Tom Peters The Talent 50 09.17.05. 1. People First!

169
Tom Peters’ The Talent 50 09.17.05

Transcript of Tom Peters The Talent 50 09.17.05. 1. People First!

Page 1: Tom Peters The Talent 50 09.17.05. 1. People First!

Tom Peters’

The

Talent50 09.17.05

Page 2: Tom Peters The Talent 50 09.17.05. 1. People First!

1. People First!

Page 3: Tom Peters The Talent 50 09.17.05. 1. People First!

“When land was the productive asset, nations

battled over it. The same is happening now for talented people.”

Stan Davis & Christopher Meyer, futureWEALTH

Page 4: Tom Peters The Talent 50 09.17.05. 1. People First!

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

Page 5: Tom Peters The Talent 50 09.17.05. 1. People First!

Whoops: Jack didn’t have a vision!*

*GE = “Talent Machine” (Ed Michaels)

Page 6: Tom Peters The Talent 50 09.17.05. 1. People First!

Headhunter “Excellence”? (CEO Performance vs S&P 500)

Korn Ferry/Tom Neff: +1.1%

Heidrick & Struggles/ Gerry Roche: -5.2%

Page 7: Tom Peters The Talent 50 09.17.05. 1. People First!

2. Soft Is Hard.

Page 8: Tom Peters The Talent 50 09.17.05. 1. People First!

3. FUNDAMENTAL PREMISE: We Are in an Age of Talent/Creativity/

Intellectual-capital Added.

Page 9: Tom Peters The Talent 50 09.17.05. 1. People First!

“Human creativity is the ultimate

economic resource.” —Richard Florida,

The Rise of the Creative Class

Page 10: Tom Peters The Talent 50 09.17.05. 1. People First!

Age of AgricultureIndustrial Age

Age of Information IntensificationAge of Creation Intensification

Source: Murikami Teruyasu, Nomura Research Institute

Page 11: Tom Peters The Talent 50 09.17.05. 1. People First!

Agriculture Age (farmers)

Industrial Age (factory workers)

Information Age (knowledge workers)

Conceptual Age (creators and empathizers)

Source: Dan Pink, A Whole New Mind

Page 12: Tom Peters The Talent 50 09.17.05. 1. People First!
Page 13: Tom Peters The Talent 50 09.17.05. 1. People First!

“The Dawn of the Creative Age”

“There’s a whole new class of workers in the U.S. that’s 38-million strong: the creative class. At its core are the scientists, engineers, architects, designers, educators, artists, musicians

and entertainers whose economic function is to create new ideas, new technology, or new content. Also included are the creative professions of business and finance, law, healthcare

and related fields, in which knowledge workers engage in complex problem solving that involves a great deal of

independent judgment. Today the creative sector of the U.S. economy, broadly defined, employs more than 30% of the

workforce (more than all of manufacturing) and accounts for more than half of all wage and salary income (some $2 trillion)—almost as much as the manufacturing and service sectors

together. Indeed, the United States has now entered what I call the Creative Age.” —“America’s Looming Creativity Crisis”/ Richard

Florida/ HBR/10.04

Page 14: Tom Peters The Talent 50 09.17.05. 1. People First!

U.S. Patent Office/Patents Granted

1985 1998

Venezuela 15 …………… 29Argentina 12 …………… 46Mexico 35 …………... 77Brazil 30 …………… 88South Korea 50 …………… 3,362

Source: Juan Enriquez/As the Future Catches You

Page 15: Tom Peters The Talent 50 09.17.05. 1. People First!

“My wife and I went to a [kindergarten] parent-teacher conference and were informed that our budding

refrigerator artist, Christopher, would be receiving a grade of Unsatisfactory in art. We were shocked. How could any child—let alone our child—receive a poor

grade in art at such a young age? His teacher informed us that he had refused to color within the lines, which was a

state requirement for demonstrating ‘grade-level motor

skills.’ ” —Jordan Ayan, AHA!

Page 16: Tom Peters The Talent 50 09.17.05. 1. People First!

15 “Leading” Biz Schools

Design/Core: 0Design/Elective: 1

Creativity/Core: 0Creativity/Elective: 4

Innovation/Core: 0Innovation/Elective: 6

Source: DMI/Summer 2002Research by Thomas Lockwood

Page 17: Tom Peters The Talent 50 09.17.05. 1. People First!

4. Talent “Excellence” in

Every Part of the Organization.

Page 18: Tom Peters The Talent 50 09.17.05. 1. People First!

