Tom Peters’ Individual Challenge 2015: ENTREPRENEURIAL EXCELLENCE ! The Guardian Life Insurance Company Boston/05 November 2015 (10+ years of presentation.

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Presentation transcript:

Tom Peters’ Individual Challenge 2015: ENTREPRENEURIAL EXCELLENCE ! The Guardian Life Insurance Company Boston/05 November 2015 (10+ years of presentation slides at tompeters.com; also see our annotated 23-part Master Compendium at excellencenow.com)

CONRAD HILTON, at a gala celebrating his career, was called to the podium and asked, His answer … CONRAD HILTON, at a gala celebrating his career, was called to the podium and asked, “What were the most important lessons you learned in your long and distinguished career?” His answer …

“ Remember to tuck the shower curtain inside the bathtub.”

Tom Peters’ Individual Challenge 2015: ENTREPRENEURIAL EXCELLENCE ! The Guardian Life Insurance Company Boston/05 November 2015 (10+ years of presentation slides at tompeters.com; also see our annotated 23-part Master Compendium at excellencenow.com)

“Human level capability has not turned out to be a special stopping point from an engineering perspective.” —Illah Reza Nourbakhsh, Robot Futures/2013 “SOFTWARE IS EATING THE WORLD.” —Marc Andreessen/2014 “The computers are in control. We just live in their world.” —Danny Hillis, Thinking Machines/2011 in their world.” —Danny Hillis, Thinking Machines/2011 “THE INTELLECTUAL TALENTS OF HIGHLY TRAINED PROFESSIONALS ARE NO MORE PROTECTED FROM AUTOMATION THAN IS THE DRIVER’S LEFT TURN.” —Nicholas Carr, The Glass Cage: Automation and Us

A PEERLESS ENTREPRENEURIAL/ GROWTH ADVENTURE PERFECTLY SUITED FOR THE TIMES. 10X BETTER THAN A GOOGLE JOB. (YOUR JOB #1: MENTOR, NOT “BIZ BOSS”)

PEOPLE STUFF

PEOPLE BEFORE STRATEGY

“PEOPLE BEFORE STRATEGY” —Lead article, Harvard Business Review. July-August 2015, by Ram Charan, Dominic Barton, and Dennis Carey

“Business has to give people enriching, rewarding lives …

1/4,096: excellencenow.com “Business has to give people enriching, rewarding lives … or it's simply not worth doing.” —Richard Branson

“We are a ‘Life Success’ Company.” “We are a ‘Life Success’ Company.” Dave Liniger, founder, RE/MAX

“The organization would ultimately win not because it gave agents more money, but because it gave them a chance for better lives.” —Phil Harkins & Keith Hollihan, Everybody Wins (the story of RE/MAX )

“You have to treat your employees like customers.” —Herb Kelleher, upon being asked his “secret to success” Source: Joe Nocera, NYT, “Parting Words of an Airline Pioneer,” on the occasion of Herb Kelleher’s retirement after 37 years at Southwest Airlines (SWA’s pilots union took out a full-page ad in USA Today thanking HK for all he had done) ; across the way in Dallas, American Airlines’ pilots were picketing AA’s Annual Meeting)

Rocket Science. NOT. “If you want staff to give great service, give great service to staff.” “If you want staff to give great service, give great service to staff.” —Ari Weinzweig, Zingerman’s Source: Small Giants: Companies That Choose to Be Great Instead of Big, Bo Burlingham

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. 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

