Tom Peters’ Re-Imagine excellence!



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A man approached JP Morgan, held up an envelope, and said, “Sir, in my hand I hold a guaranteed formula for success, which I will gladly sell you for $25,000.” “Sir,” JP Morgan replied, “I do not know what is in the envelope, however if you show me, and I like it, I give you my word as a gentleman that I will pay you what you ask.” The man agreed to the terms, and handed over the envelope. JP Morgan opened it, and extracted a single sheet of paper. He gave it one look, a mere glance, then handed the piece of paper back to the gent. AND PAID HIM THE AGREED UPON $25,000. The paper …

1. Every morning, write a list of the things that need to be done that day. 2. Do them. Source: Hugh MacLeod/tompeters.com/NPR

  • Context: As the World Turns, and Turns and Turns and …
  • GRIN!

Genetics Robotics Informatics Nanotechnology

Genetics Robotics Informatics Nanotechnology* *Decision #1: GRIN and BEAR it? GRIN and SAVOR it?

  • Race Against
  • the Machine
  • 1,000,000
  • 500:1
  • “The root of our problem is not
  • that we’re in a Great Recession
  • or a Great Stagnation, but rather
  • that we are in the early
  • throes of a Great Restructuring. Our technologies are racing ahead,
  • but our skills and organizations
  • are lagging behind.”
  • Source: Race AGAINST the Machine, Erik Brynjolfsson and Andrew McAfee
  • “The median worker is losing the race against the machine.”
  • —Erik Brynjolfsson and Andrew McAfee,
  • Race Against the Machine
  • China/Foxconn:
  • 1,000,000 robots/next 3 years
  • Source: Race AGAINST the Machine, Erik Brynjolfsson and Andrew McAfee
  • Legal industry/Pattern Recognition/
  • Discovery (e-discovery algorithms):
  • 500 lawyers to …
  • ONE
  • Source: Race AGAINST the Machine, Erik Brynjolfsson and Andrew McAfee
  • “Meet Your
  • Next Surgeon:
  • Dr. Robot”
  • Source: Feature/Fortune/15 JAN 2013/on Intuitive Surgical’s
  • da Vinci /multiple bypass heart-surgery robot

Robot Wars! “The combination of new market rules and new technology was turning the stock market into, in effect, a war of robots.” —Michael Lewis, “Golman’s Geek Tragedy,” Vanity Fair, 09.13

  • Post-Great Recession:
  • Equipment expenditures +26% Payrolls flat
  • Source: Race AGAINST the Machine, Erik Brynjolfsson and Andrew McAfee

Q3 2011/BLS +3.1/Non-farm productivity growth +3.8/Non-farm output +0.6/Non-farm hours worked +5.4/Manufacturing productivity +4.7/Manufacturing output -0.6 /Manufacturing hours worked Source: Bureau of Labor Statistics/03 November 2011

  • The “U-shaped [Wages] Curve” Phenomenon:
  • High-skilled Waaaaay Up!!
  • Low-skilled: Stable/Up
  • Middle: Down/Down/Down
  • Source: Race AGAINST the Machine, Erik Brynjolfsson and Andrew McAfee

Tom’s TIB* #1: 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 good news: This is also the #1 mid- to long-term … profit maximization strategy! * This I Believe (courtesy Bill caudill)

Now!

No Surprise! “Train Passengers Too Distracted By Phones to Notice Gunman” —Headline, HuffingtonPost, 1009.13 “The 2-year-olds sit in their moms’ laps, fully absorbed, in command of the action on the screen” —Hair salon owner, Dartmouth MA, 1010.13

Breakout! Headline/WSJ/1010.13: “Mobile Ads Take Big Leap As Marketers Rev Spending” 2X+ 1st half 2012: $1.2B 1st half 2013: $3.0B E.g., Unilever: 2013 = 3X 2012

“Rush Is On To Develop ‘Smart’ Specs” —Headline, New York Times, 1007.13 (Google Glass will have lots of specialized company!)

“The combination of new market rules and new technology was turning the stock market into, in effect, a war of robots.” —Michael Lewis, “Goldman’s Geek Tragedy,” Vanity Fair, 09.13

  • “Human level capability has not turned out to be a special stopping point from an engineering perspective. ….”
  • Source: Illah Reza Nourbakhsh, Professor of Robotics, Carnegie Mellon, Robot Futures


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