10 MARCH 2007
Tom Peters’ X25*
EXCELLENCE.
ALWAYS.
XAlways.
MASTER/PART 2 .1O March 2007
* In Search of Excellence 1982-2007
VALUE
ADDED
#8
EXCELLENCE.
VALUE-ADDED LADDER I.
SOLVE IT.
And the “M” Stands for … ?
Gerstner’s IBM:
“Systems
Integrator of choice.”/BW
(“Lou, help us turn ‘all this’ into that long-promised ‘revolution.’ ” )
IBM Global Services*
(*Integrated Systems $55B
Services Corp.):
Planetary Rainmaker-in-Chief!
“Palmisano’s strategy is to expand tech’s borders by pushing users —and entire industries —toward radically different business models.
The payoff for IBM would be access to an ocean of revenue —Palmisano estimates it at $500 billion a year —that technology companies have never been able to touch.” — Fortune
“By making the Global Delivery Model both legitimate and mainstream, we have brought the battle to our territory. That is, after all, the purpose of strategy. We have become the leaders, and incumbents [IBM, Accenture] are followers, forever playing catchup. … However, creating a new business innovation is not enough for rules to be changed. The innovation must impact clients, competitors, investors, and society. We have seen all this in spades. Clients have embraced the model and are demanding it in even greater measure. The acuteness of their circumstance, coupled with the capability and value of our solution, has made the choice not a choice. Competitors have been dragged kicking and screaming to replicate what we do. They face trauma and disruption, but the game has changed forever.
Investors have grasped that this is not a passing fancy, but a potential restructuring of the way the world operates and how value will be created in the future.”
—Narayana Murthy, chairman’s letter, Infosys Annual Report
“Big Brown’s New Bag: UPS
Aims to Be the
—Headline/ BW /2004
“SCS”/Supply Chain
Solutions:
750 locations;
$2.5B; fastest growing division; 19 acquisitions, including a bank
Source: Fast Company
(A/C, elevators, DIY, photo shops, etc., etc.)
Payroll processing.
Credit card processing. Personnel paperwork. Mobile phones. Shipping.
Health insurance .
12K customers
(plumbers, electricians, small homebuilders, and contractors).
Source: Forbes , 0918.06
Gamechanging “Solutions”: Bet-the-Company
IBM
UPS
Xerox
MasterCard
GE
BestBuy
I. LAN Installation Co.
(3%)
II. Geek Squad.
(30%.)
III. Acquired by BestBuy.
IV.
Flagship of BestBuy
Wholesale “Solutions”
Strategy Makeover.
versus
Up,
Up,
Up,
Up the Value-added Ladder.
The Value-added Ladder/ STUFF ‘N’ THINGS
The Value-added Ladder/Stuff & TRANSACTIONS
The Value-added Ladder/ OPPORTUNITY-SEEKING
Services
Goods
Raw Materials
Era #1/Obvious Value : “Our ‘it’ works, is delivered on time” (“Close”)
Era #2/Augmented Value
: “How our ‘it’ can add value —a ‘useful it’ ” (“Solve”)
Era #3/Complex Value Networks : “How our
‘system’ can change you and deliver
‘business advantage’ ” (“Culture-
Strategic change”)
Source: Jeff Thull, The Prime Solution: Close the Value Gap,
Increase Margins, and Win the Complex Sale
“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.
One of the key differentiators of our position in the market is our attention to managing change and making change stick in our customers’ organization.” *
(*E.g.: CRM failure rate/Gartner: 70%)
—Jeff Thull, The Prime Solution: Close the Value Gap,
Increase Margins, and Win the Complex Sale
The Value-added Ladder/ OPPORTUNITY-SEEKING
Services
Goods
Raw Materials
VALUE
ADDED
#8A
To The Mat:
The “5 Damn Its”
Women.
Brand you.
R.f.a.
EXCELLENCE. ALWAYS.
“ ‘Disintermediation’ is overrated. Those who fear disintermediation-outsourcing should in fact be afraid of irrelevance; ‘outsourcing’ is just another way of saying that …
—John Battelle/ Point/Advertising Age /07.05
Sarah:
Mom
:
Are you …
Department Head to …
[HR, R&D, etc.]
“Typically in a mortgage company or financial services company, ‘risk management’ is an overhead, not a revenue center. We’ve become more than that.
— Frank Eichorn, Director of
Credit Risk Data Management Group, Wells Fargo Home Mortgage
(Source: sas.com)
Mantra:
Answer:
Core Mechanism
:
“Game-changing Solutions”
(Professional Service Firm “model”/The Organizing Principle
)
+
(“Distinct” or “Extinct”/The Talent
)
+
(“Different” vs “Better”/The Work
)
The New Enterprise Value-Added Equation/Mark2006
(1) 100%
“WOW PROJECTS”
(New Org “DNA”/“The Work”)
+
(2) Incredible
“TALENT”
Transformed into
(3) Entrepreneurial
“BRAND YOUs” and
(4) Launched on Awesome
“QUESTS FOR EXCELLENCE”
=
(5) Internal
“Rockin’ PSFs”
(Staff Depts. Morphed into Wildly
Innovative Professional Service F irms) …
(6) Which Coalesce to Transform the FEVP/Fundamental Enterprise
Value Proposition from “Superior Products & Services” to
“ENCOMPASSING SOLUTIONS” &
“GAME-CHANGING CLIENT SUCCESS”
Big Idea/“Meta”-Idea/Premier “Engine of Value Added”
(1) The Talent : “Best Roster” of Entrepreneurialminded Brand Yous.
(2) The (Virtual) Organization: Internal or
External
“PSF”/Professional Service Firm working with “Best Anywhere” = Engine of
Value Added through the Application of Creative
“Intellectual Capital”
(3) The Work Product : “Game Changer”/
“Gaspworthy” WOW Projects
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
)
Series/Reinventing Work
The Project 50: Fifty Ways To Transform
Every “Task” Into A Project That Matters
The Professional Service Firm 50: Fifty
Ways To Transform Your “Department”
Into A Professional Service Firm Whose
Trademarks Are Passion And Innovation
The Brand You 50: Fifty Ways To
Transform Yourself From An “Employee”
Into A Brand That Shouts Distinction,
Commitment, And Passion
(SD)
.
“Build something great!”
(HY) .
(DO)
(SJ)
“… but I'm having a hard time imagining 300 million Brand Yous.“
“Would you call a clerk in a purchasing department at a big insurance company
"brand you"? Probably not. But what about a single Hispanic Mom, age 32, raising 3 kids in the LA area and holding
2.5 jobs to do so? I'd call her a hero, selfreliant, resilient — and a Brand You!”
Posted by tom peters at 10:16 PM, November 20, 2006
Muhammad Yunus: “All human beings are entrepreneurs.
When we were in the caves we were all self-employed … finding our food, feeding ourselves.
That’s where human history began …
As civilization came we suppressed it. ... We became labor because they stamped us, ‘You are labor.’ We forgot that we are entrepreneurs.”
Source: Muhammad Yunus/The News Hour—PBS/1122.2006/
The natural state of economic activity is for everyone to be an entrepreneur; modern economies hide this from us and encourage us to become employees./John/ShakespearesFool, posted
@ tompeters.com, November 22, 2006, 9:27 PM
“The older I get, and the more
I think about ‘legacy,’ the more interested I get in
‘projects’ and the less interested I am in ‘process.’
We need to liberate the human spirit. Projects do that.
We strangle on %^#*ing process.”
—media exec to TP, 0109.2007
Psf.
Bedrock.
PSF /Professional Service Firm/Beliefs
Profession: Calling/Passion to make a difference/Excellence (always) point of view: know exactly what we stand for/
“Dramatic Difference”
Client: enduring, test-the-limits relationship/Trusted advisor
Solution: Rock His-her World/ “wow” / implemented “Culture change”/
>>>>>> “satisfaction”
PSF-Bedrock
Profession/ Calling-
Excellence
(always)
Client/ enduring, test-thelimits relationship
Solution/ Rock Hisher World
PSF-Bedrock
Profession/ Calling-
Excellence
(always)
Client/ trusted advisor
Solution/ Rock Hisher World
PSF-Bedrock
Profession/ Calling-
Excellence
(always)
Client/ enduring, test-thelimits relationship
Solution/ >>>”satisfaction”
“Solutions World”:
Big Idea:
(Professional Service
Firm*)
* “Virtual” Collection of Entrepreneurially-minded
Professionals (“Talent”/“Roster”) Creating/Applying
Intellectual Capital (“Work Product”)
Core Mechanism
:
“Game-changing Solutions”
Brand You(S)
(“Distinct” or “Extinct”/The Talent
)
+
Wow! Project(s)
(“Different” vs “Better”/The Work
)
=
PSF(S)
(Professional Service Firm “model”/The Organizing Principle
)
=
“Corporation” as
“MegaPSF”
Agriculture Age
(farmers)
Industrial Age
(factory workers)
Information Age
(knowledge workers)
Conceptual Age*
(creators)
*Murakami Teruyasu: “Age of Creation Intensification”
Source: Dan Pink, A Whole New Mind
The
:
Thirty-Five
Professional Service Firm
Marks of Excellence
The PSF35: The Work & The Legacy
1.
CRYSTAL CLEAR POINT OF VIEW
(E very Practice Group: “If you can’t explain your position in eight words or less, you don’t have a position”—Seth Godin)
2. DRAMATIC DIFFERENCE (“We are the only ones who do what we do”—Jerry Garcia)
3. Stretch Is Routine (“Never bite off less than you can chew”—anon.)
4. Eye-Appetite for Game-changer Projects (Excellence at Assembling
“Best Team”—Fast)
5. “Playful” Clients (Adventurous folks who unfailingly Aim to Change the World)
6. Small “Uneconomic” Clients with Big Aims
7. Life Is Too Short to Work with Jerks (Fire lousy clients)
8. OBSESSED WITH LEGACY (Practice Group and Individual: “Dent the
Universe”—Steve Jobs)
9. Fire-on-thespot Anyone Who Says, “Law/Architecture/Consulting/
Ibanking/ Accounting/PR/Etc. has become a ‘commodity’”
10. Consistent with #9 above … DO NOT SHY AWAY FROM THE
WORD (IDEA) “RADICAL”
?????
(excellent?!)
*Remarkable Point Of View/8 Words or less/“If you can’t state your position in eight words or less, you don’t have a position.”—SG
“
—Samuel Goldwyn
The PSF35: The Client Experience
11. Always team with client: “full partners in achieving memorable results” (Wanted: “Chimeras of Moonstruck Minds”!)
12. We will seek assistance Anywhere to assemble the Best-in-
Planet Team for the Project
13. Client Team Members routinely declare that working with us was “the Peak Experience of my Career”
14. The job’s not done until implementation is
“100.00% complete” (Those who don’t “get it” must go)
15.