Profit Through Putting People First Business Book Club Nice Companies Finish First: Why Cutthroat Management Is Over—and Collaboration Is In, by Peter Shankman with Karen Kelly Uncontainable: How Passion, Commitment, and Conscious Capitalism Built a Business Where Everyone Thrives, by Kip Tindell, CEO Container Store Conscious Capitalism: Liberating the Heroic Spirit of Business, by John Mackey, CEO Whole Foods, and Raj Sisodia Firms of Endearment: How World-Class Companies Profit from Passion and Purpose, by Raj Sisodia, Jag Sheth, and David Wolfe The Good Jobs Strategy: How the Smartest Companies Invest in Employees to Lower Costs and Boost Profits, by Zeynep Ton, MIT Joy, Inc.: How We Built a Workplace People Love, by Richard Sheridan, CEO Menlo Innovations Employees First, Customers Second: Turning Conventional Management Upside Down, by Vineet Nayar, CEO, HCL Technologies Patients Come Second: Leading Change By Changing the Way You Lead by Paul Spiegelman & Britt Berrett The Customer Comes Second: Put Your People First and Watch ’Em Kick Butt, by Hal Rosenbluth, former CEO, Rosenbluth International It’s Your Ship: Management Techniques from the Best Damn Ship in the Navy, by Mike Abrashoff, former commander, USS Benfold Turn This Ship Around; How to Create Leadership at Every Level, by L. David Marquet, former commander, SSN Santa Fe Small Giants: Companies That Choose to Be Great Instead of Big, by Bo Burlingham Hidden Champions: Success Strategies of Unknown World Market Leaders, by Hermann Simon Retail Superstars: Inside the 25 Best Independent Stores in America, by George Whalin Joy at Work: A Revolutionary Approach to Fun on the Job, by Dennis Bakke, former CEO, AES Corporation The Dream Manager, by Matthew Kelly The Soft Edge: Where Great Companies Find Lasting Success, by Rich Karlgaard, publisher, Forbes Delivering Happiness: A Path to Profits, by Tony Hsieh, Zappos Camellia: A Very Different Company Fans, Not Customers: How to Create Growth Companies in a No Growth World, by Vernon Hill Like a Virgin: Secrets They Won’t Teach You at Business School, by Richard Branson

THE MORAL IMPERATIVE: PEOPLE DEVELOPMENT

CORPORATE MANDATE #1 2015: Your principal moral obligation as a leader is to develop the skillset, “soft” and “hard,” of every one of the people in your charge (temporary as well as semi-permanent) to the maximum extent of your abilities. The bonus: This is also the #1 mid- to long-term … profit maximization strategy!

The Memories That Matter

The Memories That Matter The Memories That Matter The people you developed who went on to stellar accomplishments inside or outside stellar accomplishments inside or outside the company. the company. The (no more than) two or three people you developed who went on to create stellar institutions of their own. create stellar institutions of their own. The long shots (people with “a certain something”) you bet on who surprised themselves—and your peers. surprised themselves—and your peers. The people of all stripes who 2/5/10/20 years later say “You made a difference in my life,” later say “You made a difference in my life,” “Your belief in me changed everything.” “Your belief in me changed everything.” The sort of/character of people you hired in general. (And the bad apples you chucked out despite some stellar traits.) apples you chucked out despite some stellar traits.) A handful of projects (a half dozen at most) you doggedly pursued that still make you smile and which fundamentally changed the way still make you smile and which fundamentally changed the way things are done inside or outside the company/industry. things are done inside or outside the company/industry. The supercharged camaraderie of a handful of Great Teams aiming to The supercharged camaraderie of a handful of Great Teams aiming to “change the world.” “change the world.”

James J. Jones 1940 – 2015 Net Worth $21,543,672.48

4.6 Training = Investment #1 !

2X

In the Army, 3-star generals worry about training. In most businesses, it's a “ho- hum” mid-level staff function.

What is the #1 reason to go berserk over training?

What is the best reason to go bananas over training? GREED. (It pays off.) (Also: Training should be an official part of the R&D budget and a capital expense.) the R&D budget and a capital expense.)

Brand You. No Option.

The Brand You50: Fifty Ways to Transform Yourself from an “Employee” into a Brand That Shouts Distinction, Commitment, and Passion Distinction, Commitment, and Passion!

Muhammad Yunus: “ALL HUMAN BEINGS ARE ENTREPRENEURS. When we were in the caves we were all self-employed... finding our food, feeding ourselves. That’s where human history began... As civilization came we suppressed it. We became labor because they stamped us, ‘You are labor.’ We forgot that we are entrepreneurs.” are entrepreneurs.”

