,290 or has it made the company take on new attributes in any capacity? 78 00:09:25,720 --> 00:09:29,460 I mean, you always have challenges. You always have pressure. 79 00:09:30,060 --> 00:09:33,540 However, we believe that we we have resilient to that. 80 00:09:33,870 --> 00:09:38,860 And we all believe that our. Brand. 81 00:09:39,370 --> 00:09:45,940 Our shift on our bespoke processes should be as they are, 82 00:09:46,270 --> 00:09:54,160 and not be negatively influenced by external factors like short term financial results, which are important. 83 00:09:54,400 --> 00:10:02,740 But you need to consider that Rolls-Royce used Rolls-Royce because of certain aspects, so you cannot compromise. 84 00:10:05,110 --> 00:10:13,300 So can you describe your day today for us and how your particular role is shaping the future of the luxury auto industry? 85 00:10:14,300 --> 00:10:21,200 Well. Shaping the future of our auto industry is a is a very challenging message. 86 00:10:21,200 --> 00:10:32,809 But my day today, I take something that I do like is being part of a global team and being in daily 87 00:10:32,810 --> 00:10:38,750 contact with my colleagues from the regions starting in the morning with Beijing, 88 00:10:38,870 --> 00:10:41,929 Singapore, then Middle East and Europe. 89 00:10:41,930 --> 00:10:42,980 And in the afternoon, 90 00:10:43,310 --> 00:10:50,459 talking to our colleagues in New York is something that is really valuable to me because I was coming from a market which was only one country, 91 00:10:50,460 --> 00:10:53,600 it was Spain. So this is something that I do like. 92 00:10:53,930 --> 00:10:58,880 And then being in touch with different stakeholders like. 93 00:11:00,180 --> 00:11:07,140 Central sales operations design manufacturing gives you a really good understanding of the business 94 00:11:07,440 --> 00:11:12,690 and because we are all under the same roof is quite easy to get in touch with different stakeholders. 95 00:11:12,690 --> 00:11:15,840 So this is something that is my daily they. 96 00:11:16,470 --> 00:11:21,750 Of course there are challenges daily challenges but is hey it's a good atmosphere. 97 00:11:22,290 --> 00:11:31,229 Awesome. So what what are factors that you consider when developing a new product because your company is so global but also very specific 98 00:11:31,230 --> 00:11:40,350 in different regions and is almost a niche market for things like the Black Badge Line and the gallery in the Phantom Model. 99 00:11:40,590 --> 00:11:49,920 How did you collect data to support that as a product launch and if it would be successful in all of the markets or maybe even just one? 100 00:11:51,060 --> 00:12:02,490 Well, we definitely need to stay in a very close contact with our regional colleagues that they do understand customers and they do understand needs. 101 00:12:03,480 --> 00:12:11,790 On the other hand, we consider that we've got a global audience and customers that are global citizens. 102 00:12:11,790 --> 00:12:12,840 So probably they. 103 00:12:16,280 --> 00:12:26,210 Certain products may not necessarily be only relevant for one region, but we have customers moving across the globe and that definitely helps. 104 00:12:26,510 --> 00:12:30,600 We need to consider definitely key regional aspects. 105 00:12:30,620 --> 00:12:38,059 There are some frameworks that can limit how you operate regulation, different homologation, 106 00:12:38,060 --> 00:12:43,400 different laws, different importation structures that of course you need to consider. 107 00:12:43,880 --> 00:12:55,580 But at the end of the day, because the number of cars that we sell is, is still low and limited and we are a niche brand is somehow. 108 00:12:56,470 --> 00:13:04,330 Easy, I would say four key members of the team to stay closer to the customers and get first hand feedback. 109 00:13:04,930 --> 00:13:09,700 Can you give us an example of how regulation has impacted product design or delivery? 110 00:13:13,020 --> 00:13:22,890 Homologation and safety regulation in the US might be completely different to Korea or China and there are some importation. 111 00:13:25,630 --> 00:13:32,440 Taxes that change overnight. And for a global company, that has a clear impact. 112 00:13:32,440 --> 00:13:44,890 So you need to make sure that for big ticket items like Rolls-Royce, you don't have logistic problems because then it will impact your bottom line. 113 00:13:45,370 --> 00:13:51,730 And even for a company that most of its products are highly customised before they're even built. 