tom peters’ excellence. always. national enterprise innovation conference b2b/london/27june 2006

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Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

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Page 1: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

Tom Peters’

EXCELLENCE. ALWAYS.National Enterprise Innovation Conference

B2B/London/27June 2006

Page 2: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

Slides* at …

tompeters.com

*also “long”

Page 3: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

The Irreducible209+

Page 4: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

A frustrated participant at a seminar for investment bankers in Mauritius listened impatiently to my explanation of differences of opinion among me, Mike Porter,

Gary Hamel, Jim Collins, etc. Finally, he’d had enough. “What, if anything,” he asked,

“do you believe ‘for sure’?” I mumbled something, but his query started rumbling

around in my mind. Three days later, wandering on a Sunday in London, the idea of “the irreducibles” occurred to

me—and I started jotting down notes on stuff I do indeed believe “for sure.” Before

I knew it, a few days later, the list had grown to 209 items. Hence “The Irreducible209” that follows.

Tom Peters

Page 5: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

Blah, blah, blah …

Page 6: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

EXCELLENCE.

CASE.EPSILON.

Page 7: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

This is not about …

“customer centrism”“integrated marketing”

etcetcetc

It is about …

Page 8: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

It is about …

sellin’ a whole lotta stuff and having customers go berserk with

love to the point that

they tell every damn friend they have and then start buttonholing strangers on trains and planes

and busses.

Page 9: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

EXCELLENCE. THE

MANDATE.

Page 10: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

“It is not the strongest of the

species that survives, nor the most intelligent, but the one most

responsive to change.” —Charles Darwin

Page 11: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

“We are in a brawl with

no rules.” —Paul Allaire

Page 12: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

S.A.V.

Page 13: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

Screw Around Vigorously

Page 14: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

“We made mistakes. Most of them were omissions we didn’t think of when we initially wrote the software. We fixed them by doing it

over and over, again and again. We do the same today: While our competitors are still

sucking their thumbs trying to make the design perfect, we’re already on prototype

version No. 5. By the time our rivals are ready with wires and screws, we are on

version No. 10. It gets back to planning versus acting: We

act from day one; others plan how to plan—for months.”

—Bloomberg by Bloomberg

Page 15: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

Sam’s Secret

#1!

Page 16: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

“Tom, very simple. Sam was

not afraid to fail.” —David Glass to TP, on the occasion of

Sam’s induction into The Sales & Marketing Hall of Fame

Page 17: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

EXCELLENCE. STARTERS.

Page 18: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

Radio City Music HallSeptember 2005

Page 19: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

Franchise Lost!

TP: “How many of you [600] really

crave a new Chevy?”

NYC/IIR/061205

Page 20: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

P.P.E.E.R.R.E.

Page 21: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

People.Product.

Execution.Enthusiasm.Relentless.Re-invent.Excellence.

Page 22: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

EXCELLENCE. THE WORD.

Page 23: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

Synonyms

PurityTranscendence

VirtueEleganceMajesty

Antonyms

Mediocrity

Page 24: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

EXCELLENCE.

GAMECHANGER.

Page 25: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

Excellence1982: The Bedrock “Eight Basics”

1. A Bias for Action2. Close to the Customer3. Autonomy and Entrepreneurship4. Productivity Through People5. Hands On, Value-Driven6. Stick to the Knitting7. Simple Form, Lean Staff8. Simultaneous Loose-Tight Properties”

Page 26: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

ExIn*: 1982-2002/Forbes.com

DJIA: $10,000 yields $85,000 EI: $10,000 yields $140,050

*Forbes/Excellence Index /Basket of 32 publicly traded stocks

Page 27: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

EXCELLENCE.

ALWAYS.

Page 28: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

“Why in the world did you go to Siberia?”

Page 29: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

The Peters Principles: Enthusiasm.

Emotion. Excellence. Energy. Excitement. Service. Growth.

Creativity. Imagination. Vitality. Joy. Surprise. Independence. Spirit. Community. Limitless human potential. Diversity. Profit. Innovation. Design.

Quality. Entrepreneurialism. Wow.