"The illiterate of the 21st Century will not be those who cannot read or write, but those who cannot learn, unlearn and relearn." —Alvin Toffler

VALUE ADDED STRATEGIES

TGRs & the “8/80” Fiasco: Towards “EXPERIENCES” That Rock! (& Are Remembered) TGRs & the “8/80” Fiasco: Towards “EXPERIENCES” That Rock! (& Are Remembered)

Customers describing their service experience as “superior”: 8 % Companies describing the service experience they provide as the service experience they provide as “superior”: 80% “superior”: 80% —Source: Bain & Company survey of 362 companies, reported in John DiJulius, What's the Secret to Providing a World-class Customer Experience?

Conveyance: Kingfisher Air Location: Approach to New Delhi

“May I clean your glasses, sir?”

“Courtesies of a small and trivial character are the ones which strike deepest in the grateful and appreciating heart.” “Courtesies of a small and trivial character are the ones which strike deepest in the grateful and appreciating heart.” — Henry Clay

TGR (Things Gone -Things Gone RIGHT ) TGR (Things Gone WRONG -Things Gone RIGHT )

Get ’Em Away From the ATM and Into the Branches: 7X. 7:30A-8:00P. Fri/12A. 7:30AM = 7:15AM. 8:00PM = 8:15PM. (+2,000,000 dog biscuits) Source: Vernon Hill, Fans, Not Customers (the story of Commerce Bank, the folks who revolutionized East Coast retail banking)

NOT “Consultant-ese” “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

“At our core, we’re a coffee company, but the opportunity we have to extend the brand is beyond coffee. IT’S ENTERTAINMENT.” “When Pete Rozelle ran the NFL, it was a football business and a good one. NOW IT’S TRULY AN ENTERTAINMENT BUSINESS.” —Paul Much, Investment Advisor From George Whalin’s Retail Superstars: Jungle Jim’s International Market, Fairfield, OH, AN ADVENTURE IN “SHOPPERTAINMENT.” Boston Globe: “ Why did you [Berkshire Hathaway] buy Jordan ’ s Furniture? ” Warren Buffett: “ Jordan ’ s is spectacular. IT ’ S ALL SHOWMANSHIP. ” “At our core, we’re a coffee company, but the opportunity we have to extend the brand is beyond coffee. IT’S ENTERTAINMENT.” —Howard Schultz “When Pete Rozelle ran the NFL, it was a football business and a good one. NOW IT’S TRULY AN ENTERTAINMENT BUSINESS.” —Paul Much, Investment Advisor From George Whalin’s Retail Superstars: Jungle Jim’s International Market, Fairfield, OH, AN ADVENTURE IN “SHOPPERTAINMENT.” Boston Globe: “ Why did you [Berkshire Hathaway] buy Jordan ’ s Furniture? ” Warren Buffett: “ Jordan ’ s is spectacular. IT ’ S ALL SHOWMANSHIP. ”

TGRs LBTs* ************************* *Little BIG Things TGRs LBTs* ************************* *Little BIG Things

TGRs (on steroids): L( V ery )BTs

Big carts = 1.5X 1.5X Source: Walmart

Las Vegas Casino/2X: “When Friedman slightly curved the right angle of an entrance corridor to one property, he was ‘amazed at the magnitude of change in pedestrian behavior’—the percentage who entered increased from one-third to nearly two-thirds.” —Natasha Dow Schull, Addiction By Design: Machine Gambling in Las Vegas

3 Minutes

THE PROBLEM IS RARELY/NEVER THE PROBLEM. THE RESPONSE TO THE PROBLEM INVARIABLY ENDS UP BEING THE REAL PROBLEM. (OPPORTUNITY) (OPPORTUNITY).

