Transcript “I am often asked by would-be entrepreneurs seeking escape from life within huge corporate structures, ‘How do I build a small firm for myself?’ The answer seems.

“I am often asked by
would-be entrepreneurs
seeking escape from life
within huge corporate
structures, ‘How do I
build a small firm for
myself?’ The answer
seems obvious …
Source: Paul Ormerod, Why Most Things Fail: Evolution, Extinction and Economics
“I am often asked by would-be entrepreneurs seeking escape from
life within huge corporate structures, ‘How do I build a small firm for
Buy a
very large
one and just
wait.”
myself?’ The answer seems obvious:
—Paul Ormerod, Why Most Things Fail:
Evolution, Extinction and Economics
Jungle Jim’s International Market, Fairfield, Ohio: “An
adventure in
‘shoppertainment,’
as Jungle Jim’s
1,600
cheeses and, yes, 1,400 varieties of hot
sauce —not to mention 12,000 wines priced
from $8 to $8,000 a bottle; all this is brought to
you by 4,000 vendors. Customers come from every
call it, begins in the parking lot and goes on to
corner of the globe.”
Bronner’s Christmas Wonderland, Frankenmuth, Michigan, pop
98,000-square-foot “shop” features the
likes of 6,000 Christmas ornaments,
50,000 trims, and anything else you can name if it
5,000:
pertains to Christmas.
Source: George Whalin, Retail Superstars
Conrad Hilton, at a gala celebrating his
career, was called to the podium and
“What were the
most important
lessons you learned
in your long and
distinguished
career?” His answer …
asked,
“remember
to tuck the
shower curtain
inside the
bathtub.”
LONG
Excellence
NOW
Tom Peters/MBA in one day
04 October 2012/Rhein-Main-Theater, Raum Frankfurt
(slides @ tompeters.com/excellencenow.com)
Q3 2011/BLS
+3.1/Non-farm productivity growth
+3.8/Non-farm output
+0.6/Non-farm hours worked
+5.4/Manufacturing productivity
+4.7/Manufacturing output
-0.6/Manufacturing hours worked
Source: Bureau of Labor Statistics/03 November 2011
“A bureaucrat is
an expensive
microchip.”
—Dan Sullivan, consultant and executive coach
G
N
R
enetics
anotechnology
obotics
Or: GRIN/ Genetics, Robotics, Information technology,
Nanotechnology
Or: NBIC/ Nanotechnology, Biotechnology, Information
technology, Cognitive science
A 15-Point Human Capital Development Manifesto
“Corporate social responsibility” starts at
home—i.e., inside the enterprise! MAXIMIZING
1.
GDD/Gross Domestic Development of the
workforce is the primary source of mid-term and
beyond growth and profitability—and maximizes
national productivity and wealth.
… no less than
Cathedrals
in which the full and
awesome power of the
Imagination and Spirit and
native Entrepreneurial flair
of diverse individuals is
unleashed in passionate
pursuit of … Excellence.
If the regimental commander lost most of his
2nd lieutenants and 1st lieutenants and captains
If he
lost his sergeants it
would be a
catastrophe. The Army and the
and majors, it would be a tragedy.
Navy are fully aware that success on the
battlefield is dependent to an extraordinary
degree on its Sergeants and Chief Petty
Officers. Does industry have the same
awareness?
In the Army, 3-star
generals worry about
training. In most
businesses, it's a “ho
hum” mid-level staff
function.
“Human creativity
is the ultimate
economic
resource.”
—Richard Florida
Why in the
World did you
go to Siberia?
An emotional, vital,
innovative, joyful, creative,
entrepreneurial endeavor that elicits
maximum
Enterprise* (*at its best):
concerted human
potential in the
wholehearted pursuit of
EXCELLENCE in
service of others.**
**Employees, Customers, Suppliers, Communities, Owners, Temporary partners
Excellence1982: The Bedrock “Eight Basics”
1.
2.
3.
4.
5.
6.
7.
8.
A Bias for Action
Close to the Customer
Autonomy and Entrepreneurship
Productivity Through People
Hands On, Value-Driven
Stick to the Knitting
Simple Form, Lean Staff
Simultaneous Loose-Tight
Properties”
MBWA
Managing By Wandering Around/HP
“The doctor
interrupts
after …*
*Source: Jerome Groopman, How Doctors Think
18 …
seconds!
[An obsession with] Listening is ... the ultimate mark
of
Listening
Listening
Listening
Listening
Listening
Listening
Listening
is
is
is
is
is
is
is
...
...
...
...
...
...
...
Listening
Listening
Listening
Listening
is
is
is
is
...
...
...
...
the heart and soul of Engagement.
the heart and soul of Kindness.
the heart and soul of Thoughtfulness.
the basis for true Collaboration.
the basis for true Partnership.
a Team Sport.
a Developable Individual Skill.* (*Though women
are far better at it than men.)
the basis for Community.
the bedrock of Joint Ventures that work.
the bedrock of Joint Ventures that grow.
the core of effective Cross-functional
Communication* (*Which is in turn Attribute #1 of
organizational effectiveness.)
[cont.]
Respect
.
