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Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002
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Page 1: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

Tom Peters Seminar2002

We Are in a Brawl with No RulesMumbai/31October2002

Page 2: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

Slides at …

tompeters.com

Page 3: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

“We are in a

brawl with no rules.”

Paul Allaire

Page 4: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

“There will be more

confusion in the business world in the next decade than in any decade in history. And the current pace of

change will only accelerate.”Steve Case

Page 5: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

“If you don’t like change, you’re going to like

irrelevance even less.” —General Eric Shinseki, Chief

of Staff, U. S. Army

Page 6: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

I. NEW BUSINESS.

NEW CONTEXT.

Page 7: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

1.All Bets Are Off.

Page 8: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

“The corporation as we know it, which is now 120 years old, is

not likely to survive the next 25 years. Legally and

financially, yes, but not structurally and economically.”

Peter Drucker, Business 2.0 (08.00)

Page 9: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

<1000A.D.: paradigm shift: 1000s of years1000: 100 years for paradigm shift

1800s: > prior 900 years1900s: 1st 20 years > 1800s

2000: 10 years for paradigm shift

21st century: 1000X tech

change than 20th century (“the ‘Singularity,’ a merger between humans and computers that is so rapid and profound it

represents a rupture in the fabric of human history”)

Ray Kurzweil

Page 10: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

2. The Destruction Imperative.

Page 11: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

Forbes100 from 1917 to 1987: 39 members of the Class of ’17 were alive

in ’87; 18 in ’87 F100; 18 F100 “survivors” underperformed the market

by 20%; just 2 (2%), GE & Kodak, outperformed the market 1917 to 1987.

S&P 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

Page 12: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

“Good management was the most powerful reason [leading firms] failed to stay atop their industries. Precisely because these firms

listened to their customers, invested aggressively in technologies that would provide their customers more

and better products of the sort they wanted, and because they carefully studied market trends and

systematically allocated investment capital to innovations that promised the best returns, they lost

their positions of leadership.”

Clayton Christensen, The Innovator’s Dilemma

Page 13: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

Forget>“Learn”

“The problem is never how to get new, innovative

thoughts into your mind,

but how to get the old ones out.”

Dee Hock

Page 14: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

“Acquisitions are about buying market share.

Our challenge is to create markets. There is a big difference.”

Peter Job, CEO, Reuters

Page 15: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

“When asked to name just one big merger that had lived up to expectations, Leon

Cooperman, former cochairman of Goldman Sachs’ Investment Policy

Committee, answered: I’m sure there are success stories

out there, but at this moment I draw a blank.”

Mark Sirower, The Synergy Trap

Page 16: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

“Conglomerates don’t work” —James

Surowiecki, The New Yorker (07.01,2002)

(T.P.: Think $2,000,000,000,000)

Page 17: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

7 Truths about Acquisitions: TP’s 30 Years of Observation

1. Big + Big = Disaster. (Statistically.) (There are exceptions; e.g., Citigroup.)2. Big (GE, Cisco, Omnicon) acquires small/specialist = Good … if you can retain Top Talent.3. Odds on achieving “projected synergies” among Mixed Big “cultures”: 10%. (Among Big + Specialist: 35%.)4. Max Scale Advantages are achieved at a smaller size than imagined. (When New Big beats slightly less big, effectiveness, not bulk, is the reason.)5. Attacked by Big, Mediocre Medium marries Mediocre Medium to “bulk up.” Result: Big Mediocrity … or worse.6. Any size—if Great & Focused—can win, locally or globally.7. Increasingly, Alliances deliver more value than mergers —and clearly abet flexibility.

Page 18: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

“It is generally much easier to kill an

organization than change it

substantially.” Kevin Kelly, Out of Control

Page 19: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

Leaders “dump the ones who brung ’em” —Nokia, HP, 3M, PerkinElmer, Corning, etc.

Page 20: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

C.E.O. to

C.D.O.

Page 21: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

CEOs appointed after

1985 are 3X more likely to be fired than CEOs appointed before 1985

Warren Bennis, MIT Sloan Management Review

Page 22: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

The [New] Ge Way

DYB.com

Page 23: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

“Organize” for … performance & customer satisfaction.

“Disorganize” for … renewal & innovation.

Page 24: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

“Active 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

Page 25: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

Lessons from the Bees!

“Since merger mania is now the rage, what lessons can the bees teach us? A simple one: Merging is not in

nature. [Nature’s] process is the exact opposite: one of growth, fragmentation and dispersal. There is no

megalomania, no merging for merging’s sake. The point is that unlike corporations, which just get bigger, bee colonies know when the time has come to split up into

smaller colonies which can grow value faster. What the bees are telling us is that the corporate

world has got it all wrong.”David Lascelles, Co-director of The Centre for the

Study of Financial Innovation [UK]

Page 26: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

The Gales of Creative Destruction

+29M = -44M + 73M

+4M = +4M - 0M

Page 27: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

“The Silicon Valley of today is built less atop

the spires of earlier triumphs than upon the

rubble of earlier debacles.”—Newsweek/ Paul Saffo (03.02)

Page 28: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

“The 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 flourish—and 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 apocalypse—the transition from a state of

continuity to state of discontinuity—has the same suddenness [as the trauma that beset civilization in

1000 A.D.]”

Richard Foster & Sarah Kaplan, “Creative Destruction” (The McKinsey Quarterly)

Page 29: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

Built to Last v. Built to Flip

“The problem with Built to Last is that it’s a romantic notion. Large companies are

incapable of ongoing innovation, of ongoing flexibility.”

“Increasingly, 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 (03-00)

Page 30: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

No Wiggle Room!

“Incrementalism is innovation’s worst enemy.”

Nicholas Negroponte

Page 31: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

THINK WEIRD: The High Standard

Deviation Enterprise.

Page 32: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

Saviors-in-Waiting

Disgruntled CustomersOff-the-Scope Competitors

Rogue EmployeesFringe Suppliers

Wayne Burkan, Wide Angle Vision: Beat the Competition by Focusing on Fringe Competitors, Lost Customers, and Rogue Employees

Page 33: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

CUSTOMERS: “Future-defining customers may

account for only 2% to 3% of your total, but they represent a crucial

window on the future.”Adrian Slywotzky, Mercer Consultants

Page 34: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

W.I.W?

20 of 267 of top 10*

Page 35: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

*P&G: Declining domestic sales in 20 of 26 categories; 7 of top 10

categories. (The “billion-dollar” problem.)

