LONG
Tom Peters’
EXCELLENCE.
ALWAYS.
World High Performance Forum
Art Institute/17 November 2006
The Irreducible209+
One Word+
The Cup Challenge
The Sales122
60TIBs
Tom-A-to,Tom-ah-to
HA.
HA.
HA.
HA.
HA.
HA.
HA.
HA.
HA.
HA.
HA.
HA.
“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
“Forbes100” from 1917 to
1987: 39 members of the Class of ’17 were
alive in ’87; 18 in ’87 F100; 18 F100 “survivors”
significantly underperformed the market;
just 2 (2%),
GE Kodak,
&
outperformed the market from 1917 to 1987.
Source: Dick Foster & Sarah Kaplan, Creative Destruction:
Why Companies That Are Built to Last Underperform the Market
“Ford, GM and Chrysler do
not just make cars
expensively … they make
bad cars expensively.”
—Investec
analyst, International Herald, 0805.06
Flat as a Pancake (Or Worse)
Wal*Mart … Dell …
Intel … Home Depot
… Microsoft … GE
The last
word:
There is
no last
word.
HA.
HA.
HA.
HA.
HA.
HA.
HA.
HA.
HA.
HA.
HA.
HA.
“It is generally much easier to
organization
kill an
than change it
substantially.”
—Kevin Kelly, Out of Control
Message/Implication: go for it!
C.E.O.
C.D.O.
to
EXCELLENCE.
ALL . YOU.
NEED. TO.
KNOW.
“20-minute
rule”
—Craig Johnson/30 yrs
EXCELLENCE.
ALL . YOU.
NEED. TO.
KNOW.
“A man
without a
smiling face
must not open
a shop.”
—Chinese Proverb
“The [Union senior] officers rode past
the Confederates smugly without any
sign of recognition except by one.
‘When General Grant reached
the line of ragged, filthy, bloody,
despairing prisoners strung out on
each side of the bridge, he lifted his
hat and held it over his head until he
passed the last man of that living
funeral cortege. He was the only
officer in that whole train who
recognized us as being on the
face of the earth.’*”
*quote from the diary of a Confederate soldier
EXCELLENCE.
ALL. YOU. NEED.
TO. KNOW.
ANYWHERE.
ANY MARKET.
ANY TIME.
7X. 730A800P.
F12A.*
*’93-’03/10
yr annual return: CB: 29%; WM: 17%;
HD: 16%. Mkt Cap: 48% p.a.
#1/100
“Best Companies to
Work for”/2005
EXCELLENCE.
ALL. YOU. NEED.
TO. KNOW.
ANYWHERE.
ANY MARKET.
ANY TIME.
Jim’s
Group
EXCELLENCE.
SIBERIA.
“Why in the
world did
you go to
Siberia?”
Raging Success =
P-SQUARED.
C. E-CUBED.
People.
Product.
Clients.
Execution.
Enthusiasm.
Excellence.
The older I
get the less
boring the
“basics”
become!
People.
Product.
Clients.
Execution.
Enthusiasm.
Excellence.
Resilience.
Relentless.
Senility.
Excellence1982: The Bedrock “Eight Basics”
1. A Bias for
Action
2. Close to the Customer
3. Autonomy and Entrepreneurship
4. Productivity Through
People
5. Hands On, Value-Driven
6. Stick to the Knitting
7. Simple Form, Lean Staff
8. Simultaneous Loose-Tight Properties”
“Why in the
world did
you go to
Siberia?”
An emotional,
vital, innovative, joyful,
creative, entrepreneurial
endeavor that elicits
maximum concerted human
potential in the
wholehearted service
of others.***
Business* ** (*at its best):
**Excellence. Always.
***Employees, Customers, Suppliers, Communities, Owners, Temporary partners
“To me business isn’t about
wearing suits or pleasing
stockholders. It’s about
being true to yourself,
your ideas and focusing on
the essentials.” —Richard Branson
“Pierson’s entire focus
was making airplanes.
Forgeard’s focus was
blurred by ambition . He
wanted to move up and
become co-chairman
of EADS.” —Newsweek, 1023.06
EXCELLENCE.
INNOVATE.
OR. DIE.
“It is not the
strongest of the
species that survives,
nor the most
intelligent, but the
one most responsive
to change.”
—Charles Darwin
EXCELLENCE.
INNOVATE.
ALL. WRONG.
More Than $$$$
R&D
spending,
last 25 years/USA?
“I don’t believe in economies of
You don’t get
better by being
bigger. You get
worse.”
scale.
—Dick Kovacevich/Wells Fargo
Flat as a Pancake (Or Worse)
Wal*Mart … Dell …
Intel … Home Depot
… Microsoft … GE
“When asked to name just one big
merger that had lived up to
expectations, Leon Cooperman,
former cochairman of Goldman Sachs’
Investment Policy Committee,
I’m sure there
are success stories
out there, but at this
moment I draw a blank.”
answered:
—Mark Sirower, The Synergy Trap
EXCELLENCE.
INNOVATE.
AXIOMATIC.
The Mess Is
the Message!
Period!
“We are in a
brawl with
no rules.”
—Paul Allaire
S.A.V.
EXCELLENCE.
INNOVATE.
TACTICS.
Try it. Try it. Try it
Try it. Try it. Try it
Try it. Try it. Try it
Try it. Try it. Try it
Try it. try it. Try it
Try it. try it. Try it
“This is so simple it sounds stupid, but it is amazing
how few oil people really understand that
you only find
oil if you drill
wells.
You may think you’re finding it
when you’re drawing maps and
studying logs, but you have to drill.”
Source: The Hunters, by John Masters, Canadian O & G wildcatter
“We have a
‘strategic plan.’
It’s called doing
things.”
— Herb Kelleher
“Experiment
fearlessly”
Source: BW0821.06, Type A Organization Strategies/
“How to Hit a Moving Target”—Tactic #1
“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
“We ground
up more pig
brains!”
READY.
FIRE!
AIM.
Ross Perot (vs “Aim! Aim! Aim!” /EDS vs GM/1985)
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”
“You miss 100
percent of the
shots you never
take.”
—Wayne Gretzky
tolerate
[encourage?]
failure
Sam’s
Secret
#1!
“Reward
excellent failures.
Punish mediocre
successes.”
Phil Daniels, Sydney exec
Bonus
Think!
vs.
do!
Tom peters
27 October 2006
Speed.
Tempo.
is-it.
We all live in
Dell-Wal*MarteBay-Google
World!
FedEx
Economy”
“the
—headline/New York Times/10.08.05
Anything/
Anywhere/
Anytime
“Any3”:
Wal*Mart (!)
& Katrina
“We don’t sell
insurance anymore.
We sell
speed.”
Peter Lewis, Progressive
“UPS used to be a trucking company
Now it’s
a technology
company with
trucks.”
with technology.
—Forbes
“Our entire facility is
digital. No paper, no film, no medical
records. Nothing. And it’s all integrated—from the lab
to X-ray to records to physician order entry. Patients
don’t have to wait for anything. The information from
the physician’s office is in registration and vice versa.
The referring physician is immediately sent an email
telling him his patient has shown up. … It’s wireless
in-house. We have 800 notebook computers that are
wireless. Physicians can walk around with a
computer that’s pre-programmed. If the physician
wants, we’ll go out and wire their house so they can
sit on the couch and connect to the network. They
can review a chart from 100 miles away.” —David
Veillette, CEO, Indiana Heart Hospital
(HealthLeaders/12.2002)
Quality (100K+ deaths)
“Evidence/Outcomesbased” medicine
IS/IT-in-health(care) revolution
Wellness/Prevention
Health“care” to Health “culture” transformation
Wash your hands!
Home-care (as the population rapidly ages)
Med-school re-orientation
“Public health” emphasis
Childhood Obesity
Mind-boggling (15 years?) social-moral-technological
impact of life sciences (“the Singularity”?)
H5N1/WMDs/Environmental degradation
Risk assessment (private, public)
Market opportunity
Public vs/+ Private responsibilities & partnerships
Africa!
(Unconscionable failure to attend to/staggering Health consequences for all)
Welcome to the Homer Simpson Hospital
a/k/a
The Killing
Fields
2 38
m
s
Grunge Removal 101
Ellie Mae
email from … JUDITH SINNARD
(smarteplans.com): Judith has a “little”
idea. She provides eServices to the
Houston real estate community. She
measures rooms at a MLS home,
provides at a Click dimensions thereof …
as well as photos of each room.
Little deal? Big deal? The average
days-on-market for one of “her” homes
was 33 last year, compared to the
average of 82 days. “Little” idea. Big
industry! Big difference!
Wikinomics:
How Mass
Collaboration
Changes
Everything
by: Don Tapscott & Anthony Williams
Portal!
Conversations!
Collaboration!
New value!
Power Tools
For Power
Strategies
Sysco!
Go for the Bold
* Bold/Aggressive/$$$$
* Bold/GameChanger
* Bold/Creative Destruction
* Bold/“Cool” Supplier Portfolio
* Bold/Web Fanaticism
Productivity!
McKesson 2003-2004:
Revenue … +$7B
Employees … +500
Source: USA Today
“ebusiness is about
rebuilding the
organization from the
ground up. Most companies today
are not built to exploit the Internet. Their
business processes, their approvals, their
hierarchies, the number of people they
employ … all of that is wrong for running
an ebusiness.” —Ray Lane, Kleiner Perkins
“There’s a fundamental shift
in power happening.
Everywhere, people are
getting together and, using
the Internet, disrupting
whatever activities they’re
involved in.” —Pierre Omidyar, founder, eBay
re-imagine the
“value added”
equation
Up,
Up,
Up,
Up
the Value-added Ladder.
The “Value-added Ladder”
Services/Transactions
Manufactured Goods/Things
Extracted Raw Materials
The [NEW] “Value-added Ladder”
Gamechanging Solutions/
Implemented Customer
culture change & success
Services/Transactions
Manufactured Goods/Things
Extracted Raw Materials
“ ‘Disintermediation’ is overrated. Those who fear
disintermediation-outsourcing should in fact be
afraid of irrelevance; ‘outsourcing’ is just another
you’ve
become irrelevant to
your customers.”
way of saying that …
—John Battelle/Point/Advertising Age/07.05
“support function” /
“cost center”/
“overhead”
or …
Are you …
“Rock
Stars of the
Age of
Talent”
Department Head
to …
Managing
Partner,
IS Inc.
[HR, R&D, etc.]
Core Mechanism:
“Game-changing Solutions”
PSF
(Professional Service Firm “model”/The Organizing Principle)
+
Brand You
(“Distinct” or “Extinct”/The Talent)
+
Wow! Projects
(“Different” vs “Better”/The Work)
Big Idea:
“Corporation” as
Mega-“PSF”
(Professional Service
Firm*)
* “Virtual” Collection of Entrepreneurially-minded
Professionals (“Talent”/“Roster”) Creating/Applying
Intellectual Capital (“Work Product”)
“Technology
Executive” (workin’ in a hospital)
HCare CIO:
Full-scale,
Accountable (life or death)
Member-Partner of XYZ
Hospital’s Senior
Or/to:
Healing-Services
Team
(who happens to be a techie)
UniCredit Group/UniCredito Italiano
—3rd party measurement
—Customer-initiated
measurement
—Primary $$$$ incentives
—“Factories”
—Primary Corporate Initiative
—Etc
“Experiences
are as distinct
from services as
services are from
goods.”
—Joe Pine & Jim Gilmore, The Experience Economy:
Work Is Theatre & Every Business a Stage
Experience: “Rebel Lifestyle!”
“What we sell is the
ability for a 43year-old accountant
to dress in black
leather, ride through
small towns and have
people be afraid
of him.”
Harley exec, quoted in Results-Based Leadership
The [NEW] “Value-added Ladder”
spellbinding Experiences
Gamechanging Solutions
Services
Goods
Raw Materials
EXCELLENCE.
EXPERIENCE.
BONUS.
Thank
You!
FLOWER
POWER
“Courtesies of a small and
trivial character are the
ones which strike
deepest in the grateful
and appreciating heart.”
—Henry Clay
Jim Jeffords
oversight!
The …
THE PROBLEM IS RARELY
THE PROBLEM. THE
RESPONSE TO THE
PROBLEM INVARIABLY
ENDS UP BEING THE
REAL PROBLEM.
