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Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

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Page 1: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

Tom Peters’

Re-Imagine!Business Excellence in a Disruptive AgeGlobal Salon Business Awards/

London/01June2004

Page 2: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

Slides at …

tompeters.com

Page 3: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

Montgomery Ward … Kmart … Sears … Macy’s … DEC … Wang

… Compaq … Chase Manhattan … American Motors … Chrysler …

U.S. Steel … Bethlehem Steel … AT&T … Soviet Union …

Page 4: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

Wal*Mart … Dell … Microsoft … U.S.A. …

Page 5: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

1. All Bets Are Off.

Page 6: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

“14 MILLION service jobs are in

danger of being shipped overseas” —

The Dobbs Report/USN&WR/11.03/re new UCB

study

Page 7: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

E.g. …

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

3 years.

Source: BW (01.28.02)

Page 8: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

“WHAT ARE PEOPLE GOING TO DO WITH

THEMSELVES?” —Headline/

Fortune/ 11.03 (“We should finally admit that we do not and cannot know, and regard that fact with serenity

rather than anxiety.”)

Page 9: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

Jobs LostFormulaic intelligence (health record clerks, 63%/36K;

secretaries & typists, 30%/1.3M; bookkeepers, 13%/247K)

Manual dexterity (sewing machine ops, 50%/347K; lathe ops, 49%/30K; butchers, 23%/67K)

Muscle power (timber cutters, 32%/25K; farm workers, 20%/182K)

Source: “Where the Jobs Are”/NYT/05.13.2004/data 1994-2004

Page 10: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

Jobs GainedPeople skills & emotional intelligence (financial service sales, 78%/248K; RNs, 28%/512K; lawyers, 24%/182K)

Imagination & creativity (architects, 44%/60K; designers, 43%/230K; photographers, 38%/50K; hair

stylists and cosmetologists, 19%/146K)

Analytic reasoning (legal assts, 66%/159K; electronic engineers, 28%/147K)

Source: “Where the Jobs Are”/NYT/05.13.2004/data 1994-2004

Page 11: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

“We are in a

brawl with no rules.”

Paul Allaire

Page 12: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

Successful Businesses’ Dozen Truths: TP’s 30-Year Perspective

1. Insanely Great & Quirky Talent.2. Disrespect for Tradition.3. Totally Passionate (to the Point of Irrationality) Belief in What We Are Here to Do.4. Utter Disbelief at the BS that Marks “Normal Industry Behavior.”5. A Maniacal Bias for Execution … and Utter Contempt for Those Who Don’t “Get It.”6. Speed Demons.7. Up or Out. (Meritocracy Is Thy Name. Sycophancy Is Thy Scourge.)8. Passionate Hatred of Bureaucracy.9. Willingness to Lead the Customer … and Take the Heat Associated Therewith. (Mantra: Satan Invented Focus Groups to Derail True Believers.)10. “Reward Excellent Failures. Punish Mediocre Successes.” 11. Courage to Stand Alone on One’s Record of Accomplishment Against All the Forces of Conventional Wisdom.12. A Crystal Clear Understanding of Brand Power.

Page 13: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

2. The Destruction Imperative.

Page 14: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

“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 15: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

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 16: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

No Wiggle Room!

“Incrementalism is innovation’s worst enemy.”

Nicholas Negroponte

Page 17: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

“Beware of the tyranny of making Small Changes

to Small Things. Rather, make Big Changes to Big Things.” —Roger Enrico, former Chairman,

PepsiCo

Page 18: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

3. IS/ IT/ Web:“On the Bus” or “Off the Bus.”

Page 19: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

Case: CRM

Page 20: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

Amen!

“The Age of the

Never Satisfied Customer”

Regis McKenna

Page 21: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

“A seismic shift is underway in healthcare. The Internet is

delivering vast knowledge and new choices to consumers—raising their

expectations and, in many cases, handing them the controls.

[Healthcare] consumers are driving radical, fundamental change.”

Deloitte Research, “Winning the Loyalty of the eHealth Consumer”

Page 22: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

DIM/Self-service Rules!