Source: Advertising Age 01.21.2002/BofA Securities

Page 36: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

Primary Obstacles to “Marketing-driven Change”

1. Fear of “cannibalism.”2. “Excessive cult of the consumer”/ “customer driven”/ “slavery to demographics, market research and focus groups.”3.Creating “sustainable advantage.” Source: John-Marie Dru, Disruption

Page 37: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

Account planning has become “focus group balloting.”

—Lee Clow

Page 38: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

“Chivalry is dead. The new code of conduct is an active strategy of disrupting the status quo

to create an unsustainable series of competitive advantages. This is not an age of defensive

castles, moats and armor. It is rather an age of cunning, speed and surprise. It may be hard for some to hang up the chain mail of ‘sustainable

advantage’ after so many battles. But hypercompetition, a state in which sustainable advantages are no longer possible, is now the

only level of competition.”

Rich D’Aveni, Hypercompetition: Managing the Dynamics of Strategic Maneuvering

Page 39: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

“BIG DRUG MAKERS TRY TO POSTPONE

CUSTOM REGIMENS. Most drugs don’t work well for about half the patients for whom they are

prescribed, and experts believe genetic differences are part of the reason. The

technology for genetic testing is now in use. But the technique threatens to be so disruptive to the

business of big drug companies – it could limit the market for some of their blockbuster

products – that many of them are resisting its widespread use.”

The Wall Street Journal (06.18.2001)

Page 40: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

“Generally, disruptive technologies underperform

established products in mainstream markets. But they have other features that a few

fringe (and generally new) customers value.”

Clayton Christensen, The Innovator’s Dilemma

Page 41: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

COMPETITORS: “The best swordsman in the world doesn’t need to fear

the second best swordsman in the world; no, the person for him to be afraid of is some ignorant antagonist who has never had a

sword in his hand before; he doesn’t do the thing he ought to do, and so the expert isn’t

prepared for him; he does the thing he ought not to do and often it catches the expert out and

ends him on the spot.”

Mark Twain

Page 42: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

Employees: “Are there enough weird

people in the lab these days?”

V. Chmn., pharmaceutical house, to a lab director (06.01)

Page 43: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

Deviants, Inc. “Deviance tells the story of every mass

market ever created. What starts out weird and dangerous

becomes America’s next big corporate payday. So are you looking for the next mass market idea? It’s out there … way

out there.”

Source: Ryan Matthews & Watts Wacker, Fast Company (03.02)

Page 44: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

Innovation Source No. 1*:

PPPs/Personally Pissed-off

People

“Branson started Virgin Atlantic because flying other airlines was

so dreadful.” —Fortune/05.13.2002

*And there is no No. 2!

Page 45: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

Suppliers: “There is an ominous downside to strategic supplier

relationships. An SSR supplier is not likely to function as any more than a mirror to your organization. Fringe suppliers that offer innovative business practices need

not apply.”

Wayne Burkan, Wide Angle Vision: Beat the Competition by Focusing on Fringe Competitors, Lost Customers, and Rogue Employees

Page 46: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

“As Francois Dalle, the chairman of L’Oreal, puts it, the

planner must … catch what is barely beginning.”

Source: Jean-Marie Dru, Disruption

Page 47: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

Renewal = The Weird 10 = The “High S.D.” Enterprise/Individual

Pioneer [Weird] Acquisitions

Pioneer Customers & Alliance Partners [Measure the Portfolio’s S.D.]

Divide & Conquer/“Sell-by” [Lessons from the Bees, Sir Richard, Gary H.]

Pioneer Assignments/Pioneer Projects [F2F & K2K]

Hire Weird [Diversity]/Train Weird/Promote Weird/Pay Gobs & Promote Fast & Cherish “Six Sigma” Talent/Appoint a Weird Board

Weed Un-weird [“One Sigma” “Talent,” etc.]

Hang out with Weird [Univ. of Weird]/Lunch with Weird/Read & Surf Weird/Vacate Weird

R.A.F. to R.F.A. to F.F.F. [O.O.D.A. Loops/Prototyping Mania]

Sense of Humor [Rhapsodize Over Thine Failures]

Re-enforce a “Culture of Disrespect”/Piracy

Page 48: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

II. NEW BUSINESS. NEW TECH.

Page 49: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

3. The White Collar Revolution

& the Death of Bureaucracy.

Page 50: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

108 X 5vs.

8 X 1= 540 vs. 8 (-98.5%)

Page 51: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

E.g. …

Jeff Immelt: 75% of “admin, back room, finance” “digitalized” in

3 years.

Source: BW (01.28.02)

Page 52: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

IBM’s Project

eLiza!** “Self-bootstrapping”/ “Artilects”

Page 53: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

“Unless mankind redesigns itself by changing our DNA through altering our genetic

makeup, computer-generated robots will take

over the world.” – Stephen

Hawking, in the German magazine Focus

Page 54: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

4. IS/ IT/ Web … “On the Bus” or “Off the

Bus.”

Page 55: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

“The organizations we created have become tyrants. They have taken

control, holding us fettered, creating barriers that hinder rather than help our businesses. The lines that we drew on our neat organizational diagrams have turned into walls

that no one can scale or penetrate or even peer over.” —Frank Lekanne Deprez &

René Tissen, Zero Space: Moving Beyond Organizational Limits.

Page 56: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

“Ebusiness is about rebuilding the organization from the

ground up. Most companies today are not built to exploit the Internet.

Their business processes, their approvals, their hierarchies, the

number of people they employ … all of that is wrong for running an

ebusiness.”

Ray Lane, Kleiner Perkins

Page 57: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

100 square feet

Page 58: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

Impact No. 1/ Logistics &

Distribution: Wal*Mart … Dell … Amazon.com …

Autobytel.com … FedEx … UPS … Ryder … Cisco … Etc. … Etc.

… Ad Infinitum.

Page 59: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

Autobytel: $400.

Wal*Mart: 13%.Source: BW(05.13.2002)

Page 60: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

WebWorld = Everything

Web as a way to run your business’s innardsWeb as connector for your entire supply-demand chain Web as “spider’s web” which re-conceives the industry

Web/B2B as ultimate wake-up call to “commodity producers”

Web as the scourge of slack, inefficiency, sloth, bureaucracy, poor customer data

Web as an Encompassing Way of LifeWeb = Everything (P.D. to after-sales)

Web forces you to focus on what you do bestWeb as entrée, at any size, to World’s Best at Everything

as next door neighbor

Page 61: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

“Dawn Meyerreicks, CTO of the Defense Intelligence Systems Agency, made one of the most fateful military calls of the 21st century. After 9/11 … her office

quickly leased all the available transponders covering Central Asia. The implications should change everything about U.S. military thinking in the

years ahead.

