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NEW ZEALAND 2007
Ho hum: three weeks in New Zealand … Pfizer Ford Gap Chrysler Yahoo ??? ???
“ I am often asked by would-be entrepreneurs seeking escape from life within huge corporate structures, ‘How do I build a small firm for myself?’ The answer seems obvious :   Buy a very large one and just wait .”   —Paul Ormerod,  Why Most Things Fail:  Evolution, Extinction and Economics
The  last  word:  There is  no  last word.
Flat as a Pancake (Or Worse) Wal*Mart … Dell … Intel … Home Depot … Microsoft … GE
“ It is  not  the strongest of the species that survives,  nor  the most intelligent, but  the one most responsive  to change .”   —Charles Darwin
Tom Peters’ X25* EXCELLENCE. ALWAYS. The VNU Fine Jewelry CEO Summit Atlanta/21 February 2007 * In Search of Excellence  1982-2007
$798
7X.  730A-800P.  F12A . * * ’93-’03/10 yr annual return: CB: 29%; WM: 17%;  HD: 16%.  Mkt Cap: 48% p.a.
Jim’s Group
“ Why in the world did you go to S iberia ?”
Excellence1982: The Bedrock “Eight Basics” 1. A Bias for  Action 2. Close to the  Customer 3. Autonomy and Entrepreneurship 4. Productivity Through  Peo p le 5.  Hands On , Value-Driven 6. Stick to the Knitting 7. Simple Form, Lean Staff 8. Simultaneous Loose-Tight Properties”
Enter p rise * ** (*at its best):   An  emotional ,  vital ,  innovative ,  joyful ,  creative ,  entrepreneurial  endeavor that elicits maximum concerted  human potential in  the  wholehearted  service  of others . *** **Excellence. Always. ***Employees, Customers, Suppliers, Communities, Owners, Temporary partners
EXCELLENCE. INNOVATE. OR DIE.
try it. Try it. Try it. Try it.  Try it.  Try it. Try it. Try it.  Screw it up.  Try it. Try it. Try it. Try it. Try it. Try it. Try it.  Screw it up.  it. Try it. Try it. try it.  Try it.   Screw it up.  Try it. Try it. Try it.
do things.
“ We have a ‘strategic  plan.’ It’s called  doing things .”   — Herb Kelleher
drill.
“ This is so simple it sounds stupid, but it is amazing how few oil people really understand that  you only find oil if you drill wells .   You may think  you’re finding it when you’re drawing maps and  studying logs, but you have to drill.”   Source: The Hunters , by John Masters, Canadian  O & G wildcatter
Screw. things. Up.
Sam’s  Secret  #1!
“ Reward   excellent failures.  Punish   mediocre successes.” Phil Daniels, Sydney exec
try. Miss. try.
READY. FIRE! AIM. Ross Perot (vs  “ Aim! Aim! Aim!”   /EDS vs GM/1985)
“ You miss  100 %   of the shots you never take.”   —Wayne   Gretzky
EXCELLENCE 4/40 DECENTRALIZATION. EXECUTION. ACCOUTABILITY. 6 :15A.M.
The Value-added Ladder/  MEMORABLE CONNECTION Spellbinding Experiences   Services Goods  Raw Materials
“ Experiences  are as distinct from services as services are from goods.”   —Joe Pine & Jim Gilmore,  The Experience Economy: Work Is Theatre & Every Business a Stage
Experience: “Rebel Lifestyle!” “What we sell is the ability for a 43-year-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
C X O * *Chief e X perience Officer
“ Courtesies of a small and trivial character are the ones which strike deepest in the grateful and appreciating heart.”   —Henry Clay
The Value-added Ladder/   EMOTION Dreams Come True Spellbinding Experiences   Services Goods  Raw Materials
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
C DM * *Chief Dream Merchant
The Value-added Ladder/  ECSTASY   Lovemark   Dreams Come True  Spellbinding Experiences Services Goods Raw Materials
“ Brands have run out of juice. They’re  dead .”   —Kevin Roberts/Saatchi & Saatchi
 
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
C L   O * *Chief  Lovemar k  Officer
“ Women are   the   majority market”   —Fara Warner/ The Power of the Purse
“ Women don’t buy  brands.  They  join them .” EVEolution
Selling to men:   The  TRANSACTION  Model Selling to Women:   The  RELATIONAL  Model Source:  Selling to Men, Selling to Women , Jeffery Tobias Halter
The Perfect Answer Jill and Jack buy slacks in black…
 
1. Men and women are different. 2. Very different. 3.  VERY, VERY DIFFERENT . 4. Women & Men have a-b-s-o-l-u-t-e-l-y   nothing in common. 5. Women buy lotsa stuff. 6.  WOMEN BUY A-L-L THE STUFF . 7. Women’s Market = Opportunity No. 1. 8. Men are (STILL) in charge. 9.  MEN ARE … TOTALLY, HOPELESSLY   CLUELESS ABOUT WOMEN.
