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1、Step Out Or Get Stepped On!Tom Peters/11.01.2004Step Out Or Get Stepped On!“The decline of brands doesnt mean that making a better gizmo no longer mattersoffering genuinely innovative products is, more than ever, the best way to capture market share. But savvy consumers are no longer wiling to pay a

2、 high premium for an otherwise identical product because it has a fancy nameplate.” James Suroweicki/Wired/11.04“A focus on cost-cutting and efficiency has helped many organizations weather the downturn, but this approach will ultimately render them obsolete. Only the constant pursuit of innovation

3、can ensure long-term success.” Daniel Muzyka, Dean, Sauder School of Business, Univ of British Columbia (FT/09.17.04)Mr. Jeffersons “Moonstruck Mind”“the wildest chimera of a moonstruck mind” The Federalist on Jeffersons Louisiana PurchaseNiels Bohr to Wolfgang Pauli: “We all agree your theory is cr

4、azy. The question, which divides us, is whether it is crazy enough.”Context: A Sorry RecordForbes100 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 19

5、87.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 MarketBUILT TO DETERIORATE! “When it comes

6、to investing, I am old school. Buy a good stock, stick it in the drawer and when you check back years later the stock should be worth more. Theres only one problem. When I checked the drawer recently it was full of clunkers, including Lucent, down 94 percent from its 1999 high. Maybe once upon a tim

7、e buy and hold was a viable strategy. Today, it no longer makes sense.”Charles Stein/ “Investment Strategies Must Shift with Realities”/Boston Globe/10.10.04A sample of Steins “Blue Chip-turned-clunker” examples: Fannie Mae (featured in Collins Good to Great). Coke. (“Clunker,” make that “Stinker.”)

8、 Merck. (The mightiest fallstock down 63 percent since 2000; tumble preceded Vioxx) Uh Microsoft. (“Microsofts stock price is no higher today than it was in 1998.”) “It is not clear there is such a thing as a Blue Chip,” Shawn Kravetz, president of Boston-based hedge fund Esplanade Capital, told Ste

9、in. “Kravetzs point is a serious one,” Stein continues. “Greatness is not permanent. This process of creative destruction isnt new. But with the world moving ever faster, and with competition on steroids, the quaint notion of buying and holding is hopelessly out of step.”“Good management was the mos

10、t powerful reason leading firms failed to stay atop their industries. Precisely because these firms listened to their customers, invested aggressively in technologies that would provide their customers more and better products of the sort they wanted, and because they carefully studied market trends

11、 and systematically allocated investment capital to innovations that promised the best returns, they lost their positions of leadership.”Clayton Christensen, The Innovators DilemmaNormal = Nothing“The surplus society has a surplus of similar companies, employing similar people, with similar educatio

12、nal backgrounds, coming up with similar ideas, producing similar things, with similar prices and similar quality.”Kjell Nordstrm and Jonas Ridderstrle, Funky BusinessFunky Business: “To succeed we must stop being so goddamn normal. In a winner-takes-all world, normal = nothing.”“When we did it “When

13、 we did it right it was right it was still pretty still pretty ordinary.”ordinary.”Barry Gibbons on “Nightmare No. 1”“While everything may be better, it is also increasingly the same.”P(pán)aul Goldberger on retail, “The Sameness of Things,” The New York Times“Brands have run “Brands have run out of juic

14、e. Theyre out of juice. Theyre dead.” dead.” Kevin Roberts/Saatchi & SaatchiBiz “Strategy” Rule #1 Dont even think about competing with Wal*Mart on price or China on cost!Beyond Compare!“You do not merely want to be “You do not merely want to be the best of the best.the best of the best. You You

15、 want to be want to be considered the considered the only ones who do only ones who do what you do.”what you do.”Jerry Garcia“A great company“A great company is defined by the is defined by the fact that itfact that it is not compared is not compared to its peers.” to its peers.”P(pán)hil Purcell, Morgan