IMPLEMENTATION IS NOT COMPLETE UNTIL
THE CLIENT HAS EXPERIENCED “CULTURE
CHANGE”
16.
IMPLEMENTATION IS NOT COMPLETE UNTIL
SIGNIFICANT “TECHNOLOGY TRANSFER”
HAS TAKEN PLACE-ROOT (“Teach a man to fish …”)
17.
The Final Exam: DID WE MAKE A DRAMATIC,
LASTING, GAME-CHANGING DIFFERENCE?
“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 .”*
(*E.g.: CRM failure rate/Gartner: 70%)
— Jeff Thull, The Prime Solution: Close the Value Gap,
Increase Margins, and Win the Complex Sale
UniCredit Group/
UniCredito Italiano* **
—3 rd party measurement
—Customer-initiated measurement
—Primary $$$$ incentives
—“Factories”
—Primary Corporate Initiative
—Etc
*#13
**TP/#1
The PSF35: The People & The Leadership
18. TALENT FANATICS (“Best-Coolest place to work”) (PERIOD)
19. EYE FOR THE PECULIAR (Hiring: Go beyond “same old, same old”)
20. Early Opportunities (vs. “Wait your turn”)
21. Up or Out (Based on “Legacy”/Mentoring as much as
“Billings”/“Rainmaking”)
22. Slide the Old Aside/Make Room for Youth (Find oldsters new roles?)
23. TALENT IS OBSESSED WITH RENEWAL FROM DAY #1 TO
DAY #“R” [R = Retirement]
24. Office/Practice Leaders Evaluated Primarily on
Mentoring-Team Building Skills
25. A “PROPRIETARY” TALENT DEVELOPMENT PROCESS (GE)
26. Team Leadership Skills Valued Early
27. Partner with B.I.W. [Best In World] Outsiders as Needed and to Infuse Different Views
The PSF35: The Firm & The Brand
28. EAT-SLEEP-BREATHE-OOZE INTEGRITY (“My life is my message”—Gandhi)
29. Excellence+ in EXECUTION
… 100.00% of the Time
(No such thing as a “small sins”/World Series Ring to the Batboy!)
30. “Drop everything”/“Swarm” to Support a Harried-On
The Verge Team
31. SPEND AS AGGRESSIVELY ON R&D AS A TECH FIRM OR
CIRQUE DU SOLEIL
32. A PROPRIETARY METHODOLOGY (FBR, McKinsey, Chiat Day, IDEO, old EDS)
33. Web (Technology) Obsession
34. BRAND/“LOVEMARK” MANIACS (Organize Around a Point of View Worth BROADCASTING: “You must be the change you wish to see in the world”—Gandhi)
35 . PASSION! ENTHUSIASM!
(Passion & Enthusiasm have as much a place at the Head Table in a “PSF” as in a widgets factory: “You can’t behave in a calm, rational manner. You’ve got to be out there on the lunatic fringe”—Jack Welch)
The PSF35: The Firm & The Brand
28.
EAT-SLEEP-BREATHE-OOZE INTEGRITY (“My life is my message”—Gandhi)
29. Excellence+ in
EXECUTION … 100.00% of the Time
30. “Drop everything”/“Swarm” to Support a Harried-On
The Verge Team
31.
SPEND ON R&D LIKE A TECH FIRM.
32.
A PROPRIETARY METHODOLOGY
(FBR, McKinsey,
Chiat Day, IDEO, old EDS)
33.
BRAND MANIACS
(Organize Around a Point of View Worth
BROADCASTING)
34 .
PASSION! ENTHUSIASM!
35.
EXCELLENCE. ALWAYS.
“PSF” Nirvana
Answer:
PSF
(Professional
Service Firm) +
BY
(Brand You) +
WP
(WOW
Projects) +
DD
(Dramatic Difference)
+
E
(Excellence) =
UVA
(Unassailable
Value-Added)
Answer:
“Big Brown’s New Bag: UPS
Aims to Be the
—Headline/BW/2004
I. LAN Installation Co.
(3%)
II. Geek Squad.
(30%.)
III. Acquired by BestBuy.
IV.
Flagship of BestBuy
Wholesale “Solutions”
Strategy Makeover.
Static/Imitative
Integrity.
Quality.
Continuous Improvement.
Superior Service (Exceeds Expectations.)
Completely Satisfactory Transaction.
Smooth Evolution.
Market Share.
Dynamic/Different
Dramatic Difference!
Disruptive!
Insanely Great!
(Quality++++)
Life-(Industry-)changing Experience!
Game-changing!
WOW!
Surprise!
Delight!
Breathtaking!
Punctuated Equilibrium!
Market Creation!
EXCELLENCE
=
Flawless
EXECUTION
+ Continuous
IMPROVEMENT
+ Brilliantly Trained
PEOPLE
+
Gamechanging
QUESTS
+
WEIRD
Rosters +
GASPWORTHY
Results
Are you the …
*E.g.: Your
R&D budget as robust as the New Products team?
Fleet Manager
Rolling Stock Cost
Minimization Officer vs/or
Chief of Fleet Lifetime
Value Maximization
Strategic Supply-chain Executive
Customer Experience Director
(via drivers)
“Purchasing Officer” Thrust #1:
(at All Costs*)
Cost
Minimization
Professional
?
Or/to:
(*Lopez: “Arguably ‘Villain #1’ in GM tragedy”/Anon VSE-Spain)
2 m
38 s
HCare CIO :
“Technology
Executive”
(workin’ in a hospital)
Or/to:
Full-scale,
Accountable
(life or death)
Member-Partner of XYZ
Hospital’s
(who happens to be a techie)
Was
PSF Transformation: Credit Department/Trek
Is
Credit Dept
Hammer on dealers until they pay
AR sold to 3 rd party commercial co.
23 employees
Oversee peak AR of $70M
Identify risky dealers
Cost Center
No products
Financial Services
Make dealers successful so they
CAN pay
Trek is the commercial financial
Company
12 employees
Oversee peak AR of $160M
Identify opportunities
Profit Center
Products: Consulting, MC/Visa,
Stored value of gift cards, Gift card peripherals, Online payments
Source: John Burke/0330.06
Source: WSJ
WDCP*:
to remove
“problem beaver”;
for flood-control piping … so that beavers can stay.
*
“Wildlife Damage-control Professional”
Source: WSJ
VALUE
ADDED
#8B
—Steve Jobs
Your Current Project?
1. Another day’s work/Pays the rent.
4. Of value.
7. Pretty Damn Cool/Definitely
10.
subversive.
WE AIM TO CHANGE THE
WORLD.
(Insane!/Insanely
Great!/WOW!)
“Astonish me!”
(S.D)
.
“Build something great!”
(H.Y.) .
“Make it immortal!”
(D.O.)
— TP
—S.H.
A “position” is not an
“accomplishment.”
—TP
(a few)
*Can be Client, supplier … as well as Insider
*Can be Client, supplier … as well as Insider
Where to look for “Playmates”:
F.F.F.F.
(Find a Fellow Freak Faraway)
Forward, march:
Where NOT to look for “Playmates”:
UP
Culture of Prototyping
“ Effective prototyping may be
an innovative organization can hope to have.”
—Michael Schrage
Starting a
Premise:
“Somewhere in your organization, groups of people are already doing things differently and better. To create lasting change, find these areas of positive deviance and fan the flames.”
—Richard Tanner Pascale & Jerry
Sternin, “Your Company’s Secret Change Agents,” HBR
“Some people look for things that went wrong and try to fix them.
I look for things that went right, and try to build off them.”
—Bob Stone
(Mr ReGo)
Demo = Story
“A key – perhaps the key – to leadership is the effective communication of a story.”
—Howard Gardner, Leading Minds:
An Anatomy of Leadership
REAL Org Change: Demos & Models
(“Model
Installations,” “ReGo Labs”)/ Heroes (mostly extant: “burned to reinvent gov’t”)/ Stories & Storytellers
(Props!)/
Chroniclers
(Writers, Videographers, Pamphleteers, Etc.)/
Cheerleaders & Recognition
(Pos>>Neg, Volume)/
New Language
(Hot/Emotional/WOW)/
Seekers
(networking mania)/
Protectors
/
Support Groups
/
End Runs —“Pull Strategy”
(weird alliances, weird customers, weird suppliers, weird alumnae-JKC)/
Field “Real
People” Focus
(3 COs) (long way away)/
Speed
(O.O.D.A. Loops —act before the “bad guys” can react)
C.f., Bob Stone, Lessons from an Uncivil Servant
JKC
1. Scour for renegades; wine & dine.
2. Go outside for funds.
(AP)
Build a “School on top of a school”/Continuing-
Exec Ed (The Parallel
Universe Strategy)
Stories … Paint me a picture … Story
“infrastructure” … Demos
… Quick prototypes …
Experiments … Heroes …
Renegades … Skunkworks
… Demo Funds … V.C.
… G.M.
… Roster … Portfolio …
Stone’s Rules … JKC’s Rules
*Observe. Orient. Decide. Act. / Col. John Boyd
Subversive Change
Be(very)ware “genetic constraints” (history’s looong arm)
You must “do” Gandhi
Hire weird (fulltime or temp)
Find the extant crazies (troll for them via offers to join weird project teams)
Create a (quiet) “Crazies Club”/Keep extendin’ the Web
Create “boondocks projects” by the truckload (with partners of every flavor)
Understand: Yours is a “protection racket”
Sky High Standards!! (There’s a deadly serious reason for
“all this”—life or death)
TP Heroes: Allan Puckett; Bob Stone; Jill Ker Conway;
Kelly Johnson; John Boyd
Never doubt that a small group of committed people can change the world. Indeed it is the only thing that ever has.”
—Margaret Mead
SP: “But can you turn a ‘defensive player’ into an ‘offensive player’?”
TP: “Yes! Work with him/her to re-frame their principal project to the point that their ego is fully engaged and it becomes something of a ‘life compulsion.’ ” *
* “If you and I had $150K in the bank and on the line and the day before the opening the Fire Inspector …”
VALUE
ADDED
#8C
EXCELLENCE.
VALUE-ADDED LADDER II.
EXPERIENCE IT.
—Joe Pine & Jim Gilmore, The
Experience Economy: Work Is Theatre & Every Business a
Stage
“The [ Starbucks ] Fix” Is on …
And I really believe that sets us apart. The third place is that place that’s not work or home. It’s the place our customers come for refuge.”
—Nancy Orsolini, District Manager
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
is more than just a ‘resort’; it’s a means of rediscovering oneself, of inventing an entirely new ‘me.’ ”
Source: Jean-Marie Dru, Disruption
Up,
Up,
Up,
Up the Value-added Ladder.