10.  Women’s Market = Opportunity No. 1.
Internet users:  60% *   *“manage their lives and the lives of their families”  —Kelley Mooney, president, Resource Interactive Source: Fara Warner,  The Power of the Purse
“ Forget  China ,  India  and the  Internet : Economic Growth Is Driven by  Women .”   —Headline,  Economist , April 15, 2006, Leader, page 14
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 ?
7/31 6/32
“ The Bottleneck Is at the Top of the Bottle” “Where are you likely to find people with the least diversity of experience, the largest investment in the past, and the greatest reverence for industry dogma:   At   the   to p!”   — Gary Hamel/ Harvard Business Review
!!!!!!!!!!!!!!!!! “ People turning 50 today have  more than   half  of their adult life ahead of them.”   —Bill Novelli,  50+: Igniting a Revolution to Reinvent America
EXCELLENCE. BEDROCK. LEADERSHIP. The 9Ps.
PURPOSE . PASSION . Potential . Presence . Personal . PERSISTENCE . PEOPLE .  Potent . Positive .
PURPOSE . PASSION . Potential . Presence . Personal . PERSISTENCE . PEOPLE .  Potent . Positive .
“ People want to be part of something larger than themselves .  They want to be part of something they’re really  proud  of, that they’ll  fight  for ,   sacrifice  for  ,   trust .”   — Howard Schultz, Starbucks  ( IBD /09.05)
PURPOSE . PASSION . Potential . Presence . Personal . PERSISTENCE . PEOPLE .  Potent . Positive .
“ Nothing is so contagious as enthusiasm.”   —Samuel Taylor Coleridge
PURPOSE . PASSION . Potential . Presence . Personal . PERSISTENCE . PEOPLE .  Potent . Positive .
“ The role of the Director is  to create a space where the actors and  actresses  can   become more than they’ve ever been before, more than they’ve dreamed of being .”   —Robert Altman, Oscar acceptance speech
Servant Leadership /Robert Greenleaf 1.  Do those served grow as persons?   2.  Do they, while being served,  become healthier, wiser, freer, more autonomous, more likely themselves to become servants?
PURPOSE . PASSION . Potential . Presence . Personal . PERSISTENCE . PEOPLE .  Potent . Positive .
25
PURPOSE . PASSION . Potential . Presence . Personal . PERSISTENCE . PEOPLE .  Potent . Positive .
“ The  First   step  in a ‘dramatic’ ‘organizational change program’ is obvious— dramatic   personal  change !”   —RG
“ You must  be   the change you wish to see in the world.” Gandhi
PURPOSE . PASSION . Potential . Presence . Personal . PERSISTENCE . PEOPLE .  Potent . Positive .
Relentless :   “One of my superstitions had always been when I started to go anywhere or to do anything,   not   to turn   back   ,   or stop, until the thing intended was accomplished.”   —Grant
"Life is not a journey to the grave with the intention of arriving safely in one pretty and well preserved piece, but to skid across the line broadside, thoroughly used up, worn out, leaking oil, shouting  ‘ GERONIMO!’  ” — Bill McKenna, professional motorcycle racer ( Cycle  magazine)
PURPOSE . PASSION . Potential . Presence . Personal . PERSISTENCE . PEOPLE .  Potent . Positive .
“ Leaders  ‘ do ’  people.  Period.”   —Anon.
“ Leaders  ‘ SERVE ’  people.  Period.”   —Anon.
Brand = Talent.
PURPOSE . PASSION . Potential . Presence . Personal . PERSISTENCE . PEOPLE .  Potent . Positive .
Kevin Roberts’ Credo 1 . Ready. Fire! Aim. 2. If it ain’t broke ... Break it! 3. Hire crazies. 4. Ask dumb questions. 5. Pursue failure. 6. Lead, follow ... or get out of the way! 7. Spread confusion. 8. Ditch your office. 9. Read odd stuff. 10.   Avoid moderation !
PURPOSE . PASSION . Potential . Presence . Personal . PERSISTENCE . PEOPLE .  Potent . Positive .
