Title: NOTE: To appreciate this presentation [and insure that it is not a mess], you need Microsoft fonts:
1NOTE To appreciate this presentation and
insure that it is not a mess, you need Microsoft
fonts Showcard Gothic, Ravie, Chiller
and Verdana
2NOTE To appreciate this presentation, you need
Microsoft fonts Showcard Gothic, Ravie,
Chiller and VerdanaMasterExcellence.
Always.part one (of 7)all you need to
know(dwelling on the obvious)not your
fathers worldintroduction to excellence.18
june 2007
3NOTE To appreciate this presentation, you need
Microsoft fonts Showcard Gothic, Ravie,
Chiller and VerdanaMasterExcellencepart
two (of 7)innovate.Or.Die.18 june 2007
4NOTE To appreciate this presentation, you need
Microsoft fonts Showcard Gothic, Ravie,
Chiller and VerdanaMaster/Excellence.
Always./part THREE (of 7)up, up, up, up
the value added ladder (solutions-experiences-
dreams-lovemarks)18 June 2007
5NOTE To appreciate this presentation, you need
Microsoft fonts Showcard Gothic, Ravie,
Chiller and VerdanaMaster/Excellence.
Always./part FOUR (of 7)new
Markets(Stupendous Opportunity)18 June 2007
6NOTE To appreciate this presentation, you need
Microsoft fonts Showcard Gothic, Ravie,
Chiller and VerdanaMasterExcellence.
Always.part FIVE (of 7)people!(Brand you.
Talent. Health. Education. Leadership.)18 june
2007
7NOTE To appreciate this presentation, you need
Microsoft fonts Showcard Gothic, Ravie,
Chiller and VerdanaMasterExcellencepart
SIX (of 7)excellence.summaries.Lists.18
june 2007
8Part sevenExtended Talent Leadership0618.07
9Slides at tompeters.com
10We all agree your theory is crazy. The question,
which divides us, is whether it is crazy enough.
Niels Bohr, to Wolfgang Pauli
11part one
12NOTE In what follows you will find a variety
of openings. I mix and match from this section
depending on the demographics, industry and
nationality of the target audience.
13 Tom Peters X25EXCELLENCE.
ALWAYS.MASTER/0618.2007/Part ONEIn Search of
Excellence 1982-2007
14 tom peters excellence.
Always.1. Excellence! Always!2. context.
3,000,000,000 new capitalists!3. Innovate or
die!4. Revenue Matters Most!5. UpUpUpup the
Value-added Ladder! (commodity to
gamechanging solution to breathtaking
experience to lovemark)6. Make . Much.
Money. Damn it! (women-Boomers-geezers)
7. Action!/Try It!/Execution!8. Best roster
wins!9. Emotional Leadership!/ Leading for
excellence!10. Excellence! Always!
15Our Story LineNot your fathers worldBig
Pitiful.Excellence. Always./only-ones-who-do-wh
at-we-do. (what else?)Innovate. Or. Die.Up.
Up. Up. Up. Up, Up, Up the Value Added
Chain.(Raw materials. Goods. Services.
Implemented-gamechanging Solutions.
Scintillating experiences. Dreams come true.
Lovemark.)Stupendous-underserved New Markets
(Women, Boomers geezers)Talent Brand. /You
Brand You. /educate-for-creativityLeading
with passion relentlessness (21st Century
Leadership. Ha.)
16The StoryNot your fathers worldBig
Pitiful.Excellence. Always. (what
else?)Innovate. Or. Die.Up, Up, Up the Value
Added Chain.New Markets (Women,
Boomers)Talent Brand.Leading with passion
17Context/5/42/500/900.Weeks of Whoops! Built
to Flop Pitiful Performance!Innovate. Or. die.
Value-added Ladder/raw materials to
lovemarks. BEDROCK MODEL PSF.New
Markets/women. Boomers-geezers. aside
Eternal Basics.Talent. BRAND YOU.
Education.VIRAL Leadership.
18- Re-imagine! Speech Story Line in
100 Words or Less - 1. Wildly altered context (technology,
China-India, global terrorism, etc) - Only answer adaptive skills and
bold-breathtaking innovation - (top-line focus rather than cost-cutting
focus) - 3. Race way, way up the value-added curve
(implemented game-altering solutions rather
than services, experiences rather than
transactions, and much more) - 4. As part of value-added exercise, pursue Ripe
Enormous new marketsWomen, Boomers Geezers - 5. Radical (!!!) use of IS-IT
- A Roster of Weird Wondrous Entrepreneurial
Talent engaged - in Wow Projects
- Metabolic Leadership (Passionate-Radical
Leaders who instill a Discipline of Execution, a
Quick Tempo-Adaptive Culture and - an appetite to Eat Radical Change for
Breakfast) - (96
words by my count)
19Bias/es Trained by Mess-ists those with a
non-linear view of the world. Hobbies are
history statistics. Professional life,
center of, Silicon Valley, 1970-2000.Axiom200
7 The older I get, the less boring the
basics become.Favorite book, Nassim
Nicholas TalebFooled By Randomness
20 Tom Peters X25EXCELLENCE.
ALWAYS.MASTER/0618.2007/Part ONEIn Search of
Excellence 1982-2007
21It is not the strongest of the species that
survives, nor the most intelligent, but the one
most responsive to change. Charles Darwin
22Game plan The unvarnished Basics
23Hire Great People (Resilient, Passionate) Try
a Lot of Stuff (S.A.V./R.F.A.)Enjoy It While
It Lasts
24Toms Change RulesCause. (pissed off.)Try
it. (S.A.V.)Fail. Forward. Fast.Quests. Demos.
Heroes. Stories. Boonies. (Parallel
universe.)lt12.Just Say No Normal.AttitudegtAbil
ity.Wow. Insanely great.Sell! Sell!
Sell!Master politics!
25Excellence! Always! Soft is hard. Hard is soft.
(People, customers hard, s soft)25
(Blinding flash of the obvious)Wow! (Passion!