The Value-added Ladder/ MEMORABLE CONNECTION
Gamechanging Solutions
Services
Goods
Raw Materials
Beyond the “Transaction”/ “Satisfaction” Mentality
“Good hotel”/ “Happy guest”/
“Exceeded Expectations” vs.
“Great Vacation”/
“Great Conference”/
“Operation Personal
Renewal”
Q: “Why did you buy Jordan’s
Furniture?”
A: “Jordan’s is spectacular.
Source:
Warren Buffet interview/
Boston Sunday Globe/12.05.2004
C O*
*Chief e
X perience Officer
“
But that is what the market will cry out for in the future. There is no lack of ‘physical’ products to choose between.”
Jesper Kunde, Unique Now ... or Never [on the excellence of
Nokia, Nike, Lego, Virgin et al.]
Extraction & Goods:
Male dominance
Services &
Experiences:
—Martin Buber, I and Thou
(from Steve Yastrow,
, 1927
We )
“The Mexican Sierra has 17 plus 15 plus 9 spines in the dorsal fin. These can easily be counted. But if the sierra strikes on the line so that our hands are burned, if the fish sounds and nearly escapes and finally comes in over the rail, his colors pulsing and his tail beating the air, a whole new relational externality has come into being—an entity which is more than the sum of the fish plus the fisherman.
The only way to count the spines of the sierra unaffected by this second relational reality is to sit in a laboratory, open an evil-smelling jar, remove a stiff colorless fish from the formalin solution, count the spines and write the truth. There you have recorded a reality which cannot be assailed—probably the least important reality concerning the fish or yourself. … It is good to know what you are doing. The man with this pickled fish has set down one truth and recorded in his experience many lies.
The fish is not that color, that texture, that dead, nor does he smell that way.” —John Steinbeck
"A cynic is a man who knows the price of everything and the value of nothing"
—Oscar Wilde
Where Are Your
“2-cent Candies”?
Beltramo’s checkout.
SFFD door-to-door firehazard check.
Carpet installer booties.
Singapore candies @
Immigration
And You?
Stockholm:
(August)
The …
F L O W E R
P O W E R
“Courtesies of a small and trivial character are the ones which strike deepest in the grateful and appreciating heart.”
—Henry Clay
VALUE
ADDED
#8D
“The ‘surplus society’ has a surplus of companies, employing similar similar people, with similar educational backgrounds, coming up with similar ideas, producing similar things, with similar prices and s imilar quality.”
—Kjell
Nordström and Jonas Ridderstråle, Funky Business
un
—Barry Gibbons on “Nightmare No. 1”
$415
$798
#1/100
“ Best Companies to
Work for” / 2005
7X.
F12A
*
’93-’03/10 yr annual return: CB: 29%; WM: 17%;
HD: 16%. Mkt Cap: 48% p.a.
s
,
s.”
—Starbucks middle manager/field
—Chinese Proverb
#1T.
Weymouth MA
#1T.
Jim Penman/“Empire Builders”/
Jan/Feb 2006/Australia
MT /
:
Jim Penman.*
1984: Jim’s Mowing. 2006: Jim’s Group.
2,600 franchisees
(Australia, NZ, UK).
Cleaning. Dog washing. Handyman.
Fencing. Paving. Pool care. Etc.
“People first.” Private. Small staff. Franchisees can leave at will. 0-1 complaint per year is norm; cut bad ones quickly.
*Ph.D. cross-cultural anthropology; mowing on the side
Source: MT/Management Today (Australia), Jan-Feb 2006
The “Missing 900M”
—C hen Guidi and Wu Chuntao
#1T.
And the Winner is …
1. Audacity of Vision
2. Innovation/R&D/Design
3. Talent Acquisition &
Development
4. Resultant “Experience”
5. Strategic Alliances
6. Operations
7. Financial Management
8. Overall/Sustaining Excellence
9. “Wow!”
10.
Lovemark!
“Every time we come to a comfort zone, we will find a way out.” “No Cloning.” “‘Reinvent the brand’ with each new show.”
“A typical day at the office for me begins by asking, ‘What is impossible that I am going to do today?’”
—Daniel Lamarre, president,
Cirque du Soleil
…
*Or: Why it’s so ABSURDLY EASY to
BEAT a
GIANT
Company
The “Small Guys” Guide: Wallop Wal*Mart16
* Niche-aimed.
(Never, ever “all things for all people,” a “mini-
Wal*Mart.)
*
Never attack the monsters head on!
(Instead steal niche business and lukewarm customers.)
* “Dramatically
Different”
(La Difference ... within our community, our industry regionally, etc … is as obvious as the end of one’s nose!) (THIS IS
WHERE MOST MIDGETS COME UP SHORT.)
*
Compete on value/experience/intimacy, not price.
(You ain’t gonna beat the behemoths on cost-price in 9.99 out of 10 cases.)
*
Emotional bond with Clients, Vendors.
(BEAT THE BIGGIES
ON EMOTION/CONNECTION!!)
“This is an essay about what it takes to create and sell something remarkable. It is a plea for originality, passion, guts and daring. You can’t be remarkable by following someone else who’s remarkable. One way to figure out a theory is to look at what’s working in the real world and determine what the successes have in common. But what could the Four Seasons and Motel 6 possibly have in common? Or Neiman-
Marcus and Wal*Mart? Or Nokia (bringing out new hardware every 30 days or so) and
Nintendo (marketing the same Game Boy 14 years in a row)? It’s like trying to drive looking in the rearview mirror.
The thing that all these companies have in common is that they have nothing in common .
They are outliers. They’re on the fringes. Superfast or superslow. Very exclusive or very cheap. Extremely big or extremely small. The reason it’s so hard to follow the leader is this: The leader is the leader precisely because he did something remarkable. And that remarkable thing is now taken —so it’s no longer remarkable when you decide to do it.”
—Seth Godin, Fast Company
The “Small Gu y s” Guide: Wallop Wal*Mart16
*
Hands-on, emotional leadership.
(“We are a great & cool & intimate & joyful & dramatically different team working to transform our Clients lives via Consistently Incredible
Experiences!”)
*
A community star!
(“Sell” local-ness per se. Sell the hell out of it!)
*
An incredible experience, from the first to last moment —and then in the follow-up!
(“These guys are cool! They ‘get’ me! They love me!”)
*
DESIGN DRIVEN!
(“Design” is a premier weapon-inpursuit-of-the sublime for small-ish enterprises, including the professional services.)
The “Small Guys” Guide: Wallop Wal*Mart16
*
Employer of choice.
(A very cool, well-paid place to work/learning and growth experience in at least the short term … marked by notably progressive policies.) (THIS IS EMINENTLY DO-ABLE!!)
*
Sophisticated use of information technology
. (Small“ish” is no excuse for “small aims”/execution in IS/IT!)
*
Web-power!
(The Web can make very small very big … if the product-service is super-cool and one purposefully masters buzz/viral marketing.)
*
Innovative!
(Must keep renewing and expanding and revising and reimagining “the promise” to employees, the customer, the community.)
The “Small Guys” Guide: Wallop Wal*Mart16
*
Brand-Lovemark*
(*Kevin Roberts)
Maniacs
!
(“Branding” is not just for big folks with big budgets. And modest size is actually a Big Advantage in becoming a local-regionalniche “lovemark.”)
*
Focus on women-as-clients.
(Most don’t. How stupid.)
*
(A small player … per me … has no right or reason to exist unless they are in Relentless
Pursuit of Excellence. One earns the right —one damn day and client experience at a time!
—to beat the Big Guys in your chosen niche!)
tom peters:
Passion for PRODUCT.
OBSESSION With Product .
LOVE The Product.
Aim To Be “ONLY ONES WHO DO WHAT WE DO.”
Keep ADDIN’ Stuff.
Invest “UNWISELY” in R&D.
Reside Permanently In The DISCOMFORT Zone.
“Unhealthy” PARANOIA Is A Good Thing.
Add Clients That PUSH-PULL.
SELL.
SELL. SELL.
SELL.
Go For Broke: CUSTOMER CONTACT PEOPLE.
PERFECTION: Customer Contact People.
Hire for ATTITUDE.
INVITE On An Adventure.
GREAT CFO/Biz Guy-Gal.
NASTY CFO/Biz Guy-Gal.
QUADRANGULAR LEADERSHIP: Visionary-Talent Fanatic-
Project Manager-I.P.M.
(I.P.M. = Inspired Profit Mechanic)
Seminars + Travel: 65%
Research & Writing: 40-50% *
Admin/“Stuff”: 15%
*Greater than 100%; considerable research-writing is performed on the road
GREAT Logo.
DESIGN!
“OVERDO” Marketing Materials.
WOMEN Roar. WOMEN Rule. WOMEN Buy.
Diversity = $$$$$$
Be RELENTLESS.
Cut And RUN.
Product Includes-Features the PACKAGING.
Define Your DRAMATIC DIFFERENCE (R.P.O.V.8)
Best STORY Wins.
DRESS For Success.
First Goal: AMUSE Yourself.
Know YOURSELF.
DON’T Do Stuff You Hate.
“Over-invest” In RELATIONSHIPS.
(R.O.I.R.: Return On Investment in Relationships)
SYSTEMATICALLY “Manage” Relationships.
“Work” The SUPPORT PEOPLE In Client Orgs.
BLOG As If Your Life Depended On It.
SOPHISTICATED Use Of Infotech.
RESPONSE To Problems.
Make ’Em PAY.
CLOSE The Sale.
Invest BIGTIME In PR.
Media FRIENDLY.
Live-ToSCHMOOZE.
Fun/Laughter = $$$$
MBWA: Stay In Touch.
“You Must Be The Change You Wish
To See In The World”/ GANDHI
5K For 5M.
Your CALENDAR Never Lies.
OUT: Pastels.
IN: T e c h n i c o l o r
JUST SAY “NO” TO C.E.O.: CIO /Chief Innovation
Officer. CSO /Chief Sales Officer. CWO /
Chief Wow Officer
EXCELLENCE Is Very Cool.
“MICRO-MANAGE” Your Reputation.
Wear Your Integrity On Your SLEEVE.
KEEP Your Promises.
EXECUTION !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
“A Man Without A Smiling Face
MUST NOT Open His Shop.”
RECOGNITION!
Work HARD, Not Smart.
“Insanely Great.” THE STANDARD.
—Chinese Proverb
Tom/2006/Q97-Q100
Study more.
Renew more.
Tailor more.
Offer more.
Listen more.
Market more.
Practice more.
Challenge more.
Socialize more.
Smile more.
Follow-up more.
Plan execution more.
Cost control more .
The Fab Five: What Every Small Biz Needs
Success
=
DDMMPR/
"D-squared, Msquared, PR” =
DramDiff
+
Money-Financial
Acumen
+ Good “Marketing”
Instincts
+
Stellar People
+
Resilience
Hmmm …
Bacteria.