THERE ONCE WAS A TIME WHEN A THREE-MINUTE PHONE CALL WOULD HAVE AVOIDED SETTING OFF THE DOWNWARD SPIRAL THAT RESULTED IN A COMPLETE RUPTURE.* Relationships (of all varieties) : THERE ONCE WAS A TIME WHEN A THREE-MINUTE PHONE CALL WOULD HAVE AVOIDED SETTING OFF THE DOWNWARD SPIRAL THAT RESULTED IN A COMPLETE RUPTURE.* *Divorce, loss of a BILLION $$$ aircraft sale, etc., etc.

With a new and forthcoming policy on apologies … Toro, the lawn mower folks, reduced the average cost of settling a claim from $115,000 in 1991 to $35,000 in 2008 … and the company hasn’t been to trial in the last15 years !

TGRs: 18 TGRs: 18

“The doctor interrupts after …* *Source: Jerome Groopman, How Doctors Think

18 …

18 … seconds !

(An obsession with) Listening is... the ultimate mark of Respect. of Respect. Listening is... the heart and soul of Engagement. Listening is... the heart and soul of Kindness. Listening is... the heart and soul of Thoughtfulness. Listening is... the basis for true Collaboration. Listening is... the basis for true Partnership. Listening is... a Team Sport. Listening is... a Developable Individual Skill.* (*Though women are far better at it than men.) are far better at it than men.) Listening is... the basis for Community. Listening is... the bedrock of Joint Ventures that work. Listening is... the bedrock of Joint Ventures that grow. Listening is... the core of effective Cross-functional Communication.* (*Which is in turn Attribute #1 of Communication.* (*Which is in turn Attribute #1 of organization effectiveness.) organization effectiveness.)

Best Listeners Win … “IF YOU DON’T LISTEN, YOU DON’T SELL ANYTHING.” —Carolyn Marland

*8 of 10 sales presentations fail *50% failed sales presentations … talking “at” before listening! —Susan Scott, “Let Silence Do the Heavy Lifting,” chapter title, Fierce Conversations: Achieving Success at Work and in Life, One Conversation at a Time

Suggested Core Value #1: “We are Effective Listeners—we treat Listening EXCELLENCE as the Centerpiece of our Commitment to Respect and Engagement and Community and Growth.”

Quiet

“We live with a value system that I call the Extrovert Ideal—the omnipresent belief that the ideal self is gregarious, alpha, and comfortable in the spotlight. The archetypal extrovert prefers action to contemplation, risk-taking to heed-taking, certainty to doubt. … We think that we value individuality, but all too often we admire one type of individual … Introversion is now a second-class personality trait. … The Extrovert Ideal has been documented in many studies. Talkative people, for example, are rated as smarter, better looking, more interesting, and more desirable as friends. Velocity of speech counts as well as volume: We rank fast talkers as more competent and likeable than slow ones. But we make a grave mistake to embrace the Extrovert Ideal so unthinkingly. … As the science journalist Winifred Gallagher writes, ‘The glory of the disposition that stops to consider stimuli rather than rushing to engage with them is its long association with intellectual and artistic achievement. Neither E = mc squared or Paradise Lost was dashed off by a party animal.’ Even in less obviously introverted occupations, like finance, politics, and activism, some of the greatest leaps forward were made by introverts … figures like Eleanor Roosevelt, Warren Buffett and Gandhi achieved what they did not in spite of but because of their introversion.” — Susan Cain, Quiet: The Power of Introverts in a World That Can’t Stop Talking

“The next time you see a person with a composed face and a soft voice, remember that inside her mind she might be solving an equation, composing a sonnet, designing a hat. She might, that is, be deploying the power of quiet.” — Susan Cain, Quiet: The Power of Introverts in a World That Can’t Stop Talking

Social Business The Rule of 5

“The customer is in complete control of communication.” “It takes 20 years to build a reputation and 5 Minutes to ruin it.” “What used to be ‘word of mouth’ is now ‘word of mouse.’ You are either creating brand ambassadors or brand terrorists doing brand assassination.” mouse.’ You are either creating brand ambassadors or brand terrorists doing brand assassination.” Source: John DiJulius, The Customer Service Revolution: Overthrow Conventional Business, Inspire Employees, and Change the World