Page 30: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

Business* ** (*at its best): An emotional, vital, innovative, joyful,

creative, entrepreneurial endeavor that elicits

maximum concerted human potential in the

wholehearted service of others.***

**Excellence. Always.***Employees, Customers, Suppliers, Communities, Owners, Temporary partners

Page 31: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

EXCELLENCE.

YOU & ME.

Page 32: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

“Life is not a journey to the grave with the

intention of arriving safely in a pretty and well-preserved body—but

rather a skid in broadside, thoroughly used up, totally worn out, and

loudly proclaiming, ‘Wow, what

a ride!’ ” —anon.

Page 33: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

EXCELLENCE.

INNOVATE. OR. DIE.

Page 34: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

“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 35: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

“I am often asked by would-be entrepreneurs seeking escape from life within huge corporate structures, ‘How do I build a small firm for myself?’ The

answer seems obvious: Buy a very large one and just wait.”

—Paul Ormerod, Why Most Things Fail: Evolution, Extinction and Economics

Page 36: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

Scale?

“Microsoft’s Struggle With

Scale” —Headline, FT, 09.2005

“Troubling Exits at Microsoft” —Cover Story, BW, 09.2005

“Too Big to Move Fast?” —Headline, BW, 09.2005

Page 37: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

Built to Last vs Built for Impact

“But what if [former head of strategic planning at Royal Dutch Shell] Arie De Geus is wrong in suggesting, in The

Living Company, that firms should aspire to live forever? Greatness is fleeting and, for corporations, it

will become ever more fleeting. The ultimate aim of a business organization, an artist, an athlete or a stockbroker may be to explode in a dramatic frenzy of value creation during a

short space of time, rather than to live forever.” —Kjell Nordström and Jonas Ridderstråle, Funky Business

Page 38: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

Inno64: Innovation Strategies & Tactics

Page 39: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

EXCELLENCE.

4/40.

Page 40: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

4/40

Page 41: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

De-cent-ral-iz-a-tion!

Page 42: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

Ex-e-cu-

tion!

Page 43: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

“Execution is the job of

the business leader.” —Larry Bossidy & Ram

Charan/ Execution: The Discipline of Getting Things Done

Page 44: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

Ac-count-a-bil-ity!

Page 45: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

6:15A.M.

Page 46: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

EXCELLENCE. DRAMATIC.

DIFFERENCE.DOABLE.

Page 47: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

$798

Page 48: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

$415/SqFt/Wal*Mart$798/SqFt/Whole

Foods

Page 49: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

7X. 730A-800P.

F12A.**’93-’03/10 yr annual return: CB: 29%; WM: 17%;

HD: 16%. Mkt Cap: 48% p.a.

Page 50: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006
Page 51: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

“It’s simple, really, Tom. Hire for s,

and, above all, promote for s.”

—Starbucks middle manager/field

Page 52: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

Donnelly’s Weatherstrip

Service

Weymouth MA

Page 53: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

EXCELLENCE. NO EXCUSES.

Page 54: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

Summary:

WallopWal-Mart16*

*Or: Why it’s so absurdly easy to beat a GIANT Company

Page 55: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

The “Small Guys” Guide: Wallop Wal*Mart16

*Niche-aimed. (Never, ever “all things for all people,” a “mini-Wal*Mart.)

*Never attack the monsters head on! (Instead steal niche business and lukewarm customers.)

*“Dramatically Different” (La Difference ... within our

community, our industry regionally, etc … is as obvious as the end of one’s nose!) (THIS IS WHERE MOST MIDGETS COME UP SHORT.)

*Compete on value/experience/intimacy, not price. (You ain’t gonna beat the behemoths on cost-price in 9.99 out of 10 cases.)

*Emotional bond with Clients, Vendors. (BEAT THE BIGGIES ON EMOTION/CONNECTION!!)

Page 56: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

The “Small Guys” Guide: Wallop Wal*Mart16

*Hands-on, emotional leadership. (“We are a great & cool & intimate & joyful & dramatically different team working to transform our Clients lives via Consistently Incredible Experiences!”)

*A community star! (“Sell” local-ness per se. Sell the hell out of it!)

*An incredible experience, from the first to last moment—and then in the follow-up! (“These guys are cool! They ‘get’ me! They love me!”)