(“Left tail” limits.)
Productivity of small.
Failure rate of Big Mergers.
Failure rate of Big Companies.
Terrorists.
Galbraith vs Hayek.
Productivity Pandemic
(Many, Many)
“While many people big oil finds with big companies, over the years about
of the oil found in the United States has been brought in by wildcatters such as Mr Findley, says Larry Nation, spokesman for the American
Association of Petroleum
Geologists.”
—WSJ, “Wildcat Producer Sparks Oil
Boom in Montana,” 0405.2006
A Few Biases You Should Know About
* I am not a macro-economist.
* I am wholly biased by 30 years (1970-2000) in Silicon Valley
* I would rather work for e
Bay than BankAmerica.
.
* I believe that the Giant Merger Game is the single greatest waste of energy in the world of business.
* Economies of scale are wildly over-rated.
* I find the entire notion of “career” to be disturbing and a little silly.
* I find the notion of “built to last” hilarious.
* Between 1965 and 1980 I turned 179.9 degrees from “Mr Big
Government” to “Mr ‘Cool’ Entrepreneur.” (Thank you,
Frank Perdue.)
* Joseph Schumpeter (“gales of creative destruction”) and F.A. Hayek are my economist “gods”; JK Galbraith is my bête noir.
* “Innovation” is a wonderfully messy & chaotic process—not amenable to “strategic plans.”
*I believe in Luck. (Fooled by Randomness —best book
I’ve ever read.)
—by Bo Burlingham
Small Giants/Bo Burlingham
"First, I could see that, unlike most entrepreneurs, their founders and leaders had recognized the full range of choices they had about the type of company they would create."
"Second, the leaders had overcome the enormous pressures on successful companies to take paths they had not chosen and did not necessarily want to follow."
"Third, each company had an extraordinarily intimate relationship with the local city, town, or county in which it did business — a relationship that went well beyond the usual concept of ‘giving back.'"
"Fourth, they cultivated exceptionally intimate relationships with customers and suppliers , based on personal contact, one-on-one interaction, and mutual commitment to delivering on promises."
Small Giants/Bo Burlingham
"Fifth, the companies also had what struck me as unusually intimate workplaces ."
"Sixth, I was impressed by the variety of corporate structures and modes of governance that these companies had come up with."
"Finally, I noticed the passion that the leaders brought to what the company did. They loved the subject matter , whether it be music, safety lighting, food, special effects, constant torque hinges, beer, records storage, construction, dining, or fashion."
“We share the Zingerman’s experience selling food that makes you happy, giving service that makes you smile—in passionate pursuit of our mission, showing love and caring in all our actions to enrich as many lives as we possibly can.”
—Zingerman’s Guide to Giving Great Service /
Ari Weinzweig/Ann Arbor MI
—Michael Shuman
I [“Bacteria Man”] HEREBY PLEDGE:
When asked, “What are some examples of companies stepping up to today’s challenges?” … I will …
… offer an example of a
Giant Company; instead I’ll refer to
Cirque du Soleil , Donnelly’s Weather Strip
Service , 3K tanning salons , 10.6M women-owned businesses (or the typically/95+% female recipients of micro-lending) …*
*There is more to Biz Life than Giant Cos … LOTS MORE … that “hidden 99%”
Q: Why isn’t the mainstream business press interested in the “missing 90%” of the Economy
?
A(?): (1) Ad revenue.
(2) Hard work.
Grameen Bank/Mohammed Yunus
Small can be beautiful & powerful!
People first!
Trust!
Women rule!!!!!!!!
Giant forests from tiny seedlings!
Self reliance!
Community based!
Self/Small group management!
Banish the bureaucrats!
Keep it simple, stupid!
Hands on!
Etc.
Etc.
Stephen Jay Gould:
[e.g. humans]
VALUE
ADDED
#8E
EXCELLENCE.
VALUE-ADDED LADDER III.
DREAM
:
“A dream is a complete moment in the life of a client.
Important experiences that tempt the client to commit substantial resources. The essence of the desires of the consumer. The opportunity to help clients become what they want to be.”
—Gian Luigi Longinotti-Buitoni
The Marketing of Dreams (Dreamketing)
Dreamketing: Touching the clients’ dreams.
Dreamketing: The art of telling stories and entertaining.
Dreamketing: Promote the dream, not the product.
Dreamketing: Build the brand around the main dream.
Dreamketing: Build the “buzz,” the
“hype,” the “cult.”
Source:
Gian Luigi Longinotti-Buitoni
Furniture vs. Dreams
“We do not sell ‘furniture’ at Domain.
.
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
“At our core, we’re a coffee company, but the opportunity we have to extend the brand is beyond coffee;
—Howard Schultz (“The Starbucks Aesthetic,” NYT , 10.22.06)
“No longer are we only an insurance provider.
Today, we also offer our customers the products and services that help them achieve their dreams
— whether it’s financial security, buying a car, paying for home repairs, or even taking a dream vacation.”
— Martin Feinstein,
CEO, Farmers Group
Six Market Profiles
1. Adventures for Sale
2. The Market for Togetherness,
Friendship and Love
3. The Market for Care
4. The Who-Am-I Market
5. The Market for Peace of Mind
6. The Market for Convictions
Rolf Jensen/ The Dream Society: How the Coming Shift from
Information to Imagination Will Transform Your Business
Six Market Profiles
1. Adventures for Sale/
IBM-UPS
2. The Market for Togetherness, Friendship and Love/
IBM-UPS
3. The Market for Care/
IBM-UPS
4. The Who-Am-I Market/
IBM-UPS
5. The Market for Peace of Mind/
IBM-UPS
6. The Market for Convictions/
IBM-UPS
Rolf Jensen/ The Dream Society: How the Coming Shift from
Information to Imagination Will Transform Your Business
Up,
Up,
Up,
Up the Value-added Ladder.
The Value-added Ladder/ EMOTION
Spellbinding Experiences
Gamechanging Solutions
Services
Goods
Raw Materials
The (NEW) Value-added Ladder
Dreams Come True
Spellbinding Experiences
Gamechanging Solutions
Services
Goods
Raw Materials
C
*Chief Dream Merchant
IBM
IBM
UPS
“The sun is setting on the Information Society—even before we have fully adjusted to its demands as individuals and as companies. We have lived as hunters and as farmers, we have worked in factories and now we live in an information-based society whose icon is the computer.
… Future products will have to appeal to our hearts, not to our heads. Now is the time to add emotional value to products and services.”
Rolf Jensen/ The Dream Society:How the Coming Shift from
Information to Imagination Will Transform Your Business
VALUE
ADDED
#8F
EXCELLENCE.
VALUE-ADDED LADDER IV.
—Kevin Roberts/Saatchi & Saatchi
Kevin Roberts:
!
Brand …………………………………………………. Lovemark
Recognized by consumers ………………. Loved by People
Generic ………………………………………………… Personal
Presents a narrative ………………….. Creates a Love story
The promise of quality ……………… A touch of Sensuality
Symbolic ………………………………………………….. Iconic
Defined ………………………………………………….. Infused
Statement ………………………………………………….. Story
Defined attributes ……………………... Wrapped in Mystery
Values ………………………………………………………. Spirit
Professional …………………………... Passionately Creative
Advertising agency ………………………….. Ideas company
Source: Kevin Roberts, Lovemarks
“ When we were working through the essentials of a
Lovemark,
was always at the top of the list.”
— Lovemarks: The Future Beyond Brands , Kevin Roberts
— Lovemarks: The Future Beyond
Brands, Kevin Roberts
: 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
Top 10 “Tattoo Brands”*
Harley .… 18.9%
Disney .... 14.8
Coke …. 7.7
Google .... 6.6
Pepsi .... 6.1
Rolex …. 5.6
Your name here … ??
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
Dreams Come True
Spellbinding Experiences
Gamechanging Solutions
Services
Goods
Raw Materials
C O*
*Chief
Lovemar k Officer
IBM
UPS
PSF
Logistics “Department”
HR “Department”
Up,
Up,
Up,
Up the Value-added Ladder.
Lovemark
Dreams Come True
Spellbinding Experiences
Gamechanging Solutions
Services
Goods
Raw Materials
VALUE
ADDED
#8G
— Branded Nation: The Marketing of Megachurch,
College Inc., and Museumworld , James Twitchell
C O*
*Chief
Storytelling
Officer
“We are in the twilight of a society based on data. As information and intelligence become the domain of computers, society will place more value on the one human ability that cannot be automated: emotion. Imagination, myth, ritual - the language of emotion - will affect everything from our purchasing decisions to how we work with others.
Companies will need to understand that their products are less important than their stories.” —Rolf Jensen, Copenhagen Institute for Future Studies
VALUE
ADDED
#8H
TP:
Franchise Lost!
[600]
NYC/IIR/061205
All Equal Except …
“At Sony we assume that all products of our competitors have basically the same technology, price, performance and features.
Design is the only thing that differentiates one product from another in the marketplace.”
—Norio Ohga
—Fortune
“We don’t have a good language to talk about this kind of thing. In most people’s vocabularies, design means veneer. … But to me, nothing could be further from the meaning of design.
—Steve Jobs
“With its carefully conceived mix of colors and textures, aromas and music,
Starbucks is more indicative of our era than the iMac. It is to the Age of
Aesthetics what McDonald’s was to the Age of
Convenience or Ford was to the Age of Mass
Production —the touchstone success story, the exemplar of … the aesthetic imperative. …
‘Every
Starbucks store is carefully designed to enhance the quality of everything the customers see, touch, hear, smell or taste,’ writes CEO Howard Schultz.”
-—Virginia Postrel, The Substance of Style: How the Rise of Aesthetic
Value Is Remaking Commerce, Culture and Consciousness
Marketing “Magic”*
*E.g.: ZMET/Zaltman Metaphor Evaluation Technique
Westin’s …
C O *
*Chief
Design
Officer
“The Mexican Sierra has 17 plus 15 plus 9 spines in the dorsal fin. These can easily be counted. But if the sierra strikes on the line so that our hands are burned, if the fish sounds and nearly escapes and finally comes in over the rail, his colors pulsing and his tail beating the air, a whole new relational externality has come into being—an entity which is more than the sum of the fish plus the fisherman.
The only way to count the spines of the sierra unaffected by this second relational reality is to sit in a laboratory, open an evil-smelling jar, remove a stiff colorless fish from the formalin solution, count the spines and write the truth. There you have recorded a reality which cannot be assailed—probably the least important reality concerning the fish or yourself. … It is good to know what you are doing. The man with this pickled fish has set down one truth and recorded in his experience many lies.