“I would rather engage in a Twitter conversation with a single customer than see our company attempt to attract the attention of millions in a coveted Super Bowl commercial. Why? Because having people discuss your brand directly with you, actually connecting one-to-one, is far more valuable—not to mention far cheaper!. … “Consumers want to discuss what they like, the companies they support, and the organizations and leaders they resent. They want a community. They want to be heard. “[I]f we engage employees, customers, and prospective customers in meaningful dialogue about their lives, challenges, interests, and concerns, we can build a community of trust, loyalty, and—possibly over time—help them become advocates and champions for the brand.” —Peter Aceto, CEO, Tangerine (from the Foreword to A World Gone Social: How Companies Must Adapt to Survive, by Ted Coine & Mark Babbit)

“Amy Howell [social marketer extraordinaire, founder of Howell Marketing] ignites epidemics. In a good way, of course. Epidemics of excitement. Epidemics of business connections. Epidemics of influence.” —Mark Schaeffer, ROI/Return on Influence: The Revolutionary Power of Klout, Social Scoring, and Influence Marketing Power of Klout, Social Scoring, and Influence Marketing

Going “Social”: Location and Size Independent “Today, despite the fact that we’re just a little swimming pool company in Virginia, we have the most trafficked swimming pool website in the world. Five years ago, if you’d asked me and my business partners what we do, the answer would have been simple, ‘We build in-ground fiberglass swimming pools.’ Now we say, ‘We are the best teachers … in the world … on the subject of fiberglass swimming pools, and we also happen to build them.’” —Jay Baer, Youtility: Why Smart Marketing Is About Help, Not Hype

Social Business/ New Ball Game/ ZMOT /The Shopping Is Over Before The Shopping Starts Is Over Before The Shopping Starts

ZMOT : ZERO Moment Of Truth/Google* “You know what a ‘moment of truth’ is. It’s when a prospective customer decides either to take the next step in the purchase funnel, or to exit and seek other options. … But what is a ‘zero moment of truth’? Many behaviors can serve as a zero moment of truth, but what binds them together is that the purchase is being researched and considered before the prospect even enters the classic sales funnel … In its research, Google found that 84% of shoppers said the new mental model, ZMOT, shapes their decisions. …” —Jay Baer, Youtility: Why Smart Marketing Is About Help, Not Hype *See for ZMOT in booklength format

AutoNation: THE WORKS ! Using its digital store, ‘AutoNation Express,’ shoppers will be able to get final loan approvals and secure instant trade-in values on their current cars. Customers can even bypass the finance office altogether, buying add-ons like extended warranties and services contracts through the website. … Using its digital store, ‘AutoNation Express,’ shoppers will be able to get final loan approvals and secure instant trade-in values on their current cars. Customers can even bypass the finance office altogether, buying add-ons like extended warranties and services contracts through the website. … “The aim, AutoNation executives say, is to get buyers in and out the door in less than get buyers in and out the door in less than 30 minutes when they pick up their car up 30 minutes when they pick up their car up at the dealership.” at the dealership.” Source: Wall Street Journal/13 June 2015

(BIG) Data = (BIG) $$$ ! (BIG) $$$ !

“ Caesars’ Entertainment have bet their future on harvesting personal data rather than developing the fanciest properties.” —Adam Tanner, What Stays in Vegas: The World of Personal Data—Lifeblood of Big Business—and the End of Privacy as We Know it

Women BUY (Everything) !