Wegman’s: #1/100 Best Companies to Work for

84%: Grocery stores “are all alike”46%: additional spend if customers have an “emotional

connection” to a grocery store rather than “are satisfied” (Gallup)

“Going to Wegman’s is not just shopping, it’s an event.” —Christopher Hoyt, grocery consultant

“You cannot separate their strategy as a retailer from their strategy as an

employer.” —Darrell Rigby, Bain & Co.

Page 19: Tom Peters The Talent 50 09.17.05. 1. People First!

5. P.O.T./ Pursuit Of Talent =

OBSESSION.

Page 20: Tom Peters The Talent 50 09.17.05. 1. People First!

“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 21: Tom Peters The Talent 50 09.17.05. 1. People First!

PARC’s Bob Taylor:

“Connoisseur of Talent ”

Page 22: Tom Peters The Talent 50 09.17.05. 1. People First!

Les Wexner: From sweaters to

people!

Page 23: Tom Peters The Talent 50 09.17.05. 1. People First!

6. Talent Masters Understand Talent’s

Intangibles.

Page 24: Tom Peters The Talent 50 09.17.05. 1. People First!

Visibly energetic/ Passionate/ Enthusiastic … about everything.

Engaging/ Inspires others. (Inspires the interviewer!)

Loves messes & pressure. Impatient/ Action fanatic.

A finisher.Exhibits: Fat “WOW Project” Portfolio. (Loves to talk about her work.)

Smart.Curious/ Eclectic interests/ A little (or more) weird.Well-developed sense of humor/ Fun to be around.

******

No. 1 re bosses: Exceptional talent selection & development record. (Former co-workers: “Did you visibly grow while

working with X?” / “How has the department/team grown on a ‘world-class’ scale during X’s tenure?”)

Page 25: Tom Peters The Talent 50 09.17.05. 1. People First!

Q: “If it were your $50K [life’s savings] and my

$50K, what sort of Waiters would we look for?”

A: “Enthusiasts!”

Page 26: Tom Peters The Talent 50 09.17.05. 1. People First!

7. HR Is “Cool.”

Page 27: Tom Peters The Talent 50 09.17.05. 1. People First!

Chicago:HRMAC

Page 28: Tom Peters The Talent 50 09.17.05. 1. People First!

“support function” / “cost center” / “bureaucratic

drag”

or …

Page 29: Tom Peters The Talent 50 09.17.05. 1. People First!

Are you “Rock Stars of the

Age of Talent”

Page 30: Tom Peters The Talent 50 09.17.05. 1. People First!

“HR doesn’t tend to hire a lot of

independent thinkers or people who stand up as moral compasses.” —Garold

Markle, former Shell Offshore HR Exec (FC/08.05)

Page 31: Tom Peters The Talent 50 09.17.05. 1. People First!

8. HR Sits at The Head

Table.

Page 32: Tom Peters The Talent 50 09.17.05. 1. People First!

DD$21M

Page 33: Tom Peters The Talent 50 09.17.05. 1. People First!

9. Re-name “HR.”

Page 34: Tom Peters The Talent 50 09.17.05. 1. People First!

Talent Department

Page 35: Tom Peters The Talent 50 09.17.05. 1. People First!

People Department

Center for Talent Excellence

Seriously Cool People Who Recruit & Develop Seriously Cool People

Etc.

Page 36: Tom Peters The Talent 50 09.17.05. 1. People First!

“H.R.” to “H.E.D.” ???

Human

Enablement

Department

Page 37: Tom Peters The Talent 50 09.17.05. 1. People First!

10. There Is an “HR Strategy”/

“HR Vision”

Page 38: Tom Peters The Talent 50 09.17.05. 1. People First!

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 39: Tom Peters The Talent 50 09.17.05. 1. People First!

“Omnicom very simply is about talent. It’s about

the acquisition of talent, providing the

atmosphere so talent is attracted to it.” —John Wren

Page 40: Tom Peters The Talent 50 09.17.05. 1. People First!

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 41: Tom Peters The Talent 50 09.17.05. 1. People First!

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

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

Page 42: Tom Peters The Talent 50 09.17.05. 1. People First!

11. Acquire for Talent!

Page 43: Tom Peters The Talent 50 09.17.05. 1. People First!

Omnicom's acquisitions: “not for

size per se”; “buying talent;” “deepen a

relationship with a client.”

Source: Advertising Age

Page 44: Tom Peters The Talent 50 09.17.05. 1. People First!

12. There Is a FORMAL

Recruitment Strategy.