“The U.S. Air Force had kicked off its fight against the Taliban with an ineffective bombing campaign, and Washington was anguishing over whether to send in a few Army divisions. Donald Rumsfeld told Gen. Tommy Franks to

give the initiative to 250 Special Forces already on the ground. They used satellite phones, Predator surveillance drones, and GPS- and laser-based

targeting systems to make the air strikes brutally effective.

“In effect, they ‘Napsterized’ the battlefield by cutting out the middlemen (much of the military’s command and control) and working directly with the

real players. … The data came in so fast that HQ revised operating procedures to allow intelligence analysts and attack planners to work directly

together. Their favorite tool, incidentally, was instant messaging over a secure network.”—Ned Desmond/“Broadband’s New Killer App”/Business

2.0/ OCT2002

Page 62: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

Case: CRM

Page 63: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

Anne Busquet/ American Express

Not: “Age of the Internet”

Is: “Age of Customer Control”

Page 64: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

“The Web enables total transparency. People with

access to relevant information are beginning to challenge any type of

authority. The stupid, loyal and humble customer, employee, patient

or citizen is dead.”

Kjell Nordström and Jonas Ridderstråle, Funky Business

Page 65: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

Welcome to D.I.Y. Nation: “Changes in business processes will emphasize self service. Your costs as a business

go down and perceived service goes up because

customers are conducting it themselves.” Ray Lane, Oracle

Page 66: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

Amen!

“The Age of the

Never Satisfied Customer”

Regis McKenna

Page 67: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

“CRM has, almost universally, failed

to live up to expectations.”

Butler Group (UK)

Page 68: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

CGE&Y (Paul Cole): “Pleasant

Transaction” vs. “Systemic Opportunity.” “Better job

of what we do today” vs. “Re-think overall

enterprise strategy.”

Page 69: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

“There’s no use trying,” said Alice. “One can’t believe impossible things.”

“I daresay you haven’t had much practice,” said the Queen. “When I was

your age, I always did it for half an hour a day. Why, sometimes I’ve

believed as many as six impossible things before breakfast.”

Lewis Carroll

Page 70: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

I’net …

… allows you to dream dreams

you could never have dreamed

before!

Page 71: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

“Don’t rebuild. Reimagine.”

The New York Times Magazine on the future of the WTC space in Lower Manhattan/09.08.2002

Page 72: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

“Suppose—just suppose—that the Web is a new world we’re just beginning to inhabit. We’re like the earlier European settlers in the United States, living on the

edge of the forest. We don’t know what’s there and we don’t know exactly what we need to do to find out: Do we pack mountain climbing gear, desert wear, canoes, or all three? Of course while the settlers may not have

known what the geography of the New World was going to be, they at least knew that there was a geography. The Web, on the other hand, has no

geography, no landscape. It has no distance. It has nothing natural in it. It has few rules of behavior and fewer lines of authority. Common sense doesn’t hold

here, and uncommon sense hasn’t yet emerged.” David Weinberger, Small Pieces Loosely Joined

Page 73: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

III. NEW BUSINESS. NEW

VALUE PROPOSITION.

Page 74: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

5. The “PSF Solution”:

The Professional Service Firm Model.

Page 75: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

So what will be the Basic Building

Block of the New Org?

Page 76: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

Every job done in W.C.W. is

also done “outside”

…for profit!

Page 77: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

Answer: PSF![Professional Service Firm]

Department Head

to …

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

Page 78: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

eHR*/PCC***All HR on the Web

**Productivity Consulting Center

Source: E-HR: A Walk through a 21st Century HR Department, John Sullivan, IHRIM

Page 79: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

Model PSF …

Page 80: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

(1) Translate ALL departmental activities into discrete W.W.P.F. “Products.”(2) 100% go on the Web.

(3) Non-awesome are outsourced (75%??).

(4) Remaining “Centers of Excellence” are retained & leveraged to the hilt!

Page 81: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

“Typically in a mortgage company or financial services company, ‘risk

management’ is an overhead, not a revenue

center. We’ve become more than that.

We pay for ourselves, and we actually make money for the company.”—Frank Eichorn,

Director of Credit Risk Data Management Group, Wells Fargo Home Mortgage (Source: sas.com)

Page 82: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

6. The Heart of the Value

Added Revolution: PSFs Unbound/ The

“Solutions Imperative.”

Page 83: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

Base Case: The Sameness Trap

Page 84: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

“While everything may

be better, it is also increasingly the same.”

Paul Goldberger on retail, “The Sameness of Things,” The New York Times

Page 85: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

“We make over three new product announcements a

day. Can you remember

them? Our customers can’t!”Carly Fiorina

Page 86: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

“Customers will try ‘low cost

providers’ … because the Majors have not

given them any clear reason not to.”

Leading Insurance Industry Analyst

Page 87: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

“The ‘surplus society’ has a surplus of

similar companies, employing

similar people, with similar educational backgrounds, coming up

with similar ideas, producing

similar things, with similar prices

and similar quality.”

Kjell Nordström and Jonas Ridderstråle, Funky Business

Page 88: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

The Big Day!

Page 89: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

09.11.2000: HP bids

$18,000,000,000for

PricewaterhouseCoopersconsulting business!

Page 90: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

“These days, building the best server isn’t enough. That’s the

price of entry.”Ann Livermore, Hewlett-Packard

Page 91: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

Gerstner’s IBM: Systems Integrator of

choice. Global Services:

$35B. Pledge/’99: Business Partner Charter. 72 strategic partners,

aim for 200. Drop many in-house

programs/products. (BW/12.01).

Page 92: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

“We want to be the air traffic

controllers of electrons.”

Bob Nardelli, GE Power Systems

Page 93: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

“Customer Satisfaction” to “Customer Success”

“We’re getting better at [Six Sigma] every day. But we really

need to think about the customer’s profitability. Are customers’

bottom lines really benefiting from what we provide them?”

Bob Nardelli, GE Power Systems

Page 94: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

Keep In Mind: Customer

Satisfaction versus

Customer

Success

Page 95: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

Omnicom: 57% (of

$6B) from marketing services

Page 96: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

“Customers will try ‘low cost

providers’ … because the Majors have not

given them any clear reason not to.”

Leading Insurance Industry Analyst

Page 97: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

Getting Beyond Lip Service!

“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

Page 98: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

Core Logic: (1) 108X5 to 8X1/ eLiza/ 100sf. (2)

Dept. to PSF/ WWPF. (3) V.A. via PSFs Unbound/ “Solutions”/ “Customer

Success.”