Relationships
THERE
ONCE WAS A TIME WHEN A
THREE-MINUTE PHONE CALL
WOULD HAVE AVOIDED
SETTING OFF THE DOWNWARD
SPIRAL THAT RESULTED IN A
COMPLETE RUPTURE.
(of all varieties)
:
“WHY NOT
JUST TELL
THE TRUTH?”
—Raymond Carver
Up,
Up,
Up,
Up
the Value-added Ladder.
Furniture vs. Dreams
“We do not sell ‘furniture’ at Domain.
We sell dreams. This
is accomplished by addressing the
half-formed needs in our customers’
heads. By uncovering these needs,
we, in essence, fill in the blanks. We
convert ‘needs’ into
‘dreams.’ Sales are the
inevitable result.”
— Judy George,
Domain Home Fashions
Dream Merchant:
IBM
The [NEW] “Value-added Ladder”
dreams come true
spellbinding Experiences
Gamechanging Solutions
Services
Goods
Raw Materials
Tattoo Brand: What %
of users would tattoo the
brand name on their body?
Top 10 “Tattoo Brands”*
Harley .… 18.9%
Disney .... 14.8
Coke …. 7.7
Google .... 6.6
Pepsi .... 6.1
Rolex …. 5.6
Nike …. 4.6
Adidas …. 3.1
Absolut …. 2.6
Nintendo …. 1.5
*BRANDsense: Build Powerful Brands through Touch,
Taste, Smell, Sight, and Sound, Martin Lindstrom
Up,
Up,
Up,
Up
the Value-added Ladder.
The Value-added Ladder/ ECSTASY
Lovemark
Dreams Come True
Spellbinding Experiences
Gamechanging Solutions
Services
Goods
Raw Materials
[totally] re-imagine
the business around
the two staggering
“new” opportunities
women.
BOOMERS.
GEEZERS.
The Copenhagen (Self) Pact re “This Topic”:
*Early!
*Loud!
*Repetitive!
*Aggressive!
*Unfriendly!/rude!/
insulting!
women
“Forget China,
India and the
Internet: Economic
Growth Is Driven
by
Women.”
—Headline,
Economist, April 15, 2006, Leader, page 14
Women’s Trifecta+
*Buy
*Wealth
*Lead
+ECLIPSE
OF MALES
(Old/Retire; Young/Poorly educated)
Women’s Trifecta+
*Buy/all
*Wealth/all
*Lead/ better
+Eclipse of males/whoops
(Retire-old/Poorly educated-young)
1. Women’s CONSUMER GOODS purchases.
2. Women’s COMMERCIAL GOODS purchases.
3. WOMEN ARE THE MARKET. Not an “initiative.”
4. Women-owned BUSINESSES (absolute #s,
acceleration, relative growth).
5. Women’s “brand” of LEADERSHIP SKILLS.
6. women’s strengths match needs of the new
“value-added ladder.”
7. Women’s DRAMATICALLY INCREASING-commanding
WEALTH—absolute, relative. (Jobs. Longevity.
Education. Entrepreneurial. Decline of BOYS. Retirement of
MEN/Senior MEN.)
8. DEMOGRAPHIC TSUNAMI. WOMEN. Women as
solo HEADs-OF-HOUSEHOLD. THE WOMaNBOOMER-GEEZER. LOoooNG-TERM PHENOMENON.
Global phenomenon.
9. SPEED of “change.” mother of all “megatrends.”
1. Participation rate/2 of 3 new jobs, last
30 years.
2. Male workforce departures/SENIOR male
workforce departures.
3. Shrinking pay gap/same jobs.
4. More senior positions. Greater decisionmaking/expenditure/org design authority.
More line jobs.
5. Female solo head-of-household growing.
6. Longevity.
7. Education.
8. More effective money management.
Not. Yet. Done.*
Loyalty programs: M F “Difference” = Yawning gap (173+ degrees)
Forced to do it: e.g., a division aimed at Boomer Women …
Exclusively.
Just say no to “trickle up”: Why have the 5% chase the 95%?)
Men think they’re doing their share (helping, sure, but the buck
stops with her); busy, busy, busy—think Jim’s Group)
New forms of living together, playing together as aging proceeds
(“commune”, Beacon Hill Assn, telemedicine, etc, etc, etc.)
“Grab ’em early & keep ’em”: Total Unmitigated Crap
(TP: 100% brand switch. 100%.)
“They didn’t take it seriously” —German bank exec, Bonn, F
This is not a $%^&ing “program.” This is “NEW Life 101.” This
is Soooo Big it Staggers the Imagination. (Will be paramount
“trend” for 20 years.)
*The Copenhagen Pact
“Women are
the majority
market”
—Fara Warner/The Power of the Purse
“Idiot” is
too kind a
word.
“That’s a very
diverse* team.”
—Patrick Cescau, CEO, Unilever**
*1 of 14 Board of Directors members is a woman
(not an exec); 2 of 7 Exec Team members
are … Indians. (Source: FT/24-25 June.)
**Approximately
85%
products are purchased by … women.
of Unilever’s
“That’s a
VERY
diverse team.”
—Patrick Cescau, CEO, Unilever* **
*1 of 14 Board of Directors members is a woman
(not an exec); 2 of 7 Exec Team members
are … Indians. (Source: FT/24-25 June.)
**Approximately 85% of Unilever’s products
are purchased by … women.
“That’s a
VERY
man.”
—Tom Peters
sick
Good Thinking, Guys!
“Kodak Sharpens Digital Focus
On Its Best Customers:
Women”
—Page 1 Headline/WSJ/0705
EXCELLENCE.
FOUND.
DUH.
“To be a leader in
consumer products,
it’s critical to have
leaders who
represent the
population we serve.”
—Steve Reinemund/PepsiCo
“Women are
the majority
market”
—Fara Warner/The Power of the Purse
The Perfect Answer
Jill and Jack buy
slacks in black…
“She
knows more about the
[Volvo] than the salesman who greets
her at the door. But how is she
treated? As if she has a low IQ , is
slightly hard of hearing , and really
has no right to be buying a luxury
car; and if she brought a male friend
with her, odds are 10:1 that the
clueless salesperson spent most of
his time speaking to him .”
—Selling to Men, Selling to Women, Jeffery Tobias Halter
“Women don’t buy
They
join them.”
brands.
EVEolution
Selling to men:
The
TRANSACTION Model
Selling to Women:
The
RELATIONAL Model
Source: Selling to Men, Selling to Women, Jeffery Tobias Halter
“Women come out better
on almost every count as
investors … They are less likely to
hold a losing investment too long, and
less likely to wait too long to sell a
winner; they’re also less likely to put too
much money into a single investment or
to buy a reputedly hot stock without
doing sufficient research.”
Source: The Merrill report: “When It Comes to Investing,
Gender A Strong Influence on Behavior.”/Atlantic
1. Men and women are different.
2. Very different.
3. VERY, VERY DIFFERENT.
4. Women & Men have a-b-s-o-l-u-t-e-l-y
nothing in common.
5. Women buy lotsa stuff.
6. WOMEN BUY A-L-L THE STUFF.
7. Women’s Market = Opportunity No. 1.
8. Men are (STILL) in charge.
9. MEN ARE … TOTALLY, HOPELESSLY
CLUELESS ABOUT WOMEN.
10. Women’s
Market =
Opportunity
No. 1.
“Goldman Sachs in Tokyo has developed
an index of 115 companies poised
to benefit from women’s
increased purchasing power ;
over the past decade the value of
shares in Goldman’s basket has risen
96%, against the Tokyo
stockmarket’s rise of 13%.”
by
—Economist, 15 April 2006
P-l-e-a-s-e Read …
Fara Warner:
The Power of
the Purse
Cases! Cases! Cases!
McDonald’s (“mom-centered” to “majority consumer”; not
via kids)
Home Depot (“Do it [everything!] Herself”)
P&G (more than “house cleaner”)
DeBeers (“right-hand rings”/$4B)
AXA Financial
Kodak (women = “emotional centers of the household”)
Nike (> jock endorsements; new def sports; majority consumer)
Avon
Bratz (young girls want “friends,” not a blond stereotype)
Source: Fara Warner/The Power of the Purse
12.2002: $-344M
*International
*Build
*Men & Children
Source: Fara Warner, The Power of the Purse,
“From Minority to Majority: McDonald’s Discovers
the Woman Inside the Mom”
“Mostly Moms”
“Women were either ignored
in favor of focusing on men—
generally considered the
industry’s most frequent
users and therefore its most
important consumers—or they
were cast in the role of moms
who were simply conduits to
their children.” —Fara Warner, The Power of
the Purse, “From Minority to Majority: McDonald’s Discovers
the Woman Inside the Mom”
“We simply had
stopped being
relevant to women.”
—Kay Napier, SVP Marketing (Fara Warner, The Power of the
Purse, “From Minority to Majority: McDonald’s Discovers the
Woman Inside the Mom”)
“Women [in women-only focus groups]
told us that all moms are
women, but not all women
are moms—so why weren’t
we trying to reach all
women? We realized we
should be finding the woman
inside the mom.” —Carol Koepke,
marketing director (Fara Warner, The Power of the Purse,
“From Minority to Majority: McDonald’s Discovers the
Woman Inside the Mom”)
“McDonald’s shifted its strategy
toward women from one of
‘minority’ consumers who served as
a conduit to the important
children’s market to one in which
women are the company’s majority
consumers and the main driver
behind menu and promotion
innovation.” —Fara Warner,
The Power of the Purse, “From Minority to Majority:
McDonald’s Discovers the Woman Inside the Mom”
New! New! New! New! New!
Women’s
magazines
[“a medium that
McDonald’s had rarely used”]
Source: Fara Warner, The Power of the Purse,
“From Minority to Majority: McDonald’s Discovers
the Woman Inside the Mom”
“Forget China,
India and the
Internet: Economic
Growth Is Driven
by
Women.”
—Headline, Economist, April 15, 2006, Leader, page 14
“The growth and
success of womenowned businesses is
one of the most
profound changes
taking place in the
business world
today.” —
Margaret Heffernan, How She Does It
U.S. firms owned or controlled by Women:
10.6 million (48% of all firms)
Growth rate of Women-owned firms vs all
firms: 3X
Rate of jobs created by Women-owned firms
vs all firms: 2X
Ratio of total payroll of Women-owned firms
vs total for Fortune500 firms: >1.0
Ratio of likelihood of Women-owned firms
staying in business vs all firms: >1.0
Growth rate of Women-owned companies
with revenues of >$1,000,000 and >100
employees vs all firms: 2X
Source: Margaret Heffernan, How She Does It
94%
of loans to …
women*
*Microlending; “Banker to the poor”; Grameen Bank;
Muhammad Yunus; 2006 Nobel Peace Prize winner
“Economic Growth
Is Driven by …
Women.”
—Headline,
Economist, April 15, 2006, Leader, page 14
Impact! Add It Up!
Primary markets/Everything
(“Men buy
things that other men will buy for women. I buy things that women want.”—
successful jeweler/F. “Women are the majority market” —Fara Warner/The
Power of the Purse. Women as Purchasing Officers, CIOs, etc.)
Greater global workforce
participation rate (“bigger contributor to GDP
growth than technology, China, India”—Economist)
Higher wages
(more seniority, promotions—even if not to
CEO; greater pay equity—even if not equal)
Business “decision makers”
(more
seniority, promotions—even if not to CEO)
Women-owned businesses
(answer to the
Glass Ceiling—10.6M in USA; recipients of “micro-lending”—developing
world)
10 UNASSAILABLE REASONS WOMEN RULE
Women make [all] the financial decisions.
Women control [all] the wealth.
Women [substantially] outlive men.
Women start most of the new businesses.
Women’s work force participation rates have
soared worldwide.
Women are closing in on “same pay for same
job.”
Women are penetrating senior ranks rapidly
[even if the pace is slow for the corner
office per se].
Women’s leadership strengths are exceptionally well
aligned with new organizational effectiveness &
value-added imperatives.
Women are better salespersons than men.
Women buy [almost] everything—commercial
as well as consumer goods.
So what exactly is … the point of men?