114 00:13:52,090 --> 00:13:57,579 That regulation for location based laws still impacts the company's bottom line. 115 00:13:57,580 --> 00:14:02,890 Or is this kind of rolled into how you build the car in the first place for that one particular buyer? 116 00:14:03,310 --> 00:14:10,300 That's an example. I think it was November 2016 when 10% luxury tax was introduced in China. 117 00:14:10,780 --> 00:14:18,310 It was announced, I think was pretty much overnight, only 48 hours notice and we had costs on the way. 118 00:14:18,640 --> 00:14:25,500 So you need to react very, very quickly because you don't want to have some products that are no longer relevant 119 00:14:25,510 --> 00:14:30,160 for the market because the price and the rules of the game have changed so quickly. 120 00:14:30,790 --> 00:14:38,349 And in that scenario, does the company look at adjusting the future price for other customers or 121 00:14:38,350 --> 00:14:42,430 maintaining the expectation of price for those ones that were already shipped? 122 00:14:43,570 --> 00:14:47,740 It very, very depends and is usually case by case basis. 123 00:14:48,010 --> 00:14:52,780 And you need to get an agreement with internal stakeholders and regional colleagues in 124 00:14:52,780 --> 00:15:01,930 order to keep a balance between market needs and definitely the internal profitability. 125 00:15:02,290 --> 00:15:05,470 So no straight answer and case by case basis. 126 00:15:05,920 --> 00:15:12,700 It all depends, right? Yes. What challenges do you think the luxury automotive market has in the coming years, 127 00:15:12,850 --> 00:15:17,920 and where is Rolls-Royce allocating resources to meet these challenges? 128 00:15:19,660 --> 00:15:23,560 I mean, both industries have several challenges. 129 00:15:24,010 --> 00:15:31,209 If we look at only automotive, we can see new brands coming in from the tech industry, 130 00:15:31,210 --> 00:15:39,460 from other industries without legacy assets, with a completely new approach to products. 131 00:15:39,670 --> 00:15:44,410 But on the other hand, they somehow struggle to, uh, 132 00:15:44,590 --> 00:15:56,610 build cars in a consistent way with quality standards because they don't have this expertise and experience in developing a such a complex product. 133 00:15:56,620 --> 00:16:07,720 So I think it's a very interesting time where we can see traditional brands trying to move into a more agile way of working wise. 134 00:16:07,810 --> 00:16:18,280 There are new brands that are born agile. They are trying to find how to produce vehicles in a stable, stable way. 135 00:16:18,280 --> 00:16:27,639 So I think this is a challenge for everyone and how these kind of two different types of companies can coexist is really, 136 00:16:27,640 --> 00:16:34,879 really interesting to look at. Do you believe that the Black Badge line is kind of already tackling some of these 137 00:16:34,880 --> 00:16:39,980 challenges by meeting a new experience and expectation from such a high end brand? 138 00:16:40,220 --> 00:16:49,820 Yeah, definitely Black Badge. We can tell that it is a success and it has helped us to, uh, target a completely different new audience. 139 00:16:50,150 --> 00:16:56,210 Younger customers, uh, that want to really express their personality. 140 00:16:56,240 --> 00:17:08,480 They are bolder. They are. They want something edgy, more dynamic, and, and truly the alter ego of Rolls-Royce or the non-traditional customer. 141 00:17:08,810 --> 00:17:13,640 So both type of customers can coexist under the Rolls-Royce umbrella. 142 00:17:14,240 --> 00:17:19,760 Do you think the customers of Black Badge or just Rolls-Royce in general are becoming more 143 00:17:19,760 --> 00:17:24,380 socially conscious when it comes to the environmental impact of the cars that you built? 144 00:17:24,600 --> 00:17:30,740 Yeah, everyone. Everyone is, um, becoming more, uh. 145 00:17:31,730 --> 00:17:34,970 And but environmentally conscious and I think as is a good thing. 146 00:17:36,770 --> 00:17:41,480 And. Every single brand has to be authentic. 147 00:17:42,020 --> 00:17:49,940 You need to demonstrate how you supply chain, how you production, how you, what materials you're using, but in a authentic way. 148 00:17:50,310 --> 00:17:55,850 And especially in luxury, I think is really, really important. You cannot create. 149 00:17:56,690 --> 00:18:01,750 Fake messages because it's even worse that not telling the truth. 150 00:18:01,760 --> 00:18:10,640 I think you have to be authentic. You have to tell what your product stands for, what's behind a product, but in a in a very authentic way. 151 00:18:11,090 --> 00:18:19,250 How does maintaining rolls-royce's authenticity when it comes to meeting technology expectations from the market? 