16、 Stanley“Success means never Success means never letting the competition letting the competition define youdefine you. . Instead you Instead you have to define yourself based on have to define yourself based on a point of view you care deeply a point of view you care deeply about.”about.” Tom Chappe

17、ll, Toms of Maine“ “Lets make a Lets make a dent in the dent in the universeuniverse.”.” Steve JobsRichard Bransons stated hurdles for any new Virgin product or service: best quality, good value, innovative, challenge existing alternatives, sense of fun or cheekinessSir Richards Rules:Follow your pa

18、ssions.Keep it simple.Get the best people to help you.Re-create yourself.Play.Source: Fortune/10.03 Kevin Roberts Credo1. Ready. Fire! Aim.2. If it aint 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

19、office.9. Read odd stuff.10. Avoid moderation!Re-imagine General Electric“Welch was to a large degree a growth-by-acquisition man. In the late 90s, Immelt says, we became business traders, not business growers. Today organic growth is absolutely the biggest task of everyone of our companies. If we d

20、ont hit our organic growth targets, people are not going to get paid. Immelt has staked GEs future growth on the force that guided the company at its birth and for much of its history: breathtaking, mind-blowing, world-rattling technological innovation.” “GE Sees the Light”/Business 2.0/July 20041st

21、 Law Mktg Physics: OVERT BENEFIT (Focus: 1 or 2 3 or 4/“One Great Thing.” Source #1: Personal Passion)2ND Law: REAL REASON TO BELIEVE (Stand & Deliver!)3RD Law: DRAMATIC DIFFERENCE (Execs Dont Get It: See the next slide.)Source: Jump Start Your Business Brain, Doug Hall2 Questions:“How likely ar

22、e you to “How likely are you to purchasepurchase this new product or this new product or service?”service?” (95% to 100% weighting by execs)“How “How uniqueunique is this new is this new product or service?”product or service?” (0% to 5%*)*No exceptions in 20 years Doug Hall, Jump Start Your Busines

23、s BrainDream OnThe Marketing of Dreams (Dreamketing)Dreamketing: Touching the clients dreams.Dreamketing: The art of telling stories and entertaining.Dreamketing: Promote the dream, not the product.Dreamketing: Build the brand around the main dream.Dreamketing: Build the “buzz,” the “hype,” the “cul

24、t.”Source: Gian Luigi Longinotti-Buitoni Building the Creative OrganizationChoose a creator: The cultural leader who gives the company an aesthetic point of view.Hire eclectically: Hire collaborators with different cultures and past histories in order to balance rigor with emotion.Prepare vertically

25、: Develop a rigorous understanding of the product and the client.Develop horizontally: Promote curiosity in unrelated disciplines.Lead emotionally: Engender passionate dedication through vision and freedom.Build for the long haul: Creativity requires a lifetime commitment.Source: Gian Luigi Longinot

26、ti-Buitoni“The sun is setting on the Information Societyeven before we have fully adjusted to its demands as individuals and as companies. We have lived as hunters and as farmers, we have worked in factories and now we live in an information-based society whose icon is the computer. We stand facing

27、the fifth kind of society: the Dream Society. Future products will have to appeal to our hearts, not to our heads. Now is the time to add emotional value to products and services.” Rolf Jensen/The Dream Society:How the Coming Shift from Information to Imagination Will Transform Your BusinessExperien

28、ce Ladder/TPDreams Come True Awesome ExperiencesSolutionsServicesGoodsRaw MaterialsKevin Roberts*: Lovemarks!*CEO/Saatchi & Saatchi“When I first suggested that Love was the way to transform business, grown CEOs blushed and slid down behind annual accounts. But I kept at them. I knew it was Love

29、that was missing. I knew that Love was the only way to ante up the emotional temperature and create the new kinds of relationships brands needed. I knew that Love was the only way business could respond to the rapid shift in control to consumers.” Kevin Roberts/Lovemarks“Apple “Apple opposes,opposes

30、, IBM IBM solves,solves, Nike Nike exhorts,exhorts, Virgin Virgin enlightens,enlightens, Sony Sony dreams,dreams, Benetton Benetton tests. Brands are not Brands are not nouns but verbsnouns but verbs.”.”Source: Jean-Marie Dru Disruption“The good 10 percent of American product design come