“One thing is certain: Women’s rise to power,
which is linked to the increase in wealth per
capita, is happening in all domains and at all
levels of society. Women are no longer content
to provide efficient labor or to be consumers
with rising budgets and more autonomy to
spend. … This is just the beginning. The
phenomenon will only grow as girls prove to be
more successful than boys in the school
For a number of observers, we
have already entered the age of
‘womenomics,’ the economy as
thought out and practiced by a
woman.” —Aude Zieseniss de Thuin, Financial Times, 10.03.2006
system.
“Since 1970, women
have held two
out of every
three new jobs
created.”
—FT, 10.03.2006
1. Participation rate/2 of 3 new jobs, last
30 years.
2. Male workforce departures/SENIOR male
workforce departures.
3. Shrinking pay gap/same jobs.
4. More senior positions. Greater decisionmaking/expenditure/organization
design authority. More line jobs.
5. Female solo head-of-household growing.
6. Longevity.
7. Education.
8. More effective money management.
“AS
LEADERS,
WOMEN
RULE:
New Studies find that
female managers outshine their male
counterparts in almost every measure”
Title, Special Report/BusinessWeek
Women’s Strengths Match New
Economy Imperatives: Link [rather than rank]
workers; favor interactive-collaborative leadership
style [empowerment beats top-down decision
making]; sustain fruitful collaborations; comfortable
with sharing information; see redistribution of power
as victory, not surrender; favor multi-dimensional
feedback; value technical & interpersonal skills,
individual & group contributions equally; readily
accept ambiguity; honor intuition as well as
pure “rationality”; inherently flexible; appreciate
cultural diversity. —Judy B. Rosener,
America’s Competitive Secret: Women Managers
Women’s Negotiating Strengths
*Ability to put themselves in their
counterparties’ shoes
*Comprehensive, attentive and detailed
communication style
*Empathy that facilitates trust-building
*Curious and attentive listening
*Less competitive attitude
*Strong sense of fairness and ability to persuade
*Proactive risk manager
*Collaborative decision-making
Source: Horacio Falcao, Cover story/May 2006, World Business, “Say It
Like a Woman: Why the 21st-century negotiator will need the female touch”
New (4 of 7) Value-added “Ladder”:
Plays to Women’s Inherent Strengths!
Lovemark/F
Dreams Come True/F
Spellbinding Experiences/F
Gamechanging Solutions/F
Services/F
Goods/M
Raw Materials/M
“TAKE THIS QUICK QUIZ: Who manages more things
at once? Who puts more effort into their
appearance? Who usually takes care of the
details? Who finds it easier to meet new
people? Who asks more questions in a
conversation? Who is a better listener? Who
has more interest in communication skills?
Who is more inclined to get involved? Who
encourages harmony and agreement? Who has
better intuition? Who works with a longer ‘to
do’ list? Who enjoys a recap to the day’s
events? Who is better at keeping in touch
with others?”
Source: Selling Is a Woman’s Game: 15 Powerful Reasons Why
Women Can Outsell Men, Nicki Joy & Susan Kane-Benson
boomersgeezers
Subject: Marketers & Stupidity
“It’s 18-44,
stupid!”
Subject: Marketers & Stupidity
Or is it:
“18-44 is
stupid, stupid!”
“One particularly puzzling category of youthobsession is the highly coveted target of men
18-34, and it’s always referred to as ‘highly
coveted category.’ Marketers have been
distracted by men age 18-34 because they are
getting harder to reach. So what? Who wants
to reach them? Beyond fast food and beer, they
don’t buy much of anything. … The theory is
that if you ‘get them while they’re young,
What
nonsense!”
they’re yours for life.’
—Marti Barletta, PrimeTime Women
2000-2010 Stats
18-44: -1%
55+: +21%
(55-64:
+47%)
!!!!!!!!!!!!!!!!!
“People turning 50
today have more
than half of their
adult life ahead of
them.”
—Bill Novelli, 50+: Igniting a Revolution
to Reinvent America
BoomerBucks!
Boomer turns 50: every 7 seconds. 2009: majority of
U.S. households headed by someone over 50. 20062016: U.S. population up 22.9 million; 22.1 million in
over-50 group. 2006: 1 in 5 adults is F, over 50.
Women between 50-70 who are single: 35%. Age
45-54: highest average income, $59, 021 (national
average is $42,209). FASTEST GROWING INCOME
CATEGORY: WOMEN, 55-64 (4X men in same
category). Women, age 60-64: 50% still in
workforce. Highest net worth: families, 55-64
($182,000). People over 50: 70% to 79% of all
financial assets; 80% of all savings accounts; 62% of
all large Wall Street asset accounts; 66% of $$
invested in the stock market. Age 50+: 29% of
population, 40% of total consumer spending, 50% of
discretionary spending. Next 2 decades: BOOMERS
WILL INHERIT $14 TRILLION-$25 TRILLION (“largest
intergenerational transfer of wealth in history”).
—Marti Barletta, PrimeTime Women
Average # of cars purchased per
household, “lifetime”:
13
Average # of cars bought per household
after the “head of household” reaches age
50:
7
Source: Marti Barletta, PrimeTime Women
3Q/2006.
$312M. (+18%.)
$1.6B. (+14%.)
Source: BusinessWeek, 1106.06, “Harley Just Keeps on
Cruisin’: Aging customers? Sure. Nostalgia brand? Definitely.
So why is the stock at a record high?”
“Fifty-four years of age has been
the highest cutoff point for any
marketing initiative I’ve ever been
involved in. Which is pretty weird
when you consider age 50 is right
about when people who have
worked all their lives start to have
some money to spend.” —Marti Barletta,
PrimeTime Women
Median Household Net Worth
<35: $7K
35-44: $44K
45-54: $83K
55-64: $112K
65-69: $114K
70-74: $120K
>74: $100K
Source: U.S. Census
44-65:
“New
Customer
Majority” *
*45% larger than 18-43; 60% larger by 2010
Source: Ageless Marketing, David Wolfe & Robert Snyder
“The New Customer
Majority is the only adult
market with realistic
prospects for significant
sales growth in dozens of
product lines for
thousands of companies.”
—David Wolfe & Robert Snyder, Ageless Marketing
“Baby-boomer
Women: The
Sweetest of
Sweet Spots for
Marketers”
—David Wolfe and Robert
Snyder, Ageless Marketing
Magazine of the
Year*: More
Source: Advertising Age, 1023.2006, “‘More’
Taps Power of 40-plus to Draw Advertisers in
Droves” (“More is breaking through
advertisers’ irrational obsession with
20-somethings …”)
Boomers’-Geezers’-Women’s Trifecta+
*Buy/all
*Wealth/all
*time left/ lots
*Eclipse of males/retire-die
BONUS.
EXCELLENCE.
OPPORTUNITY.
ENORMOUS.
GENERIC DEMOGRAPHIC
TSUNAMI.
(UNPRECEDENTED IN HISTORY.)
Demographic Upheaval!
1/1/2008: 60% of the Prime Work Force
(“boomers”), mostly white males, will be able
to retire—at a rate of
10,000 per day.
As of 2005: 75% of people entering the
workforce are women and minorities. As of
“flood the
management ranks” as the
2008, they will
PWF retires.
Programs for recruiting women and minorities
with the necessary intensity: mostly AWOL.
Selling to Men, Selling to Women, Jeffery Tobias Halter
We become
who we spend
time with!
Measure “Strangeness”/Portfolio Quality
Staff
Consultants
Vendors
Out-sourcing Partners (#, Quality)
Innovation Alliance Partners
Customers
Competitors (who we “benchmark” against)
Strategic Initiatives
Product Portfolio (LineEx v. Leap)
IS/IT Projects
HQ Location
Lunch Mates
Language
Board
“The
Bottleneck Is at
the Top of the Bottle”
“Where are you likely to find people with the least diversity of
experience, the largest investment in the past, and the greatest
reverence for industry dogma:
At the top!”
— Gary Hamel/Harvard Business Review
EXCELLENCE.
1966. 2006.
De-centralization
execution
accountability
6:15a.m.
De-centralization
execution
accountability
6:15a.m.
“‘Decentralization’
is not a piece of
paper. It’s not me.
It’s either in your
heart, or not.”
—Brian Joffe/BIDvest
“If if feels
painful and
scary—that’s
real delegation”
—Caspian Woods, small biz owner
De-centralization
execution
accountability
6:15a.m.
“Execution is
the job of the
business
leader.”
—Larry Bossidy & Ram
Charan/ Execution: The Discipline of Getting Things Done
“Execution is a
systematic
process
of rigorously
discussing hows and whats, tenaciously
following through, and ensuring
accountability.”
—Larry Bossidy & Ram Charan/ Execution:
The Discipline of Getting Things Done
“Never forget
implementation
boys. In our work
it’s what I call the
‘missing 98 percent’
of the client
puzzle.”
—Al McDonald
“The first 90% of a
project takes 90% of
the time. The last 10%
takes the other 90% of
the time.”
—Richard Templar,
The Rules of Management
De-centralization
execution
accountability
6:15a.m.
“GE has set a standard
of candor. … There is no
puffery. … There isn’t
an ounce of denial in
the place.”
—Kevin Sharer, CEO Amgen,
on the “GE mystique” (Fortune)
De-centralization
execution
accountability
6:15a.m.
De-centralization
execution
accountability
6:15a.m.
Think!
vs.
do!
“Never forget
implementation , boys.
In our work, it’s what I
call the ‘last 98
percent’ of the client
puzzle.”
—Al McDonald, former Managing
Director, McKinsey & Co, to a project team that included TP
Plan it!
“Non-linearist”: Try it!
“Linearist”:
think!
“Non-linearist”: do!
“Linearist”:
“Linearist”:
hypothesize!
“Non-linearist”:
experiment!
failure =
unnecessary
“Linearist”:
“Non-linearist”:
failure = life
deliberate!*
“Non-linearist”: relentless!**
“Linearist”:
* “Do it right the first time” (Hero: Phil Crosby)
**Never retreat (Hero: U.S. Grant)
“Linearist”:
logical!
“Non-linearist”:
passionate!
give me
genius!
“Non-linearist”: give me
luck!
“Linearist”:
spotless
academic
record!
“Non-linearist”: a.d.d.
“Linearist”:
measured
pace!
“Non-linearist”: hypomanic!
“Linearist”:
think! Plan!
(r.a.f.*)
“Non-linearist”: Try it!
Screw it up! Fix it!
Try it again! (r.f.a.**)
“Linearist”:
*Ready. Aim. Fire.
**ready. Fire. Aim. (Or, circa 2006: fire. Fire. Fire.)
Cheap Shot
minimize cost.
“Non-linearist”: maximize
revenue.
“Linearist”:
marketing
rules.
“Non-linearist”: sales
rules.
“Linearist”:
“Linearist”
Background:
planning, marketing &
finance.
“Non-linearist”
background:
sales & operations.
“Linearist”
office: walls.
“Non-linearist”
office: none.
“Linearist”
style: meetings +
PowerPoints.
“Non-linearist”
Style: MBWA +
whiteboards
*Managing by wandering around
“Linearist”
reads: michael porter.
Peter drucker.
“Non-linearist”
reads: carl hiaasen.
Tom clancy.**
“Linearist”
reads: michael porter.
Peter drucker.
“Non-linearist”
reads: doesn’t
“Linearist”
preferred football
score: 3-0.
“Non-linearist”
preferred football
score: 41-38.
“Linearist”
criminal record: none.
“Non-linearist”
criminal record:
speeding.
disorderly conduct.
Public nuisance.
do!
(Addendum!)
“Action is the
foundational
key of all
success.”
—Picasso
Translating Picasso
“Doing something
is the key to
getting something
done.”
In Search of
—TP (Co-author,
Excellence, first “Basic”: “A BIAS FOR ACTION”)
“The secret of
getting ahead
is getting
started.” —
Agatha Christie
“A year from now
you may wish
You had
started today.”
—Karen Lamb
“The secret to having
good ideas is to have a
lot of ideas, then
throw the bad ones
away.” —Linus Pauling
“Intelligent people
can always come up
with intelligent
reasons to do
nothing.”
—Scott Simon
A man approached JP Morgan, held up an envelope, and said,
“Sir, in my hand I hold a guaranteed formula for success, which I will
gladly sell you for $25,000.”