ATMsCheckoutPhones

SpeedpassThe Web (eBay, Amazon,

Travelocity, Mapquest, banking et al.)HR, Project management, etc.

Minus 1.3M secretaries

Page 23: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

e-piphany

epicurious.com

Page 24: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

4. The Heart of the Value

Added Revolution: The “Solutions

Imperative.”

Page 25: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

“While everything may

be better, it is also increasingly the same.”

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

Page 26: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

“When we did it ‘right’ it was still pretty ordinary.”

Barry Gibbons on “Nightmare No. 1”

Page 27: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

Fight ’til Death!

“I thought, ‘What a dreadful mission I have in life.’ I’d love to get six-thousand restaurants up to

spec, but when I do it’s ‘Ho-hum.’ It’s bugged me ever since. It’s one of the great paradoxes of

modern business. We all know distinction is key, and yet in the last twenty years we have created a plethora of ho-hum products and services. Just

go fly in an airplane. It could be such an enlightening experience. Ho-hum. We swim in an

ocean of ho-hum, and I’m going to fight it. I’m going to die fighting it.”

— Barry Gibbons

Page 28: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

Funky Business: “To succeed we must stop being so damn normal.

In a winner-takes-all world,

normal = nothing.”

Page 29: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

“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 30: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

“Companies have defined so much ‘best practice’

that they are now more or less identical.”

Jesper Kunde, Unique Now ... or Never

Page 31: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

“This is an essay about what it takes to create and sell something

remarkable. It is a plea for originality, passion, guts and daring. You can’t be remarkable by following someone else who’s remarkable. One way to figure out a theory is to look at what’s working in the real world and determine what the successes have in common. But what could the Four Seasons and Motel 6 possibly have in common? Or

Neiman-Marcus and Wal*Mart? Or Nokia (bringing out new hardware every 30 days or so) and Nintendo (marketing the same Game Boy 14 years in a

row)? It’s like trying to drive looking in the rearview mirror. The thing that all these companies have in common is that they

have nothing in common. They are outliers. They’re on the fringes. Superfast or superslow. Very exclusive or very cheap. Extremely big

or extremely small. The reason its so hard to follow the leader is this: The leader is the leader precisely because he did something remarkable. And

that remarkable thing is now taken—so it’s no longer remarkable when you

decide to do it.” —Seth Godin, Fast Company/02.2003

Page 32: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

“We make over three new product announcements a

day. Can you remember

them? Our customers can’t!”Carly Fiorina

Page 33: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

09.11.2000: HP bids

$18,000,000,000for

PricewaterhouseCoopersconsulting business!

Page 34: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

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

price of entry.”Ann Livermore, Hewlett-Packard

Page 35: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

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 36: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

“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 37: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

Keep In Mind: Customer

Satisfaction versus

Customer

Success

Page 38: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

Nardelli’s goal ($50B to $100B by 2005):

“… move Home Depot beyond selling ‘goods’ to selling ‘home services.’ …

He wants to capture home improvement dollars wherever and

however they are spent.” E.g.: “house calls” (At-Home Service: $10B by ’05?) … “pros shops” (Pro Set) … “home project management”

(Project Management System … “a deeper selling relationship”).

Source: USA Today/06.14.2002

Page 39: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

“UPS wants to take over the sweet spot in the endless loop

of goods, information and capital that all the packages

[it moves] represent.”ecompany.com/06.01 (E.g., UPS Logistics

manages the logistics of 4.5M Ford vehicles, from 21 mfg. sites to 6,000 NA dealers)

Page 40: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

“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 41: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

And the Winners Are …

Televisions –12%Cable TV service +5%

Toys -10%Child care +5%

Photo equipment -7%Photographer’s fees +3%

Sports Equipment -2%Admission to sporting event +3%

New car -2%Car repair +3%

Dishes & flatware -1%Eating out +2%

Gardening supplies -0.1%Gardening services +2%

Source: WSJ/05.16.03

Page 42: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

FEES! FEES! FEES!