Page 99: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

IV. NEW BUSINESS. NEW

BRAND.

Page 100: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

7. A World of Scintillating/

Awesome/ WOW “Experiences.”

Page 101: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

“Experiences are as distinct from services as services are from

goods.”Joseph Pine & James Gilmore, The Experience Economy:

Work Is Theatre & Every Business a Stage

Page 102: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

“Club Med is more than just a ‘resort’; it’s a means of rediscovering oneself, of inventing an

entirely new ‘me.’ ”

Source: Jean-Marie Dru, Disruption

Page 103: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

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

Page 104: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

Bob Lutz: “I see us as being in the art business. Art,

entertainment and mobile sculpture, which,

coincidentally, also happens to provide transportation.”

Source: NYT 10.19.01

Page 105: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

“Car designers need to create a story. Every car provides an

opportunity to create an adventure. …“The Prowler makes you smile. Why? Because it’s focused. It has a plot, a

reason for being, a passion.”

Freeman Thomas, co-designer VW Beetle; designer Audi TT

Page 106: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

Hmmmm(?): “Only” Words …

StoryAdventure

Smile Focus

PlotPassion

Page 107: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

8. Experiences+: Embracing the

“Dream Business.”

Page 108: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

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

Page 109: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

Common Products “Dream” Products

Maxwell House StarbucksBVD Victoria’s SecretPayless FerragamoHyundai FerrariSuzuki Harley DavidsonAtlantic City AcapulcoNew Jersey CaliforniaCarter KennedyConners PeleCNN Millionaire

Source: Gian Luigi Longinotti-Buitoni

Page 110: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

Emotional Design that Interprets Dreams

“Zero defects”: Only the starting point.

Love at first sight.Design for the five senses.

Develop to expand the Main Dream.Design so as to seduce through the

peripheral senses.

Source: Gian Luigi Longinotti-Buitoni

Page 111: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

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

Page 112: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

Building the Creative Organization

Choose a creator: The cultural leader who gives the company an aesthetic point of view.Hire eclectically: Hire collaborators with different cultures and past histories in order to balance rigor with emotion.Prepare vertically: Develop a rigorous understanding of the product and the client.Develop horizontally: Promote curiosity in unrelated disciplines.Lead emotionally: Engender passionate dedication through vision and freedom.Build for the long haul: Creativity requires a lifetime commitment.

Source: Gian Luigi Longinotti-Buitoni

Page 113: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

Constantly Magnify Perceived Value

Maximize your value-added by fulfilling the dreams of your clients.

Only invest in what is valuable for your client.Don’t let the short-term results weaken the

long-term value of your brand.Balance rigorous control of the financial endeavor

with the emotional management of your brand.Build a financial structure that allows risk-taking:

NO RISKS—NO DREAMS.Establish long-term “price power” in order to avoid

the trap of the commodity product.

Source: Gian Luigi Longinotti-Buitoni

Page 114: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

9. The [Mostly Ignored] “Soul” of “Experiences”:

Design Rules!

Page 115: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

Design’s place in the universe.

Page 116: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

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

Page 117: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

“Design is treated like a religion at

BMW.”Fortune

Page 118: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

“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. Design is the fundamental soul

of a man-made creation.”

Steve Jobs

Page 119: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

Bottom Line.

Page 120: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

Design “is” … WHAT & WHY I LOVE.

LOVE.

Page 121: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

Design “is” … WHY I

GET MAD. MAD.

Page 122: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

Design is never neutral.

Page 123: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

Hypothesis: DESIGN is the principal difference between love and

hate!

Page 124: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

THE BASE CASE: I am a design fanatic. Though not “artistic,” I love “cool stuff.” But it goes much

further, far beyond the personal. Design has become a professional obsession. I SIMPLY BELIEVE THAT DESIGN PER SE IS THE PRINCIPAL

REASON FOR EMOTIONAL ATTACHMENT [or detachment] RELATIVE TO A PRODUCT OR

SERVICE OR EXPERIENCE. Design, as I see it, is

arguably the #1 DETERMINANT of whether a product-service-experience stands out … or doesn’t.

Furthermore, it’s “one of those things” that damn few companies put – consistently – on the

front burner.

Page 125: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

Message (?????): Men cannot design for women’s

needs.

Page 126: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

“Perhaps the macho look can be interesting … if you

want to fight dinosaurs. But now to survive you need intelligence,

not power and aggression. Modern intelligence means

intuition—it’s female.”

Source: Philippe Starck, Harvard Design Magazine (Summer 1998)

Page 127: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

10. Women Roar.

Page 128: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

?????????

Home Furnishings … 94%Vacations … 92% (Adventure Travel … 70%/ $55B travel

equipment)

Houses … 91%D.I.Y. (“home projects”) … 80%

Consumer Electronics … 51% Cars … 60% (90%)

All consumer purchases … 83% Bank Account … 89%

Health Care … 80%

Page 129: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

$4.8T > Japan

9M/27.5M/$3.6T > Germany

Page 130: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

91% women: ADVERTISERS DON’T

UNDERSTAND US. (58% “ANNOYED.”)

Source: Greenfield Online for Arnold’s Women’s Insight Team (Martha Barletta, Marketing to Women)

Page 131: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

Carol Gilligan/ In a Different Voice

Men: Get away from authority, familyWomen: Connect

Men: Self-orientedWomen: Other-oriented

Men: RightsWomen: Responsibilities

Page 132: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

FemaleThink/ Popcorn

“Men and women don’t think the same way, don’t communicate the same

way, don’t buy for the same reasons.”

“He simply wants the transaction to take place. She’s interested in

creating a relationship. Every place women go, they make

connections.”

Page 133: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

Read This: Barbara & Allan Pease’s

Why Men Don’t Listen & Women Can’t Read Maps

Page 134: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

“It is obvious to a woman when another woman is upset, while a man generally has to physically witness

tears or a temper tantrum or be slapped in the face before he even has a clue that anything is going on. Like most female mammals, women are equipped with far more finely tuned

sensory skills than men.” Barbara & Allan Pease, Why Men Don’t Listen & Women Can’t Read Maps

Page 135: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

“Resting” State: 30%, 90%: “A woman knows her children’s

friends, hopes, dreams, romances, secret fears, what they are

thinking, how they are feeling. Men are vaguely aware of some short people also living in the house.”

Barbara & Allan Pease, Why Men Don’t Listen & Women Can’t Read Maps

Page 136: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

“As a hunter, a man needed vision that would allow him to zero in on targets in the distance … whereas a woman needed eyes

to allow a wide arc of vision so that she could monitor any predators sneaking up on the nest. This is why modern men can find their way effortlessly to a distant pub,

but can never find things in fridges, cupboards or drawers.”