“Sir,” JP Morgan replied, “I do not know what is in the envelope,
however if you show me, and I like it, I give you my word as a
gentleman that I will pay you what you ask.”
The man agreed to the terms, and handed over the envelope.
JP Morgan opened it, and extracted a single sheet of paper.
He gave it one look, a mere glance, then handed the piece of paper
back to the gent.
And paid him the
agreed-upon $25,000 …
1. Every morning, write a
list of the things that
need to be done that
day.
2.
Do them.
“One of my superstitions had
always been when I started to
go anywhere or to do
not to
turn back , or
anything,
stop, until the thing intended
was accomplished.” —Grant
“It’s always
showtime.”
—David D’Alessandro, Career Warfare
EXCELLENCE.
BEDROCK.
TALENT.
Hire very
good
people!
“We believe companies can increase their market cap
50 percent in 3 years. Steve Macadam at Georgia-
changed 20 of his
40 box plant managers
to put more talented,
higher paid managers in
charge. He increased profitability from
Pacific …
$25
million to
$80
million in
—Ed Michaels, War for Talent
2
years.”
INVITE THEM TO
JOIN US IN A
JOURNEY TO
EXCELLENCE!
“In the end, management
doesn’t change culture.
Management
invites
the workforce itself to
change the culture.”
—Lou Gerstner
“The role of the Director is to
create a space where the
actor or actress can become
more than they’ve
ever been before, more
than they’ve dreamed
of being.”
—Robert Altman, Oscar
acceptance
EMPHASIZE
THE “SOFT
SKILLS.”
A Few “Talent Lessons” from the Arts
Each hired and developed and inspired and evaluated in
unique ways (23 contributors = 23 unique contributions = 23 pathways =
23 distinct personalities = 23 sets of motivators)
Attitude/Enthusiasm/Energy paramount!
Re-lent-less!!!!!!!!!!!
“Peculiar” = requisite (Each expected to make
unique/“peculiar” contribution)
“Practice is cool” (Practice stars = Performance stars. See
George Leonard’s Mastery; Twyla Tharp’s The Creative Habit)
Team and Individual equally cherished
Aspire to EXCELLENCE = Obvious (Excellence = Cool))
Ex-e-cu-tion
Talent = Brand = Duh
“The Project” rules
Emotional language Okay
“Bit players”? No! (All = Vital)
Standard = B.I.W. (Best. In. World.)
Different events = Different rosters (Duh.)
PUT HR AT THE
HEAD OF THE
HEAD TABLE.
DD$21M
A review of Jack and Suzy Welch’s Winning claims there are but
two key differentiators that set GE “culture” apart from the herd:
First: Separating financial forecasting and performance
measurement. Performance measurement based, as it usually is, on budgeting
leads to an epidemic of gaming the system. GE’s performance measurement is
divorced from budgeting—and instead reflects how you do relative to your past
performance and relative to competitors’ performance; i.e., it’s about how you
actually do in the context of what happened in the real world, not as compared to a
gamed-abstract plan developed last year.
Putting HR on
a par with finance
and marketing.
Second:
LIVE FOR
TALENT!
Our Mission
To develop and manage talent;
to apply that talent,
throughout the world,
for the benefit of clients;
to do so in partnership;
to do so with profit.
WPP
SO YOU’RE A
“PEOPLE
PERSON”?
PROVE IT.
PARC’s Bob Taylor:
“Connoisseur
of Talent”
Brand =
Talent.
EXCELLENCE.
BEDROCK.
LEADERSHIP.
“People want to be part of
something larger than
themselves. They want to be
part of something they’re
really proud of, that they’ll
fight for, sacrifice for ,
trust.”
—Howard Schultz, Starbucks (IBD/09.05)
“I never, ever thought
of myself as a
businessman. I was
interested in
creating things I
would be proud
of.”
—Richard Branson
“Nothing is so
contagious as
enthusiasm.”
—Samuel Taylor Coleridge
“Most important,
upped the
energy level at
he
Motorola.”
—Fortune on Ed Zander/08.05
“You must
be
the change you
wish to see in the
world.”
Gandhi
“The First step in a
‘dramatic’
‘organizational change
program’ is obvious—
dramatic personal
change!” —RG
Relentless: “One of
my superstitions had always been
when I started to go anywhere or
not to
turn back , or stop,
to do anything,
until the thing intended was
accomplished.” —Grant
“Success seems to be
largely a matter
of hanging on
after others have
let go.”
—William Feather, author
‘do’
“Leaders
people.
Period.”
—Anon.
PURPOSE.
PASSION.
Presence.
Personal.
PERSISTENCE.
PEOPLE.
You only
find oil if
you drill
wells.
—The Hunters, by John Masters,
Canadian O & G wildcatter
EXCELLE
ALWAYS
EXCELLENCE.
ALWAYS.
Lists.
The Irreducible209+
One Word+
The Cup Challenge
The Sales122
60TIBs
Tom-A-to,Tom-ah-to
The Irreducible209
A frustrated participant at a seminar for investment bankers in
Mauritius listened impatiently to my explanation of differences of
opinion among me, Mike Porter, Gary Hamel, Jim Collins, etc. Finally,
“What, if
anything,” he asked,
“do you believe ‘for
sure’?”
he’d had enough.
I mumbled something, but his query started
rumbling around in my mind. Three days later, wandering on a
Sunday in London, the idea of “the irreducibles” occurred to
me—and I started jotting down notes on stuff I do indeed believe “for
sure.” Before I knew it, a few days later, the list had grown to
209
items. Hence “The Irreducible209” that follows.
Tom Peters
1.
2.
3.
4.
Hare 1, Tortoise 0. (Hare-y times.)
Tempo. (O.O.D.A.)
MBWA.
Appreciation. (“Motivator” #1.)
(Can’t be faked. Good.)
5. Decency.
6. Hurry.
7. Time out.
8. One matters.
9. Big change. Short time. (Alt not work.)
10. Excellence. Always.
11. Passion. Energy. Hustle. Enthusiasm.
Exuberance. (Move mountains. No alt.)
12. You must care.
13. Emotion.
14. Hard is soft. (Soft is hard.)
15.
16.
17.
18.
19.
20.
21.
22.
23.
Men. Women. Different. Contend. Connect.
Women. Buy. All. (RU listening?)
Quality. (“Mind-blowing.” Beyond 6-Sigma.)
Re-invent. Re-pot. (Required.)
Jaywalk.
Big change. Small # of people. (Always.)
Experiment. Now.
Failure. Normal.
Most failures, most success.
(Fail. Forward. Fast.)
24. “Reward excellent failures. Punish
mediocre successes.”
25. Women leaders. (Altered times.)
26. Extremism. (Good business. Bad politics.)
27. Innovation source. Only. Extreme irritation.
28. Smile.
29.
30.
31.
32.
33.
34.
35.
36.
37.
38.
You must care.
Mentor. (Highest ROI.)
Best “roster” wins.
Wow. (Okay in biz.)
We all have customers. (Biz. Personal.)
All contacts = Experiences.
Cirque du Soleil. (Peerless.)
Leaders create space for growth.
Quests. (Only.)
High aspirations, “high” results.
(Self-fulfilling prophecy.)
39. Attitude 1, Skills 0. (Mostly.)
(Attitude 1, Skill 0.3?)
40. Sometimes: Skill 1, Attitude 0.1.
41. Must “love,” not “like.”
42. Wegmans.” (No excuses. “Mere” groceries.)
43. Less than your best. Cheating.
44.
45.
46.
47.
48.
49.
50.
51.
52.
53.
54.
55.
Brand You. (No alt.)
Self-sufficiency. (Biggest LT turn-on.)
In the moment.
The moment wins.
Tomorrow = Never.
Action 1, Plan 0.1.
“Execution” can be a “system.”
Realism.
Own up. Move on.
Accountability.
Work hard > Work smart. (Mostly.)
Feedback. Necessary. Fast. (R.F.A. in
“RFA times.”)
56. Customers. Listen. Lead. (Paradox.)
57. “On stage.” Always. (GW, FDR, RG =
Supreme actors.)
58.
59.
60.
61.
62.
63.
64.
65.
66.
Master statistical analysis.
Excellence = Set the table.
Legacy. (Will it have mattered?)
“Great.” (Why not?)
Radicals rule. (Think … Olympics.)
!!! = Good.
Red 1, Brown 0. (Red times.)
Talk. Listen. (“Big 2.” Master.)
Politics. (Normal-inevitable state
of affairs. Master.)
67. Student. Forever.
68. “Why?” (Question #1.)
69. Don’t belittle.
70. Respect.
71. All we have: this moment.
(“Moments matter most”?)
72. Now. (Procrastination. Death.)
73.
74.
75.
76.
Exercise.
Paint. (Leader. Portraits of Excellence.)
Best story wins.
“You must be the change you wish
to see in the world.”
77. Two “big ones.” Max. (Priorities.)
78. No “I” in Team. (“I” in Win.)
79. “I” in Win. (No “I” in Team.)
80. Different 1, Better 0. (Better = 0.1)
81. Imitation = Mistake. (Learn, from who?)
82. Choose/battle the “right” competitor.
83. Schools. Creativity. Entrepreneurship.
(Not.)
84. MBAs. Creativity. Entrepreneurship.
Leadership. (Not.)
85. Design. Under-rated. Wildly.
(Still.) (Everything.)
86.
87.
88.
89.
You = Calendar. (Calendar. Never. Lies.)
Laugh.
Handshake. (Quantity. Quality.)
Don’t fold your hands in front of your
chest. Ever. (Never.)
90. Grace. (“Works” in biz.)
91. Weird. Wins. (Weird times.)
92. Crazy times. Crazy orgs.
93. Internet. All.
94. Women. Boomers-Geezers. Market. All.
95. Passion.
(Repeat. So what?)
96. Energy.
(Repeat. So what?)
97. Hustle.
(Repeat. So what?)
98. Enthusiasm. (Repeat. So what?)
99. Exuberance. (Repeat. So what?)
100. Smile.
(Repeat. So what?)
101. Care.
(Repeat. So what?)
102. Simplicity. Redundancy. Resilience. Bloodymindedness. Visible optimism. (Success.)
103. Act. (Repeat. So what?)
104. Appreciate. (Repeat. So what?)
105. Fun. (Biz. Why not?)
106. Joy. (Biz. Why not?)
107. Sales = Life.
108. Marketing = Life.
109. Long-term. “Top line.” c.r.o.
110. Great company = Creates the most
individual success stories. (RE/MAX)
111. Talent first, performance byproduct.
112. Sustained Wow* 1, “Shareholder
value,” 0.2 (*Product, People.)
113. Commitment. by invitation only.
114. Creativity. by invitation only.
115. HR = #1. (Ought to.)
116. Face-to-face. (5K miles, 5 minutes.) 117.
Negotiation. Make all winners.
(Save face.)
118. Grace makes enemies friends.
119. Network.
120. Invest in relationships. (Think ROIR.
Return On Investment in Relationships.)
118. Relationship investment. Forethought.
Calendar item. Intensity.
119. Innovation. Easy. (Hang out
with weird.)
120. Weird = Win. (Weird times.)
121. “The bottleneck is at the top
of the bottle.”
122. Good Board = Weird Board.
(At least, surprising.)
123. No contention, no progress.
R.O.I.R.*
*Return On Investment In Relationships
124. “Crucial conversations.” “Crucial
confrontations.” (Study. Learn. Do.)
125. Honest feedback.
126. Gaspworthy. Yes.
127. “Insanely great.”
128. “Astonish me.”
129. “Make it immortal.”
130. “Will you remember it in 20 years?”
131. No small opportunities. (Reframe.)
132. One playmate, one playpen = Enough.
133. End run. Sensible.
134. Allies are there for the finding.
135. Find successes. Build on successes.
(Pos > Neg. Encourage > Fix.)
136. Somebody’s doing it today. Find ’em.
137. Someone is living 2016 in 2006.
(Find ’em. Study ’em.)
138. Don’t “benchmark.” “futuremark.”
139. “PMA.” It works. (Positive. Mental.
Attitude.)
140. There are no experts. (You are the expert.)
141. Life is short.
142. “Sustained success.” Fat chance.
Make today matter. (“Sustained.” Ha.)
143. Collaborate. (Networked world.)
144. Go solo. (Individual. Unit of
Intellectual Capital.)
