In his book, Grow, Jim Stengel shows how 50 of the highest-performing companies in the world harnessed the power of brand ideals to tower over their competitors – and how your business can, too. Grow presents an actionable framework for developing the roots that are necessary to thrive in the new business climate. Start big or start small, but start now by reading Grow.
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Book Summary- Grow: How Ideals Power Growth and Profit at the World's Greatest Companies
1. GROW:
ACTIONABLE BOOK SUMMARY BY
OMAR M. KHATEEB
HOW IDEALS POWER GROWTH AND
PROFIT AT THE WORLD'S GREATEST
COMPANIES
2. ABOUT THE AUTHOR
▸ Jim is the former Global Marketing Officer of $84 billion Procter & Gamble, where he oversaw an $8
billion advertising budget and had organizational responsibility for nearly 7,000 people. P&G sales
doubled during Jim’s tenure as GMO. Highly regarded, his leadership was recognized in 2008 when P&G
was honored as the 2008 Cannes International Advertising Festival Advertiser of the Year for the first time
in company history.
▸ Jim was recognized in 2003, 2004, 2006, and 2007 by Advertising Age as the number one “Power
Player” in marketing. In 2005, he was recognized as Grand Marketer of the Year by Brandweek magazine,
the same year P&G was named Marketer of the Year by Advertising Age magazine. Jim was named to the
first-ever Fortune Executive Dream Team in 2011.
3. WHY GROW IS A GREAT BOOK
▸ Stengel’s research—including a ten-year growth study of
more than 50,000 brands around the world—has inspired
and validated an action framework we call the “Ideal Tree.”
▸ By operating according to the principles in this framework,
the world’s best businesses achieve growth rates triple
those of competitors, and they outperform the market by
400%.
5. WHAT IS A BRAND IDEAL?
▸ The central principle of the Ideal Tree framework is the
Brand Ideal, a shared goal of improving people’s lives. A
brand ideal is a business’s essential reason for being, the
higher-order benefit it brings to the world.
▸ Why a tree? Because businesses and their brands are
living things. They have roots that people do not see. They
thrive given the right conditions—and they die without
care, feeding, and positive energy.
6. A BRAND IDEAL OF IMPROVING PEOPLE’S LIVES
IS THE ONLY SUSTAINABLE WAY TO RECRUIT,
UNITE, AND INSPIRE ALL THE PEOPLE A
BUSINESS TOUCHES, FROM EMPLOYEES TO
CUSTOMERS.
Jim Stengel
on the “Ideal Factor”
7. WHAT DO THE BEST BUSINESS LEADERS DO?
▸ Discover a brand ideal of improving people’s lives in one
of five fields of fundamental human values.
▸ Build their organizational culture around the brand ideal.
▸ Communicate the brand ideal to engage employees and
customers.
▸ Deliver a near-ideal customer experience.
▸ Evaluate their progress and people against brand ideal.
8. THE STENGEL STUDY OF BUSINESS GROWTH.
▸ If you stop leading change, however, you stop leading.
And if an organization stops changing and growing, it
becomes vulnerable to competition.
▸ Benchmarking against the best performers resets your
standards and challenges your growth assumptions.
▸ ALL businesses go through tough times, and the most
important step to surviving them and coming out stronger
is often renewing brand ideals.
16. ENABLING CONNECTION
-To enhance the ability of people to connect
with one another and the world in meaningful
ways.
Five Fields of Fundamental Human Values
17. INSPIRING EXPLORATION
- To help people explore new horizons and new
experiences.
Five Fields of Fundamental Human Values
18. PRIDE
-To give people increased confidence,
strength, security, and vitality.
Five Fields of Fundamental Human Values
19. IMPACTING SOCIETY
- Affecting society broadly, including by
challenging status quo and redefining categories.
Five Fields of Fundamental Human Values
26. BUSINESS ARTISTS IN THE STENGEL 50 EXCEL AT:
▸ Discovering, or rediscovering, a brand ideal in one of five
fields of fundamental human values.
▸ Building the business culture around the ideal.
▸ Communicating the ideal internally and externally to
engage employees and customers.
▸ Delivering a near-ideal customer experience.
▸ Evaluating business progress and people against the ideal.
27.
28. THE PEOPLE THE BRAND SERVES: MAKE
SURE THE GROUP IS LARGE ENOUGH TO
MEET YOUR GOALS.
The Seed
32. 5 THINGS YOU MUST DO:
▸ Must-DO # 1. Discover an ideal in one of five fields of
fundamental human values.
▸ Must-DO # 2. Build your culture around your ideal.
▸ Must-Do# 3. Communicate your ideal to engage your
employees and customers.
▸ Must-Do #4. Deliver a near-ideal customer experience.
▸ Must-do #5. Evaluate your progress and people against
your ideal.