*DESIGN DRIVEN! (“Design” is a premier weapon-in-pursuit-of-the sublime for small-ish enterprises, including the professional services.)

Page 57: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

The “Small Guys” Guide: Wallop Wal*Mart16

*Employer of choice. (A very cool, well-paid place to work/learning and growth experience in at least the short term … marked by notably progressive policies.) (THIS IS EMINENTLY DO-ABLE!!)

*Sophisticated use of information technology. (Small-“ish” is no excuse for “small aims”/execution in IS/IT!)

*Web-power! (The Web can make very small very big … if the product-service is super-cool and one purposefully masters buzz/viral marketing.)

*Innovative! (Must keep renewing and expanding and revising and re-imagining “the promise” to employees, the customer, the community.)

Page 58: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

The “Small Guys” Guide: Wallop Wal*Mart16

*Brand-Lovemark* (*Kevin Roberts) (“Branding” is not just for big folks with big budgets. And modest size is actually a Big Advantage in becoming a local-regional-niche “lovemark.”)

*Focus on women-as-clients. (Most don’t. How stupid.)

*Excellence! (A small player

… per me … has no right or reason to exist unless they are in Relentless Pursuit of Excellence. One earns the right—one damn day and client experience at a time!—to beat the Big Guys in your chosen niche!)

Page 59: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

Small Giants: Companies That

Choose To Be Great Instead Of

Good —by Bo Burlingham

Page 60: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

EXCELLENCE. WHAT I’VE LEARNED

ABOUT “SMALL BUSINESS”

SINCE 1981/98Q by tom peters

Page 61: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

Passion for PRODUCT.OBSESSION With Product.

LOVE The Product.Aim To Be “ONLY ONES WHO DO WHAT WE DO.”

Keep ADDIN’ Stuff.Invest “UNWISELY” in R&D.

Reside Permanently In The DISCOMFORT Zone.“Unhealthy” PARANOIA Is A Good Thing.

Add Clients That PUSH-PULL.SELL. SELL. SELL. SELL.

Go For Broke: CUSTOMER CONTACT PEOPLE.PERFECTION: Customer Contact People.

Hire for ATTITUDE.INVITE On An Adventure. GREAT CFO/Biz Guy-Gal. NASTY CFO/Biz Guy-Gal.

QUADRANGULAR LEADERSHIP: Visionary-Talent Fanatic-Project Manager-I.P.M. (I.P.M. = Inspired Profit

Mechanic)

Page 62: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

GREAT Logo.DESIGN!

“OVERDO” Marketing Materials.WOMEN Roar. WOMEN Rule. WOMEN Buy.

Diversity = $$$$$$Be RELENTLESS. Cut And RUN.

Product Includes-Features the PACKAGING.Define Your DRAMATIC DIFFERENCE (R.P.O.V.8)

Best STORY Wins.DRESS For Success.

First Goal: AMUSE Yourself.Know YOURSELF.

DON’T Do Stuff You Hate. “Over-invest” In RELATIONSHIPS.

(R.O.I.R.: Return On Investment in Relationships)

SYSTEMATICALLY “Manage” Relationships.“Work” The SUPPORT PEOPLE In Client Orgs.

Page 63: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

BLOG As If Your Life Depended On It.SOPHISTICATED Use Of Infotech.

RESPONSE To Problems.Make ’Em PAY.

CLOSE The Sale. Invest BIGTIME In PR.

Media FRIENDLY.Live-To-SCHMOOZE.

Fun/Laughter = $$$$ MBWA: Stay In Touch.

“You Must Be The Change You Wish To See In The World”/GANDHI

5K For 5M.Your CALENDAR Never Lies.

OUT: Pastels. IN: Technicolor

Page 64: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

JUST SAY “NO” TO C.E.O.: CIO/Chief Innovation Officer. CSO/Chief Sales Officer.

CWO/Chief Wow Officer

EXCELLENCE Is Very Cool. “MICRO-MANAGE” Your Reputation.Wear Your Integrity On Your SLEEVE.

KEEP Your Promises.EXECUTION!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

“A Man Without A Smiling Face MUST NOT Open His Shop.”

RECOGNITION! Work HARD, Not Smart.

Insanely Great. THE STANDARD.