Enthusiasm! Hot language! Insanely greatSteve
Jobs)Wow EVERYWHERE (Jims Group, Basement
Systems Inc)Innovate. Or die.Top line
obsession!!! (CRO/Chief Revenue Officer
SalesgtMarketing cost cutting death
spiralVH) Innovation Mess (What makes God
laugh? People making plans.)1/100 (Big
over-rated/Mega-mergers destroy value/Built to
last chimeraBuilt to last v Built to rock
the world (TPs love affair with Netscape)
Last word There is no last word!0/800 (We
are who we hang out with/Weird for weird
times)Lead the customer!Whacky Wild WikiWorld!
(Electronic planetary scrum.)Try stuff!!!!!!!!!
(R.F.A., S.A.V.) (Ready. Fire. Aim. Screw Around
Vigorously.)Fail. Forward. Fast. (Reward
excellent failures. Punish mediocre
successes.)Try MORE stuff!!! (You miss 100 of
the shots you dont take.)Parallel Universe
(Jill Ker Conway, Starbucks 1, Intel V.C. fund,
China!)4/40 (4 learnings in 40 years
Decentralization, Execution, Accountability,
615AM)Lord Nelson (Other admirals more afraid
of losing )Up, Up, Up the VA Ladder
(Solutions/PSF, Experience Dreamketing
Lovemark)Women rule! (Buy all ! Control all
wealth! Better leaders!)15,000,000,000,000/7 of
13 (Boomers. Geezers. Wealth. Half of life still
to go)Brand You (Or else!)PSF!!! (All)Talent
Brand (Leaders do people, connoisseur of
talent, Send em on bold Quests, HR rules!
ltCapEx, gtPeopleX ) (Think Wegmans)195,000
(Healthcare Quality-Safety/EMR/DSS,
Prevention-Wellness, Public Health 1!)Teach to
test Evil! (The Creative Age is a wide-open
game. Richard Florida) Leadership/12Ps
(Purpose. Passion. Potential. Presence. Personal.
Pissed off.Playful. Persistence. People.
Peculiar. Potent. Positive.)Do one thing every
day that scares you. (Eleanor Roosevelt)Basics!
(Decency. Flowers. Grace. Respect. Servant. Host.
Etc.)
26 This I Believe Toms
Super-TIB251. TECHNICOLOR Times.2. Passion!
Enthusiasm! Energy!3. Action/R.F.A./O.O.D.A.
Speed.4. Screw-ups. BIG SCREW-Ups!5. Mess!
Improv!6. Revolution! Re-imagine!7. INNOVATE OR
DIE! 8. Decentralize!9. Bulk is BULL! (Mergers
dont work. FOCUS Does!)10 Different gt
Better11. eALL/Power Tools for Power
Strategies!12. Forgetting/Destruction.13. Hot
Language Matters!14. WOW!/WOW Projects.15. VA
Bedrock The PSF. (Professional Service
Firm.)16. Daring.17. Talent Time! Leaders Do
People!18. Talent/Diversity.19. Talent/Women
Rule!20. Brand You Universe.21. Design!22.
Gasp-worthy Experiences/Lovemarks.23. New Market
Demographics/Women/Boomers Geezers/Green/Wellnes
s.24. Grace.25. EXCELLENCE!
27Sir Richards RulesFollow your passions.Keep
it simple.Get the best people to help
you.Re-create yourself.Play.Source
Fortune/10.03
28All you need to know
2925
30You Your calendarCalendars never lie
31You must be the change you wish to see in the
world.Gandhi
3220-minute rule Craig Johnson/30 yrs
33gt70Hank Paulson, China visits, Fortune 1127.06
34I called 60 CEOs in the first week of the year
to wish them happy New Year. Hank Paulson,
former CEO, Goldman SachsSource Fortune,
Secrets of Greatness, 0320.05
35MBWA, Grameen Style!Conventional banks ask
their clients to come to their office. Its a
terrifying place for the poor and illiterate.
The entire Grameen Bank system runs on the
principle that people should not come to the
bank, the bank should go to the people. If any
staff member is seen in the office, it should be
taken as a violation of the rules of the Grameen
Bank. It is essential that those setting up a
new village Branch have no office and no place
to stay. The reason is to make us as different as
possible from government officials. Source
Muhammad Yunus, Banker to the Poor
36 a blinding flash of the obvious Manny Garcia
37The older I get the less boring the basics
become!
38 The one thing you need to know about sustained
individual success Discover what you dont like
doing and stop doing it. Marcus
Buckingham, The One Thing You Need to Know
39All you need to know except for
40Conrad Hilton, at a gala celebrating his life,
was asked, What was the most important lesson
youve learned in you long and distinguished
career? His immediate answer remember to
tuck the shower curtain inside the bathtub
41This is itAll you need to know
42Thank you!!!
43Thank you Ann!!!
44FLOWERPOWER
FLOWERPOWER
45The Jim Jeffords oversight!
46Courtesies of a small and trivial character are
the ones which strike deepest in the grateful and
appreciating heart. Henry Clay
47Relationships (of all varieties) THERE ONCE WAS
A TIME WHEN A THREE-MINUTE PHONE CALL WOULD HAVE
AVOIDED SETTING OFF THE DOWNWARD SPIRAL THAT
RESULTED IN A COMPLETE RUPTURE.
48Be kind, for everyone you meet is fighting a
great battle. Philo of Alexandria
49The Managers Book of Decencies How Small
/gestures Build Great Companies. Steve
Harrison, Adecco
50The Managers Book of Decencies How Small
gestures Build Great Companies. Steve Harrison,
Adecco Servant Leadership Robert
Greenleaf One The Art and Practice of Conscious
Leadership Lance Secretan, founder of Manpower,
Inc. (What would happen if we looked at a
customer and saw the face of God in them?)
51What would happen if we looked at a customer and
saw the face of God in them? To most people it
sounds like a lofty idea. But if you see the face
of God in a flower, why wouldnt you see it in
the face of a customer? If we treated customers
and honored the God within themif we loved
themwe would not need a quality program.
Lance Secretan, founder of Manpower, Inc. and
most recently author of One The Art and Practice
of Conscious Leadership
52Respect.Decency.Wee Gestures.
