+ All Categories
Home > Documents > Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

Date post: 03-Jan-2016
Category:
Upload: lynette-charles
View: 215 times
Download: 0 times
Share this document with a friend
Popular Tags:
79
Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00
Transcript
Page 1: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

Merrill Lynch

Group Employee Services 2000National Client Conference

Scottsdale Princess04.11.00

Page 2: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

“It means nothing less than the total

reinvention of this company.”

Page 3: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

Jacques’ New New Ford

Ford + MSN CarPointFord + Yahoo!Ford + Oracle

Ford + HP/MCIWorldcomEtc.Etc.

Page 4: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

Brand Inside

Brand Org!

Page 5: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

And Now the Equivalent …

White Collar Revolution!

Page 6: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

The Pincer 5

“Destructive” entrepreneurs/ Global Competition

“White Collar Robots”

THE INTERNET! [E.g.: GM + Ford + DaimlerChrysler]

Global Outsourcing [E.g.: India, Mexico]

Speed!!

Page 7: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

PSF 1.0

Professional Service Firm Conversion Kit /

Release 1.0

Page 8: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

Why are there no books on how to create

a “Cool, Rocking, WOW-producing

Finance Department”?

Page 9: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

PSF 1.0

Department Head

to …

Managing Partner, HR [IS, etc.] Inc.

Page 10: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

C.I.O. to

C.E.F.R.N.S.*

Page 11: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

*Chief Evangelist For

Really Neat Stuff

Page 12: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

Women and new-economy

management …

Page 13: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

Net Result …

Say goodbye to “command and control.”

Say goodbye to hierarchy.

Say goodbye to “knowing one’s place.”

Page 14: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

Women’s “Stuff” = Ideal new Economy Match

Improv skillsRelationship-centric

Less “rank consciousness”Self-determinedTrust sensitive

IntuitiveNatural “empowerment freaks” [less

threatened by strong people]Intrinsic [motivation] > Extrinsic

Page 15: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

[ … and women are Market Opportunity #1]

Page 16: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

Brand Inside

Brand Work!

Page 17: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

“Reward excellent failures. Punish

mediocre successes.”

Phil Daniels, Sydney exec

Page 18: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

But Does It Matter ????

“On time, on budget … who cares?”

anon. seminar participant (4/99)

Page 19: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

“You really got to me. So many of our information technology projects take on a life of their own, and I know they’ll never end up as more than ‘mediocre successes.’ ”

CEO, F100 financial services company (10-98)

Page 20: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

“Every project we take on starts with a question:

How can we do what’s never been done

before?”Stuart Hornery, CEO, Lend Lease

Page 21: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

Measures

–WOW!–Beauty!–Raving Fans!–Impact!

Page 22: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

Implementation Secret No. 1: Go horizontal: Find a (one!) “line” ally in “the Boonies”

Secret No. 2: “Powerless” allies are Cool!

Secret No. 3: Passion Rules!Secret No. 4: Become a Prototyping

Maniac! Secret No. 5: Embrace Politics /

“Community Organizing”!

Page 23: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

Epitaph from Hell …

Joe T. Jones

1942 - 2000

HE WOULDA DONE SOME

REALLY COOL STUFF

BUT …

HIS BOSS WOULDN’T LET HIM!

Page 24: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

Characteristics of the “Also Rans”

“minimize risk” “respect the chain of command” “support the boss” “make budget”

Source: Fortune on “most admired global corporations” (10/26/98)

Page 25: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

Brand Inside

Brand You!

Page 26: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

DISTINCT … OR EXTINCT!

“If there is nothing very special about your work, no matter how hard you apply yourself, you won’t get noticed and that increasingly means you won’t get paid much, either.”

Michael Goldhaber, Wired

Page 27: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

Personal “Brand Equity” Evaluation– I am known for [2 to 3 things]; next year at this time I’ll

also be known for [1 more thing].– My current Project is challenging me …– New things I’ve learned in the last 90 days include …– My public “recognition program”

consists of …– Additions to my Rolodex in the last 90 days include …

–My resume is discernibly different from last year’s at this time …

Page 28: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

“You are the storyteller of your own life, and you can create your own

legend or not.”