152 00:18:19,730 --> 00:18:28,340 How do you balance being a world class luxury automotive company but also integrating the sexy tech into cars? 153 00:18:29,270 --> 00:18:35,620 Yeah, it's it's a fine balance. And the good thing is that we are part of a larger group. 154 00:18:35,630 --> 00:18:39,620 It is a BMW group, and they are pioneers in new technology. 155 00:18:39,620 --> 00:18:41,540 So we can find synergies. 156 00:18:41,810 --> 00:18:51,170 On the other hand, for us, it's all about hidden technology and we want the technology to work, but customers should not notice it. 157 00:18:51,170 --> 00:18:55,889 It should be in the background doing the surprised under load factors. 158 00:18:55,890 --> 00:19:01,070 So it's a kind of a process of taking the technology. 159 00:19:01,070 --> 00:19:05,930 This is a state of the art, but using it in a Rolls-Royce way. 160 00:19:06,380 --> 00:19:12,260 Can you give us an example of your favourite surprise and delight technology attribute that's been added to a Rolls-Royce car? 161 00:19:13,380 --> 00:19:21,960 Starlight headliner is one of the elements that people love like is the the and headlining of the cars or the interior. 162 00:19:22,830 --> 00:19:27,090 You can have a constellation or a stellar headliner. 163 00:19:27,090 --> 00:19:35,309 So as you are being driven, you can you can feel like you are looking into the sky and that is is all handcrafted, 164 00:19:35,310 --> 00:19:39,360 but you can have a highly personalised constellation. 165 00:19:39,360 --> 00:19:42,540 So it's kind of this digital craftmanship. 166 00:19:43,140 --> 00:19:48,600 And while integrating these surprise and delight aspects into Rolls-Royce vehicles, 167 00:19:48,990 --> 00:19:56,790 while making sure that the technology that's currently in vogue isn't going to be detrimental to that car is long term value. 168 00:19:57,030 --> 00:20:00,059 For example, we wouldn't want an eight track player in a Rolls-Royce. 169 00:20:00,060 --> 00:20:09,690 Or do those exist in our floating out there somewhere for us is very interesting to keep the value of our products in the long run. 170 00:20:09,690 --> 00:20:13,530 And that's why technology is there but is hidden. 171 00:20:13,530 --> 00:20:21,630 So technology probably is not the primary aspect of the car and what you value is the craftsmanship that is the design is the timelessness, 172 00:20:21,930 --> 00:20:34,950 and the technology just does it still amazing amongst all of the surprise and delight features and also hidden technology in your role at Rolls-Royce, 173 00:20:34,950 --> 00:20:38,219 what has been the most interesting and enlightening experience, 174 00:20:38,220 --> 00:20:45,690 either in your work working amongst many teams or in the actual delivery and build of a product? 175 00:20:46,260 --> 00:20:49,350 What would you say has been kind of an aha moment for you? 176 00:20:50,320 --> 00:20:56,709 What I really like is when we bring customers to Goodwood and to experience our 177 00:20:56,710 --> 00:21:04,210 facilities and we unveil our cars just to see how amazed they are with the product. 178 00:21:04,630 --> 00:21:12,250 When we walk around the product, when we unveil what they have commissioned months ago, 179 00:21:12,700 --> 00:21:19,870 that is really great and you can see it over time and it's a moment that is always a factor. 180 00:21:20,140 --> 00:21:27,730 It does not change. Do you as a product manager get to see behind the veil on that or kind of linger in the background? 181 00:21:27,730 --> 00:21:31,840 Or do you have front row seats to showing that buyer their new car? 182 00:21:32,870 --> 00:21:33,859 From time to time. 183 00:21:33,860 --> 00:21:44,240 We we are involved with customers, but it very much depend of what kind of customers because at the end of the day, we have 1 to 1 relationships. 184 00:21:44,540 --> 00:21:50,240 So we've got colleagues in the sales high that they craft that relationship with customers. 185 00:21:50,630 --> 00:21:58,610 And some people want to be more open and get more in touch with the headquarters in Goodwood. 186 00:21:58,820 --> 00:22:02,240 Some others they would want to have more private conversation. 187 00:22:02,240 --> 00:22:08,209 So it very much depends. So Goodwood is one of the experiences that Rolls-Royce has as a buyer. 188 00:22:08,210 --> 00:22:13,160 You can, like you said, come in and see the unveiling of this beautiful new Rolls-Royce that you've purchased. 