To appreciate this presentation [and ensure that it is not a mess], you need Microsoft fonts: NOTE: “Showcard Gothic,” “Ravie,” “Chiller” and “Verdana” Final Tom Peters’ X25* EXCELLENCE. ALWAYS. People. Period. Taleo/0910.2007/San Francisco *In Search of Excellence 1982-2007 Slides at … tompeters.com Establishing Shot #1 Q4/2006 +500,000 Source: Barron’s 0922.07 Q4/2006 +500,000 = ? Source: Barron’s 0922.07 Q4/2006 +500,000 = +7,700,000 -7,200,000 Source: Barron’s 0922.07 Establishing Shot #2 Flash … The Rich Get Richer Flash … #1/100 “Best Companies to Work for”/2005 Wegmans “I have always believed that the purpose of the corporation is to be a blessing to the employees.” —Boyd Clarke Establishing Shot #3 profits, people or people, profits? Hard Is Soft Soft Is Hard 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 “How to piss away $500,000 in one easy lesson!!” TP: EXCELLENCE. ASPIRATION. 2006. Why in the World did you go to Siberia? Synonyms Purity Transcendence Virtue Elegance Majesty Antonyms Mediocrity Enthusiasm. Emotion. Excellence. Energy. Excitement. Service. Growth. Creativity. Imagination. Vitality. Joy. Surprise. Independence. Spirit. Community. Limitless human potential. Diversity. Profit. Innovation. Design. Quality. Entrepreneurialism. The Peters Principles: Wow! An emotional, vital, innovative, joyful, creative, entrepreneurial endeavor that elicits maximum Enterprise* ** (*at its best): concerted human potential in the wholehearted service of others.** **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 Did one of ’em ever turn to the other and say: “Wow I wonder what unimaginable new tools, otherwise not possible, will be quickly brought forth for our customers because of this deal?” Organizations exist to serve. Period. Leaders live to serve. Period. Summer 2007. Organizations exist to serve. Period. Leaders live to serve. Period. Organizations exist to serve. Period. Leaders live to serve. Period. Passionate servant leaders, determined to create a legacy of earthshaking transformation in their domain (a 600SF retail space, a 4-person training department, an urban school, a rural school, a city, a nation), create/ must necessarily create organizations which are no less than Cathedrals in which the full and awesome power of the Imagination and Spirit and native Entrepreneurial flair (We are all entrepreneurs—Muhammad Yunus) of diverse individuals (100% creative Talent—from checkout to lab, from Apple to Wegmans to Jane’s one-person accountancy in Invercargill NZ) is unleashed in passionate pursuit of jointly perceived soaring purpose (= win a Nobel peace prize like Yunus, or at least do something worthy of bragging about and personal and community and client service Excellence. 25 years from now to your grandkids) Organizations exist to serve. Period. Leaders live to serve. Period. Passionate servant leaders, determined to create a legacy of earthshaking transformation in their domain create/ must necessarily create 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 organizations which are … passionate pursuit of jointly perceived soaring purpose and personal and community and client service Excellence. … 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. Such Talent unbound pursue Quests (rapidly and relentlessly experimenting and failing and trying which surprise and surpass and redefine the expectations of the individual and the servant leader alike. The collective “products” of these Quests offer the best chance of achieving rapid organizational and individual adaptation to fast-transforming environments, and provide the nutrition for continuing (and sometimes dramatic) reimaginings which re-draw the boundaries of industries and communities and human achievement and the very conception of what is possible. again) In turn, such organizations, bent upon excellence and re-imaginings based on maximizing human creativity and achievement, will automatically create cadres of imaginative and inspiring and determined