53Success Consult everyone on everythingThank
you note carpet bombingSource Roger
Rosenblatt, Rules for Aging
54This is itAll you need to know
55R.O.I.R
56Return On Investment In Relationships
57Success Consult everyone on everythingThank
you note carpet bombingSource Roger
Rosenblatt, Rules for Aging
58 Fred Reichhelds The Ultimate Question
Customer satisfaction is best measured by one
simple question, how likely are you to recommend
______ to a friend? Net Promoter Score
59THE PROBLEM IS RARELY/NEVER THE PROBLEM. THE
RESPONSE TO THE PROBLEM INVARIABLY ENDS UP BEING
THE REAL PROBLEM. Watergate, M Stewart,
BR And PERCEPTION IS ALL THERE IS!
60Leaders SERVE people. Period. Anon.
61Cause (worthy of commitment)Space (room
for/encouragement
for initiative) Decency (respect,
humane)
62This is itAll you need to know
63Do one thing every day that scares you.
Eleanor Roosevelt
64NOTE you will discover that the prior slide
appears time and time again in this
presentation.
65Im not comfortable unless Im
uncomfortable.Jay Chiat
66Every 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
67You do not merely want to be the best of the
best. You want to be considered the only ones who
do what you do. Jerry Garcia
68There are people who prefer to say Yes, and
there are people who prefer to say No. Those
who say Yes are rewarded by the adventures they
have, and those who say No are rewarded by the
safety they attain. Improv Wisdom Dont
Prepare, Just Show Up, Patricia Ryan Madson (
yes I said yes I will Yes.James Joyce, Ulysses)
69This is itAll you need to know
701 Person!Wendy Kopp, Princeton senior
(1989)Teach America (19,000-2,400)10
Dartmouth, Yale17,000 to datePrincipal hirer of
college graduatesOne of the few jobs that
people pass up Goldman Sachs for is Teach
America (Edie Hunt, HR)Source Fortune, 1127.06
71Bonus
72If God spoke to me by saying, Mark, youre 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 Wash Your Hands
.Mark Pettus, M.D., The Savvy PatientThe
most important thing you can do to keep from
getting sick is to wash your hands.
CDC/National Center for Infectious Diseases
73Whats 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
74Bonus
75New Economy?!Sergey Larry gt Harvard/370
76Bonus
77P Residual .00044/10,000 .02 X .02
781982 (-) 200 Years ()
79Truly All you need to know
8080,000,000 N America, W Europe, Japan
(800,000,000)
81(No Transcript)
82Truly, truly All you need to know
83Forget China, India and the Internet Economic
Growth Is Driven by Women. Headline,
Economist, April 15, 2006, Leader, page 14
84All you need to know
85New Zealand 2007
86Ho hum 2 weeks in New Zealand
PfizerFordGapChryslerYahoomicrosoftwalma
rt??????
87The last word There is no last word.
88The last word There is no last word.
89Flat as a Pancake (Or Worse)WalMart Dell
Intel Yahoo Home Depot Microsoft GE
90We may not be interested in chaos but chaos
is interested in us. Robert Cooper, The
Breaking of Nations Order and Chaos in the
Twenty-first Century
91Unparalleled in Our Professional
LifetimeTerrorismMiddle East instabilityChina
screw-upsGlobalization backlashEnergy
dependenceEnvironmental threatsLife
sciencesCold War with ChinaFraying American
fabricDebtH5N1U.S. impotence in the face of
Asias rise
92All you need to know
93The last word There is a last word.
94Make sure your executive team includes top
talent in design, engineering and manufacturing,
because thats your only! priority to build!
Cars! People! Want! to buy! Hot styling sells
them and quality keeps them sold. Lee
Iacocca, Where Have All the Leaders Gone?
95Radio City Music HallSeptember 2005
96Franchise Lost! TP How many of you 600
really crave a new Chevy?
97My (Less) Dinner with HenriJUSWHATIZZITUMAKE?
98My (Less) Dinner with HenriJUST WHAT IS IT
YOU MAKE??????
99Not long ago, I heard one studio chief utter the
unthinkable What would happen if I made a movie
I actually looked forward to seeing? Peter
Bart, Editor in Chief, Variety former Paramount
exec, Hollywoods Model Doesnt Produce Art, or
Much Profit (NYT/0721.06)
100Did one of em ever turn to the other and say
Wow, I wonder what unimaginable new tools,
otherwise not possible, will be brought forth for
my daughter Alice, age 17, because of this deal?
101Did one of em ever turn to the other and say
Wow I wonder what unimaginable new tools,
otherwise not possible, will be quickly brought
forth for our customers because of this deal?
102All you need to know
10324
104Single greatest act of pure imagination
105period.
106dubai
107Dubai the next hot location for Hollywood
headline, EmiratesToday, 0527.07 (spurred by
Syriana)
108 joint venture worlds largest shopping zone
Khaleej Times, Dubai/UAE, 0527.07
109Barneys New York Sold to Dubai Government for
825 MillionSource Headline, New York Times,
0623.2007
110dubai
111Copper Thieves Cause Havoc for Commuters The
Guardian (London) 28.05.0710 Billion Dollars
Contributing to the Development of Knowledge and
Culture Mohammed Bin Rashid Al Maktoum
Foundation (FT, 29.05.07)Last week Saudis buy
GE Plastics for 13B China govt investment firm
buys 10 of Blackstone Group
11224
113Where are you going? Its only 2am. You
see, you can live your life at 120 miles an hour,
and thats pretty impressive. But its not good
enough. Unless you live at 150 miles an hour, the
world will pass you by, HRH Prince Alwaleed
1 day 573 people met separately, 200 phone
calls, 100 text messages, etcSource Prince
Alwaleed, Inside the private world of the Middle
Easts most powerful investor cover story, The
Business, 0519.07
114All you need to know
115 NOT YOUR FATHERS WORLD!
116Copper Thieves Cause Havoc for Commuters
The Guardian (London) 28.05.07
117Chicagolands Mystery Disappearances
118Chinas share of global consumption/2005Cement
47Cotton 37Coal 30 Steel
26Source BusinessWeek/08.05
119All you need to know
12026m60,000/3 yrs
12143h200/yr
1221 Houston/Month/15
1235 (Years) /42 (New Airports)
124S P 500, circa 2007 gt50 of revenue from
outside the U.S., first time Source NYT,
0514.07
125200 cities with gt1,000,000 population.Source
China Takes Off, David Hale Lyric Hughes
Hale/Foreign Affairs
126Chinese Offshore Tourists93 3M03 21M
127china and India set sights on moon
missionSource Headline/FT/05.30.2007
128THREE BILLION NEW CAPITALISTS Clyde Prestowitz
129 Schools Shifting Tectonic Plates In
"economics, technology, social customs and
globalization." Out Socialism in general ("one
short chapter"). Chinese communism before the
1979 economic revolution ("a sentence"). Mao
("only once, in a chapter on etiquette"). Source
The New York Times, p1, 0901.2006, on reported
on revised history textbooks for high school
seniors in Shanghai, China.
