Eleventh Annual International Business Conference Fresno 05.10.00 “There’s going to be a fundamental change in the global economy unlike anything we have had since the cavemen began bartering.” Arnold Baker,
Download ReportTranscript Eleventh Annual International Business Conference Fresno 05.10.00 “There’s going to be a fundamental change in the global economy unlike anything we have had since the cavemen began bartering.” Arnold Baker,
Eleventh Annual International Business Conference Fresno 05.10.00 “There’s going to be a fundamental change in the global economy unlike anything we have had since the cavemen began bartering.” Arnold Baker, Chief Economist, Sandia National Laboratories “I genuinely believe we are living through the greatest intellectual moment in history.” Matt Ridley, Genome “We are in a brawl with no rules.” Paul Allaire S.A.V. The Gales of Creative Destruction +29M = -44M + 73M +4M = +4M - 0M Brand Inside Brand Work! 108 X 5 vs. 8 X 1* * 540 vs. 8 And Now the Equivalent … White Collar Revolution! “Reward excellent failures. Punish mediocre successes.” Phil Daniels, Sydney exec “Every project we take on starts with a question: How can we do what’s never been done before?” Stuart Hornery, CEO, Lend Lease Epitaph from Hell … Joe T. Jones 1942 - 2000 HE WOULDA DONE SOME REALLY COOL STUFF BUT … HIS BOSS WOULDN’T LET HIM! The greatest danger for most of us is not that our aim is too high and we miss it, but that it is too low and we reach it. Michelangelo Characteristics of the “Also Rans” “minimize risk” “respect the chain of command” “support the boss” “make budget” Source: Fortune on “most admired global corporations” (10/26/98) Brand Inside Brand You! “The fundamental unit of the new economy is not the corporation, but the individual. Tasks aren’t assigned and controlled through a stable chain of command but are carried out autonomously by independent contractors - e-lancers - who join together in fluid and temporary networks to sell goods and services. When the job is done, the network dissolves and its members become independent again, circulating through the economy, seeking the next assignment.” Thomas Malone and Robert Laubacher DISTINCT … OR EXTINCT! “If there is nothing very special about your work, no matter how hard you apply yourself, you won’t get noticed and that increasingly means you won’t get paid much, either.” Michael Goldhaber, Wired Personal “Brand Equity” Evaluation – I am known for [2 to 3 things]; next year at this time I’ll also be known for [1 more thing]. – My current Project is challenging me … – New things I’ve learned in the last 90 days include … – My public “recognition program” consists of … – Additions to my Rolodex in the last 90 days include … –My resume is discernibly different from last year’s at this time … “You are the storyteller of your own life, and you can create your own legend or not.” Isabel Allende Icon Woman … –Totally turned on by her work! –“It” matters / a WOW Project! –“It” is … COOL! –“It” is … BEAUTIFUL! –She is … in your face! –She is an … adventurer! –She is … CEO of her own life! Icon Woman … - She is … at least … a little funky! –Her curiosity is … insatiable! –She thinks screwups are … as normal as breathing! –She hangs out with some … seriously rad Dudes! –She is not God. She is not Bionic Woman. She is … determined to make a damned difference! “Well-behaved women rarely make history.” Anita Borg, Institute for Women and Technology Icon Woman Meets the Web … – submits resume on the Web – recruited on the Web – hired on the Web – trained on the Web – creates and conducts projects with virtual teams on the Web – manages project and client follow-up on the Web – manages career/reputation-building on the Web Seminar Y2K/Brand Inside Message: Distinct … or Extinct! When you love what you do, you’re alive. jobs.com Brand Outside No “Commodities”! Quality Not Enough! “Quality as defined by few defects is becoming the price of entry for automotive marketers rather than a competitive advantage.” J.D. Power Quality Not Enough! “While everything may be better, it is also increasingly the same.” Paul Goldberger on retail, “The Sameness of Things,” The New York Times “When we did it ‘right’ it was still pretty ordinary.” Barry Gibbons on “Nightmare No. 1” “You do not merely want to be the best of the best. You want to be considered the only ones who do what you do.” Jerry Garcia Brand Outside Strategy 1: Lead the Customer! “The customer is a rear view mirror, not a guide to the future.” George Colony, Forrester Research “If you worship at the throne of the voice of the customer, you’ll get only incremental advances.” Joseph Morone, President, Bentley College Good = Bad/ 1 of 30,000 “We are crazy. We should do something when people say it is If people say something is ‘good’, it means someone else is already doing it.” ‘crazy.’ Hajime Mitarai, Canon “Wealth in this new regime flows directly from innovation, not optimization. That is, wealth is not gained by perfecting the known, but by imperfectly seizing the unknown.” Kevin Kelly, New Rules for the New Economy Brand Outside Strategy 2: Use E-Commerce to Re-invent the Business! B2B 1999 – 2004: 50X 2004: $7.4 T Source: GartnerGroup (per Reuters 1-26-00) GM/Ford/DaimlerChrysler (02-27) Auto parts supply “Co.” $240B (+$500B) I.P.O. “Where does the Internet rank in priority? It’s No. 1, 2, 3, and 4.” Jack Welch Brand Outside Strategy 3: Think Global! Rule #1 If “it” is [truly] good … then it’s good enough for … THE WORLD. Rule #2 There’s no such thing as “too small to be global.” Brand Outside BRAND POWER! Brand It! Now, More Than Ever! “The increasing difficulty in differentiating between products and the speed with which competitors take up innovations will assist in the rise and rise of the brand.” Gillian Law and Nick Grant, Management [New Zealand] Brand Defined Distinction Excellence Emotional “Signature” Trustworthiness Consistency Shorthand No Room for Brands? Nike Saturn CNN America Online Charles Schwab Starbucks The Gap Intel Etc. Brand = Trust! “Most buyers do not have a clue whether anybody else makes a better microprocessor, but ‘Intel Inside’ has become a ‘trust mark’ - a trademark that consumers put their faith in.” The Economist “Consumers don’t simply buy products, they buy attitudes as well. When confronted with proliferation and diversity, choices become increasingly informed by belief. [Consumers] want to know who is behind the products that they buy. They want to know the company. They want to know what you think.” Jesper Kunde, Corporate Religion Brand = You Must Care! “Success means never letting the competition define you. Instead you have to define yourself based on a point of view you care deeply about.” Tom Chappell, Tom’s of Maine Brand Leadership Passion Rules! Brand Leadership: ENTHUSIASM RULES! “I am a dispenser of enthusiasm.”/ Ben Zander Ann Richards’ Dogma Show up! Know your message! PUT YOURSELF AT RISK EVERY DAY!