“Forget CHINA, INDIA and the INTERNET: Economic Growth Is Driven by WOMEN.” Source: Headline, Economist

W > 2X (C + I)* *“Women now drive the global economy. Globally, they control about $20 trillion in consumer spending, and that figure could climb as high as $28 TRILLION in the next five years. Their $13 trillion in total yearly earnings could reach $18 trillion in the same period. In aggregate, women represent a growth market bigger than China and India combined— more than twice as big in fact. Given those numbers, it would be foolish to ignore or underestimate the female consumer. And yet many companies do just that—even ones that are confidant that they have a winning strategy when it comes to women. Consider Dell’s …” it comes to women. Consider Dell’s …” Source: Michael Silverstein and Kate Sayre, “The Female Economy,” HBR

$28,000, 000,000, 000.

“Women are THE majority market” —Fara Warner/The Power of the Purse

Women as Decision Makers/Various sources Home Furnishings … 94% Vacations … 92% (Adventure Travel … 70%/ $55B travel equipment) Houses … 91% D.I.Y. (major “home projects”) … 80% Consumer Electronics … 51% (66% home computers) Cars … 68% (influence 90% ) All consumer purchases … 83% * Bank Account … 89% Household investment decisions … 67% Small business loans/biz starts … 70% Health Care … 80% *In the USA women hold >50% managerial positions including >50% purchasing officer positions; hence women also make the majority of commercial purchasing decisions.

“The MOST SIGNIFICANT VARIABLE in EVERY sales situation is the GENDER of the buyer, and more importantly, how the salesperson communicates to the buyer’s gender.” “The MOST SIGNIFICANT VARIABLE in EVERY sales situation is the GENDER of the buyer, and more importantly, how the salesperson communicates to the buyer’s gender.” —Jeffery Tobias Halter, Selling to Men, Selling to Women

The Perfect Answer Jill and Jack buy slacks in black…

Sales/After-sales Process Sales/After-sales Process 1. Kick-off – Women 2. Research – Women 3. Purchase – 3. Purchase – Men 4. Ownership – Women 5. Word-of-mouth – Women Source: Martha Barletta, Marketing to Women: How to Increase Your Share of the World’s Largest Market

Men: Individual perspective. “Core unit is ‘me.’ ” Pride in self-reliance. Women: Group perspective. “Core unit is ‘we.’ ” Pride in team accomplishment. Source: Martha Barletta, Marketing to Women

Editorial/Men: Tables, rankings.* Editorial/Women: Narratives that cohere.* *Editor-in-Chief, Redwood Publications (UK)

Women:. Men:. Purchasing Patterns Women: Harder to convince; more loyal once convinced. Men: Snap decision; fickle. Source: Martha Barletta, Marketing to Women

2.6 vs. 21

WOMEN RULE !

“Research [by McKinsey & Co.] suggests that to succeed, start by promoting women.” —Nicholas Kristof, “Twitter, Women, and Power,” NYTimes “In my experience, women make much better executives than men.” —Kip Tindell, CEO, Container Store

“Women are rated higher in fully 12 of the 16 competencies that go into outstanding leadership. And two of the traits where women outscored men to the highest degree — taking initiative and driving for results — have long been thought of as particularly male strengths.” —Harvard Business Review/2014

For One ( BIG ) Thing … “McKinsey & Company found that the international companies with more women on their corporate boards far outperformed the average company in return on equity and other measures. Operating profit was … 56% higher.” Source: Nicholas Kristof, “Twitter, Women, and Power,” NYTimes,

“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 “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?” Selling Is a Woman’s Game: with others?” Source/from the back cover: Selling Is a Woman’s Game: 15 Powerful Reasons Why Women Can Outsell Men, Nicki Joy & Susan Kane-Benson 15 Powerful Reasons Why Women Can Outsell Men, Nicki Joy & Susan Kane-Benson

We (old farts like me) Got the $$$$$$ We (old farts like me) Got the $$$$$$

1/65/8/20 109,000,000 7/13 47X 1/65/8/20 109,000,000 7/13 47X

USA USA 1 BOOMER turns AGE 65 Every 8 SECONDS For the next 20 YEARS

USA >50: 109,000,000 Next 10 years: >50: +19,000, : +6,000,000

“PEOPLE TURNING 50 TODAY HAVE MORE THAN HALF OF THEIR ADULT LIFE AHEAD OF THEM.” “PEOPLE TURNING 50 TODAY HAVE MORE THAN HALF OF THEIR ADULT LIFE AHEAD OF THEM.” —Bill Novelli, 50+: IGNITING A REVOLUTION TO REINVENT AMERICA