145. There are no “perfect” plans. (Do. Wins.)
146. Plans motivate. (Right or wrong.
Sense of purpose.)
147. Never rest.
148. Get some sleep.
149. Winning = Embracing paradox.
150. Ambiguity = Opportunity.
151. Resilience.
152. Relentless-ness.
153. None. Above. Comeuppance.
No. “ultimate.” “business model.”
(GM. Sears. U.S. Steel. DEC.)
154. Be yourself. Period.
155. Never work with jerks. Including
customers. (Life. Too short.)
156. Under-promise, over-deliver.
157. Talent. (Powerful word.)
158. “Customer = Anyone whose actions
affect your results.”
159. Competition stinks. (Seek the soft
spots where you can dominate.)
160. K.I.S.S./Keep It Simple, Stupid.
161. Beauty. (Good biz word.)
162. “See the beauty in a hamburger bun.”
(Go. Ray.)
163.
164.
165.
166.
Own up. Quick. ( Denial. Cancer.)
Celebrate. Often.
78 people = 78 approaches. (Each. Unique.)
Weed. Ceaselessly. (Prune. Stupid.
Rules. Non-stop.)
167. Get out of the way. (You = The problem.)
168. Smile. Sunny. Optimism. (If it kills you.)
169. Flowers. (Cheery workplace.)
170. Enjoy. (Or get the hell.)
171. Be intolerant of “sour.” (1 = Major pollution)
172. No “quick trigger” on promotion.
(Too important.)
173. Evaluation = Lots of study-time.
174. Evaluation = “Life or death” to evaluee.
175. “360” evaluation. No fad.
176. Exit when you’re done. (Done.
Sooner than you think.)
177. Today. Now. My Project. Am. Is. I. Period.
178. “Beautiful” systems. (Good biz phrase.
Not oxymoron.)
179. Build on strengths > Fix weaknesses.
180. “To don’t” = “To do.” (“To don’t” >
“To do” ?)
181. Leaders “Do” People. (Period.)
182. Leaders enjoy leading.
183. Serious leadership training = Serious.
184. Priorities. Obvious. (Or else.)
185. 5 “Priorities” = 0 Priorities.
(3 “Priorities” = 0 Priorities?)
186. People. First. Last. Always.
187. It. Is. Always. The. People.
188. Handshake. (Quantity. Quality.)
189. Don’t fold your hands in front of
your chest. Ever. (Never.)
190. Simplicity. Redundancy. Resilience.
Bloody-mindedness. Visible
optimism. (Success.) (Repeat.)
191. Employee Entrance = Guest
Entrance.
192. Put the customer … SECOND.
(Thanks, Hal.)
193. Flowers. (Or did I say that before?
No matter if I did.)
194. Big Mergers don’t work. Small
acquisitions can/do work—if you
don’t screw with their energy.
195. Instinctively “head for the front
line.” (In all contexts.)
196. Success = DDMMPR/"D-squared,
M-squared, PR” = DramDiff +
Money-Financial Acumen + Good
“Marketing” Instincts + Stellar People
+ Resilience (The “fab five”: What.
Every. Small. Biz. Needs.) (Big too.)
197. Core Mechanism (“Game-changing
Solutions”): PSF (Professional Service
Firm “model”) + Wow! Projects
(“Different” vs “Better”) + Brand You
(“Distinct” or “Extinct”)
198. 2011/2016 has already happened.
Find it.
199. Kids “know” kids. Oldies “know” oldies.
Women “know” women. (Staff accordingly.)
200. Everybody is my customer.
201. Cosset “vendors.”
202. I want to run a Housekeeping department.
(And you?)
203. The military doesn’t follow the “military
model.” (Initiative = Excellence.)
204. No such thing as “going to absurd lengths”
to serve the Customer. (HSM & Lefties.)
205. Forget the “customer.” All = “Clients.”
206. It takes decades to get over “sleights.”
(So don’t sleight.)
207. Don’t “dumb down.” Ever.
208.
209.
NO LESS THAN
EXCELLENCE.
EVER.
EXCELLENCE.
ALWAYS.
Work In Progress
XXX. One size fits. One. Only. (Evaluations. Period.)
XXX. Teaching. Individualized. Only. (6 billion people =
6 billion learning trajectories.) (Montessori.)
XXX. First impression. Matters. Shapes all that comes.
Hard to overcome. (Understatement.)
XXX. Jerks. Don’t work with. (Life = Too short.)
XXX. Manage [the hell out of] first impressions.
XXX. Last impression. Matters. Dominates memory.
Hard to overcome. (Understatement.)
XXX. Manage [the hell out of] last impressions.
XXX. Plain English.
XXX. K.I.S.S. (450/8.)
XXX. $798. $55,000,000,000. 3,000,000,000.
7AM-7PM. 6:15AM.
XXX. Donnelly Weatherstrip rules.
XXX. Managers do things right. Leaders do the
right thing. NOT.
ONE WORD+
ONE WORD+
Drill more wells
R.F.A.
Accountability
Realism
Decentralization
Execution
Action bias
Most mistakes wins
6:15am
Energy
Enthusiasm
Do>Plan
Act>Think
Behavior>Attitude
Passion
ONE WORD+
5 min/5,000 miles
Women
Decency
Grace
Innovate or Die
Re-imagine
Fight irrelevance
Just Do It
Care (You Must)
Flowers (Say It With)
I’m sorry
Thank You
Insanely Great
Silence
2-cent candy
ONE WORD+
Emotion
Intuition
Sell
O.O.D.A.
Integrity
Weird
Appreciate
Celebrate
Respect
Listen
Wander
Calendar rules
Calendar doesn’t lie
“To don’t
Max priorities = 3
ONE WORD+
Gasp-worthy
Insanely great
Different>better
Impact>longevity
Dramatic Difference
Only ones do what we do
Smile
$798
7-7-7
Design rules
Beautiful Systems
450/8
VP S.O.U.B.
Women buy all
Women lead better
ONE WORD+
MBWA
Why?
PSF
Wow!
! (red)
Buy a Mirror
Know thyself
Invite
Quest
Adventure
Talent
Brand You
Lovemark
Experience
Dreamketing
ONE WORD+
Boomers-geezers own all
2.6/21
25
25
3,000,000,000
(900,000,000)
26 minutes
43 hours
Perception Is All There Is
Enthusiasm: The Ultimate Virus
For Starbucks …
The Cup
Challenge*
Tom Peters/1107.2006
*Potential Quotes for Cups
Enthusiasm!
The Ultimate
Virus!
Re-imagine!
Re-do!
Re-vise!
Re-vo-lu-tion!
“Passion!”
“Energy!”
“Enthusiasm!”
“Passion! Energy! Enthusiasm!”
"Enthusiasm! Enthusiasm! Enthusiasm!"
"Enthusiasm Moves Mountains!"
"Nothing Matches Enthusiasm as a 'Motivator'!"
“Technicolor Times Demand Technicolor Actions”
“Technicolor Times Demand Technicolor People”
“Wow. Now.”
“Re-imagine!”
“Re-imagine! Re-do! Re-vise! Re-vo-lu-tion!”
Excellence.
Always.
“No Less
Than
Excellence.
Ever.”
No Excellence.
no excuse.
"Respect!"
“Leaders ‘Do’ People. Period.”
“Credibility. Asset No. 1.”
“Tell the Truth.”
“Truth Wins.”
“Challenge. Challenge. Challenge.”
“Two Big Goals. Tops.”
“Focus. Your Calendar Never Lies”
“Good Story. Good Leader.”
“Best Story Wins.”
“Live the Story.”
“Change the World. Accept Nothing Less.”
"Dream!"
“Dream. The Only Worthwhile Reality.”
“Beware Those Who Agree With You”
“Seek Dissidents. Nurture Dissidents. Cherish Dissidents”
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
try it. Try it. Try it
ry it. Try it. Try it. Tr
t. Try it. Try it. Try it
ry it. Try it. Try it. Tr
t. Try it. Try it. try it
ry it. Try it. try it. Tr
t. Try it. Try it. Try it
iMplementation
… The “last 98%”
Do it.
Now.
start.
Now.
Most.
Relentless.
wins.
“Excellence!”
“Demand Excellence!”
“Demand Excellence. The Greatest
Gift.”
“Excellence, Life’s Gold Standard”
“Stop Talking! Start Doing!”
“Execute. Execute. Execute.”
“‘Good Execution’ Beats ‘Good
Strategy’”
“Agility Trumps Size”
"Women make the best bosses!"
“Women Rule. Believe It.”
"You must care!"
“Listen.”
“Ask. ‘Why?’”
distinct.
Or …
Extinct.
2007.
Self-reliance.
No option.
2007.
Excellence.
No option.
Excellence.
Not optional.
it’s a …
“brand you”
world.
“‘Me Too’ =
‘Me Dead’”
“‘Different’ beats ‘Better.’”
“‘Distinct’ or ‘Extinct.’”
“Innovate or Die”
“‘Me Too’ = ‘Me Dead’”
“Talent Time!”
“Best Talent Wins.”
“Best Roster Wins.
“Moderation Fails in Immoderate Times”
“Moderation
Fails in
Immoderate
Times”
“freaks win in
freaky times.”
Seek Dissidents.
Nurture Dissidents.
Cherish Dissidents.
“best
talent
wins.”
women = best leaders.
Women = biggest
market.
Women = control
wealth.
Women = rule.
Roir/return on
investment in
relationships
Respect =
magic.
“thank
you” =
magic.
“thank you”
= magic
potion #1.
GE
(more or less)
:
The Sales122:
122 Ridiculously
Obvious Thoughts
About Selling Stuff
Tom Peters/0402.2006
This list was first prepared for GE Energy
sales & marketing people in January. It
started with a half-dozen items, and grew
like Topsy. Possibly, given its origins, it’s a
little tilted toward complex, engineeringbased sales. In any event, it makes a perfect
companion to “The Irreducibles209.” This,
too, is effectively a list of “irreducibles.”
Tom Peters
1. “Strategy” overrated, simply “doin’ stuff” underrated. See
Kelleher and Bossidy: “We have a ‘strategic plan,’ it’s called
doing things.”—Herb Kelleher. “Execution is a systematic
process of rigorously discussing hows and whats, tenaciously
following through, and ensuring accountability.” —Larry
Bossidy & Ram Charan/ Execution: The Discipline of Getting
Things Done. Action has its own logic—ask Genghis Khan,
Rommel, COL John Boyd, U.S. Grant, Patton, W.T. Sherman.
2. What are you personally great at? (Key word: “great.”) Play
to strengths! “Distinct or Extinct.” You should aim to be
“outrageously good”/B.I.W. at a niche area (or more).
3. Are you a “personality,” a de facto “brand” in the industry?
The Dr Phil of ...
4. Opportunism (with a little forethought) mostly wins.
(“Successful people are the ones who are good at Plan B.”)
5. Little starts can lead to big wins. Most true winners—think
search & Google—start as something small. Many big deals—
Disney & Pixar—could have been done as little-er deals if you’d
had the guts to jump before the value became obvious.
“Everyone lives
by selling
something.”
—Robert Louis Stevenson
6. Non-obvious targets have great potential. Among many
other things, everybody goes after the obvious ones. Also,
the “non-obvious” are often good Partners for technology
experiments.
7. The best relationships are often (usually?) not “top to
top”! (Often the best: hungry division GMs eager to make a
mark.)
8. IT’S RELATIONSHIPS, STUPID—DEEP AND FROM MULTIPLE
FUNCTIONS.
9. In any public-sector business, you must become an avid
student of “the politics,” the incentives and constraints,
mostly non-economic, facing all of the players. Politicians are
usually incredibly logical—if you (deeply!) understand the
matrix in which they exist.
10. Relationships from within our firm are as important—
often more important—as those from outside—again broad is
as important as deep. Allies—avid supporters!—within and
from non-obvious places may be more important than
relationships at the Client organization. Goal: an “insanely
unfair ‘market share’” of insiders’ time devoted to your
projects!
C(I)>C(X)
11. Interesting outsiders are essential to innovative proposal
and sales teams. An “exciting” sales-proposal team is as
important as a prestigious one.
12. Is the proposal-sales team weird enough—weirdos come
up with the most interesting, game-changer ideas. Period.