Page 65: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

Tom/2006/Q97-Q100

Study more.Renew more.Tailor more.Offer more.Listen more.Market more.Practice more.

Challenge more.Socialize more.

Smile more.Follow-up more.

Plan execution more.Cost control more.

Page 66: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

“A man without a smiling face

must not open a shop.” —Chinese Proverb

Page 67: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

“It’s always

showtime.”

—David D’Alessandro, Career Warfare

Page 68: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

EXCELLENCE.

OPPORTUNITY.

Page 69: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

“Women are the

majority market”

—Fara Warner/The Power of the Purse

Page 70: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

The Perfect Answer

Jill and Jack buy slacks in black…

Page 71: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006
Page 72: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

1. Men and women are different.2. Very different.3. VERY, VERY DIFFERENT.4. Women & Men have a-b-s-o-l-u-t-e-l-y nothing in common.5. Women buy lotsa stuff.

6. WOMEN BUY A-L-L THE STUFF.7. Women’s Market = Opportunity No. 1.8. Men are (STILL) in charge.9. MEN ARE … TOTALLY, HOPELESSLY CLUELESS ABOUT WOMEN.10. Women’s Market = Opportunity No. 1.

Page 73: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

Cases!McDonald’s (“mom-centered” to “majority consumer”;

not via kids)

Home Depot (“Do it [everything!] Herself”)

P&G (more than “house cleaner”)

DeBeers (“right-hand rings”/$4B)

AXA FinancialKodak (women = “emotional centers of the household”)

Nike (> jock endorsements; new def sports; majority consumer)

AvonBratz (young girls want “friends,” not a blond stereotype)

Source: Fara Warner/The Power of the Purse

Page 74: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

EXCELLENCE.

OPPORTUNITY.

Page 75: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

2000-2010 Stats

18-44: -1%

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

Page 76: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

44-65: “New Customer Majority” *

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

Page 77: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

“The New Customer 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 78: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

EXCELLENCE.

VALUE ADDED.

Page 79: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

$55B

Page 80: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

MasterCard Advisors

Page 81: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

EXCELLENCE. NO OPTION.

Page 82: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

“ ‘Outsourcing’ is overrated. Those who fear outsourcing should in fact be afraid of irrelevance—

outsourcing is just another way of saying that …

you’ve become

irrelevant to your

customers.”

—John Battelle/Point/Advertising Age/07.05

Page 83: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

Department Head

to …

Managing

Partner, IS [HR, R&D, etc.] Inc.

Page 84: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

Core Mechanism:“Game-changing Solutions”

PSF (Professional Service Firm “model”/The Organizing Principle)

+

Brand You(“Distinct” or “Extinct”/The Talent)

+

Wow! Projects (“Different” vs “Better”/The Work)

Page 85: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

The “PSF35”: Thirty-Five

Professional Service Firm Marks of Excellence

Page 86: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

I. LAN Installation Co. (3%)

II. Geek Squad. (30%.)

III. Acquired by BestBuy.

IV. Flagship of BestBuy Wholesale “Solutions” Strategy Makeover.

Page 87: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

EXCELLENCE.

UP THE LADDER.

Page 88: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

The Value-added Ladder/Opportunity-seeking

Gamechanging Solutions

ServicesGoods

Raw Materials

Page 89: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

EXCELLENCE.

EXPERIENCE IT.

Page 90: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

“Experiences are as distinct

from services as services are from

goods.” —Joe Pine & Jim Gilmore, The Experience Economy:

Work Is Theatre & Every Business a Stage

Page 91: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

Warren Goes Shopping …

Page 92: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

Q: “Why did you buy Jordan’s Furniture?”

A: “Jordan’s is spectacular. It’s all

showmanship.”

Source: Warren Buffet interview/Boston Sunday Globe/12.05.2004

Page 93: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

The Value-added Ladder/Memorable Connection

Spellbinding Experiences

Gamechanging SolutionsServicesGoods

Raw Materials

Page 94: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

CXO**Chief eXperience Officer

Page 95: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

EXCELLENCE.

DREAM IT.

Page 96: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

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 97: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

The Value-added Ladder/Emotion

Dreams Come True

Spellbinding Experiences Gamechanging Solutions

ServicesGoods

Raw Materials

Page 98: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

CDM*

*Chief Dream Merchant

Page 99: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

EXCELLENCE.