The greatest danger for most of us is not that our aim is too high and we miss it, but that it is too low and we reach it. Michelangelo
On NELSON:   “[other] admirals more frightened of losing than anxious to win”
EX CELLE ALW AYS .

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Tom Peters at National Jeweler Network's CEO Summit

  • 2. Ho hum: three weeks in New Zealand … Pfizer Ford Gap Chrysler Yahoo ??? ???
  • 3. “ I am often asked by would-be entrepreneurs seeking escape from life within huge corporate structures, ‘How do I build a small firm for myself?’ The answer seems obvious : Buy a very large one and just wait .” —Paul Ormerod, Why Most Things Fail: Evolution, Extinction and Economics
  • 4. The last word: There is no last word.
  • 5. Flat as a Pancake (Or Worse) Wal*Mart … Dell … Intel … Home Depot … Microsoft … GE
  • 6. “ It is not the strongest of the species that survives, nor the most intelligent, but the one most responsive to change .” —Charles Darwin
  • 7. Tom Peters’ X25* EXCELLENCE. ALWAYS. The VNU Fine Jewelry CEO Summit Atlanta/21 February 2007 * In Search of Excellence 1982-2007
  • 9. 7X. 730A-800P. F12A . * * ’93-’03/10 yr annual return: CB: 29%; WM: 17%; HD: 16%. Mkt Cap: 48% p.a.
  • 11. “ Why in the world did you go to S iberia ?”
  • 12. Excellence1982: The Bedrock “Eight Basics” 1. A Bias for Action 2. Close to the Customer 3. Autonomy and Entrepreneurship 4. Productivity Through Peo p le 5. Hands On , Value-Driven 6. Stick to the Knitting 7. Simple Form, Lean Staff 8. Simultaneous Loose-Tight Properties”
  • 13. Enter p rise * ** (*at its best): An emotional , vital , innovative , joyful , creative , entrepreneurial endeavor that elicits maximum concerted human potential in the wholehearted service of others . *** **Excellence. Always. ***Employees, Customers, Suppliers, Communities, Owners, Temporary partners
  • 15. try it. Try it. Try it. Try it. Try it. Try it. Try it. Try it. Screw it up. Try it. Try it. Try it. Try it. Try it. Try it. Try it. Screw it up. it. Try it. Try it. try it. Try it. Screw it up. Try it. Try it. Try it.
  • 17. “ We have a ‘strategic plan.’ It’s called doing things .” — Herb Kelleher
  • 19. “ This is so simple it sounds stupid, but it is amazing how few oil people really understand that you only find oil if you drill wells . You may think you’re finding it when you’re drawing maps and studying logs, but you have to drill.” Source: The Hunters , by John Masters, Canadian O & G wildcatter
  • 22. “ Reward excellent failures. Punish mediocre successes.” Phil Daniels, Sydney exec
  • 24. READY. FIRE! AIM. Ross Perot (vs “ Aim! Aim! Aim!” /EDS vs GM/1985)
  • 25. “ You miss 100 % of the shots you never take.” —Wayne Gretzky
  • 26. EXCELLENCE 4/40 DECENTRALIZATION. EXECUTION. ACCOUTABILITY. 6 :15A.M.
  • 27. The Value-added Ladder/ MEMORABLE CONNECTION Spellbinding Experiences Services Goods Raw Materials
  • 28. “ Experiences are as distinct from services as services are from goods.” —Joe Pine & Jim Gilmore, The Experience Economy: Work Is Theatre & Every Business a Stage
  • 29. Experience: “Rebel Lifestyle!” “What we sell is the ability for a 43-year-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
  • 30. C X O * *Chief e X perience Officer
  • 31. “ Courtesies of a small and trivial character are the ones which strike deepest in the grateful and appreciating heart.” —Henry Clay
  • 32. The Value-added Ladder/ EMOTION Dreams Come True Spellbinding Experiences Services Goods Raw Materials
  • 33. 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
  • 34. C DM * *Chief Dream Merchant
  • 35. The Value-added Ladder/ ECSTASY Lovemark Dreams Come True Spellbinding Experiences Services Goods Raw Materials
  • 36. “ Brands have run out of juice. They’re dead .” —Kevin Roberts/Saatchi & Saatchi
  • 37.  
  • 38. 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
  • 39. C L O * *Chief Lovemar k Officer
  • 40. “ Women are the majority market” —Fara Warner/ The Power of the Purse
  • 41. “ Women don’t buy brands. They join them .” EVEolution
  • 42. Selling to men: The TRANSACTION Model Selling to Women: The RELATIONAL Model Source: Selling to Men, Selling to Women , Jeffery Tobias Halter
  • 43. The Perfect Answer Jill and Jack buy slacks in black…
  • 44.  