13. Lunch with at least one weirdo per month. (Goal: always
on the prowl for interesting new stuff.)
14. Gratuitous comment: Lunches with good friends are
typically a waste of (professional) time.
15. Don’t short-change (time, money, depth) the proposal
process. Miss one tiny nuance, one potential incentive that
“makes my day” for a key Client player—and watch the whole
gig be torpedoed.
16. “Sticking with it” sometimes pays, sometimes not—it
takes a lot of tries to forge the best path in. Sometimes you
never do, after a literal lifetime. (Ah, life.)
17. WOMEN ARE SIMPLY BETTER AT RELATIONSHIPS—don’t
get hung up—particularly in tech firms—on what industriescountries “women can’t do.” (Or some such bullshit.)
18. Work incessantly on your “story”—most economic value
springs from a good story (think Perrier)! In sensitive public
or quasi-public negotiations, a compelling story is of immense
value—politics is about the tension among competing stories.
(If you don’t believe me, ask Karl Rove or James Carville.)
(“Storytelling is the core of culture.” —Branded Nation: The
Marketing of Megachurch, College Inc., and Museumworld,
James Twitchell)
19. Call this 18A, or 18 repeat: Become a first-rate
Storyteller! (“A key – perhaps the key – to leadership is the
effective communication of a story.”—Howard Gardner,
Leading Minds: An Anatomy of Leadership)
20. Risk Assessment & Risk Management is more about
stories than advanced math—i.e., brilliant scenario
construction.
21. Good listeners are good sales people. Period.
22. Lousy listeners are lousy sales people. Period.
23. GREAT LISTENERS ARE GREAT SALES PEOPLE. (Listening
“skills” are hard to learn and subject to immense effort in
pursuit of Mastery. A virtuoso “listener” is as rare as a
virtuoso cello player.) (“If you don’t listen, you don’t sell
anything.”—Carolyn Marland/MD/Guardian Group)
24. Things that are funny to me (American) are often-mostly not
funny to those in other cultures. (Humor is as fine-edged as it
gets, and rarely travels.)
25. You don’t know Jack Squat about other peoples’ cultures—
especially if you are a typically myopic American. (Like me.)
26. Are you a great interviewer? It’s a make or break skill.
(Think Barbara Walters’ skill at extracting unwanted truths from
pros in persona-protection ... in front of 10s of millions of
people.
27. Are you a great (not merely “good”) presenter? Mastering
presentation skills is a life’s work—with stupendous payoff.
28. Work like hell on the Big 2: LISTENING/INTERVIEWING,
PRESENTING. These are “the essence of [sales] life”—and
usually picked-up in an amateurish fashion. Mistake! (Become a
“professional student” of these two areas, achieve Mastery.)
29. Are you good at flowers? Think: FLOWER POWER! (see Harvey
Mackay’s “Mackay 66”—what you should know about a Client;
e.g., birthdays & anniversaries.) (My “flowers budget” is out of
control. Hooray for me.)
30. You can’t do it all—be clear at what you are good at, bad at,
indifferent at. Hubris sucks.
FLOWER
POWER
31. The point is not to “prove yourself.” (That’s ego-talk.) Let
the best person present to the Client—perhaps a “lower level”
geek. (“Control freaks” get their just desserts in the long haul—
or sooner.)
32. The numbers will more or less take care of themselves over
the long haul—if the relationship/s is/are solid gold.
33. The Gold Standard in selling: INDISPENSABLE to the Client.
No other goal is worthy.
34. Never stop growing-broadening-deepening the relationship.
The key to “indispensability” is to get the Client more and more
… and more … and then more … imbedded in “our” web. Hence
the so-called “selling process” is only the first step!
35. USE THE WORD “WE” … CONSTANTLY & RELIGIOUSLY!
(E.g.: “We”—the Client & me—“are going to change the world
with this service.”)
36. Don’t waste your time on jerks—it’ll rarely work out in the
mid- to long-term.
37. Genius is walking away from lousy “scores” (deals)—and
accepting the attendant heat. Big Business is the premier home
to Big Egos overpaying by a factor of 2 to 22 with billion$$$$ at
stake. (Think Jerry Levin and AOL Time Warner.)
“If you don’t
listen,
you don’t sell
anything.”
—Carolyn Marland/
Managing Director/
Guardian Group
38. You haven’t a clue as to how this situation will actually play
out—be prepared to move fast in a different direction.
39. Keep your word.
40. KEEP YOUR WORD.
41. Underpromise (i.e., don’t over-promise; i.e., cut yourself a
little slack) even if it costs you business—winning is a long-term
affair. Over-promising is Sign #1 of a lack of integrity. You will
pay the piper.
42. There is such a thing as a “good loss”—if you’ve tested
something new and developed good relationships. A half-dozen
honorable, ingenious losses over a two-year period can pave the
way for a Big Victory in a New Space in year 3.
43. It’s a competitive world out there. New, innovative products
are harder to sell than old stand-bys. Nonetheless, you will be a
long-term star to the extent that you are willing to push the
harder-to-sell-at-the-moment Innovative Products that cement
long-term Client success (Indispensability!) —even if it means a
#s hit this quarter. PART OF YOUR JOB: TAKE CLIENTS ON AN
ADVENTURE THAT PUTS THEM AHEAD OF THE GAME CALLED
(GAMECHANGING—hopefully) COMPETITIVE ADVANTAGE!
“You can make more
friends in two months by
becoming interested in
other people than you can
in two years by trying to
get other people
interested in you.”
—Dale Carnegie
44. Think “legacy”—what the hell is all this really about for you
and the world? (“Tell me, what is it you plan to do with your one
wild and precious life?”
—Mary Oliver)
45. THERE ARE NO “MODERATES” IN THE HISTORY BOOKS!
46. Keep it simple! (Damn it!) No matter how “sophisticated” the
product. If you can’t explain it in a phrase, a page, or to your 14year-old ... you haven’t got it right yet.
47. Know more than the next guy. Homework pays. (of course
it’s obvious—but in my work it is too often honored in the
breach.)
48. Regardless of project size, winning or losing invariably
hinges on a raft of “little stuff.” Little stuff is and always has
been everything!!!!!!!!!!!!!!!!!!!!—or, “one man’s little stuff is
another man’s 7.6 Richter deal-breaker.”
49. In public settings in particular, face saving is all. When
something changes, allow the other guy to come out looking like
a winner, especially if he has lost. (Even if you must accept the
egg on your face—he will always remember you!)
50. Don’t hold grudges. (It is the ultimate in small mindedness—
and incredibly wasteful and ineffective. There’s always
tomorrow.)
51. IT’S ALWAYS “THE POLITICS”—wee private-sector deal or
giant public sector deal. (Every player, small or large, is angling
for something. Master the calculus of advantage.)
52. To beat the “turnover problem” in key Client posts amidst
long negotiations, invest outrageous amounts of time building a
wide & deep set of relationships with mid-level (& lower!!)
“plodding” “careerists.” The invisible careerists are the
bedrock upon which repeated success is built! (My “Capitol Hill
Axiom”: It’s the 24-year-old LA who in the end briefs the
Senator right before she goes to the Floor to vote.)
53. Speaking of “she”: Gender differences are Enormous—
dealing with a woman and dealing with a man are different
kettles of fish—you must become an A+ student of gender
differences. (E.g.: Men are typically more interested in the
short-term “score.” Women are more interested in the longterm consequences.)
54. “LITTLE PEOPLE” OFTEN HAVE BIG FRIENDS.
55. This is not war, damn it. All parties can win (or not lose,
anyway). And losing bidders can walk away from a deal with
increased respect for you and your team.
56. Never, ever dump on a competitor—the Tom Watson IBM
glory-days mantra.
57. Never forget the “Law of Cousins!” In developing nations
in particular, power brokers at all levels are at least cousins!
Consideration for a second cousin can pay off big time.
58. Speaking of “favors,” jail sucks.
59. Work hard beats work smart. (Mostly.)
60. REPEAT: HE/SHE WHO HAS THE MOST-BEST
RELATIONSHIPS WINS. RELATIONSHIPS ARE THE ESSENCE OF
THE WORK OF THE SALESPERSON. THE HARD ... AND LONG ...
WORK OF THE SALESPERSON.
61. Mano v mano “hardball” is seldom the answer—end runs
based and patient multi-level relationship building via deeperwider networks win.
62. If the deal is wired from below, truly wired, than the socalled “big negotiations” are essentially irrelevant.
63. If every quarter is a “little better” than the prior quarter—
then you are not taking any serious risks.
64. Phones beat email.
“Nothing is so
contagious as
enthusiasm.”
—Samuel Taylor Coleridge
65. A THREE-MINUTE CALL TODAY CAN AVOID A GAME-LOSER
OF A FIASCO NEXT MONTH. There was always a time when a
little thing could have been addressed that headed off a
subsequent big thing. As to avoiding that call, didn’t someone
say, “Pride goeth before the fall”?
66. Be hyper-organized about relationship management—you
are in the anthropology business. Study the great pols! Brilliant
NRM (network relationship management) is not accidental! It is
not catch-as-catch can. (Football analogies are cute—but deep
political understanding pays the private-school tuition.)
67. Obsess on ROIR (Return On Investment In Relationships).
68. “THANK YOU” NOTES: World’s highest-return investment!!
69. The way to anyone’s heart: Doing a nice thing for their kid.
(But, gawd, does this take a gentle touch.)
70. Scoring off other people is stupid. Winners are always in the
business of creating the maximum # of winners—among
adversaries at least as much as among “partners.”
71. Your colleagues’ successes are your successes. Period.
(Trust me, my greatest personal success—financially as well as
artistically—has been creating a bigger pond in which everyone
wins, even if my “market share” is down.)
72. Lend a helping hand, especially when you don’t have the
time. E.g. share relationships—the more you give away the
more you get in return (just like they say in church).
73. Listen up: “It was much later that I realized Dad’s
secret. He gained respect by giving it. He talked and listened
to the fourth-grade kids in Spring Valley who shined shoes
the same way he talked and listened to a bishop or a college
president. He was seriously interested in who you were and
what you had to say.” —Sara Lawrence-Lightfoot, Respect.
(I.e., Respect is Cool.)
74. Mentoring is a thrill—and the practical payoff is
enormous. The best mentors have the whole world working
its buns off for them!
75. Hire for enthusiasm. Promote for enthusiasm. Cherish
enthusiasm. REMOVE NON-ENTHUSIASTS—THEY ARE
CANCERS. (“Nothing is so contagious as enthusiasm.”—
Samuel Taylor Coleridge. “A man without a smiling face
must not open a shop.”—Chinese Proverb.)
76. IT’S ALWAYS YOUR PROBLEM—you sold it to them.
77. It’s never over: While there may be an excellent service
activity in your company, the “relationship” belongs to You!
Hence the “aftersales” “moments of truth” are at least as—if
not more than*--important to the Continuing Relationship as
the sale “transaction” itself. (*I vote for “more than.”) You’ll
get your biggest “points” with the Client for being an effective
after-the-fact go-between with your company.
78. Don’t get too hung up on “systems integration”—first &
foremost, the individual bits have got to work.
79. For God’s sake don’t over promise on “systems
integration”—it’s nigh on impossible to deliver.
80. On the other hand … winners clamber Up the Value-added
Ladder, and offer ever so much more than “mere” product. ALL
SUCCESSFUL SALES PEOPLE ARE IN THE “SOLUTIONS
BUSINESS”—no matter how jargony that may sound.
81. “Systems” / “Solutions” selling means grappling directly
with “culture change” in Client organizations. (“The business of
selling is not just about matching viable solutions to the
customers that require them. It’s equally about managing the
change process the customer will need to go through to
implement the solution and achieve the value promised by the
solution”—Jeff Thull, The Prime Solution: Close the Value Gap,
Increase Margins, and Win the Complex Sale)
82. Shit happens. That’s what they pay you for.
83. This is not a “GE” or “Ben & Jerry’s” sale—it is a Joe
Jones/Jane Jones sale. YOU ARE THE “BRAND” THE CLIENT
BUYS—especially over the long haul.
84. Duh: You make money, the company makes money—on
repeat business.
85. Master—yes, you—the “PR” Game. “Word of Mouth” is not
accidental! You want Word of Mouth? Make it happen!