Page 45: Tom Peters The Talent 50 09.17.05. 1. People First!

Cirque du Soleil!

Page 46: Tom Peters The Talent 50 09.17.05. 1. People First!

Cirque du Soleil: Talent (12 full-

time scouts, database of 20,000). R&D (40% of profits; 2X avg corp). Controls (shows are

profit centers; partners like Disney offset costs; $100M on

$500M). Scarcity builds buzz/brand (1 new show per year. “People tell me we’re leaving money on the table by not

duplicating our shows. They’re right.” —Daniel Lamarre, president).

Source: “The Phantasmagoria Factory”/Business 2.0/1-2.2004

Page 47: Tom Peters The Talent 50 09.17.05. 1. People First!

13. There Is a FORMAL Leadership

Development Strategy.

Page 48: Tom Peters The Talent 50 09.17.05. 1. People First!

14. There is a “World Class” Leadership

Development CENTER.

Page 49: Tom Peters The Talent 50 09.17.05. 1. People First!

Crotonville!*

*No B-schools!

Page 50: Tom Peters The Talent 50 09.17.05. 1. People First!

DD: 0 to 60mph in a flash (months)

Page 51: Tom Peters The Talent 50 09.17.05. 1. People First!

Getting to WOW Through Mastery of …

The Sales25.[PPT is here.]

Page 52: Tom Peters The Talent 50 09.17.05. 1. People First!

Getting Things Done: The

Power &

Implementation34.[PPT is here.]

Page 53: Tom Peters The Talent 50 09.17.05. 1. People First!

Presentation Excellence: The

PresX56[PPT is here.]

Page 54: Tom Peters The Talent 50 09.17.05. 1. People First!

The Interviewing Excellence: The

IntX31[PPT is here.]

Page 55: Tom Peters The Talent 50 09.17.05. 1. People First!

15. There Is a FORMAL

STRATEGIC HR Review Process.

Page 56: Tom Peters The Talent 50 09.17.05. 1. People First!

16. The “Top100,” and Every Unit’s Top10, Are

Consciously Managed.

Page 57: Tom Peters The Talent 50 09.17.05. 1. People First!

“In most companies, the Talent Review Process is a farce. At GE, Jack Welch and his two top HR people

visit each division for a day. They review the top 20 to 50 people by name. They talk about Talent Pool

strengthening issues. The Talent Review Process is a contact sport at

GE; it has the intensity and the importance of the budget

process at most companies.” —Ed Michaels

Page 58: Tom Peters The Talent 50 09.17.05. 1. People First!

17. “People”/ Talent” Reviews

Are the FIRST Reviews.

Page 59: Tom Peters The Talent 50 09.17.05. 1. People First!

18. HR Strategy = BUSINESS Strategy.

Page 60: Tom Peters The Talent 50 09.17.05. 1. People First!

19. Make it a “Cause Worth

Signing Up For.”

Page 61: Tom Peters The Talent 50 09.17.05. 1. People First!

G.H.: “Create a

‘cause,’ not a

‘business.’ ”

Page 62: Tom Peters The Talent 50 09.17.05. 1. People First!

20. Unleash “Their” Full Potential!

Page 63: Tom Peters The Talent 50 09.17.05. 1. People First!

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 64: Tom Peters The Talent 50 09.17.05. 1. People First!

Yes!!!!!!!!!!!!!!!!!

“free to do his or her absolute best” …

“allow its members to discover their

greatness.”

Page 65: Tom Peters The Talent 50 09.17.05. 1. People First!

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

will provide opportunities to enable the employee to develop

identity and adaptability and

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

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

Page 66: Tom Peters The Talent 50 09.17.05. 1. People First!

RE/MAX: A “Life Success

Company”Source: Everybody Wins, Phil Harkins & Keith Hollihan

Page 67: Tom Peters The Talent 50 09.17.05. 1. People First!

“Agent-centric”: “You’re not in the real estate business anymore; you’re in the

real estate agent business!”

Source: Everybody Wins, Phil Harkins & Keith Hollihan

Page 68: Tom Peters The Talent 50 09.17.05. 1. People First!

Ye gads: “Thomas Stanley has not only found no correlation between success in school and an ability to accumulate wealth, he’s actually

found a negative correlation. ‘It seems that school-related evaluations are poor predictors of economic

success,’ Stanley concluded. What did predict success was a willingness to take risks. Yet the success-failure standards of most schools penalized risk takers. Most educational systems reward those who play it safe. As a result, those who do well in

school find it hard to take risks later on.”