Average # of cars purchased per (USA) household, “lifetime”: 13 Average # of cars bought per household after the “head of household” > age 50: 7 Source: Marti Barletta, PrimeTime Women

“In 2009, households headed by adults ages 65 and older... had 47 times as much net wealth as the typical household headed by someone under 35 years of age. In 1984, this had been a less lopsided 10-to-1 ratio.” Source: Pew Research/10.11

44-65: “NEW CUSTOMER MAJORITY” Source: Ageless Marketing, David Wolfe & Robert Snyder

“Baby-boomer Women: The Sweetest of Sweet Spots for Marketers” —David Wolfe and Robert Snyder, Ageless Marketing

>50 50% spending 10% marketing budgets

NO : “Target Marketing” YES : “Target Innovation” & “Target Delivery Systems”

The Ultimate Value Added Strategy

“What employees experience, Customers will. The best marketing is happy, engaged employees. YOUR CUSTOMERS WILL NEVER BE ANY HAPPIER THAN YOUR EMPLOYEES.” —John DiJulius, The Customer Service Revolution: Overthrow Conventional Business, Inspire Employees, and Change the World

“It may sound radical, unconventional, and bordering on being a crazy business idea. However— as ridiculous as it sounds—joy is the core belief of our workplace. Joy is the reason my company, Menlo Innovations, a customer software design and development firm in Ann Arbor, exists. It defines what we do and how we do it. It is the single shared belief of our entire team.” —Richard Sheridan, Joy, Inc.: How We Built a Workplace People Love

“The ultimate filter we use [in the hiring process] is that we only hire nice people. … When we finish assessing skills, we do something called ‘running the gauntlet.’ We have them interact with 15 or 20 people, and everyone of them have what I call a ‘blackball vote,’ which means they can say if we should not hire that person. I believe in culture so strongly and that one bad apple can spoil the bunch. There are enough really talented people out there who are nice, you don’t really need to put up with people who act like jerks.” —Peter Miller, CEO Optinose (pharmaceuticals)

LEADERSHIP (“SOME STUFF”)

MBWA 25

MBWA ( M anaging B y W andering A round)

“I’m always stopping by our stores— at least 25 a week. I’m also in other places: Home Depot, Whole Foods, Crate & Barrel. I try to be a sponge to pick up as much as I can.” —Howard Schultz Source: Fortune, “Secrets of Greatness”

IT’S ALWAYS SHOWTIME IT’S ALWAYS SHOWTIME —

“ IT’S ALWAYS SHOWTIME.” —David D’Alessandro, Career Warfare

“Nothing is so contagious as enthusiasm.” —Samuel Taylor Coleridge “I am a dispenser of enthusiasm.” —Ben Zander, symphony conductor and management guru

Acknowledgement !

“The deepest principle in human nature is the craving* to be appreciated.” —William James *“‘Craving,’ not ‘wish’ or ‘desire’ or ‘longing,’” per Dale Carnegie, How to Win Friends and Influence People (chapter, “The BIG Secret of Dealing With People”)

“The deepest urge in human nature is the desire to be important.” —John Dewey

“Employees who don't feel significant rarely make significant contributions.” —Mark Sanborn

CEO Doug Conant sent 30,000 handwritten ‘Thank you’ notes to employees during the 10 years [approx 10/day] he ran Campbell Soup. Source: Bloomberg BusinessWeek

AVOID MODERATION !

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. AVOID MODERATION! 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!

A PEERLESS ENTREPRENEURIAL/ GROWTH ADVENTURE PERFECTLY SUITED FOR THE TIMES. 10X BETTER THAN A GOOGLE JOB. (YOUR JOB #1: MENTOR, NOT “BIZ BOSS”)