86. GOAL #1: MAKE YOUR CLIENT A HERO—YOU ARE NOT THERE
TO GET CREDIT. (“Taking credit” is for egomaniacs. And losers.)
87. “Decent margins,” over the mid- to long-term, are a product
of better relationships, not better “negotiating skill.” (Mostly.)
“You can’t behave
in a calm, rational
manner. You’ve got
to be out there on
the lunatic fringe.”
—Jack Welch
88. In the immortal words of ex-GE Vice Chairman Larry
Bossidy, more or less, “Realism rocks.” (“Bullshit artist” and
“great salesperson,” contrary to conventional wisdom, are
Diametric Opposites. “Truthteller” and Great Salesperson is
more like it.)
89. Be the first to tell the Client bad news (e.g., slipped
delivery); his intelligence sources will tell him fast—you want to
be there first with your story and to enhance your rep as
Truthteller!
90. Work like hell to get a reputation as a valued industry
expert, to become an industry resource.
91. Work the Trade Association angle for all its worth—it may
take a decade to pay off—e.g., when you become an officer or
are on an important panel or testify Before Congress.
92. PAY YOUR DUES IN THE CLIENT ORG AND IN YOUR OWN
ORG!
93. It’s all bloody tactics.
94. You must ... LOVE .... the product! (Period.)
95. YOU MUST LOVE THE PRODUCT!
96. Don’t over-schedule. “Running late” is inexcusable at any
level of seniority; it is the ultimate mark of self-importance
mixed with contempt.
97. Women are better salespeople. (See Addendum.)
98. Women alone understand Women.
99. Actually, Women by and large understand Men better than
Men understand Men.
100.Women purchasers buy Stories and recommendations.
101. Women take longer to become Loyal purchasers, but then
stay Loyal.
102. Men buy Stats.
103. Men decide fast, but are fickle.
104. Men & Women are … VERY, VERY … Different.
105. Women buy most things. Consumer. Increasingly,
professional goods and services.
106. Women’s Market is Opportunity #1.
107. Boomers. Many, many. Lots & lots & lots of … $$$.
108. Boomers-Geezers are very different purchasers than those
in other categories.
Women Rock … as Salespersons (From Item #97.)
And the answers are?
“TAKE THIS QUICK QUIZ: Who manages more things at
once? Who puts more effort into their appearance?
Who usually takes care of the details? Who finds it
easier to meet new people? Who asks more questions
in a conversation? Who is a better listener? Who has
more interest in communication skills? Who is more
inclined to get involved? Who encourages harmony and
agreement? Who has better intuition? Who works
with a longer ‘to do’ list? Who enjoys a recap to the
day’s events? Who is better at keeping in touch with
others?”
Source: Selling Is a Woman’s Game: 15 Powerful Reasons Why
Women Can Outsell Men, Nicki Joy & Susan Kane-Benson
109. It takes time to get to know people. (DUH.)
110. The very idea of “efficiency” in relationship
development is ... STUPID.
111. MBWA (still) rules.
112. “Preparing the soil” is the “first 98 percent.” (Or
more.)
113. WORK THE PHONES!
114. Rule 5K-5M: 5K miles for a 5-Minute meeting often
makes sense. (Yes, often.) (Even with constrained travel
budgets.) (Thanks, super-agent Mark McCormack.)
115. Become a student! Study great salespeople!
(Including Presidents.) (“Natural” is a little bit true—but
then Naturals are always the ones who study hardest—
e.g., Jerry Rice.)
116. Become a student! Yes, you can study Relationship
Building. So, study …
117. Beware complexifiers and complicators. (Truly
“smart people” ... Simplify things.)
118. The smartest guy in the room rarely wins—alas,
he usually is aware he’s the smartest guy. (And
needn’t waste his time on that “soft relationship
crap.”)
119. Be kind. It works.
120. Be especially kind when there are screw-ups.
(There’s plenty of time later to Play the Great
Accountability Game.)
121. Presidents never tire of being treated like
Presidents.
122.
Luck matters.
Good luck!
Tom’s
60TIBs*
*TIB = This I Believe
Sixty for Sixty: Tom’s 60TIBs
The architect Bill Caudill was a contrarian. He pioneered the
idea of working intimately with clients to create spaces that
met their needs; this flew in the face of conventional wisdom,
which held that the architect was pure artist, barely
deigning to make client contact. Caudill’s approach was
wildly successful—so much so that today it’s become
conventional wisdom.
Over the years Bill jotted notes on this and that, and began to
organize them for his children. The title of his musings: This I
Believe. After Caudill’s death, his colleagues collected the
notes and published them. That is, The TIBs of Bill Caudill.
A sixtieth birthday is a monumental occasion, and I chose,
among other things, to give myself a present to mark the/my
date in November 2002. I sat on a hill overlooking my farm
in Vermont, and scribbled down 60 thoughts, one for each
year, that seemed to capture my professional and, to
some extent, my personal journey. Those thoughts—Tom’s
60TIBs—herewith.
1. TECHNICOLOR RULES!
(Passion Moves Mountains!)
2. Audacity Matters!
3. Revolution Now!
4. Question Authority! (& Hire
Disrespectful People.)
5. Disorganization Wins! (LOVE
THE MESS!)
6. Think 3M: Markets Matter Most. ONLY EXTREME
COMPETITION STAVES OFF STALENESS. (You can
take the boy out of Silicon Valley, but you can’t take
Silicon Valley out of the boy!)
7. Three Hearty Cheers for Weirdos. (Bill Gates, Steve
Jobs, Larry Ellison, Scott McNealy, Craig Venter
et al.)
8. Message 2003: Technology Change (Info-sciences,
Biosciences) Is in Its Infancy! (WE AIN’T SEEN
NOTHIN’ YET!)
9. Everything Is Up For Grabs! Volatility Is Thy Name!
(Forever & Ever. Amen.) RE-INVENT … OR DIE!
10. Big Sucks. (Mostly.) (VERY Mostly.)
11. “Permanence” Is a Snare & a Delusion.
(Forget “Built to Last.” It’s Yesterday’s
Idea.)
12. Kaizen” (Continuous Improvement) Is …
Dangerous.
13. DESTRUCTION RULES!
14. Forget It! (“Learning” = Easy. “Forgetting” =
Nigh on Impossible.)
15. Innovation Is Easy: Hang Out with Freaks.
(Employees, Board Members, Customers,
Suppliers, Alliance Partners, Consultants.)
16. Boring Begets Boring. (Cool Begets Cool.)
17. Think “Portfolio.” (We’re All V.C.s.)
18. Perception Is All There Is. (“Insiders” …
ALWAYS … overestimate the Radicalism of
What They’re Up To.)
19. Action … ALWAYS … Takes Precedence.
Think: R.F!A./Ready. Fire! Aim. (REWARD
SUCCESS. REWARD FAILURE. PUNISH …
INACTION.)
20. He Who Makes & Tests the Quickest &
Coolest Prototypes Reigns!
21. Haste Makes Waste. (SO GO WASTE!)
22. Screw-ups are … the … Mark of Excellence.
(“Do It Right the First Time” Is a Very Stupid
Idea.)
23. Play Hard! Play Now! (Cherish Play!)
24. TALENT TIME! (He/She Who Has the Best
“Roster” Rules!)
25. Re-do Education. Totally. (FOSTER
CREATIVITY … NOT UNIFORMITY.) (THE
NOISIEST CLASSROOM WINS.)
26. Diversity’s Hour Is Now!
27. SHE … Is the Best Leader!
28. MARKETING MANTRA: Embrace the “BIG THREE”
Demographics. (1) SHE … is the Customer. (For
everything.) (2) Rapidly Aging Boomers Have …
ALL THE MONEY. (3) Green … Matters.
(TRILLIONS OF $$$$$ Are at Stake.) (NOBODY …
Gets It.) (Mere “Programs” Will Not Suffice.)
29. Re-boot Healthcare. (UNDERSTATEMENT.)
30. WHAT ARE WE SELLING? “Experiences” &
“Solutions” > “Quality” & “Satisfaction.” (The
Traditional Value-added Equation Is Being Set on
Its Ear.)
31. DESIGN = New Seat of the Soul.
32. Branding Is for … EVERYONE. He Who Has
the … BEST STORY … Takes Home the
Marbles.
33. DRAMATIC DIFFERENCE = Only Difference.
34. WORDS/Language Matters … a Lot. (E.g.:
Three Hearty Cheers for “Wow”!)
35. WHAT MATTERS IS STUFF THAT MATTERS.
(Query #1: “Are You Proud of It?”)
36. eALL. (IS/IT: Half-way = No Way.)
37. DREAM … Big! DREAM … Enormous.
DREAM … Gargantuan. (These Are XXXL
Times.)
38. THINK MIKE! (Michelangelo: “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.”)
39. There Is Only … ONE BIG ISSUE. Crossfunctional Communication.
40. Stop Doing Dumb Shit. (SYSTEMATIZE THE
PROCESS OF “UN-DUMBING.”)
41. Beautiful Systems Are … BEAUTIFUL.
42. The … WHITE-COLLAR REVOLUTION … Will
Devour Everything in Its Path.
43. Take Charge of Your Destiny! BrandYou
Moment! DISTINCT … OR EXTINCT!
44. “Powerlessness” Is a State of Mind! Think:
King. Gandhi. De Gaulle.
45. Pursue Adventure … in Every Task.
46. EXCELLENCE … Is a State of Mind.
(Excellence Takes a Minute.) (No Bull.)
47. SHOW UP! (If You Care, You’re There.)
48. YOUR CALENDAR KNOWS ALL. (You =
Calendar.) (Mind Your “TO DON’T” List.)
49. LIFE IS SALES. (The Rest Is Details.)
50. Boss Mantra #1: “I DON’T KNOW.” (“I Don’t
Know” = Permission to Explore.)
51. Management Role 1: GET OUT OF THE WAY.
(Clear the Way.) (“Manager” = Hurdle
Removal Professional.)
52. Epitaph from Hell: “He Woulda Done Some
Truly Cool Stuff … But His Boss Wouldn’t
Let Him.”
53. Change Takes However Long You Think It
Takes. (Eschew … “Incrementalism.”)
54. Respect! (Rule 1: Don’t Belittle!)
55. “Thank You” Trumps All!
56. Integrity Matters! Integrity = Credibility.
(Dennis K. Is a Jerk.)
57. SOFT IS HARD. HARD IS SOFT. (Numbers
Are Soft. People Are Not.)
58. Try Sunny! (Sunny Begets Sunny.
Gloomy Begets Gloomy.)
59. DISPENSE ENTHUSIASM!
60. FUN …Is Not a 4-Letter Word. So, too …
JOY. (And … GRACE.)
Tom Peters’
to-mA-to
to-mah-to
New Delhi. Thirteen September 2004. I awoke,
jetlagged and sweaty, at 3A.M. I’d had a
nightmare. Stark realism. I was, as usual,
accused of overstatement and a few (or more)
too many exclamation marks (!!!!!). Only this
time I’d acceded to “They.” The “They” who
believe in “The Plan” and “Built to Last” and
“Continuous Improvement” and “Quiet,
Humble Leaders.” No! No! I had failed, in my
dream, to live up to my Fervent Beliefs! This
must not pass! In a sweat, fearful that the time
would not come ‘round again, I turned on the
light, picked up a pad of paper, and began to
scribble frantically. Herewith the result.
Tom’s Re-imagine Manifesto!
They say … my (Tom) language is extreme.
I say … the times are extreme.
They say I’m extreme.
I say I’m a realist.
They say I demand too much.
I say they accept mediocrity & continuous improvement
too readily.
They say “We can’t handle this much change.”
I say “Your job and career are in jeopardy; what other
options do you have?”
They say Brand You is not for everyone.
I say the alternative is unemployment.
They say “What’s wrong with a ‘good product’?”
I say Wal*Mart or China or both are about to eat your
lunch. Why can’t you provide instead a Fabulous
Experience?
Tom’s Re-imagine Manifesto!
They say “Take a deep breath. Be calm.”
I say “Tell it to Wal*Mart. Tell it to China. Tell it
to India. Tell it to Dell. Tell it to Microsoft.”
They say the Web is a “useful tool.”
I say the Web changes everything. Now.
They say “We need an Initiative.”