Isabel Allende

Page 29: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

Ike’s World Book Page

And Yours?

Page 30: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

Icon Woman …

–Totally turned on by her work!–“It” matters / a WOW Project!–“It” is … COOL!–“It” is … BEAUTIFUL!–She is … in your face!–She is an … adventurer!–She is … CEO of her own life!

Page 31: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

Icon Woman …

- She is … at least … a little funky!–Her curiosity is … insatiable!–She thinks screwups are …

as normal as breathing!–She hangs out with some …

seriously rad Dudes!–She is not God. She is not Bionic

Woman. She is … determined to make a damned difference!

Page 32: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

“Well-behaved women rarely make history.”

Anita Borg, Institute for Women and Technology

Page 33: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

Icon Woman Meets the Web …– submits resume on the Web– recruited on the Web– hired on the Web– trained on the Web– creates and conducts projects with

virtual teams on the Web– manages project and client

follow-up on the Web– manages career/reputation-building

on the Web

Page 34: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

“Firms will not ‘manage the careers’ of their employees. They

will provide opportunities to enable the employee to develop

identity and adaptability and

thus be in charge of his or her own career.”

Tim Hall et al., “The New Protean Career Contract”

Page 35: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

H.R. to H.E.D. ???

HumanEnablement Department

Page 36: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

Seminar Y2K/Brand Inside

Message: Distinct … or

Extinct!

Page 37: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

Brand Inside

Brand Talent!

Page 38: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

“People are born with talent and everywhere it is in chains. Talent is 21st century wealth.” Tony Blair, architect of “Cool Britannia”

Page 39: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

Issue Y2K

The Great War for Talent!

Page 40: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

There is no “talent shortage” …

if …

you are a GPTW *

*Great Place To Work

Page 41: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

Today … for me … is a … PEAK

EXPERIENCE!

Why …

Page 42: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

Who Are You …

Not: “Benefits Managers” (Whatever)

Are: FRONT-LINE PLAYERS IN …

THE GREAT WAR FOR TALENT!

Page 43: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

Alan Kay on PARC’s Bob Taylor

“He was a connoisseur of

talent.”

Page 44: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

A Connoisseur of Talent …

–Spends time on Talent!

–Becomes a student of Talent!

–Uses Plain English! (If you want “sunny” … ask for “sunny”!)

–Recruits from oddball places! / Recruits Oddballs!

Page 45: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

“Our business needs a massive transfusion of talent. And talent, I believe, is most likely to be found among non-conformists, dissenters and rebels.” David Ogilvy

Page 46: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

Axiom: Never hire anyone without an aberration in their

background. (Find the One Ton Cookie Man!)

Page 47: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

A Connoisseur of Talent …

–Recruits M.I. (Gardner: Logical-mathematical, linguistic, artistic, musical, bodily-kinesthetic, intrapersonal-self, interpersonal-others)

–Recruits arts!–Becomes de facto C.D.O. (Chief Diversity

Officer)–Turns the pay scale upside down! / Pays

Talent!

Page 48: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

“Where do good new ideas come from? ...

That’s simple! From differences. Creativity comes from unlikely juxtapositions. The best way to

maximize differences is to mix ages, cultures and disciplines.”

Nicholas Negroponte

Page 49: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

The NAESP …

Page 50: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

Attributes of Those Who “Made” the 10th Grade History Book

–Committed!–Determined to make a difference!–Focused!–Passionate! –Irrational about their life’s project!–Ahead of their time / Paradigm

busters!–Impatient! / Action Obsessed

Page 51: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

Attributes of Those Who “Made” the 10th Grade

History Book –Made lots of people mad!

–Flouted the chain of command!

–Creative / Quirky / Peculiar! / Rebels! / Irreverent!

–Masters of improv / Thrive on chaos / Exploit chaos!

Page 52: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

Attributes of Those Who “Made” the 10th Grade History Book

–Forgiveness > Permission

–Bone honest!

–Flawed as the dickens!