LOVE IT.

Page 100: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

“Brands have run out

of juice. They’re

dead.” —Kevin Roberts/Saatchi &

Saatchi

Page 101: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

Kevin Roberts:

Lovemarks!

Page 102: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

Tattoo Brand: What % of users would tattoo the brand name on their

body?

Page 103: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

Top 10 “Tattoo Brands”*

Harley .… 18.9%Disney .... 14.8

Coke …. 7.7Google .... 6.6Pepsi .... 6.1Rolex …. 5.6Nike …. 4.6

Adidas …. 3.1Absolut …. 2.6

Nintendo …. 1.5

*BRANDsense: Build Powerful Brands through Touch, Taste, Smell, Sight, and Sound, Martin Lindstrom

Page 104: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

CL O*

*Chief Lovemark Officer

Page 105: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

EXCELLENCE.

BEDROCK.

Page 106: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

“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 De Pree, Herman Miller

Page 107: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

“People want to be part of something larger

than themselves. They want to be part of

something they’re really proud of, that they’ll

fight for, sacrifice for , trust.” —Howard Schultz, Starbucks (IBD/09.05)

Page 108: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

EXCELLENCE.

PASSION.

Page 109: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

“Nothing is so contagious as enthusiasm.”

—Samuel Taylor Coleridge

Page 110: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

EXCELLENCE.

BEDROCK.

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Brand =

Talent.

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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 113: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

Leadership’s Mt Everest/Mt Excellence

“free to do his or her absolute best” …

“allow its members to discover their

greatness.”

Page 114: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

“The role of the Director is to create a

space where the actor or actress can become more than they’ve ever been before, more than

they’ve dreamed of being.” —Robert Altman, Oscar

acceptance

Page 115: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

“We are a ‘life

Success Company”’

founder, RE/MAX

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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

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EXCELLENCE. WOMEN.

RULE.

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“AS LEADERS, WOMEN

RULE: New Studies find that

female managers outshine their male counterparts in almost every measure”

Title, Special Report/BusinessWeek

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“Forget China, India and the

Internet: Economic Growth Is Driven

by Women.” —Headline, Economist,

April 15, 2006, Leader, page 14

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EXCELLENCE.

BEDROCK.

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X.Step #1:Buy a Mirror!

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“You must

be the

change you wish to see in the

world.”Gandhi

Page 123: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

“Do one thing every

day that scares you.”

—Eleanor Roosevelt

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EXCELLENCE.

REVENUE.MATTERS.

MOST.

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. “Everyone lives by selling

something.”

– Robert Louis Stevenson

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SellSellSell

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“TAKE THIS QUICK QUIZ: Who manages more things at once? Who puts more effort into their appearance? Who usually takes care of the

details? Who finds it easier to meet new people? Who asks more questions in a

conversation? Who is a better listener? Who has more interest in communication skills? Who is more inclined to get involved? Who encourages harmony and agreement? Who

has better intuition? Who works with a longer ‘to do’ list? Who enjoys a recap to the day’s events? Who is better at keeping in touch

with others?”

Source: Selling Is a Woman’s Game: 15 Powerful Reasons Why Women Can Outsell Men, Nicki Joy & Susan Kane-Benson

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“It’s always

showtime.”

—David D’Alessandro, Career Warfare

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CRO*

*Chief Revenue Officer

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TP.27 … on Selling

(Short) (Personal)

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EXCELLENCE.

STRETCH.

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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

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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 134: Tom Peters’ EXCELLENCE. ALWAYS. National Enterprise Innovation Conference B2B/London/27June 2006

Sir Richard’s Rules:

Follow your passions.Keep it simple.

Get the best people to help you.

Re-create yourself.Play.

Source: Fortune on Branson

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EXCELLENCE.

TRANSCENDENCE.THRILLS.

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Radically Thrilling Language!

“Radically Thrilling.”

—BMW Z4 (ad)

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CTO**Chief Thrills Officer

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Synonyms

PurityTranscendence

VirtueEleganceMajesty

Antonyms

Mediocrity

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CTO**Chief Transcendence Officer

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EXCELLENCE. WOW. NOW.