Barbara & Allan Pease, Why Men Don’t Listen & Women Can’t Read Maps

Page 137: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

“Female hearing advantage contributes significantly to what is

called ‘women’s intuition’ and is one of the reasons why a woman can read between the lines of what people say. Men, however, shouldn’t despair.

They are excellent at imitating animal sounds.”

Barbara & Allan Pease, Why Men Don’t Listen & Women Can’t Read Maps

Page 138: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

Senses

Vision: Men, focused; Women, peripheral.

Hearing: Women’s discomfort level I/2 men’s.

Smell: Women >> Men.Touch: Most sensitive man <

Least sensitive women.

Source: Martha Barletta, Marketing to Women

Page 139: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

Emotional Design that Interprets Dreams

“Zero defects”: Only the starting point.

Love at first sight.Design for the five senses.

Develop to expand the Main Dream.Design so as to seduce through the

peripheral senses.

Source: Gian Luigi Longinotti-Buitoni

Page 140: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

Read This Book …

EVEolution: The Eight Truths of Marketing to Women

Faith Popcorn & Lys Marigold

Page 141: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

EVEolution: Truth No. 1

Connecting Your Female Consumers to Each

Other Connects Them to Your Brand

Page 142: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

“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

Page 143: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

What If …

“What if ExxonMobil or Shell dipped into their credit card database to help commuting women

interview and make a choice of car pool partners?”

“What if American Express made a concerted effort to connect up female empty-nesters

through on-line and off-line programs, geared to help women re-enter the workforce with today’s

skills?”

EVEolution

Page 144: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

“Mattel Sees Untapped Market for Blocks: Little Girls”—Headline,

WSJ/04.06.02

“Last year more than 90% of Lego sets purchased were for boys. Mattel says Ello

—with interconnecting plastic squares, balls, triangles, squiggles,

flowers and sticks, in pastel colors and with rounded corners—will go beyond

Lego’s linear play patterns.”

Page 145: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

“Women don’t buy

brands. They join them.”

EVEolution

Page 146: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

Not!“Year of the

Woman”

Page 147: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

Enterprise Reinvention!

RecruitingHiring/Rewarding/Promoting

Structure Processes

MeasurementStrategyCulture Vision

Leadership

THE BRAND ITSELF!

Page 148: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

STATEMENT OF PHILOSOPHY: I am a businessperson. An analyst. A pragmatist. The enormous social good of increased women’s

power is clear to me; but it is not my bailiwick. My “game” is haranguing business leaders

about my fact-based conviction that women’s increasing power – leadership skills

and purchasing power – is the strongest and most dynamic force at work in the American

economy today. Dare I say it as a long-time Palo Alto resident … THIS IS EVEN BIGGER THAN

THE INTERNET!

Tom Peters

Page 149: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

Ad from Furniture /Today (04.01):“MEET WITH THE EXPERTS!: How

Retailing’s Most Successful Stay that Way”

Presenting Experts: M = 16;

F = ?? (94% = 272)

Page 150: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

0

Page 151: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

“Please … just

one couch or

chair where my feet hit the ground!” —Owner,

5 furniture stores, UK

Page 152: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

: “Amazing, now that I think about it. A bunch of guys --

developers, architects, contractors, engineers, bankers--sitting around

designing shopping centers. And the ‘end users’ will be overwhelmingly women!”

Page 153: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

Stupid!

Page 154: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

Notes to the CEO

--Women are not a “niche”; so get this out of the “Specialty Markets” group.--The competition is starting to catch on. (E.g.: Nike, Nokia, Wachovia, Ford, Harley-Davidson, Jiffy Lube, Charles Schwab, Citigroup, Aetna.)

--If you “dip your toes in the water,” what makes you think you’ll get splashy results?--Bust through the walls of the corporate silos.--Once you get her, don’t let her slip away.--Women ARE the long run!

Source: Martha Barletta, Marketing to Women

Page 155: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

11. “It” all adds up

to … THE BRAND.

Page 156: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

Logic: 108X5 vs. 8X1/ “Cost Center” to W.W.P.F. “PSF”/

PSF Unbound/ “Satisfaction” to “Solutions” & “Success”/

“Sameness” to Experiences + Dreams + Design + Women’s

Market/ = Brand

Page 157: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

The Heart of Branding …

Page 158: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

“WHO ARE WE?”

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“Most companies tend to equate branding with the company’s marketing. Design a new marketing

campaign and, voilà, you’re on course. They are wrong. The task is much bigger. It is about fulfilling our potential … not about a new logo, no matter how

clever. WHAT IS MY MISSION IN LIFE? WHAT DO I WANT TO CONVEY TO PEOPLE? HOW DO

I MAKE SURE THAT WHAT I HAVE TO OFFER THE WORLD IS ACTUALLY UNIQUE? The brand has to give of itself, the company has to give of itself, the management has to give of itself. To

put it bluntly, it is a matter of whether – or not – you want to be … UNIQUE … NOW.”

Jesper Kunde, Unique Now … or Never

Page 160: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

“WHAT’S OUR

STORY?”

Page 161: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

“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 thrive on the basis of their stories and myths. Companies will need to understand

that their products are less important than their stories.”

Rolf Jensen, Copenhagen Institute for Future Studies

Page 162: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

“Apple opposes, IBM solves, Nike exhorts,

Virgin enlightens, Sony dreams, Benetton

protests. … Brands are not nouns but verbs.”

Source: Jean-Marie Dru, Disruption

Page 163: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

“EXACTLY HOW ARE WE

DRAMATICALLY DIFFERENT?”

Page 164: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

1st Law Mktg Physics: OVERT BENEFIT (Focus: 1 or 2 > 3 or 4/“One Great Thing.” Source #1: Personal Passion)

2ND Law: REAL REASON TO BELIEVE (Stand & Deliver!)

3RD Law: DRAMATIC DIFFERENCE

Source: Jump Start Your Business Brain, Doug Hall

Page 165: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

“They [consumer goods company] have acquired a bunch of

products, which is what everyone is doing. But what’s

the point, the message, the

story line, the … Big Idea … that makes ‘it’ all hang

together?” —Exec, major consumer goods company

Page 166: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

“WHY DOES IT MATTER TO

THE CLIENT?”

Page 167: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

“EXACTLY HOW DO I PASSIONATELY CONVEY THAT

DRAMATIC DIFFERENCE TO THE

CLIENT ?”