Richard Farson & Ralph Keyes, Whoever Makes the Most Mistakes Wins

Page 69: Tom Peters The Talent 50 09.17.05. 1. People First!

21. Set Sky High

Standards.

Page 70: Tom Peters The Talent 50 09.17.05. 1. People First!

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 71: Tom Peters The Talent 50 09.17.05. 1. People First!

22. Enlist Everyone in Challenge Century21.

Page 72: Tom Peters The Talent 50 09.17.05. 1. People First!

“If there is nothing very special about your work,

no matter how hard you apply yourself you won’t get noticed,

and that increasingly means you won’t get paid much either.”

Michael Goldhaber, Wired

Page 73: Tom Peters The Talent 50 09.17.05. 1. People First!

Distinct …

or … Extinct

Page 74: Tom Peters The Talent 50 09.17.05. 1. People First!

New Work SurvivalKit.2005

1. Mastery! (Best/Absurdly Good at Something!)2. “Manage” to Legacy (All Work = “Memorable”/“Braggable” WOW Projects!)3. A “USP”/Unique Selling Proposition (R.POV8: Remarkable Point of View … captured in 8 or less words) 4. Rolodex Obsession (From vertical/hierarchy/“suck up” loyalty to horizontal/“colleague”/“mate” loyalty)5. Entrepreneurial Instinct (A sleepless … Eye for Opportunity! E.g.: Small Opp for Independent Action beats faceless part of Monster Project)6. CEO/Leader/Businessperson/Closer (CEO, Me Inc. Period! 24/7!)7. Master of Improv (Play a dozen parts simultaneously, from Chief Strategist to Chief Toilet Scrubber)8. Sense of Humor (A willingness to Screw Up & Move On)9. Comfortable with Your Skin (Bring “interesting you” to work!)10. Intense Appetite for Technology (E.g.: How Cool-Active is your Web site? Do you Blog?)11. Embrace “Marketing” (Your own CSO/Chief Storytelling Officer)12. Passion for Renewal (Your own CLO/Chief Learning Officer) 13. Execution Excellence! (Show up on time! Leave last!)

Page 75: Tom Peters The Talent 50 09.17.05. 1. People First!

23. Pursue the Best!

Page 76: Tom Peters The Talent 50 09.17.05. 1. People First!

“Differentiation is all about being extreme, rewarding the

best and weeding out the ineffective. … You build strong teams by treating individuals

differently. Just look at the way baseball teams pay 20-game winning pitchers and 40-plus

homerun hitters.” —Jack Welch

Page 77: Tom Peters The Talent 50 09.17.05. 1. People First!

“best person in the world” —

Arthur Blank

Page 78: Tom Peters The Talent 50 09.17.05. 1. People First!

Did We Say “Talent Matters”?

“The top software developers are more productive than average software

developers not by a factor of 10X or 100X, or even 1,000X,

but 10,000X.”

—Nathan Myhrvold, former Chief Scientist, Microsoft

Page 79: Tom Peters The Talent 50 09.17.05. 1. People First!

“THE HEART OF CELERA … IS THE WORLD’S LARGEST PRIVATE SUPERCOMPUTER …

FED 24 HOURS A DAY … BY SEQUENCING ROBOTS … AND CREATED-PROGRAMMED-

CONTROLLED … BY A DOZEN GREAT MINDS.”

Source: Juan Enriquez/As the Future Catches You

Page 80: Tom Peters The Talent 50 09.17.05. 1. People First!

24. Up or Out.

Page 81: Tom Peters The Talent 50 09.17.05. 1. People First!

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

Pacific changed 20 of his 40 box plant managers to put more talented, higher paid

managers in charge. He increased profitability from $25 million to $80 million in 2 years.”

Ed Michaels, War for Talent

Page 82: Tom Peters The Talent 50 09.17.05. 1. People First!

25. Ensure that the Review

Process Has INTEGRITY.

Page 83: Tom Peters The Talent 50 09.17.05. 1. People First!

25 = 100** “But what do I do that’s more important than developing

people? I don’t do the damn work. They do.”

Page 84: Tom Peters The Talent 50 09.17.05. 1. People First!

26. Pay Up!

Page 85: Tom Peters The Talent 50 09.17.05. 1. People First!

“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 86: Tom Peters The Talent 50 09.17.05. 1. People First!