130Let China sleep, for when she awakes she will
shake the world. Source Napoleon
131The world has arrived at a rare strategic
inflection point where nearly half its
populationliving in China, India and Russiahave
been integrated into the global market economy,
many of them highly educated workers, who can do
just about any job in the world. Were talking
about three billion people. Craig Barrett/Intel
132How we feel about the evolving future tells us
who we are as individuals and as a civilization
Do we search for stasisa regulated, engineered
world? Or do we embrace dynamisma world of
constant creation, discovery and competition?
Do we value stability and control? Or evolution
and learning? Do we think that progress
requires a central blueprint? Or do we see it as
a decentralized, evolutionary process? Do we
see mistakes as permanent disasters? Or the
correctable byproducts of experimentation? Do
we crave predictability? Or relish surprise?
These two poles, stasis and dynamism,
increasingly define our political, intellectual
and cultural landscape. Virginia Postrel, The
Future and Its Enemies
133 APPARENTLY, NOT YOUR WORLD, EITHER!
13440,000,000/20 Former Fed Vice-chairman Alan
Blinder remains an implacable opponent of
tariffs and trade barriers. But now he is saying
loudly that a new industrial revolutioncommunicat
ion technology that allows services to be
delivered from afarwill put as many as 40
million American jobs at risk of being shipped
out of the country in the next decade or two.
Wall Street Journal /0328 Blinder 40
million only the tip of a very big
iceberg.
135Income Confers No Immunity as Jobs Migrate
Headline/USA Today/02.2004
136Deutsche Bank Moves Half of Its Back-office Jobs
to India/ headline/FT/0327 (500 of 900 Research)
137There is no job that is Americas God-given
right anymore. Carly Fiorina/HP/January2004
138America, like everyone else, must get used to
being a loser as well as a gainer in the global
economy. In the end, the 21st century is
unlikely to be the American Century. When the
Chinese Consumer Is King/New York
Times/12.14.2003. The notion that God
intended Americans to be permanently wealthier
than the rest of the world, that gets less and
less likely as time goes on. Robert Solow,
Nobel laureate in economics/New York
Times/12.14.2003
139In Store International Equality, Intranational
InequalityThe new organization of society
implied by the triumph of individual autonomy and
the true equalization of opportunity based upon
merit will lead to very great rewards for merit
and great individual autonomy. This will leave
individuals far more responsible for themselves
than they have been accustomed to being during
the industrial period. It will also reduce the
unearned advantage in living standards that has
been enjoyed by residents of advanced industrial
societies throughout the 20th century.James
Davidson William Rees-Mogg,The Sovereign
Individual
140There is no job that is _____s God-given right
anymore.
1412003 98 U.S.2005 U.S. 150 Shanghai
500
142Level 5 (top) certification/Carnegie Mellon
Software Engineering Institute 35 of 70
companies in world are from IndiaSource Wired
143 One Singaporean worker costs as much as
3 in Malaysia 8 in
Thailand 13 in China 18 in
India. Source The Straits Times/2003
144Teenagers in India have big ambitionsand the
confidence to match headline/Fortune
145Short on Priests, U.S. Catholics Outsource
Prayer to Indian Clergy Headline, New York
Times (Special intentions, .90 for Indians,
5.00 for Americans)
146 Ogre to Slay? Outsource It to Chinese (New
York Times, page 1news section). The
factory Fuzhou, China. The workers youngsters
logging 12-hour shifts. Their clientele
youngsters from Seoul to San Francisco. The
work The Chinese youngsters are playing the
early levels of video games for their affluent
clients, who want to avoid the pain and time
associated with those annoying first few levels.
147What strategic motto will dominate this
transition from nation-state to market-state? If
the slogan that animated the liberal,
parliamentary nation-states was make the world
safe for democracy, what will the forthcoming
motto be? Perhaps making the world available,
which is to say creating new worlds of choice and
protecting the autonomy of persons to choose.
Philip Bobbitt, The Shield of Achilles War,
Peace, and the Course of History
148better material welfare vs. maximize the
opportunity of its people Philip Bobbitt, The
Shield of Achilles War, Peace, and the Course of
History
149Lets get on with the show
150 Tom Peters X25EXCELLENCE. ALWAYS.In
Search of Excellence 1982-2007
151Excellence. Always. Soft is Hard. Hard is
soft.Innovate. Or die.Up, up, up the value
added ladder./New markets.Talent time!
Brand you! Creative age! Leadership.
152All you need to know (repeat)
153It is not the strongest of the species that
survives, nor the most intelligent, but the one
most responsive to change. Charles Darwin
154Active mutators in placid times tend to die off.
They are selected against. Reluctant
mutators in quickly changing times are also
selected against. Carl Sagan Ann Druyan,
Shadows of Forgotten Ancestors
155Natural selection is death. ... Without huge
amounts of death, organisms do not change over
time. ... Death is the mother of structure. ...
It took four billion years of death ... to invent
the human mind ... The Cobra Event
156One 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
157 On NELSON other admirals more frightened of
losing than anxious to win
158The only way to whip an army is to go out and
fight it. GrantSource John Mosier, Grant
159recognized the value of momentum throw
opponent off balance blitzkrieg traveling
light headquarters in the saddle Jean Edward
Smith/GRANT
160The Creative Age is a wide open game.