—Cover Story, BW/09.29.03

Page 43: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

5. A World of Scintillating

“Experiences.”

Page 44: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

“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 45: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

“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 46: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

“The [Starbucks] Fix” Is on …

“We have identified a ‘third place.’ And I really believe that sets us apart. The third place is

that place that’s not work or home. It’s the place our

customers come for refuge.”Nancy Orsolini, District Manager

Page 47: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

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 48: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

WHAT CAN BROWN DO FOR YOU?

Page 49: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

The “Experience Ladder”

Experiences Services

Goods Raw Materials

Page 50: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

Duet … Whirlpool … “washing machine” to “fabric care system” … white goods: “a sea of

undifferentiated boxes” … $400 to $1,300 … “the Ferrari of washing machines” …

consumer: “They are our little mechanical buddies. They have personality. When they are

running efficiently, our lives are running efficiently. They are part of my family.” …

“machine as aesthetic showpiece” … “laundry room” to “family studio” / “designer laundry

room” (complements Sub-Zero refrigerator and home-theater center)

Source: New York Times Magazine/01.11.2004

Page 51: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

1997-2001

>$600: 10% to 18%$400-$600: 49% to 32%

<$400: 41% to 50%

Source: Trading Up, Michael Silverstein & Neil Fiske

Page 52: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

“Clients want either the best or

the least expensive; there

is no in between.” —John Dijulius, Secret

Service

Page 53: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

From “Service’ to “Cause”

7X. 730A-800P. F12A.*

*Plus: WOW Department’” “Kill a Stupid Rule” contests, etc. 2001R: 34%; P: 29%; ’90-’00: 2,048%. Commerce

Bank/NJ ($10B). Source: FC05.02.

Page 54: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

“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 55: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

Hmmmm(?): “Only” Words …

StoryAdventure

Smile Focus

PlotPassion

Page 56: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

First Step (?!): Hire a theater director, as

a consultant or FTE!

Page 57: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

Experience …

Cirque du Soleil

Page 58: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

DO YOU MEASURE UP?*

*If not, why not?

Page 59: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

Words

— Magician of Magical Moments— Maestro of Moments of Truth— Recruiter of Raving Fans— Impresario of First Impressions— Wizard of WOW— Captain of Brilliant Comebacks— Director of Electronic Customer Experiences— Conductor of Customer Intimacy— King of Customer Community— Queen of Customer Retention— CEO of Ownership Experience— Managing Director of After-sales Experience

Page 60: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

6. Experiences+: Embracing the

“Dream Business.”

Page 61: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

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 62: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

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 63: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

(Revised) Experience Ladder

Dreams Come True Awesome Experiences

SolutionsServicesGoods

Raw Materials

Page 64: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

Furniture vs. Dreams

“We do not sell ‘furniture’ at Domain. We sell dreams. This is

accomplished by addressing the half-formed needs in our customers’ heads. By uncovering these needs, we, in essence, fill

in the blanks. We convert ‘needs’ into ‘dreams.’ Sales are the inevitable result.”

— Judy George, Domain Home Fashions

Page 65: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

HORCHOW.COMFurniture. Accessories. Dreams.

Page 66: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

“The Ritz-Carlton experience enlivens the

senses, instills well-being, and fulfills even

the unexpressed wishes and needs of our

guests.” — from the Ritz-Carlton Credo

Page 67: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

7. “It” all adds up

to … THE BRAND.

Page 68: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

The Heart of Branding …

Page 69: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

“WHO ARE WE?”

Page 70: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

“WHAT’S OUR

STORY?”

Page 71: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

“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 72: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

DO THE HOUSEKEEPERS & CLERKS “BUY

IT”? [ARE YOU V-E-R-Y SURE?]

Page 73: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

“EXACTLY HOW ARE WE

DRAMATICALLY DIFFERENT?”

Page 74: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

“A great company is defined by the

fact that it is not compared

to its peers.”Phil Purcell, Morgan Stanley

Page 75: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

“You do not merely want to be the best of the best. You

want to be considered the only ones who do

what you do.”