Costco

*$17/hour (42% above Sam’s); very good health

plan; low t/o, low shrinkage*Low margins (“When I started, Sears, Roebuck was the Costco of the country, but they allowed someone to come in under them”—Jim Sinegal)

Source: “How Costco Became the Anti-Wal*Mart/NYT/07.17.05

Page 87: Tom Peters The Talent 50 09.17.05. 1. People First!

27. Training I: Train! Train!

Train!

Page 88: Tom Peters The Talent 50 09.17.05. 1. People First!

26.3

Page 89: Tom Peters The Talent 50 09.17.05. 1. People First!

3 Weeks in May

“Training” & Prep: 187“Work”: 41

(“Other”: 17)

Page 90: Tom Peters The Talent 50 09.17.05. 1. People First!

1% vs.

367%

Page 91: Tom Peters The Talent 50 09.17.05. 1. People First!

Divas do it. Violinists do it. Sprinters do it. Golfers do it.

Pilots do it. Soldiers do it. Surgeons do it. Cops do it.

Astronauts do it. Why don’t businesspeople do it?

Page 92: Tom Peters The Talent 50 09.17.05. 1. People First!

“Knowledge becomes obsolete incredibly fast. The

continuing professional education of adults is the

No. 1 industry in the next 30 years … mostly on line.”

Peter Drucker, Business 2.0

Page 93: Tom Peters The Talent 50 09.17.05. 1. People First!

Edward Jones’ Training Machine*

146 hours/employee/yearNew hires: 4X avg.

3.8% of payroll

* #1, “The 100 Best Companies To Work For”/Fortune/01.2003

Page 94: Tom Peters The Talent 50 09.17.05. 1. People First!

28. Training II: 100% “Business

People.”

Page 95: Tom Peters The Talent 50 09.17.05. 1. People First!

29. Training III: 100%

LEADERS.

Page 96: Tom Peters The Talent 50 09.17.05. 1. People First!

“I start with the premise that the

function of leadership is to produce more leaders, not more

followers.” —Ralph Nader

Page 97: Tom Peters The Talent 50 09.17.05. 1. People First!

30. Training IV: Boss as Trainer-

in-Chief.

Page 98: Tom Peters The Talent 50 09.17.05. 1. People First!

Workout = 24 DPY in the Classroom

Page 99: Tom Peters The Talent 50 09.17.05. 1. People First!

31. Open Communication: NO BARRIERS.

Page 100: Tom Peters The Talent 50 09.17.05. 1. People First!

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

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

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

René Tissen, Zero Space: Moving Beyond Organizational Limits.

Page 101: Tom Peters The Talent 50 09.17.05. 1. People First!

32. Respect!

Page 102: Tom Peters The Talent 50 09.17.05. 1. People First!

“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 103: Tom Peters The Talent 50 09.17.05. 1. People First!

“What creates trust, in the end, is

the leader’s manifest respect

for the followers.” —

Jim O’Toole, Leading Change

Page 104: Tom Peters The Talent 50 09.17.05. 1. People First!

33. Embrace the Whole Individual.

Page 105: Tom Peters The Talent 50 09.17.05. 1. People First!

34. Build Places of “Grace.”

Page 106: Tom Peters The Talent 50 09.17.05. 1. People First!

“My favorite word is grace –

whether it’s amazing grace,

saving grace, grace under

fire, Grace Kelly. How we live contributes to beauty – whether it’s how we treat other people or the environment.”—Celeste Cooper, designer

Page 107: Tom Peters The Talent 50 09.17.05. 1. People First!

Rodale’s on “Grace” …

elegance … charm … loveliness … poetry in motion … kindliness ..

benevolence … benefaction … compassion … beauty

Page 108: Tom Peters The Talent 50 09.17.05. 1. People First!

35. MBWA*: Visible

Leadership!

*Managing By Wandering Around

Page 109: Tom Peters The Talent 50 09.17.05. 1. People First!

“The first and greatest imperative of command

is to be present in person. Those who

impose risk must be seen to share it.” —John Keegan,

The Mask of Command

Page 110: Tom Peters The Talent 50 09.17.05. 1. People First!

36. Thank You!

Page 111: Tom Peters The Talent 50 09.17.05. 1. People First!

“The deepest human need

is the need to be appreciated.”

William James

Page 112: Tom Peters The Talent 50 09.17.05. 1. People First!

37. Promote for “people skills.” (THE REST IS

DETAILS.)

Page 113: Tom Peters The Talent 50 09.17.05. 1. People First!

33 Division Titles. 26 League Pennants. 14

World Series: Earl Weaver—0. Tom Kelly—0. Jim Leyland—0.