The fish is not that color, that texture, that dead, nor does he smell that way.” —John Steinbeck
“One bank is currently claiming to … ‘
—Charles Handy
—Charles Handy
“Between the local people and the top [of
FEMA] seem to be about seven or eight layers of people who need to get a life.”
—Mayor Bill White, Houston
450/8
Grunge Removal 101
"A business unit strategy should be less than fifty pages long and should be easy to understand.
Its essence should be describable in one page ... If you can't describe your strategy in twenty minutes, simply and in plain language, you haven't got a plan.”
—Larry Bossidy
“Seek honest, minimalist management.
Look for companies run by a team that explains things clearly and briefly. …
You can tell a lot about the firm by reading an annual report or two.
If management can’t explain the business in plain English, move on to another firm.
If you see phrases like ‘creating knowledge-based value in emerging markets’ … someone is trying to pull the wool over your eyes, you lazy Fool. Run.”
—Seth Jayson, “Stocks for the
Lazy Investor,” The Motley Fool
First Steps: “Beauty Contest”!
1. Select one form/document: invoice, airbill, sick leave policy, customer returns claim form.
2. Rate the selected doc on a scale of
1 to 10 [1 = Bureaucratica
Obscuranta/Sucks; 10 = Work of
Art] on four dimensions:
Beauty. Grace.
Clarity. Simplicity.
3. Re-invent!
4. Repeat, with a new selection, every 15 working days.
“ I wanted GE to operate with the speed, informality, and open communication of a corner store. Corner stores often have strategy right. With their limited resources, they have to rely with laser-like focus on doing one thing very well.”
—Jack Welch/
Fortune /04.05
VALUE
ADDED
#8I
*Chief
Revenue
Officer
C O*
*Chief e
X perience Officer
C
*Chief Dream Merchant
C O*
*Chief
Festivals
Officer
*Chief Portal Impresario
C O*
*Chief
Conversations
Officer
C O*
*Chief
Lovemark
Officer
C O*
*Chief
Seduction
Officer
C O*
*Chief
Storytelling
Officer
C O *
*Chief
Design
Officer
C O*
*Chief talent acquisition Officer
C O*
*Chief freaks acquisition Officer
C O*
*Chief quest-meister
C O*
*Chief
Thrills
Officer
C O*
*Chief
Transcendence
Officer
C
*Chief
WOW
Officer
O*
C O*
*Chief
!
Officer
—section title, Branded Nation: The Marketing of Megachurch,
College Inc., and Museumworld , James Twitchell
VA “Teaching Moment”
VALUE
ADDED
#9
To The Mat:
The “5 Damn Its”
PSF.
Brand you.
R.f.a.
EXCELLENCE. ALWAYS.
EXCELLENCE.
ALWAYS.
WOMEN.
BOOMERS.
GEEZERS.
OPPORTUNITY.
$$$$$$$$$$$.
ENORMOUS.
Tom Peters/11.02.2006/Version.153
not.
Yet.
Done.
women.
BOOMERS.
GEEZERS.
women.
BOOMERS.
GEEZERS.
Amazon Reviewer:
MB book]
“‘Trends’
[TPis old news!”
(1 of 5 stars)
TP: “Repeating it doesn’t make it
‘old.’
Tom Peters/10.10.2006
The Copenhagen (Self) Pact re “This Topic”:
*Early!
*Loud!
*Repetitive!
*Aggressive!
*Unfriendly!/rude!/ insulting!
BOOMERS.
GEEZERS.
women.
China
India
Internet
—Headline,
Economist , April 15, 2006, Leader, page 14
Women’s Trifecta+
*
*
*
+
(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 WOMaN-
BOOMER-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.
not.
Yet.
Done.
Boomers’-Geezers’ Trifecta
*Buy/ all
*Wealth/ all
*time left/ lots
Boomers’-Geezers’-Women’s Trifecta+
*Buy/ all
*Wealth/ all
*time left/ lots
*Eclipse of males/ retire-die
Only 50% done!
!!!!!!!!!!!!!!!!!
—Bill Novelli, 50+: Igniting a Revolution to Reinvent America
not.
Yet.
Done.
Just Say “No” (!):
Objections
Don’t believe the DATA
Don’t believe the ENORMITY of the opportunity
Don’t believe the UBIQUITY of the opportunity
Think they “GET IT”
See it as an “Initiative”
Flies in the face of CONVENTIONAL MARKETING WISDOM
Don’t see it as … THE ESSENCE OF STRATEGIC POSITIONING
Fail to understandTAKE FULL ADVANTAGE “Everything must be changed” (It’s a “Culture” issue)
Look at it analytically; miss the need for OBSESSION
Subconsciously threatened!!??
Occasion to make JOKES
*No middle ground at the level of Extreme Commitment I’m suggesting
=
*
*and you are not stupid
Amazon Reviewer:
MB book]
“‘Trends’
[TPis old news!”
(1 of 5 stars)
TP: “Repeating it doesn’t make it
‘old.’
!”
VALUE
ADDED
#9A
BOOMERS.
GEEZERS.
“
is too kind a word.
—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 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 sick man.”
—Tom Peters
“
is too kind a word.
????????
????????
“ To be a leader in consumer products, it’s critical to have leaders who represent the population we serve.”
—Steve Reinemund/PepsiCo
A[nother] Delightful Blinding
Flash of the Obvious!* **
“P&G does more than half its business outside the U.S., so [CEO A.G.] Lafley has recast his top executive group to be 50% non-
American.”
— Fortune , 1218.06
*I’ll take it!
**Women next? 85%?
“A couple of years ago, the Los Angeles division
[of John Laing Homes] decided it was going to become the king of Hispanic housing
[sarcasm], because our research shows there’s a huge demand. They were right to go after that market, but I looked around the room, and it’s full of white guys. They were telling us how much they know about
Hispanic buyers, and they were making it up.
… We’re getting better now.
We hired two smart, young Hispanic managers. … We are working through a partnership with [former HUD secretary]
Henry Cisneros. We’re learning, but we have a long way to go.” —Larry Webb
200
“Kodak Sharpens Digital Focus
On Its Best Customers:
—Page 1 Headline/ WSJ / 0705
Just Say No.
—Fara Warner/ The Power of the Purse
“Women make 80 percent of all buying decisions. They control
$7 trillion in purchasing power.
By 2010 they'll control more than $13 trillion in private wealth. And that's just in
America. Globally, women's soaring economic power is changing business forever
.
”
—Fara Warner
?????????
Home Furnishings … 94%
Vacations … 92%
(Adventure Travel … 70%/ $55B travel equipment)
Houses … 91%
D.I.Y.
(major “home projects”)
… 80%
Consumer Electronics … 51%
(66% home computers)
Cars … 68% (90%)
All consumer purchases … 83%
Bank Account … 89%
Household investment decisions … 67%
Small business loans/biz starts … 70%
Health Care … 80%
Women
Household spending:
80%
Investment decisions:
53%
Home improvement purchase decisions:
80%
New cars:
60%+
Computers:
60%
Managers and professionals, overall:
51%
New businesses started:
70% *
(*Women-owned businesses as a share of all new businesses: Employee growth, 3X; Sales growth, 4X.)
Source: Marti Barletta, PrimeTime Women (2007)
USA/F.Stats: Short ’n (Very) Sweet
>50% of stock ownership, $13T total wealth (2X in 15 years)
>$7T consumer & biz spending (>50% GDP; > Japan GDP);
>80% consumer spdg (Consumer = 70% all spdg)
57% BA degrees (2002); = ed & social strata, no wage gap
60% Internet users; >50% primary users of electronic equipment
>50% biz trips
WimBiz: Employees > F500; 10M+: 33% all US Biz
Pay from 62% in 1980 to 80% today; equal if education, social status, etc are equal
60% work; 46M (divorced, widowed, never married)
Source: Fara Warner,
The Power of the Purse
Women > 50% of Household Income in >50% of households.
In 48% of the 55% of households/married couples, women provide >50% of income. 27% of households are headed by a single female. 75% of married female execs with the rank of VP or above out earn their spouse. Women control 51% of private wealth in the U.S.; head 40% of households with
>$600K assets; 47% of market investors are women.
Major Credit Union: pre Y2K, modal customer was 53-year-old family man; today, 46-year-old single working woman.
Commercial: 51% purchasing managers are women.
Women make >80% consumer purchases; businesswomen make >90% of household purchasing decisions. Women:
70% of travel decisions; purchase 57% of consumer electronics; write 80% of personal checks; purchase >50% of cars (primary influence >80%).
Source:
Don’t Think Pink: What Really Makes Women Buy—and How to
Increase Your Share of This Crucial Market , Lisa Johnson & Andrea Learned
1970-1998
Men’s median income: +0.6%
Women’s median income:
+ 63%
Source: Martha Barletta, Marketing to Women
Commercial Purchasing Power
Purchasing mgrs. & agents: 51%
HR: >>50%
Admin officers: >50%
Source: Martha Barletta, Marketing to Women
60%
*“manage their lives and the lives of their families” —
Kelley Mooney, president, Resource Interactive
Source: Fara Warner, The Power of the Purse
The “91% Factor”!
More than 9 in 10 women age 35 - 49 say they either make or at least equally influence their household purchases of home electronics .
Source: Andrea Learned, co-author, Don’t Think Pink
91%
Source: Greenfield Online for Arnold’s Women’s Insight
Team (Martha Barletta, Marketing to Women)
“The most significant variable in every sales situation is the gender the buyer, and more importantly, how the salesperson communicates to the buyer’s gender.” of
—Jeffery Tobias Halter, Selling to Men, Selling to Women
The Perfect Answer
Jill and Jack buy slacks in black…
She knows more about the
[Volvo] than the sales her at the door. But how is she treated? As if she has a slightly has car; and if she brought a male friend time hard of hearing no right who greets low IQ , is
, and really to be buying a luxury with her, odds are 10:1 that the clueless salesperson spent most of his speaking to him .” man
—Selling to Men, Selling to Women , Jeffery Tobias Halter
Faith Popcorn & Lys Marigold
EVEolution : Truth No.1
“The ‘Connection Proclivity’ in women starts early. When asked,
‘How was school today?’ a girl usually tells her mother every detail of what happened, while a boy might grunt, ‘Fine.’ ”
EVEolution
Week #8:
*
*Louann Brizendine, Neuropsychiatrist,
The Female Brain
. Week
#8/Testosterone surge kills : communication cells
; grows : sex & aggression cells
. Also/E.g.: 10X to 20X, F eye contact/look for emotional signals by 3 months. Later: F, more sentences that begin with “Let’s …”; more likely to take turns
“ Women speak and hear a language of connection and intimacy, and men speak and hear a language of status and independence. Men communicate to obtain information, establish their status, and show independence.
Women communicate to create relationships, encourage interaction, and exchange feelings.”
