San Antonio Spurs CEO Peter Holt today marked 15 years since he and his wife Julianna Hawn Holt acquired controlling interest in Spurs Sports and Entertainment, and Holt credited 'Values Based Leadership' for helping guide the franchise to unprecedented success, 1200 WOAI news reports.
"We have people who really believe in traditional values and it applies," Holt told 1200 WOAI news today during a celebration at the AT&T Center to mark the anniversary. "It applies rather its a 21 year old player who just joined the team, up to top management, and it has worked beautifully."
'Values Based Leadership' is the creation of Kenneth Blanchard, author of the 'One Minute Manager' series of books. who was among the speakers at the 15th anniversary event.
The philosophy derives from the belief that a whole community, employees, customers, shareholders, and stakeholders, will benefit from association with a company committed to managing by a set of ethical values. It is also the 25th anniversary of HOlt Cat adopting Values Based Leadership throughout the company's operations.
Holt says part of what has come to be known as the 'Spurs Way,' which has been credited for the team's amazing success over the past 15 years, is to make sure even the youngest and newest people subscribe to the values.
"It always takes some nurturing and mentoring, but you have to have that basic character, and that's what we take the time to look for," he said.
Holt conceded that while he was excited to acquire controlling interest over the Spurs in 1998, after first investing in the team five years earlier, he had no idea that the Spurs would become the most successful franchise in big league pro sports, with five trips to the championship, four titles, and the best winning percentage of any pro team.
"It is almost beyond belief, and we still get big grins on our faces when the season starts," he said.
Holt says he is already excited about the upcoming NBA season, and says everybody, including the fans and the people of metro San Antonio, deserve credit for that success.
Holt says he has no plans to go anywhere and plans to continue in his role as CEO of Spurs Sports and Entertainment.
"You have to ask the other stockholders, but that's my plan," said Holt, who turned 65 in July. "I don't know about another 15 years, but I am very interested. I love it.
"Spurs Sports and Entertainment also operates the San Antonio Rampage, San Antonio Silver Stars and the Austin Toros, and manages the AT&T Center.