Walter Alston—1AB. Tony LaRussa—132 games, 6 seasons. Tommy Lasorda—P, 26 games. Sparky

Anderson—1 season.

Page 114: Tom Peters The Talent 50 09.17.05. 1. People First!

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

enthusiasm for execution. Does she talk about the thrill of getting things done, the obstacles overcome, the role her people played —or does she

keep wandering back to strategy or philosophy?”

—Larry Bossidy, Honeywell/AlliedSignal, in Execution

Page 115: Tom Peters The Talent 50 09.17.05. 1. People First!

38. Honor Youth.

Page 116: Tom Peters The Talent 50 09.17.05. 1. People First!

“Why focus on these late teens and twenty-

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

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

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

to be led by the young.”

The Economist

Page 117: Tom Peters The Talent 50 09.17.05. 1. People First!

39. Provide Early Leadership

Assignments.

Page 118: Tom Peters The Talent 50 09.17.05. 1. People First!

The

WOW!

Project.

Page 119: Tom Peters The Talent 50 09.17.05. 1. People First!

“Think BIG … Think DIFFERENT … Think COOL” … “Appropriate

‘benchmark’: earn a place in the history books … be able to say to your grandson/daughter, ’I

was project manager of the Big Dig’” —TP/Bentley magazine

Page 120: Tom Peters The Talent 50 09.17.05. 1. People First!

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 121: Tom Peters The Talent 50 09.17.05. 1. People First!

The Project 50

Page 122: Tom Peters The Talent 50 09.17.05. 1. People First!

Create Sell Implement Exit

Traditional 10% 0% 90% 0%Emphasis

Our View 30% 30% 30% 10%

Page 123: Tom Peters The Talent 50 09.17.05. 1. People First!

40. Create a FORMAL System

of Mentoring.

Page 124: Tom Peters The Talent 50 09.17.05. 1. People First!

W. L. GoreQuad/Graphics

Page 125: Tom Peters The Talent 50 09.17.05. 1. People First!

41. Diversity!

Page 126: Tom Peters The Talent 50 09.17.05. 1. People First!

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

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

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

Mixing is the new norm. Mixing trumps isolation. It spawns creativity, nourishes the human spirit, spurs

economic growth and empowers nations.”

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

Page 127: Tom Peters The Talent 50 09.17.05. 1. People First!

CM Prof Richard Florida on

“Creative Capital”: “You cannot get a technologically

innovative place unless it’s open to weirdness,

eccentricity and difference.”

Source: New York Times/06.01.2002

Page 128: Tom Peters The Talent 50 09.17.05. 1. People First!

“Where do good new ideas come from? That’s simple! From

differences. Creativity comes from unlikely juxtapositions.

The best way to maximize differences is to mix ages, cultures and

disciplines.”

Nicholas Negroponte

Page 129: Tom Peters The Talent 50 09.17.05. 1. People First!

Duh!

“We want our associate population to mirror our customer population at every

level, from the executive suite all the way to the retail floor. In the marketplace, basically what I want to do is draw a concentric circle around every one

of our 2,300 stores, and I want the assortment in that store to match the ethnicity of the neighborhood it’s in. Some neighborhoods are all Hispanic, so we can put in a full Hispanic format. That’s what Super Saver is. All

the signage is in both languages. There’s a 100 percent Spanish-speaking staff in the store.” —Larry Johnston, CEO,

Albertsons

Page 130: Tom Peters The Talent 50 09.17.05. 1. People First!

42. WOMEN RULE.*

*Duh.

Page 131: Tom Peters The Talent 50 09.17.05. 1. People First!

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

outshine their male counterparts in almost

every measure”Title, Special Report, Business Week

Page 132: Tom Peters The Talent 50 09.17.05. 1. People First!

“American women possess leadership abilities that are particularly effective in today’s organizations, yet their abilities remain undervalued and underutilized. In the future, what will distinguish one

organization and one country from another will be its use of human

resources. Today human resource utilization is not only a matter of social

justice but a bottom-line issue.”

Judy Rosener, America’s Competitive Secret

Page 133: Tom Peters The Talent 50 09.17.05. 1. People First!

Women’s Strengths Match New Economy Imperatives: Link [rather than rank] workers;

favor interactive-collaborative leadership style [empowerment beats top-down decision making]; sustain fruitful collaborations; comfortable with sharing information; see redistribution of power

as victory, not surrender; favor multi-dimensional feedback; value technical & interpersonal skills, individual & group contributions equally; readily accept ambiguity; honor intuition as well as pure

“rationality”; inherently flexible; appreciate cultural diversity.