Page 168: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

VI. NEW BUSINESS. NEW

YOU.

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12. Re-inventing the Individual: Brand

You/ You Inc./ Free Agent Nation (Or Else.)

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“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 171: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

13. Toward Work that Matters: The

WOW Project.

Page 172: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

“Let’s make a dent in the universe.”

Steve Jobs

Page 173: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

The greatest dangerfor most of us

is not that our aim istoo high

and we miss it,but that it is

too lowand we reach it.

Michelangelo

Page 174: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

Characteristics of the “Also rans”*

“Minimize risk”“Respect the chain of

command”“Support the boss”

“Make budget”*Fortune, article on “Most Admired Global Corporations”

Page 175: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

14. Boss Job One:

The Talent Obsession.

Page 176: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

“The leaders of Great Groups love talent and know where to find it. They revel in

the talent of others.”Warren Bennis & Patricia Ward Biederman,

Organizing Genius

Page 177: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

Model 25/8/53

Sports Franchise GM

Page 178: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

From “1, 2 or you’re out” [JW] to …

“Best Talent in each industry segment to build

best proprietary intangibles” [EM]

Source: Ed Michaels, War for Talent

Page 179: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

“We believe companies can increase their market cap 50 percent in 3 years. Steve

Macadam at Georgia-Pacific changed 20 of his 40 box plant managers to put

more talented, higher paid managers in charge. He increased profitability from $25 million to $80 million

in 2 years.”

Ed Michaels, War for Talent

Page 180: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

Message: Some people are better than other

people. Some people are a helluva lot better than other

people.

Page 181: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

“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 182: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

The Cracked Ones Let in the Light

“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 183: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

“Why focus on these late teens and twenty-

somethings? Because they are the first young who are both in a position to change the world, and are actually doing so. … For the first time in history,

children are more comfortable, knowledgeable and literate than their parents about an

innovation central to society. … The Internet has triggered the first industrial revolution in history

to be led by the young.”

The Economist [12/2000]

Page 184: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

“AS LEADERS, WOMEN RULE: New Studies find that female managers

outshine their male counterparts in almost

every measure”Title, Special Report, Business Week, 11.20.00

Page 185: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

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.

Source: Judy B. Rosener, America’s Competitive Secret

Page 186: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

Opportunity!

U.S. G.B. E.U. Ja.

M.Mgt. 41% 29% 18% 6%

T.Mgt. 4% 3% 2% <1%

Peak Partic. Age 45 22 27 19

% Coll. Stud. 52% 50% 48% 26%

Source: Judy Rosener, America’s Competitive Secret

Page 187: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

MantraM3

Talent = Brand

Page 188: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

What’s your company’s …

EVP?Employee Value Proposition, per Ed

Michaels et al., The War for Talent

Page 189: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

EVP = Challenge, professional growth, respect, satisfaction, opportunity, reward

Source: Ed Michaels et al., The War for Talent

Page 190: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

The Top 5 “Revelations”

Better talent wins.

Talent management is my job as leader.

Talented leaders are looking for the moon and stars.

Over-deliver on people’s dreams – they are volunteers.

Pump talent in at all levels, from all conceivable sources, all the time.

Source: Ed Michaels et al., The War for Talent

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IX. NEW BUSINESS. NEW LEADERSHIP.

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15. The Passion

Imperative: The

Leadership50

Page 193: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

The Basic Premise.

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1. Leadership Is a …

Mutual Discovery Process.

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Leaders-Teachers Do Not “Transform People”!

Instead leaders-mentors-teachers (1) provide a context which is marked by (2) access to a luxuriant portfolio of meaningful opportunities (projects) which

(3) allow people to fully (and safely, mostly—caveat: “they”

don’t engage unless they’re “mad about something”) express their innate curiosity and (4) engage in a vigorous

discovery voyage (alone and in small teams, assisted by an

extensive self-constructed network) by which those people (5) go to-create places they (and their mentors-teachers-

leaders) had never dreamed existed—and then the leaders-mentors-teachers (6) applaud like hell, stage

“photo-ops,” and ring the church bells 100 times to commemorate the bravery of their

“followers’ ” explorations!

Page 196: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

“Ninety percent of what we call ‘management’ consists of making it difficult for people to

get things done.” – P.D.

Page 197: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

“I don’t know.”

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The Leadership

Types.

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2. Great Leaders on Snorting

Steeds Are Important – but

Great Talent Developers (Type I

Leadership) are the Bedrock of Organizations that Perform Over

the Long Haul.

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25/8/53

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3. But Then Again, There Are Times When This “Cult of Personality”

(Type II Leadership) Stuff Actually Works!

Page 202: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

“A leader is a dealer in hope.”

Napoleon

(+TP’s writing room pics)

Page 203: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

4. Find the “Businesspeople”!

(Type III Leadership)

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I.P.M. (Inspired Profit

Mechanic)

Page 205: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

5. All Organizations

Need the Golden Leadership

Triangle.

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The Golden Leadership Triangle: (1) Creator-

Visionary … (2) Talent Fanatic-Mentor-V.C. …

(3) Inspired Profit Mechanic.

Page 207: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

6. Leadership Mantra

#1: IT ALL DEPENDS!

Page 208: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

Renaissance Men are … a snare, a

myth, a delusion!

Page 209: Tom Peters Seminar2002 We Are in a Brawl with No Rules Mumbai/31October2002.

7. The Leader Is Rarely/Never the Best Performer.

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The Leadership

Dance.

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8. Leaders …

SHOW UP!

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9. Leaders … LOVE the

MESS!

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“If things seem under control, you’re just not

going fast enough.”

Mario Andretti

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10. Leaders

DO!

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The Kotler Doctrine:

1965-1980: R.A.F.(Ready.Aim.Fire.)

1980-1995: R.F.A.(Ready.Fire!Aim.)

1995-????: F.F.F.(Fire!Fire!Fire!)

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“Strategy meetings held once

or twice a year” to “Strategy meetings needed several

times a week”

Source: New York Times on Meg Whitman/eBay

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11. Leaders

Re-do.

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“If Microsoft is good at anything, it’s avoiding the trap of worrying about criticism. Microsoft fails constantly.

They’re eviscerated in public for lousy

products. Yet they persist, through version after version, until they get

something good enough. Then they leverage the power they’ve gained in

other markets to enforce their standard.”Seth Godin, Zooming

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12. BUT … Leaders

Know When to Wait.

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Tex Schramm: The

“too hard” box!

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13. Leaders Are …

Optimists.

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Hackneyed but none the less

true: LEADERS SEE CUPS AS “HALF

FULL.”