31、s out of big-idea companies that dont believe in talking to the customer. Theyre run by passionate maniacs who make everybodys life miserable until they get what they want.”Bran Ferren, Applied Minds/Wired 1-2001Rules of “Radical Marketing”Love + Respect Your Customers!Hire only Passionate Missionar

32、ies!Create a Community of Customers!Celebrate Craziness!Be insanely True to the Brand!Sam Hill & Glenn Rifkin, Radical Marketing (e.g., Harley, Virgin, The Dead, HBS, NBA)Cirque du Cirque du Soleil!Soleil!Infosys/Planet-warping Aspirations “By making the Global Delivery Model both legitimate and

33、 mainstream, we have brought the battle to our territory. That is, after all, the purpose of strategy. We have become the leaders, and incumbents IBM, Accenture are followers, forever playing catch-up. However, creating a new business innovation is not enough for rules to be changed. The innovation

34、must impact clients, competitors, investors, and society. We have seen all this in spades. Clients have embraced the model and are demanding it in even greater measure. The acuteness of their circumstance, coupled with the capability and value of our solution, has made the choice not a choice. Compe

35、titors have been dragged kicking and screaming to replicate what we do. They face trauma and disruption, but the game has changed forever. Investors have grasped that this is not a passing fancy, but a potential restructuring of the way the world operates and how value will be created in the future.

36、”Narayana Murthy, chairmans letter, Infosys Annual Report 2003 WHAT CAN BROWN DO FOR YOU?Weird Wins!FLASH: Innovation Innovation is easyis easy! !Saviors-in-WaitingDisgruntled CustomersOff-the-Scope CompetitorsRogue EmployeesFringe SuppliersWayne Burkan, Wide Angle Vision: Beat the Competition by Fo

37、cusing on Fringe Competitors, Lost Customers, and Rogue EmployeesTHINK WEIRD: The High Standard Deviation Enterprise.“If you worship at the throne of the voice of the customer, youll get only incremental advances.”Joseph Morone, President, Bentley College“To grow, companies “To grow, companies need

38、to break out of a need to break out of a vicious cycle of vicious cycle of competitive competitive benchmarking and benchmarking and imitation.”imitation.” W. Chan Kim & Ren Mauborgne, “Think for Yourself Stop Copying a Rival,” Financial Times/08.11.03“The short road to “The short road to ruin i

39、s to emulate ruin is to emulate the methods of the methods of your adversary.”your adversary.” Winston Churchill“This is an essay about what it takes to create and sell something remarkable. It is a plea for originality, passion, guts and daring. You cant be remarkable by following someone else whos

40、 remarkable. One way to figure out a theory is to look at whats working in the real world and determine what the successes have in common. But what could the Four Seasons and Motel 6 possibly have in common? Or Neiman-Marcus and Wal*Mart? Or Nokia (bringing out new hardware every 30 days or so) and

41、Nintendo (marketing the same Game Boy 14 years in a row)? Its like trying to drive looking in the rearview mirror. The thing that all these companies have in common is that they have nothing in common. They are outliers. Theyre on the fringes. Superfast or superslow. Very exclusive or very cheap. Ex

42、tremely big or extremely small. The reason its so hard to follow the leader is this: The leader is the leader precisely because he did something remarkable. And that remarkable thing is now takenso its no longer remarkable when you decide to do it.” Seth Godin, Fast Company/02.2003Ways to Raise a Pu

43、rple CowThink small. One vestige of the TV-industrial complex is a need to think mass. If it doesnt appeal to everyone, the thinking goes, its not worth it. Think of the smallest conceivable marketand describe a product that overwhelms it with remarkability. Go from there.Source: Seth Godin, Fast Co

44、mpany (02.2003)“ Giant projects contain within them the almost certain seeds of mediocrity. The very fact of their size causes constant scrutiny and thence political interference. Such oversight drains the passion of the champions and risksto the point of certaintyfatal dumbing down and thence loss