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

Page 134: Tom Peters The Talent 50 09.17.05. 1. People First!

63 of 2,500 top earners in F500

8% Big 5 partners

14% partners at top 250 law firms

43% new med students; 26% med

faculty; 7% deans

Source: Susan Estrich, Sex and Power

Page 135: Tom Peters The Talent 50 09.17.05. 1. People First!

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

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

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

Peak Partic. Age 45 22 27 19

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

Source: Judy Rosener, America’s Competitive Secret

Page 136: Tom Peters The Talent 50 09.17.05. 1. People First!

“Deloitte was doing a great job of hiring high-performing women; in fact, women often earned

higher performance ratings than men in their first years with the firm. Yet the percentage of women

decreased with step up the career ladder. … Most women weren’t leaving to raise families; they had weighed their options in Deloitte’s male-dominated culture and found them wanting.

Many, dissatisfied with a culture they perceived as endemic to professional service firms, switched

professions.”

Douglas McCracken, “Winning the Talent War for Women” [HBR]

Page 137: Tom Peters The Talent 50 09.17.05. 1. People First!

“The process of assigning plum accounts was largely unexamined. …

Male partners made assumptions: ‘I wouldn’t put her on that kind of

company because it’s a tough manufacturing environment.’ ‘That

client is difficult to deal with.’ ‘Travel puts too much pressure on women.’ ”

Douglas McCracken, “Winning the Talent War for Women” [HBR]

Page 138: Tom Peters The Talent 50 09.17.05. 1. People First!

Goldsmith College research (UK): Gender stereotypes re-enforced. Men who extol successes rewarded, women not. Men

who face interviewer head on upgraded; women who look at floor or use sidelong

glances do better. Women who nod repeatedly do better, not men. Men who

give long answers score well, women who give short answers do well. (College grads

seeking jobs; HR interviewers—2 M, 2F.)

Source: The Observer/ London

Page 139: Tom Peters The Talent 50 09.17.05. 1. People First!

The Core Argument

1. We are in a War for Talent.2. The war will intensify.3. Women are under-represented in our leadership ranks.4. Women and men are different.5. Women’s strengths match the New Economy’s leadership needs—to a striking degree.6. Women are also the principal purchasers of goods and services—retail and commercial.7. Ergo, women are a large part of “the answer” to the War for Talent issue/opportunity.

Page 140: Tom Peters The Talent 50 09.17.05. 1. People First!

43. Hire (& Protect!) Weird!

Page 141: Tom Peters The Talent 50 09.17.05. 1. People First!

“Are there enough weird people in

the lab these days?”V. Chmn., pharmaceutical house, to a lab director

Page 142: Tom Peters The Talent 50 09.17.05. 1. People First!

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 143: Tom Peters The Talent 50 09.17.05. 1. People First!

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

market ever created. What starts out weird and dangerous

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

out there.”

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

Page 144: Tom Peters The Talent 50 09.17.05. 1. People First!

Saviors-in-Waiting

Disgruntled CustomersOff-the-Scope Competitors

Rogue EmployeesFringe Suppliers

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

Page 145: Tom Peters The Talent 50 09.17.05. 1. People First!

Why Do I love Freaks?

(1) Because when Anything Interesting happens … it was a freak who did it. (Period.) (2) Freaks are fun. (Freaks are also a pain.) (Freaks are never boring.) (3) We need freaks. Especially in freaky times. (Hint: These are freaky times, for you & me & the CIA & the Army & Avon.) (4) A critical mass of freaks-in-our-midst automatically make us-who-are-not-so-freaky at least somewhat more freaky. (Which is a Good Thing in freaky times—see immediately above.) (5) Freaks are the only (ONLY) ones who succeed—as in, make it into the history books. (6) Freaks keep us from falling into ruts. (If we listen to them.) (We seldom listen to them.) (Which is why most of us—and our organizations—are in ruts. Make that chasms.)

Page 146: Tom Peters The Talent 50 09.17.05. 1. People First!

44. Cherish Boldness!

Page 147: Tom Peters The Talent 50 09.17.05. 1. People First!

No Wiggle Room!

“Incrementalism is innovation’s worst enemy.”

Nicholas Negroponte

Page 148: Tom Peters The Talent 50 09.17.05. 1. People First!

45. We Are All Unique.

Page 149: Tom Peters The Talent 50 09.17.05. 1. People First!

Beware Standardized Evals: One size NEVER fits all. One size fits

one. Period.