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14. BUT … Leaders Are

Realists/Leaders Win Through LOGISTICS!

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15. Leaders …

DELIVER!

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“It is no use saying ‘We are doing our best.’ You have got to succeed in doing

what is necessary.” —WSC

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“When assessing candidates, the first thing I looked for was energy and

enthusiasm for execution. Does she talk about the thrill of getting things

done, the obstacles overcome, the role her people played—or does she keep

wandering back to strategy or philosophy?” —Larry Bossidy,

Honeywell/AlliedSignal, in Execution

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16. Leaders

FOCUS!

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“To Don’t ” List

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17. Leaders …

Set CLEAR DESIGN SPECS.

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Danger: S.I.O. (Strategic

Initiative Overload)

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JackWorld/1@T: (1) Neutron Jack. (Banish bureaucracy.) (2) “1, 2 or out” Jack. (Lead or leave.) (3)

“Workout” Jack. (Empowerment,

GE style.) (4) 6-Sigma Jack. (5)

Internet Jack. (Throughout)

TALENT JACK!

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18. Leaders …

Send V-E-R-Y Clear Signals About

Design Specs!

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Ridin’ with Roger: “What have you done to

DRAMATICALLY IMPROVE quality in the

last 90 days?”

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It’s Relationships,

Stupid.

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19. Leaders Trust in

TRUST!

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Credibility!

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If It Ain’t Broke … Break It.

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20. Leaders …FORGET!/

Leaders … DESTROY!

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Cortez!

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21. BUT … Leaders

Have to Deliver, So They Worry About “Throwing the Baby Out with the

Bathwater.”

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“Damned If You Do, Damned If You Don’t, Just Plain

Damned.”Subtitle in the chapter, “Own Up to the Great Paradox: Success

Is the Product of Deep Grooves/ Deep Grooves Destroy Adaptivity,” Liberation Management (1992)

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22. Leaders …

HONOR THE USURPERS.

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Saviors-in-Waiting

Disgruntled CustomersUpstart CompetitorsRogue EmployeesFringe Suppliers

Wayne Burkan, Wide Angle Vision

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23. Leaders Make [Lotsa] Mistakes

– and MAKE NO BONES ABOUT IT!

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“Fail faster. Succeed sooner.”

David Kelley/IDEO

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24. Leaders Make …

BIG MISTAKES!

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“Reward excellent

failures. Punish mediocre

successes.”Phil Daniels, Sydney exec

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Create.

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25. Leaders Know that

THERE’S MORE TO LIFE THAN “LINE EXTENSIONS.” Leaders Love to CREATE NEW

MARKETS.

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No one ever made it into the Business Hall of Fame on a record of

“line extensions.”

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“Acquisitions are about buying market share.

Our challenge is to create markets. There is a big difference.”

Peter Job, CEO, Reuters

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26. Leaders … Make Their Mark /

Leaders … Do Stuff That Matters

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“I never, ever thought of myself

as a businessman. I was interested in creating

things I would be proud of.” —Richard Branson

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27. Leaders Push Their

Organizations W-a-y Up the Value-added/

Intellectual Capital Chain

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09.11.2000: HP bids

$18,000,000,000for

PricewaterhouseCoopersConsulting business!

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28. Leaders

LOVE the New Technology!

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100 square feet

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29. Needed? Type IV Leadership: Technology

Dreamer-True Believer

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The Golden Leadership Quadrangle: (1) Creator-Visionary … (2) Talent

Fanatic-Mentor-V.C. … (3) Inspired Profit Mechanic. (4) Technology Dreamer-True

Believer

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Talent.

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30. When It Comes to

TALENT … Leaders Always Swing

for the Fences!

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Message: Some people are better than other

people. Some people are a helluva lot better than other

people.

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31. Leaders “Manage” Their

EVP/Internal Brand Promise.

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MantraM3

Talent = Brand

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32. Leaders LOVE RAINBOWS – for Pragmatic Reasons.

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“Diversity defines the health and wealth of nations in a new century.

Mighty is the mongrel. … The hybrid is hip. The impure, the mélange, the adulterated, the

blemished, the rough, the black-and-blue, the mix-and-match – these people are inheriting

the earth. Mixing is the new norm. Mixing trumps isolation. It spawns creativity,

nourishes the human spirit, spurs economic growth

and empowers nations.”

G. Pascal Zachary, The Global Me: New Cosmopolitans and the Competitive Edge

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Passion.

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33. Leaders …

Out Their

PASSION!

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G.H.: “Create a ‘cause,’ not a ‘business.’ ”

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34. Leaders Know: ENTHUSIASM

BEGETS ENTHUSIASM!

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BZ: “I am a … Dispenser of Enthusiasm!”

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35. Leaders Focus on the

SOFT STUFF!

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“Soft” Is “Hard”

- ISOE

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The “Job” of Leading.

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36. Leaders Know It’s

ALL SALES ALL THE TIME.

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TP: If you don’t LOVE SALES … find

another life. (Don’t pretend

you’re a “leader.”) (See TP’s The Project50.)

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37. Leaders

LOVE “POLITICS.”

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TP: If you don’t LOVE POLITICS … find

another life. (Don’t pretend

you’re a “leader.”)

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38. But … Leaders Also

Break a Lot of China

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39. Leaders

Give … RESPECT!

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“It was much later that I realized Dad’s secret. He gained respect by giving it. He

talked and listened to the fourth-grade kids in Spring Valley who shined shoes the same way he talked and listened to a

bishop or a college president. He was seriously interested in who you were and what you had to say.”

Sara Lawrence-Lightfoot, Respect

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40. Leaders Say

“Thank You.”

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“The two most powerful things

in existence: a kind word and a thoughtful gesture.”

Ken Langone, CEO, Invemed Associates [from Ronna Lichtenberg, It’s Not Business, It’s Personal]

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41. Leaders Are …

Curious.

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TP/08.2001: The Three Most Important Letters …

WHY?

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42. Leadership Is a …

Performance.

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“It is necessary for the President to be the

nation’s No. 1 actor.”

FDR

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43. Leaders … Are The Brand

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The BRAND lives (OR DIES) in the “minutiae” of the leader’s moment-

to-moment actions.

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44. Leaders …

Have a GREAT STORY!

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Leaders don’t just make products and make decisions.

Leaders make meaning. – John Seeley Brown

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Introspection.

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45. Leaders …

Enjoy Leading.

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“Warren, I know you want to ‘be’

president. But do you want to ‘do’

president?”

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46. Leaders …

KNOW THEMSELVES.