45、of the very distinction and quirkiness sought in the first place.”Exec, Hollywood Innovation! NOTImitationImitationEmployees: “Are there enough weird people in the lab these days?”V. Chmn., pharmaceutical house, to a lab director“If there is nothing very special about your work, no matter how hard y

46、ou apply yourself, you wont get noticed, and that increasingly means you wont get paid much either.”Michael Goldhaber, Wired 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

47、.) (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 timessee

48、 immediately above.) (5) Freaks are the only (ONLY) ones who succeedas 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 usand our organizationsare in ruts. Make that chasms.)Deviants, Inc. “Devian

49、ce tells the story of every mass market ever created. What starts out weird and dangerous becomes Americas next big corporate payday. So are you looking for the next mass market idea? Its out there way out there.”Source: Ryan Matthews & Watts Wacker, Fast Company (03.02)“The Bottleneck is at the

50、 Top of the Bottle”“Where are you likely to find people with the least diversity of experience, the largest investment in the past, and the greatest reverence for industry dogma? At the top!” Gary Hamel, “Strategy or Revolution”/ Harvard Business ReviewWEIRD IDEAS THAT WORK: (1) Hire slow learners (

51、of the organizational code). (1.5) Hire people who make you uncomfortable, even those you dislike. (2) Hire people you (probably) dont need. (3) Use job interviews to get ideas, not to screen candidates. (4) Encourage people to ignore and defy superiors and peers. (5) Find some happy people and get

52、them to fight. (6) Reward success and failure, punish inaction. (7) Decide to do something that will probably fail, then convince yourself and everyone else that success is certain. (8) Think of some ridiculous, impractical things to do, then do them. (9) Avoid, distract, and bore customers, critics

53、, and anyone who just wants to talk about money. (10) Dont try to learn anything from people who seem to have solved the problems you face. (11) Forget the past, particularly your companys success. Bob Sutton, Weird Ideas That Work: 11 Ideas for Promoting, Managing, and Sustaining InnovationAdvice t

54、o Corporate Leaders: “Consider the metaphor of the windmill: You can harness raw power but you cant control it. Hire artists, clowns, or other disrupters to come in and challenge your corporate environment. Hire a corporate anthropologist to analyze how tolerant your organization is of deviants and

55、other innovators. Once the anthropologist leaves, hire a shaman to drive out the evil spirits of conformity. ”Source: Ryan Matthews & Watts Wacker, Fast Company (03.02)Measure “Strangeness”/Portfolio QualityStaffConsultantsBoardVendorsOut-sourcing Partners (#, Quality)Innovation Alliance Partner

56、sCustomersCompetitors (who we “benchmark” against) Strategic Initiatives Product Portfolio (LineEx v. Leap)IS/ITHQ LocationLunch MatesLanguageInnovation Index: How many of your Top 5 Strategic Initiatives score 7 or higher (out of 10) on a “Weirdness/Profundity Scale”?“Its no longer enough to “Its n

57、o longer enough to be a change agent. You be a change agent. You must be a must be a changechange insurgentinsurgentprovoking, provoking, prodding, warning prodding, warning everyone in sight that everyone in sight that complacency is death.”complacency is death.” Bob ReichCreate a CauseG.H.: “Creat

58、e a cause, not a business. ”“Management has a lot to do “Management has a lot to do with answers. Leadership is a with answers. Leadership is a function of questions. And the function of questions. And the first question for a leader first question for a leader always is: always is: Who do we intend

59、 Who do we intend to be?to be? Not What are we going Not What are we going to do? but Who do we intend to to do? but Who do we intend to be?”be?” Max De Pree, Herman Miller“Vision is a love “Vision is a love affair with an affair with an idea.”idea.” Boyd Clarke & Ron Crossland, The Leaders Voic

60、e“Dreams are “Dreams are ideas with ideas with passion.”passion.” Phil Harkins & Keith Hollihan, Everybody Wins (the RE/MAX story)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 i

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