Page 150: Tom Peters The Talent 50 09.17.05. 1. People First!

48 Players = 48 Projects =

48 different success measures.

Page 151: Tom Peters The Talent 50 09.17.05. 1. People First!

46. Bosses “Win People

Over.”

Page 152: Tom Peters The Talent 50 09.17.05. 1. People First!

WHAT AN IDIOT: “Instead of employees being in the driver’s

seat, now we’re in the driver’s seat.”

Page 153: Tom Peters The Talent 50 09.17.05. 1. People First!

PJ: “Coaching is winning

players over.”

Page 154: Tom Peters The Talent 50 09.17.05. 1. People First!

47. GOAL: Voyages of

Mutual Discovery.

Page 155: Tom Peters The Talent 50 09.17.05. 1. People First!

I am inalterably opposed to “organization change,”

“empowerment,” “motivation.” The goal: to awaken the latent talent

already within, by providing opportunities worthy of the

individual’s investment of her or his most precious resources …

time and emotional commitment.

Page 156: Tom Peters The Talent 50 09.17.05. 1. People First!

Leaders (Teachers) Do Not “Transform People”!

Instead leaders (1) provide a context which is marked by (2) access to a luxuriant portfolio of meaningful

opportunities (projects) which (3) allow people to fully (and safely, mostly—caveat: “they” don’t engage unless they’re

“mad about something”) express their innate curiosity and (4) engage in a vigorous discovery voyage (alone and in small teams, assisted by an extensive self-constructed

network) by which those people (5) go to-create places they (and their mentors-teachers-leaders) had

never dreamed existed—and then the leaders (6) applaud like hell and stage “photo-ops” to

commemorate the bravery of their “followers’ ” explorations!

Page 157: Tom Peters The Talent 50 09.17.05. 1. People First!

48. Foster Independence.

Page 158: Tom Peters The Talent 50 09.17.05. 1. People First!

“You must realize that how you invest your human capital matters as much as how you invest your

financial capital. Its rate of return determines your future options. Take a job for what it teaches you,

not for what it pays. Instead of a potential employer asking, ‘Where do you see yourself in 5 years?’ you’ll ask, ‘If I invest my mental assets

with you for 5 years, how much will they appreciate? How much will my portfolio of

career options grow?’ ”

Stan Davis & Christopher Meyer, futureWEALTH

Page 159: Tom Peters The Talent 50 09.17.05. 1. People First!

THE rise up and flee your cubicle STREET JOURNAL

Adventures in Capitalism

Page 160: Tom Peters The Talent 50 09.17.05. 1. People First!

THE I work for a company called

Me STREET JOURNAL

Adventures in Capitalism

Page 161: Tom Peters The Talent 50 09.17.05. 1. People First!

Thriving in 24/7 (Sally Helgesen)

START AT THE CORE. Nimbleness only possible if we “locate our inner voice,” take regular inventory of

where we are.

LEARN TO ZIGZAG. Think “gigs.” Think lifelong learning. Forget “old loyalty.” Work on optimism.

CREATE OUR OWN WORK. Articulate your value. Integrate your passions. I.D. your market. Run your

own business.

WEAVE A STRONG WEB OF INCLUSION. Build your own support network. Master the art of “looking

people up.”

Page 162: Tom Peters The Talent 50 09.17.05. 1. People First!

49. Enthusiasm!

Page 163: Tom Peters The Talent 50 09.17.05. 1. People First!

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

Page 164: Tom Peters The Talent 50 09.17.05. 1. People First!

“A leader is a dealer in hope.”

Napoleon

Page 165: Tom Peters The Talent 50 09.17.05. 1. People First!

New Economy Biz Degree Programs

MBA (Master of Business Administration) MMM1 (Master of Metaphysical Management)

MMM2 (Master of Metabolic Management)

MGLF (Master of Great Leaps Forward)

MTD (Master of Talent Development)

W/MwGTDw/oC (Woman/Man Who Gets Things Done without Certificate)

DE (Doctor of Enthusiasm)

Page 166: Tom Peters The Talent 50 09.17.05. 1. People First!

50. Talent = Brand.

Page 167: Tom Peters The Talent 50 09.17.05. 1. People First!

The Top 5 “Revelations”

Better talent wins.

Talent management is my job as leader.

Talented leaders are looking for the moon and stars.

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

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

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

Page 168: Tom Peters The Talent 50 09.17.05. 1. People First!

Brand = Talent.

Page 169: Tom Peters The Talent 50 09.17.05. 1. People First!

!