Jerry Garcia

Page 76: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

Brand = You Must Care!

“Success means never letting the competition

define you. Instead you have to define yourself based on a point of view you care deeply

about.” Tom Chappell, Tom’s of Maine

Page 77: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

Rules of “Radical Marketing”

Love + Respect Your Customers!Hire only Passionate Missionaries!Create a Community of Customers!

Celebrate Craziness!Be insanely True to the Brand!

Sam Hill & Glenn Rifkin, Radical Marketing (e.g., Harley, Virgin, The Dead, HBS, NBA)

Page 78: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

“Trustmarks come after brands;

Lovemarks come after Trustmarks. Think about how you make the most money. You make it when loyal users, heavy users, use your product all the time. So having a

long-term Love affair is better than having a trusting relationship —Kevin Roberts, Saatchi & Saatchi, The Future Beyond Brands:

Lovemarks

Page 79: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

8. Trends Worth Trillion$$$: Boomer

Bonanza/ Godzilla Geezer.

Page 80: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

Subject: Marketers & Stupidity

“It’s 18-44, stupid!”

Page 81: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

Subject: Marketers & Stupidity

Or is it: “18-44 is stupid,

stupid!”

Page 82: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

2000-2010 Stats

18-44: -1%

55+: +21%(55-64: +47%)

Page 83: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

44-65: “New Consumer Majority” *

*45% larger than 18-43; 60% larger by 2010Source: Ageless Marketing, David Wolfe & Robert Snyder

Page 84: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

“The New Consumer Majority is the only adult

market with realistic prospects for significant

sales growth in dozens of product lines for thousands of companies.” —David Wolfe & Robert

Snyder, Ageless Marketing

Page 85: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

Aging/“Elderly”

$$$$$$$$$$$$“I’m in charge!”

Page 86: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

“Sixty Is the New Thirty”

—Cover/AARP/11.03

Page 87: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

50+

$7T wealth (70%)/$2T annual income50% all discretionary spending

79% own homes/40M credit card users41% new cars/48% luxury cars

$610B healthcare spending/74% prescription drugs

5% of advertising targets

Ken Dychtwald, Age Power: How the 21st Century Will Be Ruled by the New Old

Page 88: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

“Households headed by someone 40 or older enjoy 91% ($9.7T) of

our population’s net worth. … The mature market is the dominant

market in the U.S. economy, making the majority of

expenditures in virtually every category.” —Carol Morgan & Doran Levy, Marketing to

the Mindset of Boomers and Their Elders

Page 89: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

“Marketers attempts at reaching those over 50 have

been miserably unsuccessful. No market’s motivations and needs are so poorly understood.”—Peter

Francese, founding publisher, American Demographics

Page 90: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

“Women 65 and older spent $14.7 billion on apparel in 1999, almost as much as that

spent by 25- to 34-year-olds. While spending by the older women increased by

12% from the previous year, that of the younger group increased by only 0.1%. But who in the fashion industry is

currently pursuing this market?” —Carol Morgan & Doran Levy, Marketing to the Mindset of Boomers and

Their Elders

Page 91: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

Possession Experiences /“Desires for things”/Young adulthood/to 38

Catered Experiences/ “Desires to be served by others”/Middle adulthood

Being Experiences/“Desires for trancendaing experiences”/Late

adulthood

Source: David Wolfe and Robert Snyder/Ageless Marketing

Page 92: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

“ ‘Age Power’ will rule the 21st century, and we are woefully

unprepared.”Ken Dychtwald, Age Power: How the 21st

Century Will Be Ruled by the New Old

Page 93: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

Addenda

Page 94: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

“The baby-boom generation is the

first wellness generation.” —Paul Zane Pilzer/

The Wellness Revolution: The Next Trillion Dollar Industry

Page 95: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

Wellness = $$$$$$$$

Currently $200B, $1T by 2013 (Source: Paul Zane

Pilzer, The Wellness Revolution: The Next Trillion Dollar Industry)

Page 96: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

9. Toward Work that Matters: The

WOW Project.

Page 97: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

Your Current Project?