  • 45. 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.
  • 46. 10. Women’s Market = Opportunity No. 1.
  • 47. Internet users: 60% * *“manage their lives and the lives of their families” —Kelley Mooney, president, Resource Interactive Source: Fara Warner, The Power of the Purse
  • 48. “ Forget China , India and the Internet : Economic Growth Is Driven by Women .” —Headline, Economist , April 15, 2006, Leader, page 14
  • 49. 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 ?
  • 51. “ The Bottleneck Is at the Top of the Bottle” “Where are you likely to find people with the least diversity of experience, the largest investment in the past, and the greatest reverence for industry dogma: At the to p!” — Gary Hamel/ Harvard Business Review
  • 52. !!!!!!!!!!!!!!!!! “ People turning 50 today have more than half of their adult life ahead of them.” —Bill Novelli, 50+: Igniting a Revolution to Reinvent America
  • 54. PURPOSE . PASSION . Potential . Presence . Personal . PERSISTENCE . PEOPLE . Potent . Positive .
  • 55. PURPOSE . PASSION . Potential . Presence . Personal . PERSISTENCE . PEOPLE . Potent . Positive .
  • 56. “ People want to be part of something larger than themselves . They want to be part of something they’re really proud of, that they’ll fight for , sacrifice for , trust .” — Howard Schultz, Starbucks ( IBD /09.05)
  • 57. PURPOSE . PASSION . Potential . Presence . Personal . PERSISTENCE . PEOPLE . Potent . Positive .
  • 58. “ Nothing is so contagious as enthusiasm.” —Samuel Taylor Coleridge
  • 59. PURPOSE . PASSION . Potential . Presence . Personal . PERSISTENCE . PEOPLE . Potent . Positive .
  • 60. “ The role of the Director is to create a space where the actors and actresses can become more than they’ve ever been before, more than they’ve dreamed of being .” —Robert Altman, Oscar acceptance speech
  • 61. Servant Leadership /Robert Greenleaf 1. Do those served grow as persons? 2. Do they, while being served, become healthier, wiser, freer, more autonomous, more likely themselves to become servants?
  • 62. PURPOSE . PASSION . Potential . Presence . Personal . PERSISTENCE . PEOPLE . Potent . Positive .
  • 63. 25
  • 64. PURPOSE . PASSION . Potential . Presence . Personal . PERSISTENCE . PEOPLE . Potent . Positive .
  • 65. “ The First step in a ‘dramatic’ ‘organizational change program’ is obvious— dramatic personal change !” —RG
  • 66. “ You must be the change you wish to see in the world.” Gandhi
  • 67. PURPOSE . PASSION . Potential . Presence . Personal . PERSISTENCE . PEOPLE . Potent . Positive .
  • 68. Relentless : “One of my superstitions had always been when I started to go anywhere or to do anything, not to turn back , or stop, until the thing intended was accomplished.” —Grant
  • 69. "Life is not a journey to the grave with the intention of arriving safely in one pretty and well preserved piece, but to skid across the line broadside, thoroughly used up, worn out, leaking oil, shouting ‘ GERONIMO!’ ” — Bill McKenna, professional motorcycle racer ( Cycle magazine)
  • 70. PURPOSE . PASSION . Potential . Presence . Personal . PERSISTENCE . PEOPLE . Potent . Positive .
  • 71. “ Leaders ‘ do ’ people. Period.” —Anon.
  • 72. “ Leaders ‘ SERVE ’ people. Period.” —Anon.
  • 74. PURPOSE . PASSION . Potential . Presence . Personal . PERSISTENCE . PEOPLE . Potent . Positive .
  • 75. Kevin Roberts’ Credo 1 . Ready. Fire! Aim. 2. If it ain’t broke ... Break it! 3. Hire crazies. 4. Ask dumb questions. 5. Pursue failure. 6. Lead, follow ... or get out of the way! 7. Spread confusion. 8. Ditch your office. 9. Read odd stuff. 10. Avoid moderation !
  • 76. PURPOSE . PASSION . Potential . Presence . Personal . PERSISTENCE . PEOPLE . Potent . Positive .
  • 77. The greatest danger for most of us is not that our aim is too high and we miss it, but that it is too low and we reach it. Michelangelo
  • 78. On NELSON: “[other] admirals more frightened of losing than anxious to win”
  • 79. EX CELLE ALW AYS .