servant leaders who stick around to take the organization to another level, and then another—or, equally or more important, leave to spread the virus of Freedom-CreativityExcellence-Transforming Purpose by pathfinding new streets, highways and alleyways which vitalize and revitalize, through creative destruction, Entrepreneurial Capitalism, which is the best hope for maximizing collective human Freedom, Happiness, Prosperity, Wellbeing—and, one prays, some measure of Peace on earth. … such organizations, bent upon excellence and re-imaginings based on maximizing human creativity and achievement … vitalize and revitalize, through creative destruction, Entrepreneurial Capitalism, which is the best hope for maximizing collective human Freedom, Happiness, Prosperity, Wellbeing—and, one prays, some measure of Peace on earth. EXCELLENCE. “the rules.” Cause Space (worthy of commitment) (room for/encouragement for initiative) Decency (respect, humane) “We are a ‘Life Success’ Company.” Dave Liniger, founder, RE/MAX EXCELLENCE. ASPIRATION. UNIVERSAL. Basement Systems Inc. *Basement Systems Inc. *Larry Janesky *Dry Basement Science (115,000!) *1993: $0; 2003: $12M; 2006: $50,000,000+ Wegmans EXCELLENCE. INNOVATE. OR. DIE. InnoTacs We become who we hang out with 1 “Normal” = “o for 800” Why Do I love Freaks? (1) Because when Anything Interesting happens … it was a freak who did it. (Period.) (2) Freaks are fun. (Freaks are also a pain.) (Freaks are never boring.) (3) We need freaks. Especially in freaky times. (Hint: These are freaky times, for you & me & the CIA & the Army & Avon.) (4) A critical mass of freaks-in-our-midst automatically make us-who-are-not-so-freaky at least somewhat more freaky. (Which is a Good Thing in freaky times—see immediately above.) (5) Freaks are the only (ONLY) ones who succeed—as in, make it into the history books. (6) Freaks keep us from falling into ruts. (If we listen to them.) (We seldom listen to them.) (Which is why most organizations are in ruts. Make that chasms.) “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 The Memphis Manifesto*: Building a Community of Ideas 1. Cultivate & reward creativity. 2. Invest in the creative ecosystem. 3. Embrace diversity. 4. Nurture the creatives. 5. Value risk-taking. 6. Be authentic (emphasize uniqueness) 7. Invest in and build on quality of place. 8. Remove barriers to creativity. 9. Take responsibility for change. Development as D.I.Y. 10. Ensure that every person, especially children, has the right to creativity. Become a “Steward of creativity.” *2003/The Creative 100/Memphis Source: Richard Florida, The Rise of the Creative Class Try it. Try it. Try it ry it. Try it. Screw up. Try it. Try it. Try t. Try it. Try it. Try t. Try it. Screw it up t. Try it. Try it. try “We have a ‘strategic plan.’ It’s called doing things.” — Herb Kelleher “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: BW0821.06, Type A Organization Strategies/ “How to Hit a Moving Target”—Tactic #1 Screw. things. “Fail . Forward. Fast.” High Tech CEO, Pennsylvania “Reward excellent failures. Punish mediocre successes.” Phil Daniels, Sydney exec “The secret of fast progress is inefficiency, fast and furious and numerous failures.” —Kevin Kelly try. Miss. READY. FIRE! No try. No deal. “You miss 100% of the shots you never take.” —Wayne Gretzky EXCELLENCE. INDIVIDUAL. BRAND YOU. “If there is nothing very special about your work, no matter how hard you apply yourself you won’t get noticed, and that increasingly means you won’t get paid much either.” —Michael Goldhaber, Wired 12January2006 th, Happy 300 Brand You! The electrician knows! EXCELLENCE. BEDROCK. TALENT. Hire very good people! “We believe companies can increase their market cap 50 percent in 3 years. Steve Macadam at Georgia- Pacific … changed 20 of his 40 box plant managers to put more talented, higher paid managers in charge. He increased profitability from $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 EMPHASIZE THE “SOFT