1. Another day’s work/Pays the rent.4. Of value.7. Pretty Damn Cool/Definitely subversive.10. WE AIM TO CHANGE THE WORLD. (Insane!/Insanely Great!/WOW!)

Page 98: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

“Astonish me!” / S.D.

“Build something great!” / H.Y.

“Immortal!” / D.O.

Page 99: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

“Let’s make a dent in the universe.”

Steve Jobs

Page 100: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

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 101: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

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 102: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

10. Boss Job One:

The Talent Obsession.

Page 103: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

Brand = Talent.

Page 104: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

Talent!

Tina Brown: “The first thing to do is to hire enough

talent that a critical mass of excitement starts to

grow.”Source: Business2.0/12.2002-01.2003

Page 105: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

“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 106: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

Les Wexner: From sweaters to people!

Page 107: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

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 108: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

Message: Some people are better than other

people. Some people are a helluva lot better than other

people.

Page 109: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

“Top performing companies are two to four times more likely

than the rest to pay what it takes to prevent losing

top performers.”

Ed Michaels, War for Talent (05.17.00)

Page 110: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

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

outshine their male counterparts in almost

every measure”Title, Special Report, BusinessWeek, 11.20.00

Page 111: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

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 112: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

What’s your company’s …

EVP?Employee Value Proposition, per Ed

Michaels et al., The War for Talent;

IBP/Internal Brand Promise per TP

Page 113: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

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

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

Page 114: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

Our Mission

To develop and manage talent;to apply that talent,

throughout the world, for the benefit of clients;to do so in partnership;

to do so with profit.

WPP

Page 115: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

11. Leading in Totally

Screwed Up Times: The Passion Imperative!

Page 116: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

Leadership Is a …

Mutual Discovery Process.

Page 117: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

“Ninety percent of what we call ‘management’ consists of making it

difficult for people to get things done.” – P.D.

Page 118: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

“I don’t know.”

Page 119: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

Quests!

Page 120: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

Organizing Genius / Warren Bennis and Patricia Ward Biederman

“Groups become great only when everyone in them, leaders and

members alike, is free to do his or her absolute best.”

“The best thing a leader can do for a Great Group is to allow its members to

discover their greatness.”

Page 121: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

Whoops: Jack didn’t have a vision!

Page 122: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

“A leader is a dealer in hope.”

Napoleon

(+TP’s writing room pics)

Page 123: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

“To Don’t ” List

Page 124: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

Fail. Forward. Fast. –High-tech Exec

Page 125: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

“Reward excellent

failures. Punish mediocre successes.”

Phil Daniels, Sydney exec (and, de facto, Jack)

Page 126: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

Leaders … Make Their Mark /

Leaders … Do Stuff That Matters

Page 127: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

“I never, ever thought of myself

as a businessman. I was interested in creating

things I would be proud of.” —Richard Branson

Page 128: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

“Management has a lot to do with answers. Leadership is a function of questions. And the

first question for a leader always is: ‘Who do we

intend to be?’ Not ‘What are we going to do?’ but ‘Who do

we intend to be?’” —Max DePree, Herman Miller

Page 129: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

Leaders Don’t Create “Followers”:

THEY CREATE LEADERS!

Page 130: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

“I start with the premise that the

function of leadership is to produce more leaders, not more

followers.”—Ralph Nader

Page 131: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

PJ: “Coaching is winning

players over.”

Page 132: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

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

Page 133: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

“Vision is a love affair with an idea.”—Boyd Clarke & Ron

Crossland, The Leader’s Voice

Page 134: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

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

Page 135: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

“You can’t behave in a calm, rational

manner. You’ve got to be out there on

the lunatic fringe.” —

Jack Welch

Page 136: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

“I’m looking for insane

commitment.” —Twyla

Tharp, The Creative Habit

Page 137: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

Leaders Focus on

the SOFT STUFF!

