The Peter Principle
OPEN: I recently heard a radio announcer tell about a man who went through a drive up at a KFC restaurant. He ordered about $6 worth of food and then pulled up to give his money to the teller. He handed her a $200 bill. It had President George Bush's picture on the front and on the back was a picture of a vegetable with the words beneath it declaring ''I hate broccoli!'' She took the bill and gave him his food and exact change. He drove away, apparently never to be seen again. (For the record, there are no $200 bills and no US legitimate currency has the picture of President George Bush - let alone broccoli - on it.''
By contrast, this is a $20 bill (hold one up, and explain some of its characteristics). If I were to offer this to you, who would want this $20 bill? Let's say I were to do this (crumple the bill into a tight ball) would you still want it? What if I did this (throw the $20 on the floor and stomp on it)? How many of you would still want it?
APPLY: Most of you would be willing to have me give you this $20 bill, no matter what it's condition, because you know it has a value that doesn't depend on how it looks. You know that it's value is more than appearance - it has real worth.
I. Years ago, Laurence J. Peter visited several corporations and studied some of their management characteristics. As a result, he came up with a maxim he called ''The Peter Principle.'' The Peter Principle roughly said this: A person is hired by a company and does a good job. Somebody notices his competence and he is promoted to a higher level of responsibility. He does a good job there as well and is elevated another notch in the corporation. This happens again and again. But eventually the individual is promoted to a position that they can't handle. They are promoted to a point where they are incompetent. And once they reach that level of incompetence, they are no longer useful to the company. They no longer have valu ...
There are 13219 characters in the full content. This excerpt only shows a 2000 character sample of the full content.