Here I am, LIVE blogging Mr. To Peters, Management Guru and Author at The Leaders In India 2009.
We said somethings 25 years ago about basics and we are in this mess today. I said to a MIT graduate, that shut down MIT and we can go a long way in bettering. Since 1996 of my time, I have focused on the issue on women in leadership and women in management. Now it is not an issue of social justice, but its that woman buy things!
I am pretty much able to give a guarantee that I will dissapoint you this morning
If you have reached the age of 66, you know for sure that the only secret is there are no secrets! Tom starts by giving an example of Conrad Hilton’s answer to “what was the most important lesson you’ve learned in your long and distinguished career” and he said, remember to tuck the shower curtain inside the bath tub!
The art of war does not require complicated maneuvers; the simplest are the best and common sense in fundamental. From which one might wonder that how it is that generals make blunders; it is because they try to be clever – Napolean
Interestingly Tom shares how he has learned from his life and the neighborhood talking about one of the issues that India faces today with its growth, which is continuing the growth.
I am often asked by would be entrepreneurs seeking escape from life within hgue corporate strcutures, How do I build a small firm for myself? The answer is: Buy a very large one and WAIT – Paul Ormered
If you are not pursuing incredibly aggressive strategy, your days are numbered. And Tom shares his experience of working with Mckenzie with one of his colleagues. Interestingly Tom shares some very amazing statistics from the US and how companies have failed over years. if you look at the world’s largest exporters:
- No.4 is Japan
- Tie for 2nd and 3rd : American and chinese
- No 1: Germans
I am a strong strong strong believer of middle sized companies. I believe that medium sized enterprises are the future for us. I think if you look at the US economy, which continues to have a significant productivity lead than the rest of the world, fundamentally every automobile plan has the same productivity!
Everything in existence tends to Deteriorate – Norberto Odebrecht
If you have to make a sizeable company, you have to go to war against yourself. The only thing that beats a company is ITSELF PERIOD! I have read Tom before, and I feel this is an absolute truth, which was also supported by Mr. Subroto Bagchi yesterday at NASSCOM.
Giant mergers destroy value. PERIOD
Execution IS strategy – Fred malek
The three magical words that are crucial for an enterprise. And Tom is giving this perfect example referring to the Blue Ocean! I am impressed Tom 
What’s the point of looking outside if you can’t do anything with your assets?!
Two point strategy by Tom in life:
- Execution is strategy
- You only find OIL if you drill wells
**My apologies for not being able to blog the entire session by Tom, due to an urgent call by the Co-founder of my company!
But here I am again covering the question and answer round with Tom.Tom just spoke about the lessening of the cultural differences and how we should be working towards getting the systems right! The CEO is NOT teh best strategist, but he is the guy who would get the best Strategist on board to do the right work.
Tom very strongly puts how the best of the projects fail due to lousy execution specs in the proposal. The Chrysler Americans and the Daimler Germans may not be the best strategist in the history! It is the little stuff that matters with significant multiplier effects, says Tom, giving a very interesting example of surgeons.
A professional listener is as same as a professional pilot
Business schools are a scurge of the world! Many of you went to Bschools and so did I, but I like thinking of the fact that I outgrew it!
In my perfect world you should have someone on Board your company under the age of 25! Things are changing and you I can challenge, dont realize it! You are as good as the people you spend your time with.