Richard Florida, The Rise of the Creative Class
161Better By Design A National StrategyNZ
Design Excellence
162We have to move up the value chain and focus
increased efforts on becoming a knowledge-based,
entrepreneurial economy if we are to prosper in
the medium to long term. Tony Dromgoole, Chief
Executive, Irish Management Institute
163Thaksinomics (after Thaksin Shinawatra)
Bangkok Fashion City managed asset reflation
(add to brand value of Thai textiles by
demonstrating flair and design excellence)Sourc
e The Straits Times/2004
164Taiwan, Your Partner in InnoValuePoster/Buchares
t/03.06
165THE FUTURE BELONGS TO SMALL POPULATIONS
WHO BUILD EMPIRES OF THE MIND AND WHO IGNORE
THE TEMPTATION OFOR DO NOT HAVE THE OPTION
OFEXPLOITING NATURAL RESOURCES.Source Juan
Enriquez/As the Future Catches You
166Avoiding the Crush For countries to climb the
economic ladder they need strategies to get
around China Beijings industrial dominance
has forced middle-income nations such as the
Philippines to complementrather than compete
withthe wares of the Middle KingdomSource
Headline, FT, 0614.07
167FYI
168China TimberlandFarmer Campbell Soup
169 Hold You Horses 60 of U.S.
foreign investment goes to Europe U.S.
investment in the smaller European nations e.g.
Belgium, Ireland gt U.S. investment in China or
India. 2/3rds of European foreign investment is
in the U.S. Europes investment in Georgia,
Indiana and Texas gt U.S. investment in China
and Japan combined. Source Newsweek, 03.2007
170All you need to know
1710/800
1720/800normal!
173Keep Austin Weird
174F(Anger/Passion) gtgtgtgt f(Pushback from Threatened
Fat-cats Bureau-crats)
175Intelligent people can always come up with
intelligent reasons to do nothing. Scott Simon
176Honestly, All you need to know
177You do not merely want to be the best of the
best. You want to be considered the only ones who
do what you do. Jerry Garcia
178All you need to know
179Excellence can be obtained if you ... care
more than others think is wise ... risk
more than others think is safe ... dream
more than others think is practical ...
expect more than others think is
possible. Source Anon. (Posted _at_ tompeters.com
by K.Sriram, November 27, 2006 117 AM)
180Strive for Excellence. Ignore success. Bill
Young, PR driver (courtesy Andrew Sullivan)
181Life is occupied in both perpetuating itself and
in surpassing itself. If all it does is maintain
itself, then living is only not dying. Simone
de Beauvoir Longevity has its place, but Im
not concerned about that now. I just want to do
Gods will, and Hes allowed me to go up the
mountain. And Ive looked over. And I have seen
the Promised Land. And I dont mind. I may not
get there with you. MLK/Memphis
182Really, really All you need to know
183Enemy 1I.C.D.Note 1 Inherent/Inevitable/Imm
utable Centralist DriftNote 2 Jim Burkes
1-word vocabulary No.
184No problems No progress.Period.
185Life 101 A 40-year Reflection Go on offense.
Give everybody a shot. Decentralize. Try a
bunch of stuff. Make it up as you go along. Get
some stuff wrong. Laugh a lot. Get some stuff
right. Become a success. Extract lessons
learned or best practices. Thicken the Book of
Rules for Success. Become evermore
serious. Enforce the rules to increasingly tight
tolerances. Go on defense. Install walls.
Protect-at-all-costs todays franchise.
Centralize. Calcify. Install taller
walls. Write more rules. Become irrelevant and-or
die.
186Really, really All you need to know
187 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.
188What makes God laugh?
189People making plans!
190NOTE you will discover that the prior slide
appears time and time again in this
presentation.
191READY.FIRE!AIM.Ross Perot (vs Aim! Aim!
Aim! /EDS vs GM/1985)
192S.A.V.
193Paul Allaire/Xerox We are in a brawl with no
rules.TP Theres literally only one
possible answer Screw Around Vigorously!
194Fail . Forward. Fast.High Tech CEO,
Pennsylvania
195You miss 100 of the shots you never take.
Wayne Gretzky
196The secret of fast progress is inefficiency,
fast and furious and numerous failures. Kevin
Kelly
197InnovationGet mad. Start Doing something about
it. Now.
198 Tom Peters X25EXCELLENCE. ALWAYS.In
Search of Excellence 1982-2007
199 EXCELL-ENCE????
200I 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
201 SP Stability Ratings
1985 2006Low Risk
41 13 Average Risk 24
14High Risk 35 73Likelihood
of stable long-term earnings growthSource
Fortune (2 October 2006)
202Axiom We have met the enemy and he is
us.Axiom The adaptive capabilities of big
corporations taken as a whole is problematic
read pathetic.Antidote The answer is 75
internal. To sustain/win, we must first and
foremost and in perpetuity beat back the forces
of darknesssize and inertia and fear and
timidity and over-complexity.
203Uncertainty is the only thing to be sure of.
Anthony Muh,head of investment in Asia,
Citigroup Asset Management
204Forbes100 from 1917 to 1987 39 members of the
Class of 17 were alive in 87 18 in 87 F100
18 F100 survivors significantly underperformed
the market just 2 (2), GE Kodak,
outperformed the market from 1917 to 1987.SP
500 from 1957 to 1997 74 members of the Class of
57 were alive in 97 12 (2.4) of 500
outperformed the market from 1957 to
1997.Source Dick Foster Sarah Kaplan,
Creative Destruction Why Companies That Are
Built to Last Underperform the Market
205I.E. our best and brightest arent.
206Mr. Foster and his McKinsey colleagues collected
detailed performance data stretching back 40
years for 1,000 U.S. companies. They found that
none of the long-term survivors managed to
outperform the market. Worse, the longer
companies had been in the database, the worse
they did.Financial Times/11.28.2002
207Its just a fact Survivors underperform.
Dick Foster
208The difficulties arise from the inherent
conflict between the need to control existing
operations and the need to create the kind of
environment that will permit new ideas to
flourishand old ones to die a timely death. We
believe that most corporations will find it
impossible to match or outperform the market
without abandoning the assumption of continuity.
The current apocalypsethe transition from a
state of continuity to state of discontinuityhas
the same suddenness as the trauma that beset
civilization in 1000 A.D. Richard Foster
Sarah Kaplan, Creative Destruction (The
McKinsey Quarterly)
209Welcome to the Club of Shattered Dreams Of
Koreas Top 100 companies in 1955, only 7 were
still on the list in 2004. The 1997 crisis
destroyed half of Koreas 30 largest
conglomerates.Source KET Issue Report, Kim
Jong Nyun (14.05.2005)
210GM25/50-75 Built to last????