—Judy Rosener, America’s Competitive Secret
EVEolution
Selling to men: The
TRANSACTION Model
Selling to Women: The
RELATIONAL Model
Source:
Selling to Men, Selling to Women
, Jeffery Tobias Halter
Editorial/Men: Tables, rankings.*
Editorial/Women:
that cohere.*
*Redwood (UK)
Purchasing Patterns
Women: Harder to convince; more loyal once convinced.
Men: Snap decision; fickle.
Source: Martha Barletta, Marketing to Women
“The ‘Connection Proclivity’ in women starts early. When asked,
‘How was school today?’ a girl usually tells her mother every detail of what happened, while a boy might grunt, ‘Fine.’ ”
EVEolution
“ Women speak and hear a language of connection and intimacy, and men speak and hear a language of status and independence. Men communicate to obtain information, establish their status, and show independence.
Women communicate to create relationships, encourage interaction, and exchange feelings.”
—Judy Rosener, America’s Competitive Secret
“A woman can effortlessly speak 6,000 to 8,000 words a day, use an additional
2,000-3,000 vocal sounds and 8,000-
10,000 gestures and body signals. A man utters 2,000-4,000 words, 1,000-
2,000 vocal sounds and makes 2,000-
3,000 body language signals. other words, women
In communicate three times more than men.”
—Barbara and Allan Pease (from Selling to Men, Selling to Women , Jeffery Tobias Halter)
2.6
“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
Discover, by accident,
“blue ocean”
[women’s financial needs]
!
Ignore your
[Dean Witter] boss!
Sell 750,000 copies of your latest book to Wells Fargo
Home Mortgage!
Source: the David Bach story, including
Smart Women Finish Rich, per IBD (01.08.07)
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.
P-l-e-a-s-e Read …
:
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
Faith, Lys, Marti, Fara …
Targeting the New
Professional Woman:
How to Market and Sell to
Today’s 57 Million
Working Women
—Gerry Myers
“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 by 96%, against the
Tokyo stockmarket’s rise of 13%.”
—Economist , April 15
12.2002: $-344M
*International
*Build
*Men & Children
Source: Fara Warner, The Power of the Purse the Woman Inside the Mom”
,
“From Minority to Majority: McDonald’s Discovers
“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”
—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!
[“a medium that
McDonald’s had rarely used”]
Source: Fara Warner, The Power of the Purse the Woman Inside the Mom”
,
“From Minority to Majority: McDonald’s Discovers
—headline, USA Today (12.21.06)
“Instead of hitting high-tech hysteria at Best
Buy this holiday season, shoppers may notice a softer, more personal atmosphere. Music is quieter. Lights are lower. Salespeople talk to customers about their lifestyles, what they want the technology to do for them … and how they want it to fit into their homes, offices, cars. … If you need more help, one of thousands of its ‘Geek Squad’ techies will come to your home to hook stuff up.”
—USA Today, 12.21.06, “Best Buy Gets in Touch With Its
Feminine Side: Chain wants to be much more than a toy store for big boys.”
“We were a boys’ toy store designed for boys by boys.” —Julie Gilbert, VP, Best Buy
“It’s no longer the days of eight-track tapes and big speakers with the big foam that smells. The products we sell and the services we sell are about trends and fashion.” —Julie Gilbert
“Women couldn’t get anyone to help them. They weren’t treated with respect.”
—Julie Gilbert
“We’re working with the Girl Scouts, with private female colleges and others to recruit amazing women so we can delight our women customers.” —Julie Gilbert
— USA Today, 12.21.06, “Best Buy Gets in Touch With Its Feminine Side:
Chain wants to be much more than a toy store for big boys.”
“We’re working with the
Girl Scouts, private female colleges and others to recruit amazing women so we can delight our women customers.”
—Julie Gilbert, VP, Best Buy (USA Today, 12.21.06)
“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 …
* M icrolending; “Banker to the poor”; Grameen Bank;
Muhammad Yunus; 2006 Nobel Peace Prize winner
PrimeTime Women: How to
Win the Hearts, Minds and
Business of Boomer Big
Spenders
—Marti Barletta
How She Does It: How Women
Entrepreneurs Are Changing the Rules of Business
Success
—Margaret Heffernan
VALUE
ADDED
#9B
China
India
Internet
—Headline,
Economist , April 15, 2006, Leader, page 14
—Headline,
Economist
, April 15, 2006, Leader, page 14
— FT , 10.03.2006
“ Forget China, India and the
Internet: Economic Growth Is Driven by Women .”
[Headline.]
“Even today in the modern, developed world, surveys show that parents still prefer to have a boy rather than a girl. One longstanding reason boys have been seen as a greater blessing has been that they are expected to become better economic providers for their parents’ old age.
Yet it is time for parents to think again. Girls may now be a better investment.” “Girls get better grades in school than boys, and in most developed countries more women than men go to university. Women will thus be better equipped for the new jobs of the 21st century, in which brains count a lot more than brawn .
… And women are more likely to provide sound advice on investing their parents’ nest egg—e.g.: surveys show that women consistently achieve higher financial returns than men do. Furthermore, the increase in female employment in the rich world has been the main driving force of growth in the last couple of decades. Those women have contributed more to global
GDP growth than have either new technology or the new giants, India and China.”
Source: Economist , April 15, Leader, page 14
Continuing on page 73: “ A Guide to Womenomics: The
Future of the World Economy Lies Increasingly in Female Hands .” (Headline.) More stats: Around the globe since 1980, women have filled “two new jobs for everyone taken by a man.” “Women are becoming more important in the global marketplace not just as workers, but also as consumers, entrepreneurs, managers, and investors.” Re consumption, 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 by 96%, against the Tokyo stockmarket’s rise of 13%.” A couple of final assertions: (1) It is now agreed that “the single best investment that can be made in the developing world” is educating girls. (2) Also, surprisingly, nations with the highest female laborforce participation rates, such as Sweden and the U.S., have the highest fertility rates; and those with the lowest participation rates, such as Italy and Germany, have the lowest fertility rates.
Source: Economist , April 15, page 73
Q: No. 1 contributor to developing country economic improvement?
A: More education for women.
Source: Many* (*On a related note, eBay founder Pierre Omidyar and his wife just gave $100M to Tufts —its biggest gift ever—to support micro-lending; women typically are the recipients of 90% of micro-loans because they use the $$$ more productively than men.)
Repeat: “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 by 96%, against the Tokyo stockmarket’s rise of 13%.” —Economist , April 15
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” seniority, promotions —even if not to CEO)
Women-owned businesses
(more
(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?
Not Just America …
Seven
—headline, Weekly Telegraph , UK, 10.25.06
“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 system. 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
New World, New “Girl Power”?
“Not long ago I was talking with a group of girls at
Greenfield High, in northern New Jersey, about Mary
Pipher’s bestselling book, Reviving Ophelia . … The girls’ reaction to Ophelia was one of confusion. They disagreed with the book’s premise—that girls are robbed of vitality and self-esteem as they enter adolescence. According to
Pipher, our sexist society causes girls ‘to stifle their creative spirit and natural impulses, which ultimately destroys their self-esteem.’ ‘Who are the girls in this book?’ asked Sarah, a Greenfield sophomore. ‘I mean, I feel sorry for them, but they’re pretty much losers. We’re not at all like them.’ From what I could see, she was right. The girls I met were vital. They appeared more confident than many of the boys. They had not
‘lost their voice.’ … They neither feared competition from boys nor the consequences of out-performing them.” — Dan Kindlon , Alpha Girls
VALUE
ADDED
#9C
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 counterparts’ 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 21 st -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/
Gamechanging Solutions/ F
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
The Core Argument: Women [Ought to] Rule!
1. We are in a War for Talent.
2. The war will intensify.
3. There is a severe shortage of effective leaders at all levels.
4. Women are under-represented in our leadership ranks at or near the top.
5. Women and men are different; “new science” reinforces this view.
6. Women’s strengths match the New Economy’s leadership needs —to a striking degree.
7. Women are also the principal purchasers of goods and services —retail and commercial.
8. Ergo, women are a large part of “the answer” to the War for Talent/leadership shortage issue/opportunity.
“[Women] bring a different perspective to politics. They don’t expect to be waited on —
—Sarah Palin, first woman governor of Alaska (USA Today, 0104.07)
VALUE
ADDED
#9D
women.
BOOMERS.
GEEZERS.
!!!!!!!!!!!!!!!!!
—Bill Novelli, 50+: Igniting a Revolution to Reinvent America
“
is too kind a word.
Stupid Fr*&^ing Idiot-Marketers!
“Critics describe evening news in unflattering terms — They’re old!
They’re set in their ways! They won’t buy iPods!”
Source: Advertising Age, 05.08.06
?????????????
?????????????
“Gen Y Sits on Top of Consumer
Food Chain: They’re savvy shopper with money and influence”
—Headline, USA Today, 1012.06
Just Say No.
1 8-44
Subject: Marketers & Stupidity
Subject: Marketers & Stupidity
Or is it:
“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, they’re yours for life.’
—
Marti Barletta, PrimeTime Women
2000-2010 Stats
18-44:
55+:
+21%
+47%
BoomerBucks!
Boomer turns 50: every 7 seconds. 2009: majority of
U.S. households headed by someone over 50.
2006-
2016: 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
55-64 vs 25-34
E.g.: New cars & trucks: 20% more spending. Meals at full-service restaurants:
+29%. Airfare: +38%. Sports equipment:
+58%. Motorized recreational vehicles:
+103%. Wine: 113%. Maintenance, repairs and home insurance: +127%. Vacation homes: +258%. Housekeeping & yard services: +250% to +500%.
Source: Marti Barletta, PrimeTime Women
Average # of cars purchased per household, “lifetime”:
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?”
50+
$7T wealth (70%)/
$2T annual income
50% all discretionary spending
79% own homes
40M credit card users
41% new cars/48% luxury cars
$610B healthcare spending/
74% prescription drugs
5% of advertising targets
Ken Dychtwald, Age Power: How the 21 st
Century Will Be Ruled by the New Old
“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
*
*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
“Marketers attempts at reaching those over 50 have been miserably unsuccessful. No market’s motivations and needs are so poorly understood.”
— Peter Francese, founding publisher, American Demographics
Possession Experiences /“Desires for things ”/Young adulthood/to 38
Catered Experiences / “Desires to be served by others”/Middle adulthood
Being Experiences /“Desires for transcending experiences ”/Late adulthood
Source: David Wolfe and Robert Ageless Marketing
“Older people have an image problem. As a culture, we’re conditioned toward youth.
… When we think of youth, we think
‘energetic and colorful;’ when we think of middle age or ‘mature,’ we think ‘tired and washed out.’ and when we think of ‘old’ or
‘senior,’ we think either ‘exhausted and gray’ or, more likely, we just don’t think.