I say “We need a Dream. And Dreamers.”
They say Great Design is “nice.”
I say Great Design is “necessary.”
They say I “overplay” the “women’s thing.”
I say the share of Women in Senior Leadership
Positions is a Waste and a Disgrace and a
Strategic Marketing Error.
Tom’s Re-imagine Manifesto!
They say the Women’s Market Opportunity I harp on is “doubtless
important.”
I say 9 out of 10, make that 99 out of 100, companies aren’t
within striking distance of accurately estimating the potential
of the Women’s Market … let alone exploiting it.
They say the boomer-geezer market is also “doubtless important.”
I say the boomer-geezer market amounts to a Redefining
Moment.
They say we need a “project” to exploit the women-boomer-geezer market.
I say we need Total Strategic Realignment to exploit the
Women-Boomer-Geezer Opportunity.
They say “Wow” is “typical Tom.”
I say “WOW” is a Minimum Survival Requirement.
They say “effective governance” is important.
I say bold-brash Boards that are representative of the market
served—more than a token woman or two and an empty seat
for the “forthcoming Hispanic”—are an Imperative. Now.
They say
“Better.”
I say
“Different!”
Tom’s Re-imagine Manifesto!
They say “Plan it.”
I say “DO IT.”
They say “We need more steady, loyal employees.”
I say “WE NEED MORE FREAKS WHO ROUTINELY TELL
THOSE ‘IN CHARGE’ TO TAKE A FLYING LEAP …
BEFORE IT’S TOO LATE.”
They say “We need Good People.”
I say “We need Quirky Talent.”
They say “We like people who, with steely determination, say,
“I can make it better.’”
I say “I love people who, with a certain maniacal gleam
in their eye, perhaps even a giggle, say, ‘I can turn
the world upside down. Watch me!’”
They say “We must speed things up.”
I say “We must Radically change the Corporate
Metabolism until Insane Urgency becomes
a Sacrament.”
Tom’s Re-imagine Manifesto!
They say, “Sure, we need ‘Change.’”
I say we need “REVOLUTION NOW.”
They say (acknowledge), “Okay, we need revolution.”
I say,
“REVOLUTION.”
They say “fast follower.”
I say “battered and bruised leader.”
They say “Conglomerate & Imitate!”
I say “Create & Innovate!”
They say “Market share.”
I say “Market CREATION.”
They say “Improve & Maintain.”
I say “DESTROY & RE-IMAGINE.”
Tom’s Re-imagine Manifesto!
They say “We like words such as ‘calm’ … ‘certainty’ … ‘is.’”
I say “I like words/phrases such as ‘turbulent’
‘opportunity’ … ‘might be’.”
They vote for Republicans and Democrats.
I vote for Independents and Libertarians.
They say “Normal.”
I say “Weird.”
They say “Happy balance.”
I say “Creative Tension.”
They say they favor a “team” that works & lives in “harmony.”
I say “give me a raucous brawl among the most
creative people imaginable.”
They say “Peace, brother.”
I say “Bruise my feelings. Flatten my ego.
SAVE MY JOB.”
Tom’s Re-imagine Manifesto!
They say “Vanilla.”
I say “Cherry Garcia.”
They say “Basic Black.”
I say “TECHNICOLOR RULES!”
They say “Branding is for the likes of Nike.”
I say “Branding is for Everyone & Anyone with the
Passion & Tenacity to foist their Wonderful & Weird
Point of View on the world … and the New World’s
(read: Web’s) power allows-encourages such “silly”
(until recently) visions-of-ubiquity to become reality,
perhaps overnight.”
They say we need “happy customers.”
I say “Give me pushy, needy, nasty, provocative
customers who will drag me down Innovation
Boulevard.”
They say they want to partner with “best of breed.”
I say “Give me Coolest of Breed.”
Tom’s Re-imagine Manifesto!
They say we need “supply chain harmony.”
I say we need “supply chain Innovation.”
They say “We seek Harvard MBAs.”
I say I seek Certificate-free “PhDs” from the School
of Hard Knocks.
They say they want recruits with a “spotless records.”
I say “the Spots are what matter most.”
They say “Integrity is important.”
I say “Tell the Unvarnished Truth, All the Time …
or take a Long Hike.”
They read Jim Collins and grok on “quiet, humble leaders.”
I say “Give me the Bold, the Brash, the Brassy, the
Egocentric Dreamers who, like Steve Jobs,
‘Dent the Universe.’”
They say
“Improve.”
I say
“Re-imagine!”
Tom’s Re-imagine Manifesto!
They say they need a “vision” born of McKinsey.
I say we need a “Grandiose Dream” born of a Passionate
& Intemperate Belief that the world can be a different,
better place.
They say healthcare, our biggest industry, is “a mess.”
I say our hospitals, which kill over 100,000 patients a
year, are part of a system that is “a disgrace.”
They say “obesity is a problem” … “lose some weight.”
I say Re-imagine the entire healthcare system …
NOW … to focus on Prevention & Wellness.
They say “no child left behind.”
I say “education” is leaving ALL our children behind,
as it is totally mis-aligned to deal with tomorrow’s
(this afternoon’s) uncertain, ambiguous, creativitydriven economy.
Tom’s Re-imagine Manifesto!
They say, “Of course we believe in marketing.”
I say “Is the CMO [Chief Marketing Officer] on the Board
of Directors?”
They say “Of course we believe in marketing.”
I say “Has your customer data base won numerous major industry awards?”
They say “Of course we believe in marketing.”
I say “Is your Web site Sooooo Cool, Sooooo Fresh, Sooooo
Friendly to Use that it gives you goose pimples just to e-visit,
even though you’ve seen it 1000 times?”
They say “Of course we believe in marketing.”
I say “How many in-depth customer visits did the CEO make
last month?”
They say “Yes, the ‘Women’s thing’ is important.”
I say “Do women hold at least 1/3rd of your Board seats?”
They say “We’re coming around on the design bit.”
I say “Is, as at Braun, your Chief Design Officer on the Board
of Directors?”
Tom’ Re-imagine Manifesto!
They say “Of course we think the ‘experiences thing’ is
important.”
I say “Is there an ‘EVP Experiences’?”
They say “Of course innovation is important.”
I say “Is your percentage of revenue devoted to R&D
at least 1.5 (2.0? 2.5?) times the industry average?”
They say “Of course we believe in IS/IT.”
I say “Is the CIO on the Board of Directors?” (Only 5% of
Fortune500 CIOs are on the Board. One example:
Wal*Mart.)
They say “Of course we believe in IS/IT.”
I say “How many members of your Board are under 35
years old?”
They say “We believe in having a ‘flat organization.’”
I say “Is your headquarters in a Tower?”
Tom’s Re-imagine Manifesto!
They say we need to “bring effectiveness to the supply chain.”
I say we need an IS/IT/Best Sourcing revolution based
on nothing less than an Entirely Original Vision of what
organizations are and how they interact.
They say “Globalization is a bumpy road.”
I say India and China and Asia in general are within two
decades of running the show: Get ready or get
trounced.
They say “defense” and “consolidation” are musts for a global
game.
I say encourage Offense, nurture a Generation (or 10) of
Entrepreneurs, cherish Creativity & Risk-taking from
primary school onwards … and don’t expect to be
saved by a bunch of bulky, retro behemoth commanded
by a phalanx of Old White Guys who think 30 minutes a
day on the corporate treadmill and 27 holes on the
links are a fit defense against Revolution.
Tom’s Re-imagine Manifesto!
They say “Get an MBA.”
I say “Get an MFA.”
They say “If it can’t be precisely measured then it isn’t real.” (And I
suppose if it can be measured it is real? Think Enron? Adelphia?
WorldCom?)
I say “If it can be precisely measured it isn’t real.” (Think
Age of Intangibles & Relationships.) (Think: “He knew
the price of everything and the value of nothing.”)
They say “Rationality is the Bedrock of Modern Society.”
I say “Irrationality [irrational exuberance?] is the Mother
of all True Entrepreneurial Pilgrimages.”
They say “Order is the necessary precursor to measured,
sustainable success.”
I say “Dis-order is the precursor to Opportunistic Sorties,
Market Creation, Quantum Leaps, and Entrepreneurial
Adventure.
Tom’s Re-imagine Manifesto!
They say “To get anywhere, you have to know exactly where the
hell you’re headed.”
I say “If you know precisely where you’re headed and
exactly how you’re gonna get there, then you clearly
suffer from Advanced Shrivelus Imaginationus.”
(This disease is fatal.)
They say “Employees need Well-defined Structure.”
I say “Talent should be encouraged to embark on Quests
to the Unknown.”
They say “I’m here to maximize shareholder value.”
I say “I’m here to inflame each & every member of my
Awesome Staff to embark with Vigor & Determination
& Passion & Enthusiasm on a Quest of Monumental
Consequence.” (And if I come even close to succeeding,
it will, in fact, dramatically up the odds of Thriving
Amidst Today’s Chaos—and creating untold shareholder
value in the process.)
Tom’s Re-imagine Manifesto!
They say “men.”
I say “WOMEN.”
They say Diversity is a “good thing.”
I say Diversity is a Fresh Breath of Creative Air … Absolutely
Necessary for Economic Salvation in perilous times.
They say “Wait your turn, honor those who have marched these corridors
before you.”
I say Get Off Your Butt & Go for the Gold … TODAY … or sign
the transfer papers willing your job in perpetuity to a
Chinese or Indian who Gives a Shit and Gets Up
(VERY) Early and works Saturdays & Sundays.
They say “offshoring” is a “blight.”
I say the Earth proved not to be the center of the Solar
System … and the USA is not the epicenter-in-perpetuity
of the Earth … and that we had best learn … NOW … to
prosper and take pleasure in a dynamic, exciting, creative,
multi-polar economic environment. (Damn it.)
Tom’s Re-imagine Manifesto!
They say “It’s a fright.”
I say “It’s a Helluva Ride.”
They say it’s “daunting.”
I say it’s “a bronco-bustin’ day at the rodeo.”
They say “Life is a marathon; husband your strength.”
I say “Life is a sprint. Begin planning your World-beating
Me Inc. start-up … TODAY.”
They say lifetime employment was a boon.
I say lifetime employment was Indentured Servitude,
modern-day Slavery.
They say “safety net.”
I say “I am my safety net; give me some version of the
‘Ownership Society.’”
They say “zero defects.”
I say “A day without a screw-up or two is a day pissed
away.”
Tom’s Re-imagine Manifesto!
They say “Think about it.”
I say “Try it.”
They say “Plan it.”
I say “Test it.”
They say “continuous improvement.”
I say “Bold Leaps.”
They say “Keep on Improvin’.”
I say “Keep on Leapin’.”
They say “Built to last.”
I say “Built to Soar. We’re all dead in the long run …
live your Insane Fantasy. Devil take the hindmost.”
They (Jim Collins) say “Walgreens is Cool.”
I say “I love Larry Ellison.” (Oracle rules … at least
for the next ten minutes.)
Tom’s Re-imagine Manifesto!
They say “Play the odds.”
I say “Reward excellent failures. Punish mediocre
successes.” (Thanks, Phil Daniels.)
They say “Eighty-hour weeks will kill you.”
I say “Work 35-hour weeks, and the Chinese will
kill you.”
They say “Install cost controls with teeth.”
I say “Ha. Ha. Ha. Blow Up the existing enterprise and
start with a Clean Sheet of Paper.”
They say “Install cost controls with teeth.”
I say “Grow the Top Line.”
They say “Radical change takes a decade.”
I say “Radical change takes a Minute.” (See AA.)
They say “Times are changing.”
I say “Everything has already changed. Tomorrow is the
First Day of Your Revolution … or you’re Toast.”
Tom’s Re-imagine Manifesto!
They say “We can’t all be Anita Roddick or Maxine Clark or Stan
Shih or Les Wexner or Jerry Yang.”
I say “Why not?”
They say “We can’t all be Revolutionaries.”
I say “Why not?”
They say “We can’t all be a Brand.”
I say “Why not?”
They say “Beware the Hype.”
I say “Been to China lately? Visited Infosys in
Bangalore lately?”
They say this is just a Rant.
I say this is just Reality.
They say “The man is not nice.”
I say “The times are not forgiving.”
EXCELLE
ALWAYS