211Forget gt LearnThe problem is never how to
get new, innovative thoughts into your mind, but
how to get the old ones out. Dee Hock
212 Success Kills!The more successful a company,
the flatter its forgetting curve. Gary Hamel
and C.K. Prahalad
213Wanted Corporate Senility! Desperately!
The problem is never how to get new,
innovative thoughts into your mind, but how to
get the old ones out. Dee Hock
214It is generally much easier to kill an
organization than change it substantially.
Kevin Kelly, Out of Control
215C.E.O. to C.D.O.
216(Practical) Implication?Go for it! (Why
notalternative is slow death, at best)
217Joe J. Jones 1942 2006 HE WOULDA DONE
SOME REALLY COOL STUFF BUT HIS BOSS
WOULDNT LET HIM!
218Hmmmmm
219Do one thing every day that scares you.
Eleanor Roosevelt
220 BIAS.BUILT.TO.LAST.NOT.
221TP1 Netscape!Where would you rather have
worked for those 5 years, Netscape or
IBM-HP-Microsoft-Oracle? (Where, 25 years from
now, would you rather to be able to tell
someonee.g., grandchildthat you worked?)
222Built to LastvsBuilt to Change/Rock the World
223The last word There is no last word.
224RMcK A lot of companies in the Valley
fail.RN Maybe not enough fail.RMcK What
do you mean by that?RN Whenever you
fail, it means youre trying new
things.Source Fast Company
225Wealth in this new regime flows directly from
innovation, not optimization. That is, wealth is
not gained by perfecting the known, but by
imperfectly seizing the unknown. Kevin Kelly,
New Rules for the New Economy
226Great Companies SET THE AGENDA. disturb
the sleep of
227AGENDA SETTERS Set the Table/ Pioneers/
Questors/ AdventurersUS Steel Ford Toyota
Sears GM ITT The Gap Limited WalMart
Tesco PG 3M Intel IBM Apple Nokia
Cisco Dell MCI Sun Microsoft Google
Enron Schwab GE Laker Southwest People
Express Ogilvy Virgin eBay Amazon Sony
Amgen BMW CNN Nike
228Built to Last v. Built to FlipThe problem with
Built to Last is that its a romantic notion.
Large companies are incapable of ongoing
innovation, of ongoing flexibility.Increasingl
y, successful businesses will be ephemeral. They
will be built to yield something of value and
once that value has been exhausted, they will
vanish.Fast Company
229Built to Last vs Built for ImpactBut what if
former head of strategic planning at Royal Dutch
Shell Arie De Geus is wrong in suggesting, in
The Living Company, that firms should aspire to
live forever? Greatness is fleeting and, for
corporations, it will become ever more fleeting.
The ultimate aim of a business organization, an
artist, an athlete or a stockbroker may be to
explode in a dramatic frenzy of value creation
during a short space of time, rather than to live
forever. Kjell Nordström and Jonas
Ridderstråle, Funky Business
230The difficulties arise from the inherent
conflict between the need to control existing
operations and the need to create the kind of
environment that will permit new ideas to
flourishand old ones to die a timely death. We
believe that most corporations will find it
impossible to match or outperform the market
without abandoning the assumption of continuity.
The current apocalypsethe transition from a
state of continuity to state of
discontinuityhas the same suddenness as the
trauma that beset civilization in 1000 A.D.
Richard Foster Sarah Kaplan, Creative
Destruction (The McKinsey Quarterly)
231BUILT TO DETERIORATE! When it comes to
investing, Im old school. Buy a good stock,
stick it in the drawer and when you check back
years later the stock should be worth more.
Theres only one problem. When I checked the
drawer recently it was full of clunkers,
including Lucent, down 94 percent from its 1999
high. Maybe once upon a time buy and hold was a
viable strategy. Today, it no longer makes
sense.Charles Stein/ Investment Strategies
Must Shift with Realities/Boston
Globe/10.10.04 A sample of Steins Blue
Chip-turned-clunker examples Fannie Mae
(featured in Collins Good to Great). Coke.
(Clunker, make that Stinker.) Merck. (The
mightiest fallstock down 63 percent since 2000
tumble preceded Vioxx) Uh Microsoft.
(Microsofts stock price is no higher today than
it was in 1998.) It is not clear there is
such a thing as a Blue Chip, Shawn Kravetz,
president of Boston-based hedge fund Esplanade
Capital, told Stein. Kravetzs point is a
serious one, Stein continues. Greatness is not
permanent. The process of creative destruction
isnt new. But with the world moving ever faster,
and with competition on steroids, the quaint
notion of buying and holding is hopelessly out of
step.
232Warren Bennis Patricia Ward Biederman/
Organizing Genius Great Groups Dont Last Very
Long!
233Jane Jacobs Exuberant Variety vs. the Great
Blight of Dullness. F.A. Hayek Spontaneous
Discovery Process. Joseph Schumpeter the
Gales of Creative Destruction.
234In Toms world, its always better to try a swan
dive and deliver a colossal belly flop than to
step timidly off the board while holding your
nose. Fast Company /October2003
235Language! Language! Language! Language!
Language! Language!
236In-sane-ly-great
237 Radically Thrilling Language! Radically
Thrilling. BMW Z4 (ad)
238Astonish me! (SD).Build something great!
(HY).Make it immortal! (DO)Insanely
great (SJ)
239 EXCELLENCE. CIRCA 1982.
240Excellence1982 The Bedrock Eight Basics 1. A
Bias for Action 2. Close to the Customer 3.
Autonomy and Entrepreneurship 4. Productivity
Through People 5. Hands On, Value-Driven 6. Stick
to the Knitting 7. Simple Form, Lean Staff 8.
Simultaneous Loose-Tight Properties
241 Excellence1982 The Bedrock Eight
Basics 1. A Bias for Action 2. Close to the
Customer 3. Autonomy and Entrepreneurship 4.
Productivity Through People 5. Hands On,
Value-Driven 6. Stick to the Knitting 7. Simple
Form, Lean Staff 8. Simultaneous Loose-Tight
Properties
242The older I get the less boring the basics
become!