Every meeting that
does not stir the imagination
and curiosity of attendees and
increase bonding and cooperation and engagement
and sense of worth and
motivate rapid action and
enhance enthusiasm is a
permanently lost opportunity.
Meeting:
XFX = #1*
*Cross-Functional eXcellence
“Personal relationships
are the fertile soil from
which all advancement,
all success, all
achievement in real
life grow.” —Ben Stein
% XF
lunches*
*
Measure!
Monthly! Part of
evaluation! [The PAs Club.]
Conveyance: Kingfisher Air
Location: Approach to New Delhi
“May I
clean your
glasses,
sir?”
<TGW
and …
>TGR
[Things Gone WRONG-Things Gone RIGHT]
TGRs.
Manage ’em.
Measure ’em.*
*I use “manage-measure” a lot. Translation: These are
not “soft” ideas; they are exceedingly important things
that can be managed—AND measured.
K=R=P
Kindness =
Repeat Business =
Profit.
"Let's not forget
that small
emotions are the
great captains of
our lives."
–—Van Gogh
Could It Be … ???
How to Win
Friends and
Influence
People
—Dale Carnegie
Customers describing their
service experience as
“superior”:
8%
Companies describing
the service experience they
provide as
“superior”:
80%
—Source: Bain & Company survey of 362 companies, reported in John DiJulius,
What's the Secret to Providing a World-class Customer Experience?
Design Rules!
APPLE market cap
> Exxon Mobil*
*August 2011
“Only one company
can be the cheapest.
All others must use
design.”
—Rodney Fitch, Fitch & Co.
Source: Insights, definitions of design, the Design Council [UK]
“Insanely Great”
Steve Jobs
“Radically thrilling”
BMW
“Forget China, India
and the Internet:
Economic Growth Is
Driven by
Women.”
Source: Headline, Economist
W>
2X (C + I)*
*“Women now drive the global economy. Globally, they control about $20
trillion in consumer spending, and that figure could climb as high as
$28 trillion in the next five
years
. Their $13 trillion in total yearly earnings could reach $18
trillion in the same period.
In aggregate, women represent a growth market bigger than China and
India combined—more than twice as big in fact. Given those numbers, it would be foolish to ignore or underestimate
the female consumer. And yet many companies do just that—even ones that are confidant that they have a winning
strategy when it comes to women. Consider Dell’s …”
Source: Michael Silverstein and Kate Sayre, “The Female Economy,” HBR, 09.09
“Headline 2020:
Women Hold
80 Percent of
Management and
Professional Jobs”
Source: The Extreme Future: The Top Trends That Will
Reshape the World in the Next 20 Years, James Canton
… this will be
the woman’s
century …
!!!!!!!!!!!!!!!!!
“People turning 50
more
than half of
today have
their adult life
ahead of them.”
—Bill Novelli,
50+: Igniting a Revolution to Reinvent America
44-65:
“New
Customer
Majority”
Source: Ageless Marketing, David Wolfe & Robert Snyder
$55B*
*IBM Global Services/
“Systems integrator of choice”
M
IB
to
B
I
M
“THE GIANT STALKING BIG OIL: How
Schlumberger Is
Rewriting the Rules of the Energy
Game.”: “IPM [Integrated Project
Management] strays from
[Schlumberger’s] traditional role
as a service provider and moves
deeper into areas once dominated
by the majors.”
Source: BusinessWeek cover story, January 2008
Huge: Customer
“Satisfaction with
product/Service”
versus
Customer
“Success”
“We made mistakes, of course. Most of them were
omissions we didn’t think of when we initially wrote the
software. We fixed them by doing it over and over, again
and again. We do the same today. While our competitors
are still sucking their thumbs trying to make the design
perfect, we’re already on prototype version
#5.
By
the time our rivals are ready with wires and screws, we
are on version
#10. It gets back to
planning versus acting: We act
from day one; others plan how
to plan—for months.”
—Bloomberg by Bloomberg
“Experiment
fearlessly”
Source: Bloomberg BusinessWeek, “Type A Organization Strategies:
Tactic #1
How to Hit a Moving Target”—
“relentless trial
and error”
Source: Wall Street Journal, cornerstone of effective approach to “rebalancing” company
portfolios in the face of changing and uncertain global economic conditions (11.08.10)
“Reward
excellent failures.
Punish mediocre
successes.”
—Phil Daniels, Sydney exec
Little =
Big carts =
Source: Walmart
“You will become
like the five people
you associate with
the most—this can
be either a blessing
or a curse.”
—Billy Cox
The “We are what we eat”/
“We are who we associate with”
Axiom: At its core, every (!!!)
relationship-partnership decision
(employee, vendor, customer, etc,
etc) is a strategic decision about:
“Innovate,
‘Yes’ or ‘No’ ”
14,000
20,000
14,000/eBay
20,000/Amazon
30/Craigslist
Kevin Roberts’ Credo
1. Ready. Fire! Aim.
2.
3.
4.
5.
6.
7.
8.
9.
If it ain’t broke ... Break it!
Hire crazies.
Ask dumb questions.
Pursue failure.
Lead, follow ... or get out of the way!
Spread confusion.
Ditch your office.
Read odd stuff.
10.
Avoid moderation!