189 00:22:13,400 --> 00:22:22,310 But what other ways does Rolls-Royce use their experience and department of the company to either retain customers or bring new ones on? 190 00:22:23,000 --> 00:22:31,910 We run, for example, the art program program called Muse, and we have a collaboration in London with the Serpentine Gallery, 191 00:22:32,270 --> 00:22:44,120 and we do philanthropy events where we bring customers over and we have a very special dinner where we present a car we auction for charity. 192 00:22:44,120 --> 00:22:49,520 That is something which is quite unique and we of course are part of the wider Goodwood. 193 00:22:51,670 --> 00:22:58,960 World where there's the Festival of speed, where we meet customers on a in a very special way. 194 00:22:59,650 --> 00:23:01,060 So which came first? 195 00:23:01,300 --> 00:23:09,100 The experiences that included art aspects or the gallery feature part of The Phantom come first, or was it kind of a magical blend? 196 00:23:09,550 --> 00:23:16,000 I think it is a nice blend because Rolls-Royce has been quite close to the art world. 197 00:23:16,870 --> 00:23:20,740 Over time, we where the art program is, it's not new. 198 00:23:21,070 --> 00:23:26,440 And then having the possibility to bring a art piece to your own car, 199 00:23:26,770 --> 00:23:32,110 which is the probably the ultimate expression of bespoke, was like a very, very good match. 200 00:23:33,060 --> 00:23:39,030 And if you could just give one piece of advice to anyone who's interested, either in the cross section of product management, 201 00:23:39,030 --> 00:23:47,490 luxury and automotives, or any one of those three, how they can break into that industry or even find if they're truly passionate about it. 202 00:23:48,750 --> 00:23:59,190 I think you need to be passionate with the product on the front yard representing because in the end is probably half of the day, if not more. 203 00:23:59,430 --> 00:24:03,300 You are the Fed, you are you have to represent that brand. 204 00:24:03,720 --> 00:24:09,750 And when it comes to the product management role, I think it's important to have a. 205 00:24:10,950 --> 00:24:14,100 Why their view of the business and they get to see the bigger picture. 206 00:24:14,730 --> 00:24:21,360 At the end of the day, you are a knowledge broker between sales, design, manufacturing engineer, press training. 207 00:24:21,600 --> 00:24:29,879 You need to deal with a lot of internal stakeholders, but you need to understand the market trends or the industry trends in order growth, 208 00:24:29,880 --> 00:24:32,160 cross-pollinate ideas, you need to know your customer. 209 00:24:32,490 --> 00:24:42,810 So I think having the ability to get to see or want and wanted to get to see the big picture is important. 210 00:24:44,180 --> 00:24:48,620 And would you say being passionate about your particular role is essentially 211 00:24:48,620 --> 00:24:52,700 how a company can shoot forward in the future of business in their industry? 212 00:24:53,050 --> 00:24:58,520 Like if many hands make light work, if your hand is really passionate about the company and the industry, 213 00:24:58,520 --> 00:25:02,930 like you just said, is that going to move us forward faster? I believe so. 214 00:25:03,050 --> 00:25:06,980 I believe that you can always. Learn new skills. 215 00:25:07,820 --> 00:25:13,490 But passion has to be there. So you need to truly believe in the product, truly believe in the brand. 216 00:25:14,150 --> 00:25:19,520 And if there is a gap that you need to fill or you need to close, that will happen. 217 00:25:19,700 --> 00:25:28,950 There are resources there, but is more difficult for someone who has an amazing skillset to fall in love with a product it has not. 218 00:25:28,970 --> 00:25:32,730 If this has not happened before. So you heard it here first. 219 00:25:32,750 --> 00:25:36,740 Passion is the most important thing, or maybe for the hundredth time. 220 00:25:38,360 --> 00:25:39,709 So thank you so much, Daniel, 221 00:25:39,710 --> 00:25:47,450 for meeting with us and speaking to all of our listeners about your industry and getting an insight into the luxury automotive world. 222 00:25:47,840 --> 00:25:52,790 Thank you for having me and I hope you all have a great time here. 223 00:25:53,330 --> 00:26:00,660 The future of business is dependent on us understanding that we live in a world with finite resources and future decide what's the possibilities. 224 00:26:00,710 --> 00:26:07,580 The future of business is inclusive innovation, monarchy, Buddhism, the Tokyo governor, my stepmother, Emma and Michelle. 225 00:26:08,200 --> 00:26:13,279 And then what's yours? And I think it's in the pudding. I am willing to put them in immediately. 226 00:26:13,280 --> 00:26:17,330 And the future of business is responsible, sustainable and circular.