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CWO**Chief WOW Officer

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C!O*Chief ! Officer

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Excellence: The Irreducible209+

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A frustrated participant at a seminar for investment bankers in Mauritius listened impatiently to my explanation of differences of opinion among me, Mike Porter,

Gary Hamel, Jim Collins, etc. Finally, he’d had enough. “What, if anything,” he asked,

“do you believe ‘for sure’?” I mumbled something, but his query started rumbling

around in my mind. Three days later, wandering on a Sunday in London, the idea of “the irreducibles” occurred to

me—and I started jotting down notes on stuff I do indeed believe “for sure.” Before

I knew it, a few days later, the list had grown to 209 items. Hence “The Irreducible209” that follows.

Tom Peters

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1. Hare 1, Tortoise 0. (Hare-y times.)2. Tempo. (O.O.D.A.)3. MBWA.4. Appreciation. (“Motivator” #1.) (Can’t be faked. Good.)5. Decency.6. Hurry.7. Time out.8. One matters. 9. Big change. Short time. (Alt not work.)10. Excellence. Always.11. Passion. Energy. Hustle. Enthusiasm. Exuberance. (Move mountains. No alt.)12. You must care.13. Emotion.14. Hard is soft. (Soft is hard.)

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15. Men. Women. Different. Contend. Connect.16. Women. Buy. All. (RU listening?)17. Quality. (“Mind-blowing.” Beyond 6-Sigma.)18. Re-invent. Re-pot. (Required.)19. Jaywalk.20. Big change. Small # of people. (Always.)21. Experiment. Now.22. Failure. Normal. 23. Most failures, most success. (Fail. Forward. Fast.) 24. “Reward excellent failures. Punish mediocre successes.”25. Women leaders. (Altered times.) 26. Extremism. (Good business. Bad politics.)27. Innovation source. Only. Extreme irritation.28. Smile.

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29. You must care.30. Mentor. (Highest ROI.)31. Best “roster” wins.32. Wow. (Okay in biz.)33. We all have customers. (Biz. Personal.)34. All contacts = Experiences.35. Cirque du Soleil. (Peerless.)36. Leaders create space for growth.37. Quests. (Only.)38. High aspirations, “high” results. (Self-fulfilling prophecy.)39. Attitude 1, Skills 0. (Mostly.) (Attitude 1, Skill 0.3?)40. Sometimes: Skill 1, Attitude 0.1.41. Must “love,” not “like.”42. Wegman’s.” (No excuses. “Mere” groceries.)43. Less than your best. Cheating.

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44. Brand You. (No alt.)45. Self-sufficiency. (Biggest LT turn-on.)46. In the moment.47. The moment wins.48. Tomorrow = Never. 49. Action 1, Plan 0.1.50. “Execution” can be a “system.”51. Realism.52. Own up. Move on.53. Accountability.54. Work hard > Work smart. (Mostly.)55. Feedback. Necessary. Fast. (R.F.A. in “RFA times.”)56. Customers. Listen. Lead. (Paradox.)57. “On stage.” Always. (GW, FDR, RG = Supreme actors.)

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58. Master statistical analysis.59. Excellence = Set the table.60. Legacy. (Will it have mattered?)61. “Great.” (Why not?)62. Radicals rule. (Think … Olympics.)63. !!! = Good.64. Red 1, Brown 0. (Red times.)65. Talk. Listen. (“Big 2.” Master.)66. Politics. (Normal-inevitable state of affairs. Master.)67. Student. Forever.68. “Why?” (Question #1.)69. Don’t belittle.70. Respect.71. All we have: this moment. (“Moments matter most”?) 72. Now. (Procrastination. Death.)

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73. Exercise.74. Paint. (Leader. Portraits of Excellence.)75. Best story wins.76. “You must be the change you wish to see in the world.”77. Two “big ones.” Max. (Priorities.)78. No “I” in Team. (“I” in Win.)79. “I” in Win. (No “I” in Team.)80. Different 1, Better 0. (Better = 0.1)81. Imitation = Mistake. (Learn, from who?)82. Choose/battle the “right” competitor.83. Schools. Creativity. Entrepreneurship. (Not.)84. MBAs. Creativity. Entrepreneurship. Leadership. (Not.)85. Design. Under-rated. Wildly. (Still.) (Everything.)