– “In touch” with their followers’ aspirations

–Damn good at what they do!

Page 53: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

Just Say “No” to “Grout”!

Participant: “Don’t you need ‘grout’ between the tiles?”

TP: “No!” [med staff, NFL Special Teams,waiters,

PFCs, cymbals player, bit parts, waiters]

Page 54: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

TP’s Ideal Job:

Head of Housekeeping!

Page 55: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

Talent War Y2K!

–All out!/ Time consuming!

–Never ending!/ Unwinnable!

–Expensive!

–Cool!/ WOW!/ Fun!/ Creative!

–Strategic!/ (THE) Core competence!

Page 56: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

Talent = Brand

Page 57: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

Brand Outside=

Brand Inside

Page 58: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

“Consumers don’t simply buy products, they buy attitudes as well. When confronted with proliferation and

diversity, choices become increasingly informed by belief. [Consumers] want to

know who is behind the products that they buy. They want to know the

company. They want to know what you think.”

Jesper Kunde, Corporate Religion

Page 59: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

T.T.D. #1

Construct a formal “Great War for Talent

Strategy” for your unit!

Page 60: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

Brand Outside: The Marketplace Revolution

Confronting the “Sameness

Malady”!

Page 61: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

“The ‘surplus society’ has a surplus of similar companies, employing similar

people, with similar educational backgrounds, working in similar jobs,

coming up with similar ideas, producing similar things, with similar

prices and similar quality.”

Kjell Nordstrom and Jonas Ridderstrale, Funky Business

Page 62: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

“Wealth 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

Page 63: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

Dell’s Web sales … daily ?

Page 64: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

$35,000,000.

Page 65: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

Anne Busquet/ American Express

Not: “Age of the Internet”

Is: “Age of Customer Control”

Page 66: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

“Where does the Internet rank in priority?

It’s No. 1, 2, 3, and 4.” Jack Welch

Page 67: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

Women … 49% of Web users; 6 of 10 new users; 83% of wired women are primary decision makers for family healthcare,

finances, education.

Source: Business Week (11-99)

Page 68: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

$3.3T + $1.5T = $4.8T9M/27.5M/$3.6T

Page 69: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

OPPORTUNITY

NO. 1!

Page 70: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

Not!!

“Year of the Woman”

Page 71: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

Enterprise Reinvention!

RecruitingHiring/Rewarding/ Promoting

Structure Processes

MeasurementStrategyCulture Vision

Leadership

THE BRAND ITSELF!

Page 72: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

Wanna see my “dirty

pics” collection?

Page 73: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

27 March 2000: email to TP from Shelley Rae Norbeck

“I make 1/3rd more money than my husband does. I have as much financial

‘pull’ in the relationship as he does. I’d say this is also true of most of my women

friends. Someone should wake up, smell the coffee and kiss our asses long enough

to sell us something! We have money to

spend and nobody wants it!”

Page 74: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

e-Response [esponce?] to ACE Presentation [04.07.00] …

“… contract home builders! When is this industry going to wake up and realize that women not only

decide which house to buy, but also buy and pay for the

house ourselves?”B.Bosch/Toronto

Page 75: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

Brand Outside

BRAND POWER!

Page 76: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

“Corporate Religion is a completely new way of thinking about companies. Today, the product is still the main communication

highway in the company. When companies make the shift to selling solutions, brands and attitudes … communicating the company’s

attitudes and values becomes the decisive parameter for success. It

demands that you find out who you are as a company.”

Jesper Kunde, Corporate Religion

Page 77: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

“In the funky village, real competition no longer revolves

around marketshare. We are competing for attention –

mindshare and heartshare.”Kjell Nordstrom and Jonas Ridderstrale,

Funky Business

Page 78: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

Brand Leadership:The Y2K

Leadership Imperative

Putting Ourselves at Risk!

Page 79: Merrill Lynch Group Employee Services 2000 National Client Conference Scottsdale Princess 04.11.00.

Ann Richards’ Dogma

Show up!

Know your message!

PUT YOURSELF AT RISK EVERY DAY!


Recommended