… The financial numbers are absolutely inarguable—the Mature
Market has the money.
Yet advertisers remain astonishingly indifferent to them.
…”
—Marti Barletta, PrimeTime Women
—David Wolfe and Robert
Snyder, Ageless Marketing
“WOMAN of the Year: She’s the most powerful consumer in America.
And as she starts to turn sixty this month, the affluent baby boomer is doing what she’s always done — redefining herself.”
—Joan Hamilton, Town & Country , JAN06
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 …”)
“Rock of Ages: Uncool But
True, the AARP
Demographic Leads the
Music Market. But Who
Will Lead It?”
Source: Headline, “Arts and Leisure,” NYT , 1126.06
—Cover/ AARP
!!!!!!!!!!!!!!!!!
—Bill Novelli, 50+: Igniting a Revolution to Reinvent America
st
Ken Dychtwald, Age Power : How the 21
Century Will Be Ruled by the New Old st
Explosion of “Stay at Home” Services
Beacon Hill Village
(>50; $580 per year; screened providers, 10%+ off; $35 to take cat and member to vet)
Geriatric care managers
($80-$200 per hour;
Nat’l Ass’n of Professional Geriatric Care Managers)
Seniors Safe@Home
(monitor client movements such as bathroom, gotten out of bed; BP, sugar levels, data screened by call center, available via
Web to children; etc)
“Road Signs of the
Times: Creating an easier-to-read typeface for aging drivers”
—The New York Times
VALUE
ADDED
#9E
Fastest growing demographic:
(>50% in London, Stockholm, etc.)
Source: Richard Scase
% of homes purchased by single women : 1981,
10%;2005, 20%
% of homes purchased by single men : 1981, 10%;
2005, 9%
Source: USA Today /02.15.06
Women PURCHASERS.
Women business owners.
WOMEN WEALTH CONTROLLERS.
WELL-PAID WOMEN WORKERS.
WOMEN LEADERS.
Boomer-Geezer PURCHASERS.
BOOMER-GEEZER WEALTH CONTROLLERS.
Single-person HHs (Urban)
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
2008, they will
“flood the management ranks” as the
PWF retires.
Programs for recruiting women and minorities with the necessary intensity: mostly AWOL.
Selling to Men, Selling to Women , Jeffery Tobias Halter
VALUE
ADDED
#9F
not.
Yet.
Done.
Tom Peters
The Copenhagen (Self) Pact re “This Topic”:
*Early!
*Loud!
*Repetitive!
*Aggressive!
*Unfriendly!/rude!/ insulting!
Women’s Trifecta+
*Buy/ all
*Wealth/ all
*Lead/ better
+Eclipse of males/ whoops
(Retire-old/Poorly educated-young)
Boomers’-Geezers’ Trifecta
*Buy/ all
*Wealth/ all
*time left/ lots
Boomers’-Geezers’-Women’s Trifecta+
*Buy/ all
*Wealth/ all
*time left/ lots
*Eclipse of males/ retire-die
Just Say “No” (!):
*No middle ground at the level of Extreme Commitment I’m suggesting
=
*
*and you are not stupid
Amazon Reviewer:
MB book]
“‘Trends’
[TPis old news!”
(1 of 5 stars)
TP: “Repeating it doesn’t make it
‘old.’
women.
BOOMERS.
GEEZERS.
VALUE
ADDED
#10
“What’s Really Propping
Up the Economy:
Healthcare has added 1.7 million jobs since 2001.
The rest of the private sector?
None
.”
Source: Title, cover story, BusinessWeek , 0925.2006
2 m
38 s
Q.W.P.
*
*Quality. Wellness. Prevention .
>
“Sanitary revolution”: mortality in major cities down
55% between 1850 and 1915
Source: Tom Farley & Deborah Cohen, Prescription for a Healthy Nation
“If God spoke to me by saying, ‘Mark, you’re down to your last three words: What would you want to say to your fellow humans that would make the most positive impact?’ It would be a close call between Love Thy
Neighbor and
. A close third would be Move, Move,
Move.” —Mark Pettus, M.D., The Savvy Patient
“The most important thing you can do to keep from getting sick is to
.
”
— CDC /National Center for Infectious Diseases
(HEALTHCARE.)
State of Healthcare/U.S.A.
*Spend more per capita
*Overall system performance/WHO: 37 th
*Relatively low life expectancy
*High # of uninsured
Source: Consulting , 07-08.06
State of Healthcare/U.S.A.
*Spend more per capita
*Overall system performance/WHO: 37 th
* Relatively low life expectancy
*High # of uninsured
Source: Consulting , 07-08.06
Quality
(100K+ deaths)
“Evidence/Outcomes-based” 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)
Re-imagine Healthcare: Reportcard2006
Evidence-based/Outcomesbased ……………….………...... D
Pay-forperformance ………………………………………….… D
IS/IT (general) ………………………………..………………..…. C-
Use of information (for decisionmakingmeasurement) .… C-
EMR (Electronic Medical Records) ……………………..….... D
CPOE (Computerized Physician Order Entry) ……….……. C-/D
Quality/100K+ unnecessary deaths …………..……… D-(kind)
Acute care to chronic carehome care shift ………….….... D/D-
Acute-care to Prevention/Wellness Obsession …..… F-
Patient-centric/Clientcentric………………………………….. D
Docs’ acceptance of “evidence-based” …………............… D/D-
“Revolutionary”-intensity Incentives re evidence …..……. D-
Childhood obesity epidemic …………………………….. D-
H5N1 preparedness ………………………………….…….. D
Corporate focus on Prevention/Wellness…………..…..…..... C-/D
Individual focus on Prevention/Wellness…………………..… D
Individuals’ health education/self-management …….…...…. C-
Workforce acceptance of selfresponsibility ….…….…...….. C-
Workforce transition to “Brand You” attitude……..……..….. C-/D
3 March 2006/Tom Peters
T.T.D./
ACTION.
NOW.
Visible Signs/Measures
(Creech)
TRAIN. TRAIN. TRAIN.
(P.S.)
Med school, Nursing school curriculum
(P.S.)
BOLD!/Big change EASIER than modest change
(P.S., etc.)
EXCELLENCE. ONLY. ALWAYS. DAMN IT.
EVP/Patient Safety
P.S.O.s
Fund the living hell out of it (P.S.)
CEO (etc): REFLECT IT IN CALENDAR
EMERGENCY STATUS
H.M.O.s: Big/ENORMOUS (+/-) incentives for docs, hospitals, etc., etc.
BOARD: Patient Safety Committee
BOARD: WPCC Committee
Patient Safety BALDRIDGE (POTUS?)
CERTIFICATION/RE-CERTIFICATION for One & All
(P.S., etc.)
WPOCC Rules!!!!!!!
(Wellness/
Prevention/Obesity/ChronicCare)
WPOCC: N.G.A. (AK)
INSURANCE COMPANY VISIBILITY/
SPONSORSHIP/MEGA-INCENTIVES
Awards Galore P.S./WPOCC)
BOARD Committee: H5N1
HHS: Split HC & PWO (Ontario)
Write off ½ of med school loan if “pay” with 3-5 years service in Public Health
Glamorize Family Practice, Public Health, etc.
FAT legislation?? (Almost certainly) (Density,
HFCS, Transfats, etc., etc.) (A FIRST FOR TP)
SUE the hell out of One & All re Obesity (Cigarettes II)
Research LEAP @ N.I.H. (Etc, Etc, ETC)
INCENTIVES @ SCHOOLS (BIG!!)
EMR: Intensify!!!!!!!!!!!!!
No leadership position in AHA (AMA?)
(DEANs?) (Etc?) without “Safety tour”
No Medical Chief (>150 beds?) without “Safety tour”
FORGET ABOUT ME!!! (Except
Wellness, ChroniCare)
VIGOROUSLYSUPPORT Home Care
American OBESITY = African AIDs (??)
ELIMINATE/OBLITERATE HIGH
FRUCTOSE CORN SYRUP!
ELIMINATE/OBLITERATE TRANSFATS!
(HFTC/TF = The Real “WMDs”)
FDA: Kill! Kill! Kill! (Please)
CEO Bonus: 50+%: P.S./WPOCC
OBNOXIOUS labels
Incentives for BILLBOARDS
Natl Advertising Council
PARENTING education, etc.
(P.S./WPOCC)
2 m
38 s
Welcome to the Homer Simpson Hospital a/k/a
— Don Berwick , “Six Keys to Safer Hospitals: A Set of Simple Precautions
Could Prevent 100,000 Needless Deaths Every Year,” Newsweek (1212.2005)
?
HealthGrades/Denver:
hospital deaths per year in the U.S., 2000-2002 = 390 full jumbos/747s in the drink per year.
Comments:
“This should give you pause when you go to the hospital.”
—Dr. Kenneth Kizer,
National Quality Forum
.
“ There is little evidence that patient safety has improved in the last five years.”
—Dr. Samantha Collier
Source:
Boston Globe / 07.27.04
“serious medication errors per year” … “illegible handwriting, misplaced decimal points, and missed drug interactions and allergies.”
Source: Wall Street Journal /
Institute of Medicine
CDC 1998:
90,000
2,000,000
“BAD MEDICINE: This teenager
[Jehan Nassif] died because of a medical bungle. So do 18,000 other Australians each year.
Why our hospitals keep making fatal mistakes.”
—cover, The Bulletin (Australia), 09.05.2006 (“… up to 16% of hospitalized patients will suffer an adverse event; 50% of these will be preventable and 10% of these will lead to permanent disability or death.”) (equivalent, on a per capita basis, to about
200,000 in the United States —which is about the actual U.S. number)
Dear Mr. & Mrs. Smith,
XYZ hospital regrets to inform you …….
……………………………………………………………………
……………………………………………………………………
……………………………………………………………………
……………………………………………………………………
……………………….
Sincerely,
A. S. Jackson, Administrator
T. D. Jones, M.D., Chief Medical Officer
L.S. Donald, CFO
W.N. Arnold, CIO
Reporter: “Mr Gandhi, what do you think about western civilization?”*
Gandhi: “I think it would be a very good idea.”
*Upon the occasion of Gandhi’s historic visit to England
About Time!
100,000 Lives
Campaign*
*Don Berwick/Institute for Healthcare Improvement
Source: Mike Levitt/Secretary HHS
TP Recommendation #1:
to
*Cleveland Clinic and Canyon Ranch
Wash your hands.
Apply #50 sunscreen.
Banish trans fat
Banish high fructose corn syrup .
Exercise “30-7.”
Breathe .
Stockpile for H5N1 .*
(*not Tamiflu!)
Avoid hospitalization.
Take charge of your health.
“If God spoke to me by saying, ‘Mark, you’re down to your last three words: What would you want to say to your fellow humans that would make the most positive impact?’ It would be a close call between Love Thy
Neighbor and
.