SKILLS.” Diversity = profit “Diversity defines the health and wealth of nations in a new century. Mighty is the mongrel. The hybrid is hip. The impure, the mélange, the adulterated, the blemished, the rough, the blackand-blue, the mix-and-match – these people are inheriting the earth. Mixing is the new norm. Mixing trumps isolation. It spawns creativity, nourishes the human spirit, spurs economic growth and empowers nations.” —G. Pascal Zachary, The Global Me: New Cosmopolitans and the Competitive Edge 53 = 53 “Never, ever again will I evaluate anyone using a standardized instrument devised by a “professional” in inhuman Resources.” Promise #1: Bend Over Backwards to Retain Women! “Forget China, India and the Internet: Economic Growth Is Driven by Women.” —Headline, Economist, April 15, 2006, Leader, page 14 “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 !!!!!!!!!!!!!!! 14 168* to *Leadership Positions/D&T/1992-2002/WIAR (Women’s Initiative Annual Report) “Winning the Talent War for Women: Sometimes It Takes a Revolution” —Douglas McCracken, HBR, Article title Elizabeth Cady Stanton (more or less) (circa 0331.2007) SO YOU’RE A “PEOPLE PERSON”? PROVE IT. “The leaders of Great Groups love talent and know where to find it. They revel in the talent of others.” —Warren Bennis & Patricia Ward Biederman, Organizing Genius PARC’s Bob Taylor: “Connoisseur of Talent” SO YOU’RE A “PEOPLE PERSON”? PROVE IT. < CAPEX > People! SO YOU’RE A “PEOPLE PERSON”? PROVE IT. PUT HR AT THE HEAD OF THE HEAD TABLE. BEST PEOPLE. NOBLEST MISSION. 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 “Get” the “Duh Factor”: Brand = Talent. “I have always believed that the purpose of the corporation is to be a blessing to the employees.” —Boyd Clarke EXCELLENCE. AWOL. THE SCHOOLS FIASCO. K-12. “Every child is born an artist. The trick is to remain an artist.” —Picasso EXCELLENCE. BEDROCK. LEADERSHIP. 9Ps. PURPOSE. PASSION. Potential. Presence. Personal. PERSISTENCE. PEOPLE. Potent. Positive. PURPOSE. PASSION. Potential. Presence. Personal. PERSISTENCE. PEOPLE. Potent. Positive. “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) PURPOSE. PASSION. Potential. Presence. Personal. PERSISTENCE. PEOPLE. Potent. Positive. Ben Zander: “I am a … Dispenser of Enthusiasm!” PURPOSE. PASSION. Potential. Presence. Personal. PERSISTENCE. PEOPLE. Potent. Positive. “The role of the Director is to create a space where the actors and become more than they’ve ever been before, more than they’ve dreamed of being.” actresses can —Robert Altman, Oscar acceptance speech PURPOSE. PASSION. Potential. Presence. Personal. PERSISTENCE. PEOPLE. Potent. Positive. “It’s always showtime.” —David D’Alessandro, Career Warfare PURPOSE. PASSION. Potential. Presence. Personal. PERSISTENCE. PEOPLE. Potent. Positive. “You must be the change you wish to see in the world.” Gandhi PURPOSE. PASSION. Potential. Presence. Personal. PERSISTENCE. PEOPLE. Potent. Positive. “Success seems to be largely a matter of hanging on after others have let go.” —William Feather, author PURPOSE. PASSION. Potential. Presence. Personal. PERSISTENCE. PEOPLE. Potent. Positive. “Leaders ‘SERVE’ people. Period.” —Anon. PURPOSE. PASSION. Potential. Presence. Personal. PERSISTENCE. PEOPLE. Potent. Positive. “You do not merely want to be the best of the best. You want to be considered the only ones who do what you do.” —Jerry Garcia PURPOSE. PASSION. Potential. Presence. Personal. PERSISTENCE. PEOPLE. Potent. Positive. The greatest danger for most of us is not that our aim is too high and we miss it, but that it is too low and we reach it. Michelangelo PURPOSE. PASSION. Potential. Presence. Personal. PERSISTENCE. PEOPLE. Potent. Positive. "Life is not a journey to the grave with the intention of arriving safely in one pretty and well preserved piece, but to skid across the line broadside, thoroughly used up, worn out, leaking oil, shouting ‘GERONIMO!’ ” —Bill McKenna, professional motorcycle racer (Cycle magazine 02.1982) Geron-imo!