Page 138: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

“Soft” Is “Hard”

- ISOE

Page 139: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

Message: Leadership is all about love! [Passion, Enthusiasms, Appetite for Life,

Engagement, Commitment, Great Causes & Determination to Make a

Damn Difference, Shared Adventures, Bizarre Failures, Growth, Insatiable

Appetite for Change.] [Otherwise, why bother? Just read Dilbert. TP’s final words: CYNICISM SUCKS.]

Page 140: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

“Ph.D. in leadership. Short course: Make a short list of all

things done to you that you abhorred. Don’t do them to

others. Ever. Make another list of things done to you that you

loved. Do them to others. Always.”

— Dee Hock

Page 141: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

Leaders Give … RESPECT!

Page 142: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

“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

Page 143: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

Amen!

“What creates trust, in the end, is the leader’s

manifest respect for the followers.” — Jim O’Toole, Leading Change

Page 144: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

Leaders Say

“Thank You.”

Page 145: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

“The deepest human

need is the need to be appreciated.”

William James

Page 146: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

“We look for ...

“... listening, caring, smiling, saying ‘Thank

you,’ being warm.”— Colleen Barrett, President, Southwest Airlines

Page 147: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

Leadership Is a …

Performance.

Page 148: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

“It is necessary for the President to be the

nation’s No. 1 actor.”

FDR

Page 149: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

“You can’t lead a cavalry charge if you think you look funny on a

horse.” —John Peers, President, Logical

Machine Corporation

Page 150: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

Leaders … Are The Brand

Page 151: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

“You must be the change you

wish to see in the world.”

Gandhi

Page 152: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

Leaders … Have a

GREAT STORY!

Page 153: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

“A key – perhaps the key – to leadership is the effective

communication of a story.”

Howard Gardner Leading Minds: An Anatomy of Leadership

Page 154: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

Leaders don’t just make products and make decisions.

Leaders make meaning. – John Seely Brown

Page 155: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

Leaders … Enjoy Leading.

Page 156: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

“Warren, I know you want to ‘be’

president. But do you want to ‘do’

president?”

Page 157: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

Leaders ???:

Page 158: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

“Leadership is the PROCESS of

ENGAGING PEOPLE in CREATING a LEGACY

of EXCELLENCE.”

Page 159: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

“ ‘It’s only business, not personal’ … IT

ALWAYS IS PERSONAL.”

Page 160: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

“LEADERS NEED TO BE THE ROCK OF

GIBRALTAR ON ROLLER BLADES”

Page 161: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

“If you ask me what I have come to do in this

world, I who am an artist, I will reply: I am here to live my life out

loud.” — Émile Zola

Page 162: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

Have you changed

civilization today?Source: HP banner ad

Page 163: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

“Sir Richard’s Rules:

“Follow your passions.“Keep it simple.

“Get the best people to help you.Re-create yourself.

“Play.”

Source: Fortune/10.03

Page 164: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

Kevin Roberts’ Credo

1. Ready. Fire! Aim.2. If it ain’t broke ... Break it!3. Hire crazies.4. Ask dumb questions.5. Pursue failure.6. Lead, follow ... or get out of the way!7. Spread confusion.8. Ditch your office.9. Read odd stuff.10. Avoid moderation!

Page 165: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

HTSH: Engage!

Commit! Engage! Try! Fail! Get up! Try again! Fail again! Try again! But never, ever stop

moving on! Progress for humanity is engendered by those who join and savor the

fray by giving one hundred percent of themselves to their dreams! Not by those timid souls who remain glued to the sidelines, stifled by tradition, and fearful of losing face or giving

offense to the reigning authorities.

Key words: Commit! Engage! Try! Fail! Persist!

Page 166: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

HTSH: You Must Care

Make the time each day to offer an expression of appreciation to just one of your fellow human

beings. It is the accumulation of such “small” kindnesses and acts of recognition that add up to a life worth having been lived. In short … you

must care. You must wear your passion and compassion on your sleeve, and attend

assiduously to the moment. It will not come ‘round again.

Key word: Care

Page 167: Tom Peters’ Re-Imagine! Business Excellence in a Disruptive Age Global Salon Business Awards/ London/01June2004

Thank You!