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86. You = Calendar. (Calendar. Never. Lies.)87. Laugh.88. Handshake. (Quantity. Quality.)89. Don’t fold your hands in front of your

chest. Ever. (Never.)90. Grace. (“Works” in biz.)91. Weird. Wins. (Weird times.)92. Crazy times. Crazy orgs.93. Internet. All.94. Women. Boomers-Geezers. Market. All.95. Passion. (Repeat. So what?)96. Energy. (Repeat. So what?)97. Hustle. (Repeat. So what?)98. Enthusiasm. (Repeat. So what?)99. Exuberance. (Repeat. So what?)100. Smile. (Repeat. So what?)101. Care. (Repeat. So what?)

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102. Simplicity. Redundancy. Resilience. Bloody- mindedness. Visible optimism. (Success.) 103. Act. (Repeat. So what?) 104. Appreciate. (Repeat. So what?)105. Fun. (Biz. Why not?)106. Joy. (Biz. Why not?)107. Sales = Life.108. Marketing = Life.109. Long-term. “Top line.”110. Great company = Creates the most individual success stories. (RE/MAX)111. Talent first, performance byproduct.112. Sustained Wow* 1, “Shareholder value,” 0.2 (*Product, People.)113. Commitment, by invitation only.114. Creativity, by invitation only. 115. HR = #1. (Ought to.)116. Face-to-face. (5K miles, 5 minutes.)

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117. Negotiation. Make all winners. (Save face.)118. Grace makes enemies friends.119. Network.120. Invest in relationships. (Think ROIR. Return On Investment in Relationships.)118. Relationship investment. Forethought. Calendar item. Intensity.119. Innovation. Easy. (Hang out with weird.)120. Weird = Win. (Weird times.)121. “The bottleneck is at the top of the bottle.”122. Good Board = Weird Board. (At least, surprising.)123. No contention, no progress.

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124. “Crucial conversations.” “Crucial confrontations.” (Study. Learn. Do.)125. Honest feedback.126. Gaspworthy. Yes. 127. “Insanely great.”128. “Astonish me.”129. “Make it immortal.”130. “Will you remember it in 20 years?”131. No small opportunities. (Reframe.)132. One playmate, one playpen = Enough.133. End run. Sensible.134. Allies are there for the finding.135. Find successes. Build on successes. (Pos > Neg. Encourage > Fix.)136. Somebody’s doing it today. Find ’em.137. Someone is living 2016 in 2006. (Find ’em. Study ’em.)

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138. Don’t “benchmark,” “futuremark.” (2016. Happening. Somewhere.)139. “PMA.” It works.140. There are no experts. (You are the expert.)141. Life is short. 142. “Sustained success.” Fat chance. Make today matter. (“Sustained.” Ha.)143. Collaborate. (Networked world.)144. Go solo. (Individual. Unit of Intellectual Capital.)145. There are no “perfect” plans. (Do. Wins.)146. Plans motivate. (Right or wrong. Sense of purpose.)147. Never rest.148. Get some sleep.149. Winning = Embracing paradox.150. Ambiguity = Opportunity.

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151. Resilience.152. Relentless-ness.153. None. Above. Comeuppance. (GM. Sears. U.S. Steel. DEC.)154. Be yourself. Period.155. Never work with jerks. Including customers. (Life. Too short.)156. Under-promise, over-deliver.157. Talent. (Powerful word.)158. “Customer = Anyone whose actions affect your results.”159. Competition stinks. (Seek the soft spots where you can dominate.)160. K.I.S.S./Keep It Simple, Stupid.161. Beauty. (Good biz word.)162. “See the beauty in a hamburger bun.” (Go. Ray.)

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163. Own up. Quick. ( Denial. Cancer.)164. Celebrate. Often.165. 78 people = 78 approaches. (Each. Unique.)166. Weed. Ceaselessly. (Prune. Stupid. Rules. Non-stop.)167. Get out of the way. (You = The problem.)168. Smile. Sunny. Optimism. (If it kills you.)169. Flowers. (Cheery workplace.)170. Enjoy. (Or get the hell.)171. Be intolerant of “sour.” (1 = Major pollution)172. No “quick trigger” on promotion. (Too important.)173. Evaluation = Lots of study-time.174. Evaluation = “Life or death” to evaluee.175. “360” evaluation. No fad.176. Exit when you’re done. (Done. Sooner than you think.)