A close third would be
Move,
Move, Move .”
—Mark Pettus, M.D., The Savvy Patient
“The most important thing you can do to keep from getting sick is to
.
”
— CDC /National Center for Infectious Diseases
Primary “Success
Factors”: “Sanitary revolution”: mortality in major cities down
55% between
1850 and 1915
Source: Tom Farley & Deborah Cohen, Prescription for a Healthy Nation
Source: Tom Farley & Deborah Cohen, Prescription for a Healthy Nation
Only Effective Strategy?
Source: Tom Farley & Deborah Cohen,
Prescription for a Healthy Nation
“BUMP INTO FACTOR”: Extrasize portions, eat more.
Higher % shelf space snacks, more obesity. More liquor stores, more crime. High vs low fat: Japanese who emigrate to U.S. suffer 3X increase in heart disease.
Source: Tom Farley & Deborah Cohen, Prescription for a Healthy Nation
Behavioral Primacy!
E.g.: plate size, location of platters,
6.5 feet = -63%
Source: Brian Wansink, day) (
Mindless Eating
(20 lbs per year; 200 decisions per
In Search of Excellence density of FF outlets)
, office spacing and communication; Sprint;
Sprint/Overland Park KS:
Slow elevators, distant parking lots with infrequent buses, “food court” as “poorly” placed as possible, etc.
Source: New York Times
Why wasn’t I “informed” until age 59?
“Fixes”
Diet
Extreme exercise
Meditation
Supplements
Eliminate all alcohol
(Meds)
Health + Social combination
= 20% fewer admissions, 40% less bed occupancy
[over 65]
Source: Unicare/UK/Dr David
Lyon/Pulse, 1123.06
Market Forces
RediClinic.CheckUps.Take
Care.MinuteClinic*
(*“We treat these
16 rulesbased disorders”/ “Go-no go” tests.15 minutes.$39)
Wal*Mart.CVS.Target.
Walgreens.RiteAid
Source: FT (10.06.06); NYT (12.31.06)
VALUE
ADDED
#10A
A Radical Model for New
Healthcare/Healing/
Wellness Excellence
Tom Peters/17 September 2006
“It was the goal of the Planetree Unit to help patients not only get well faster but also to stay well longer.”
— Putting Patients First ,
Susan Frampton, Laura Gilpin, Patrick Charmel
“Much of our current healthcare is about
Curing is good. But curing healing is spiritual, and healing is
. better, because we can heal many people we cannot cure.”
—Leland Kaiser,
“Holistic Hospitals”
The 9 Planetree Practices
1.
The Importance of Human Interaction
2.
Informing and Empowering Diverse Populations: Consumer
Health Libraries and Patient Information
3.
Healing Partnerships: The importance of Including Friends and Family
4.
Nutrition: The Nurturing Aspect of Food
5.
Spirituality: Inner Resources for Healing
6.
Human Touch: The Essentials of Communicating
Caring Through Massage
7.
Healing Arts: Nutrition for the Soul
8.
Integrating Complementary and Alternative Practices into Conventional Care
9.
Healing Environments: Architecture and Design Conducive to Health
Source: Putting Patients First , Susan Frampton, Laura Gilpin, Patrick Charmel
1.
“There is a misconception that supportive interactions require more staff or more time and are therefore more costly. Although labor costs are a substantial part of any hospital budget, the interactions themselves add nothing to the budget.
Listening to patients or answering their questions costs nothing. It can be argued that negative interactions —alienating patients, being non-responsive to their needs or limiting their sense of control —can be very costly. …
Angry, frustrated or frightened patients may be combative, withdrawn and less cooperative —requiring far more time than it would have taken to interact with them initially in a positive way.” — Putting Patients First , Susan Frampton,
Laura Gilpin, Patrick Charmel
Press Ganey Assoc:
139,380 former patients from 225 hospitals:
of THE top 15 factors determining
atient
atisfaction referred to patient’s health outcome
PS directly related to
Staff Interaction
PS directly correlated with
Employee
Satisfaction
Source: Putting Patients First , Susan Frampton, Laura Gilpin, Patrick Charmel
“ Perhaps the simplest and most profound of all human interactions is KINDNESS. … But if it is so simple, it is surprising how frequently it is absent from our healthcare environments.
… Many staff members report verbal
by physicians, managers and coworkers.”
— Putting Patients First , Susan
Frampton, Laura Gilpin, Patrick Charmel
— Putting Patients First , Susan Frampton, Laura Gilpin,
Patrick Charmel (“Ladies and gentlemen serving ladies and gentlemen”—4S credo)
2.
Informing and
Empowering Diverse
Populations: Consumer
Health Libraries and
Patient Information
Planetree Health Resources Center/1981
Planetree Classification System
Consumer Health Librarians
Volunteers
Classes, lectures
Health Fairs
Griffin’s Mobile Health Resource Center
Open Chart Policy
Patient Progress Notes
Care Coordination Conferences (Est goals, timetable, etc.)
Source: Putting Patients First , Susan Frampton, Laura Gilpin, Patrick Charmel
3.
— Putting Patients First , Susan
Frampton, Laura Gilpin, Patrick Charmel
The Patient-Family Experience
“Patients are stripped of control, their clothes are taken away, they have little say over their schedule, and they are deliberately separated from their family and friends. Healthcare professionals control all of the information about their patients’ bodies and access to the people who can answer questions and connect them with helpful resources. Families are treated more as intruders than loved ones.”
— Putting Patients First ,
Susan Frampton, Laura Gilpin, Patrick Charmel
“Family members, close friends and ‘significant others’ can have a far greater impact on patients’ experience of illness, and on their long-term health and happiness, than any healthcare professional.”
— Through the Patient’s Eyes
“A 7-year follow-up of women diagnosed with breast cancer showed that those who confided in at least one person in the 3 months after surgery had a 7-year survival rate of
72.4%
, as compared to
56.3% for those who didn’t have a confidant.”
—Institute for the Future
Institute of Medicine/ “Crossing the Quality Chasm”
Respect for preferences
Involvement in Decision Making
Access to care
Coordination of care
Information and education
Physical comfort
Emotional support
Involvement of Friends and Family
Continuity of care
Source: Putting Patients First , Susan Frampton, Laura Gilpin, Patrick Charmel
Care Partner Programs
(IDs, discount meals, etc.)
Unrestricted visits
(“Most Planetree hospitals have eliminated visiting restrictions altogether.”) (ER at one hospital “has a policy of never separating the patient from the family, and there is no limitation on how many family members may be present.”)
Collaborative Care Conferences
Clinical Guidelines Discussions
Family Spaces
Pet Visits
(POP: Patients’ Own Pets)
Source: Putting Patients First , Susan Frampton, Laura Gilpin, Patrick Charmel
Meals are central events vs
*
*Irony: Focus on “nutrition” has reduced focus on “food” and “service”
Source: Putting Patients First , Susan Frampton, Laura Gilpin, Patrick Charmel
Source: Putting Patients First, Susan Frampton, Laura Gilpin, Patrick Charmel
(e.g.: “smell of baking cookies”)
Source: Putting Patients First , Susan Frampton, Laura Gilpin, Patrick Charmel
5.
Spirituality: Meaning and Connectedness in Life
1. Connected to supportive and caring group
2. Sense of mastery and control
3. Make meaning out of disease/ find meaning in suffering
Source: Putting Patients First, Susan Frampton, Laura Gilpin, Patrick Charmel
Griffin: redesign chapel
(waterfall, quiet music, open prayer book)
Other : music, flowers, portable labyrinth
Source: Putting Patients First, Susan Frampton, Laura Gilpin, Patrick Charmel
6.
— Putting Patients First ,
Susan Frampton, Laura Gilpin, Patrick Charmel
Mid-Columbia Medical Center/Center for Mind and Body
Massage for every patient scheduled for ambulatory surgery (“Go into surgery with a good attitude”)
Infant massage
Staff massage (“caring for the caregivers”)
Healing environments: chemo!
Source: Putting Patients First , Susan Frampton, Laura Gilpin, Patrick Charmel
7.
Planetree: “Environment conducive to healing”
Color!
Light!
Brilliance!
Form!
Art!
Music!
Source: Putting Patients First , Susan Frampton, Laura Gilpin, Patrick Charmel
Florence Nightingale/ Notes on
Nursing /patient’s need for beauty, windows, flowers:
Source: Putting Patients First, Susan Frampton, Laura Gilpin, Patrick Charmel
Griffin: Music in the parking lot; professional musicians in the lobby
(7/week, 3-4hrs/day)
;
; volunteers
(120-140 hrs arts & entertainment per month).
Source: Putting Patients First, Susan Frampton, Laura Gilpin, Patrick Charmel
8.
Integrating
Complementary and
Alternative Practices into Conventional Care
CAM (Complementary & Alternative Medicine):
83M in US
(42%)
CAM visits 243M, greater than to PCP
(Primary
Care Physician) (With min insurance coverage)
W-Educated-Hi inc
Don’t tell PCP
(40%)
OTA: <30% procedures used in conventional medicine have undergone
RCTs
(randomized clinical trials)
Source: Putting Patients First, Susan Frampton, Laura Gilpin, Patrick Charmel
Griffin IMC/Integrative Medicine Center
Massage
Acupuncture
Meditation
Chiropractic
Nutritional supplements
Aroma therapy
Source: Putting Patients First, Susan Frampton, Laura Gilpin, Patrick Charmel
9.
“Planetree Look”
Woods and natural materials
Indirect lighting
Homelike settings
Goals: Welcome patients, friends and family … Value humans over technology ..
Enable patients to participate in their care
… Provide flexibility to personalize the care of each patient … Encourage caregivers to be responsive to patients …
Foster a connection to nature and beauty
Source: Putting Patients First, Susan Frampton, Laura Gilpin, Patrick Charmel
Sound
Texture
Lighting
Color
Smell
Taste
Sacred space
Source: Putting Patients First , Susan Frampton, Laura Gilpin, Patrick Charmel
Access to nurses station:
“Happen to” vs
Source: Putting Patients First, Susan Frampton, Laura Gilpin, Patrick Charmel
Care!/Love!/Spirit!
Self-Control!
Connect!/learn!/ involve!/Engage!
Understanding!/Growth!
De-stress!/heal!
Whole patient & family
& friends! be well!/stay well!
F.Y.I.
Griffin Hospital/Derby CT (Planetree Alliance “HQ”) Results:
Financially successful.
Expanding programsphysically.
Growing market share. Only hospital in “100
Best Cos to Work for”—
7 consecutive years, currently #6.
—“Five-Star Hospitals,” Joe Flower, strategy+business (#42)
Learn more about Planetree/
The Planetree Alliance:
EX
AYS