Mumbai31October2002.pptVIP

 Tom Peters Seminar2002  We Are in a Brawl with No RulesMumbai/31October2002 Slides at … “We are in a brawl with no rules.”Paul Allaire “There will be more confusion in the business world in the next decade than in any decade in history. And the current pace of change will only accelerate.”Steve Case “If you don’t like change, you’re going to like irrelevance even less.” —General Eric Shinseki, Chief of Staff, U. S. Army I. NEW BUSINESS. NEW CONTEXT. All Bets Are Off. “The corporation as we know it, which is now 120 years old, is not likely to survive the next 25 years. Legally and financially, yes, but not structurally and economically.”Peter Drucker, Business 2.0 (08.00) 1000A.D.: paradigm shift: 1000s of years1000: 100 years for paradigm shift1800s: prior 900 years1900s: 1st 20 years 1800s2000: 10 years for paradigm shift 21st century: 1000X tech change than 20th century (“the ‘Singularity,’ a merger between humans and computers that is so rapid and profound it represents a rupture in the fabric of human history”)Ray Kurzweil 2. The Destruction Imperative. 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.SP 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 “Good management was the most 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 and systematically allocated investment capital to innovations that promised the best returns, t