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177. Today. Now. My Project. Am. Is. I. Period.178. “Beautiful” systems. (Good biz phrase. Not oxymoron.)179. Build on strengths > Fix weaknesses.180. “To don’t” = “To do.” (“To don’t” > “To do” ?)181. Leaders “Do” People. (Period.)182. Leaders enjoy leading.183. Serious leadership training = Serious.184. Priorities. Obvious. (Or else.)185. 5 “Priorities” = 0 Priorities. (3 “Priorities” = 0 Priorities?)186. People. First. Last. Always.187. It. Is. Always. The. People.

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188. Handshake. (Quantity. Quality.)189. Don’t fold your hands in front of your chest. Ever. (Never.)190. Simplicity. Redundancy. Resilience. Bloody-mindedness. Visible optimism. (Success.) (Repeat.)191. Employee Entrance = Guest Entrance.192. Put the customer SECOND. (Thanks, Hal.)193. Flowers. (Or did I say that before? No matter if I did.)194. Big Mergers don’t work. Small acquisitions can/do work—if you don’t screw with their energy.

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195. Instinctively “head for the front line.” (In all contexts.)196. Success = DDMMPR/"D-squared, M-squared, PR” = DramDiff + Money-Financial Acumen + Good “Marketing” Instincts + Stellar People + Resilience (The “fab five”: What. Every. Small. Biz. Needs.) (Big too.)197. Core Mechanism (“Game-changing Solutions”): PSF (Professional Service Firm “model”) + Wow! Projects (“Different” vs “Better”) + Brand You (“Distinct” or “Extinct”)198. 2011/2016 has already happened. Find it.

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199. Kids “know” kids. Oldies “know” oldies. Women “know” women. (Staff accordingly.)200. Everybody is my customer.201. Cosset “vendors.”202. I want to run a Housekeeping department. (And you?)203. The military doesn’t follow the “military model.” (Initiative = Excellence.)204. No such thing as “going to absurd lengths” to serve the Customer. (HSM & Lefties.)205. Forget the “customer.” All = “Clients.”206. It takes decades to get over “sleights.” (So don’t sleight.)207. Don’t “dumb down.” Ever.

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208. NO LESS THAN EXCELLENCE. EVER.209. EXCELLENCE. ALWAYS.

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Work In Progress

XXX. One size fits. One. Only. (Evaluations. Period.)XXX. Teaching. Individualized. Only. (6 billion people = 6 billion learning trajectories.) (Montessori.)XXX. First impression. Matters. Shapes all that comes. Hard to overcome. (Understatement.)XXX. Jerks. Don’t work with. (Life = Too short.)XXX. Manage [the hell out of] first impressions.XXX. Last impression. Matters. Dominates memory. Hard to overcome. (Understatement.)XXX. Manage [the hell out of] last impressions.XXX. Plain English.XXX. K.I.S.S. (450/8.)XXX. $798. $55,000,000,000. 3,000,000,000. 7AM-7PM. 6:15AM.XXX. Donnelly Weatherstrip rules.XXX. Managers do things right. Leaders do the right thing. NOT.

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Work In Progress

XXX. One size fits. One. Only. (Evaluations. Period.)XXX. Teaching. Individualized. Only. (6 billion people = 6 billion learning trajectories.) (Montessori.)XXX. First impression. Matters. Shapes all that comes. Hard to overcome. (Understatement.)XXX. Jerks. Don’t work with. (Life = Too short.)XXX. Manage [the hell out of] first impressions.XXX. Last impression. Matters. Dominates memory. Hard to overcome. (Understatement.)XXX. Manage [the hell out of] last impressions.XXX. Plain English.XXX. K.I.S.S. (450/8.)XXX. $798. $55,000,000,000. 3,000,000,000. 7AM-7PM. 6:15AM.XXX. Donnelly Weatherstrip rules.XXX. Managers do things right. Leaders do the right thing. NOT.

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EXCELLENCE. ALWAYS.