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Individuals (would-be leaders) cannot engage in a

liberating mutual discovery process unless they are comfortable with their own skin. (“Leaders” who are not comfortable with themselves become petty

control freaks.)

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47. But … Leaders

have MENTORS.

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The Gospel According to TP: Upon having the Leadership

Mantle placed upon thine head, thou shalt never hear the unvarnished

truth again!* (*Therefore, thy needs one faithful

compatriot to lay it on with no jelly.)

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48. Leaders … Take Breaks.

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Zombie!Zombie!Zombie!Zombie!

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The End Game.

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49. Leaders ???

:

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“LEADERS NEED TO BE THE ROCK OF

GIBRALTAR ON ROLLER BLADES”

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50. Leaders Know

WHEN TO LEAVE!

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XI. NEW BUSINESS. NEW

RULES.

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15+/Bonus: Tom’s

60TIBs**TIB = This I Believe

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1. TECHNICOLOR RULES! (Passion Moves Mountains!)2. Audacity Matters!3. Revolution Now!4. Question Authority! (& Hire Disrespectful People.) 5. Disorganization Wins! (LOVE THE MESS!)

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6. Think 3M: Markets Matter Most. ONLY EXTREME COMPETITION STAVES OFF STALENESS. (You can take the boy out of Silicon Valley, but you can’t take Silicon Valley out of the boy!)7. Three Hearty Cheers for Weirdos. (Bill Gates, Steve Jobs, Larry Ellison, Scott McNealy, Craig Venter et al.) 8. Message 2003: Technology Change (Info-sciences, Biosciences) Is in Its Infancy! (WE AIN’T SEEN NOTHIN’ YET!)9. Everything Is Up For Grabs! Volatility Is Thy Name! (Forever & Ever. Amen.) RE-INVENT … OR DIE! 10. Big Sucks. (Mostly.) (VERY Mostly.)

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11. “Permanence” Is a Snare & a Delusion. (Forget “Built to Last.” It’s Yesterday’s Idea.)12. Kaizen” (Continuous Improvement) Is … Dangerous.13. DESTRUCTION RULES!14. Forget It! (“Learning” = Easy. “Forgetting” = Nigh on Impossible.) 15. Innovation Is Easy: Hang Out with Freaks. (Employees, Board Members, Customers, Suppliers, Alliance Partners, Consultants.)

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16. Boring Begets Boring. (Cool Begets Cool.)17. Think “Portfolio.” (We’re All V.C.s.)18. Perception Is All There Is. (“Insiders” … ALWAYS … overestimate the Radicalism of What They’re Up To.)19. Action … ALWAYS … Takes Precedence. Think: R.F!A./Ready. Fire! Aim. (REWARD SUCCESS. REWARD FAILURE. PUNISH … INACTION.) 20. He Who Makes & Tests the Quickest & Coolest Prototypes Reigns!

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21. Haste Makes Waste. (SO GO WASTE!)22. Screwups are … the … Mark of Excellence. (“Do It Right the First Time” Is a Very Stupid Idea.) 23. Play Hard! Play Now! (Cherish Play!)24. TALENT TIME! (He/She Who Has the Best “Roster” Rules!)25. Re-do Education. Totally. (FOSTER CREATIVITY … NOT UNIFORMITY.) (THE NOISIEST CLASSROOM WINS.)

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26. Diversity’s Hour Is Now!27. SHE … Is the Best Leader!28. MARKETING MANTRA: Embrace the “BIG THREE” Demographics. (1) SHE … is the Customer. (For everything.) (2) Rapidly Aging Boomers Have … ALL THE MONEY. (3) Green … Matters. (TRILLIONS OF $$$$$ Are at Stake.) (NOBODY … Gets It.) (Mere “Programs” Will Not Suffice.)29. Re-boot Healthcare. (UNDERSTATEMENT.)30. WHAT ARE WE SELLING? “Experiences” & “Solutions” > “Quality” & “Satisfaction.” (The Traditional Value-added Equation Is Being Set on Its Ear.)

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31. DESIGN = New Seat of the Soul. 32. Branding Is for … EVERYONE. He Who Has the … BEST STORY … Takes Home the Marbles.33. DRAMATIC DIFFERENCE = Only Difference.34. WORDS/Language Matters … a Lot. (E.g.: Three Hearty Cheers for “Wow”!)35. WHAT MATTERS IS STUFF THAT MATTERS. (Query #1: “Are You Proud of It?”)

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36. eALL. (IS/IT: Half-way = No Way.)37. DREAM … Big! DREAM … Enormous. DREAM … Gargantuan. (These Are XXXL Times.)38. THINK MIKE! (Michelangelo: “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.”)39. There Is Only … ONE BIG ISSUE. Cross- functional Communication.40. Stop Doing Dumb Shit. (SYSTEMATIZE THE PROCESS OF “UN-DUMBING.”)

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41. Beautiful Systems Are … BEAUTIFUL.42. The … WHITE-COLLAR REVOLUTION … Will Devour Everything in Its Path. 43. Take Charge of Your Destiny! BrandYou Moment! DISTINCT … OR EXTINCT!44. “Powerlessness” Is a State of Mind! Think: King. Gandhi. DeGaulle.45. Pursue Adventure … in Every Task.

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46. EXCELLENCE … Is a State of Mind. (Excellence Takes a Minute.) (No Bull.)47. SHOW UP! (If You Care, You’re There.)48. YOUR CALENDAR KNOWS ALL. (You = Calendar.) (Mind Your “TO DON’T” List.)49. LIFE IS SALES. (The Rest Is Details.)50. Boss Mantra #1: “I DON’T KNOW.” (“I Don’t Know” = Permission to Explore.)

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51. Management Role 1: GET OUT OF THE WAY. (Clear the Way.) (“Manager” = Hurdle Removal Professional.)52. Epitaph from Hell: “He Woulda Done Some Truly Cool Stuff … But His Boss Wouldn’t Let Him.”53. Change Takes However Long You Think It Takes. (Eschew … “Incrementalism.”)54. Respect! (Rule 1: Don’t Belittle!)55. “Thank You” Trumps All!

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56. Integrity Matters! Integrity = Credibility. (Dennis K. Is a Jerk.)57. SOFT IS HARD. HARD IS SOFT. (Numbers Are Soft. People Are Not.)58. Try Sunny! (Sunny Begets Sunny. Gloomy Begets Gloomy.)59. DISPENSE ENTHUSIASM!60. FUN …Is Not a 4-Letter Word. So, too … JOY. (And … GRACE.)

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Have you changed

civilization today?Source: HP banner ad

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Thank You!


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