243ExIn 1982-2002/Forbes.comDJIA 10,000 yields
85,000 EI 10,000 yields 140,050
Forbes/Excellence Index /Basket of 32
publicly traded stocks
244NOTE. drop the the companies in in search of
excellence failedutter rubbish. Theyve waaaay
outperformed the market.
245 Importance of Success Factors by Various
Gurus/(Unreliable) Estimates by Tom Peters
Strategy Systems People
Passion Porter 50 20
20 10 Drucker 25 35
25 15
Bennis 25 20 30
25 Peters 15
20 35 30
246 EXCELLENCE. GAMECHANGER.(MAYBE.)
247Hardball Are You Playing to Play or Playing to
Win? by George Stalk Rob Lachenauer/HBS
PressThe winners in business have always
played hardball. Unleash massive and
overwhelming force. Exploit anomalies.
Threaten your competitors profit sanctuaries.
Entice your competitor into retreat.Approximat
ely 640 Index entries Customer/s (service,
retention, loyalty), 4. People (employees,
motivation, morale, worker/s), 0. Innovation
(product development, research development, new
products), 0.
248 EXCELLENCE. TOM. 2005.
249-
- Excellence2005 The Bedrock
Bakers Dozen - 1. A Bias For Action Is Job One! (Construct a
Discipline/Culture of EXECUTION!) - 2. DECENTRALIZATION! ACCOUNTABILITY! (Toms Top
Two, 1965-2005.) - 3. Fail. Forward. Fast. (Reward Excellent
Failures, Punish Mediocre Successes.) - 4. Metabolic Management Matters! (Hustle!
Adapt! EAT CHANGE! Win the - O.O.D.A. Loop WarConfuse Your
Competitors!) - 5. INNOVATE or Die. (Game-changers or Bust!
Lead the Customer! Just Shout NO to Imitation!) - 6. A Damn Good Product. (Pursue Dramatic
Difference.) - 7. A Damn Cool Product. (Design Rules!)
- 8. Ride the Value Added Curve to the Sky! (Sell
GamechangerSolutions Provide Scintillating - Experiences Become a Dream Merchant
Strive to Be a Lovemark.) - 9. Relentlessly Pursue the Big Two Markets.
(WOMEN Buy Everything - BOOMERS GEEZERS Have All the Money!)
- 10. Best Talent/Roster Wins! (HR Rules!
Everyone a Leader! Women Lead Best! - Weird Matters Most! A Workplace to Brag
About! Educate for Creativity!)
250 Successful Businesses Dozen Truths TPs
30-Year Perspective1. Insanely Great Quirky
Talent.2. Disrespect for Tradition.3. Totally
Passionate (to the Point of Irrationality) Belief
in What We Are Here to Do.4. Utter
Disbelief at the BS that Marks Normal Industry
Behavior.5. A Maniacal Bias for Execution and
Utter Contempt for Those Who Dont Get
It.6. Speed Demons.7. Up or Out. (Meritocracy
Is Thy Name. Sycophancy Is Thy Scourge.)8.
Passionate Hatred of Bureaucracy.9. Willingness
to Lead the Customer and Take the Heat
Associated Therewith. (Mantra Satan Invented
Focus Groups to Derail True Believers.)10.
Reward Excellent Failures. Punish Mediocre
Successes. 11. Courage to Stand Alone on Ones
Record of Accomplishment Against All the
Forces of Conventional Wisdom.12. A Crystal
Clear Understanding of the power of a Good Story
(Brand Power).
251 Everything You Need to Know about
Strategy 1. Do you have awesome Talent
everywhere? (We are the Yankees of home
improvement here in Omaha.) Do you push that
Talent to pursue Audacious Quests? 2. Is your
Talent Pool loaded with wonderfully peculiar
people who others wouldcall problems? And what
about your Extended Community of customers,
vendors et al? 3. Is your Board of Directors as
cool as your product offerings and does it
have50 percent (or at least one-third) Women
Members? 4. Long-term, its a Top-line World
Is creating a culture that cherishes above all
things Innovation and Entrepreneurship your
primary aim? Remember Innovation not
Imitation! 5. Are the Ultimate Rewards heaped
upon those who exhibit an unswerving Bias for
Action, to quote the co-authors of In Search of
Excellence? Are your O.O.D.A. loops shorter than
the next guys? 6. Do you routinely use hot,
aspirational words-terms like Excellence and
B.H.A.G. (Big Hairy Audacious Goal, per Jim
Collins) and Lets make a dent in the Universe
(the Word according to Steve Jobs)? Is Reward
excellent failures, punish mediocre successes
your de facto or de jure motto? 7. Do you
subscribe to Jerry Garcias dictum We do not
merely want to be the best of the best, we want
to be the only ones who do what we do? 8. Do you
elaborate on and enhance Jerry Gs dictum by
adding, We subscribe to Best Sourcingand only
want to associate with the best of the best.
9. Do you embrace the new technologies with
child-like enthusiasm and a revolutionarys
zeal? 10. Do you serve and satisfy customers
or go berserk attempting to provide every
customer with an awesome experience that does
nothing less than transform the way she or he
sees the world?11. Do you understand to your
very marrow that the two biggest under-served
markets are Women and Boomers-Geezers? And that
to take advantage of these two Monster Trends
(FACTS OF LIFE) requires fundamental re-alignment
of the enterprise? 12. Are your leaders
accessible? Do they wear their passion on their
sleeves? Does integrity ooze out of every pore of
the enterprise? Is We care your implicit
motto? 13. Do you understand business mantra 1
of the 00s DONT TRY TO COMPETEWITH WALMART
ON PRICE OR CHINA ON COST? (And if you get this
last idea, then see the 12 above!)
252 Ten Good Reasons to Get Up in
the Morning 1. Empower one and all to
vigorously seek WOW! in their work/projects. (Or
else.) Foster the Brand You Spirit and the
Entrepreneurial Urge at every turn. (Or else.)
2. Blow up education as we know it today!
Re-tool education to emphasize the arts,
creativity, entrepreneurial behavior. (Or
else.) 3. Seek out the bold, the strange, the
misfits, the dreamersand welcome their presence
in our midst. 4. Drag enthusiasm, passion,
Technicolor and bold commitment out of the
closet! Make Passion your Passion! (Hint Passion
makes the world go round.) 5. Be a champion for
Women Roar! Women Rule!6. Underscore the
importance of/stupendous opportunities associated
with the cool new markets Women, Boomers and
Geezers, Hispanics, Greenies, Wellness. 7.
Dramatically re-orient healthcare from
after-the-fact fixes to before-the-fact
attention to prevention-Wellness. (And kindly
suggest that the acute-care industry give
some passing thought to Quality.)8. Ensure that
the historically neglected intangibles are the
prime basis for individual and enterprise
success. 9. Support Globalization as the bestif
indeed messypath to maximum human freedom,
security and welfare. 10. Swear by the motto
Reward excellent failures punish mediocre
successes.
253 This I Believe Toms
Super-TIB251. TECHNICOLOR Times.2. Passion!
Enthusiasm! Energy!3. Action/R.F.A./O.O.D.A.
Speed.4. Screw-ups. BIG SCREW-Ups!5. Mess!
Improv!6. Revolution! Re-imagine!7. INNOVATE OR
DIE! 8. Decentralize!9. Bulk is BULL! (Mergers
dont work. FOCUS Does!)10 Different gt
Better11. eALL/Power Tools for Power
Strategies!12. Forgetting/Destruction.13. Hot
Language Matters!14. WOW!/WOW Projects.15. VA
Bedrock The PSF. (Professional Service
Firm.)16. Daring.17. Talent Time! Leaders Do
People!18. Talent/Diversity.19. Talent/Women
Rule!20. Brand You Universe.21. Design!22.
Gasp-worthy Experiences/Lovemarks.23. New Market
Demographics/Women/Boomers Geezers/Green/Wellnes
s.24. Grace.25. EXCELLENCE!
254 EXCELLENCE. TOM. 2007.
255Hire Great People (Resilient, Passionate) Try
a Lot of Stuff (S.A.V./R.F.A.)aCCEPT NO LESS
THAN EXCELLENCE/PURSUE Wow!enjoy It While It
Lasts
256pursue a mission that rocks the world
(Pharmaceuticals, Moldy basements) Hire
awesome/weird People for 100 of jobs
(Resilient, Passionate) (Wegmans) give em lots
of room to experiment, fail, growmake respect
decency integrity our watchwordsLeaders
Serve. (Servant/Host Leadership)try a
Lot of Stuff, fast tempo (S.A.V./Screw Around
Vigorously, R.F.A./Ready. Fire. Aim.)Emphasize
revenue (Organic growth, Sales/Top line
rules)have fun/exude joydemand
excellence/Make accountability instinctive
(Insane standards for our mates and
communitys sake)Its all about Women!
(Market, Leadership, Wealth, Womenomics)
never, never forget the it (Its the PRODUCT,
Stupid.) 25! (Go, Howard!) (Conrad says,
Dont forget the shower curtain.)be of
gaspworthy service (Cirque du Soleil is our
standardeven infinance.) (My customer is my
partner.) (Remember She remember Me the
latter Old . ) Create
effective/imaginative/minimalist infrastructure
(K.I.S.S./Keep It Simple, Stupid RED BUTTON on
the terminal)re-imagine as routine (Forget gt
Remember) enjoy It While It Lasts
257 EXCELLENCE. CAUSES.ADVERSARIES.
258 Causes/1966-2006 Women/Mark
et opportunity Women/Leaders (right for the
times) Design/Design-as-soul Wow! (Hot
language) Weird! Passion!/Enthusiasm!/Exuberance!
(as Leader Lever 1) Brand You (or else) PSF
Bedrock (add value or bustevery group must
demonstrate economic viability) PSF Brand You
WOW Projects New Biz Logic Sales/R gt -C
(increasing revenue more important than cutting
cost) HealthCare/Wellness-Safety-H5N1 Brand
Talent (best roster wins) New VA
Ladder/Products-Services-SOLUTIONS-
EXPERIENCES-DREAMKETING (Dream Marketing)-
LOVEMARK Different gt gt Better Boomers
Geezers/marketing to new mega-segment
259 Adversaries B-schools (crappy at soft skills,
implementation, leadership) Strategy-is-all By-the
-numbers management Dis-passionate
management Focus groups Intuition
discounted Leading as an intellectual
task Leading without passion Cool language in Hot
times Dilbert (accepting cubicle slavery) Bigness
per se (severe scale limitationseven at
Microsoft) White guys! (not really, but enough
already) 18-44 emphasis in marketing (geezers gt
youth for foreseeable future) -Cost gt Revenue
(cost cutting more important than organic revenue
growth) CI (continuous improvement in an age of
discontinuous world) LESS THAN THE
NO-HOLDS-BARRED PURSUIT OF EXCELLENCE
260Them-Us
261Them UsStrategy
EXECUTIONPlanning
ActionMarketing
Selling/SalesMarkets
CustomersCustomers
ClientsMicro-segmentation Big
Stuff (Women, Boomers)Cost minimization
Revenue maximizationSynergy/Efficiencies
DecentralizationStrategic supplier
Pioneering supplierProcess
ProjectEffectiveness
ExcellenceMen
WomenLeadership
Management
LeadershipStandardization
Exceptionalism (53 53)Big clients
COOL clientsPrestigious Board
INTERESTING Board
262Them UsBig
Mid-sizeGrowth by merger
Organic growthBuy market share
Create NEW marketsEfficient, streamlined
Value-creating PSF
department Certainty-predictability
Ambiguity-opportunityFearful of losing
Aggressive pursuit
of winningPlan
PrototypeCareful
evaluation Another
prototypeRevised plan
Another prototypePeople/Employees
TalentEffective HR department Rockin
Talent
Development Center
of ExcellenceBenchmark
against the Benchmark against the
best-industry leader coolest
263Them
UsBenchmark
FuturemarkOrderly career progression Up
or Out (PDQ)Head
HeartIQ
EQProfessional
PassionateStoic, humble leaders
Noisy, emotional
characters in chargeHire for
Resume Hire for
intangiblesMeasured-thoughtful
Relentless, pig-headed approach
determinationTeamwork comes first
Teamwork and disruptive
individuals equal
billingListen to customers Lead
customersCustomer involvement
Intimate-Seamless
customer inter-twining
264Them UsMBM (M