Lessons From Drucker
How To Make Gut Decisions In Business:
Although Peter F. Drucker was aware of many innovative methodologies for analyzing business solutions, he rarely used them. One would think that the founder of modern management was a fan of lengthy and complex analytical reports. But believe it or not, he was a fan of following your gut. How can a manager make decisions that honor both the gut and the brain? This anomaly was one of the most... Read moreby: William Cohen, Ph.D.
Published: October 19, 2017
Tags: management, Peter F. Drucker, decision-making
The Quickest Way to Learn and Master Any Subject:
It was Peter Drucker, the father of modern management, who discovered the quickest way to learn and master any subject. He used this method himself to become wealthy and recognized as the world’s most renowned management expert and consultant. He wrote that it was to teach that subject. Most readers thought that he was only talking about teaching in a classroom. But there was a secret supplement... Read moreby: William Cohen, Ph.D.
Published: September 17, 2017
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The Fine Art of Negotiation: How to Win, Even When Facing a More Powerful Entity:
We negotiate everything. Our negotiations include starting salaries, raises, terms of employment, automobiles, homes, contracts of all types, commissions, fees, fines, choice vs. not-so-choice hotel rooms. Even our relationships with business partners and life partners involve negotiations, along with where to be seated in a restaurant, marriages, divorces, and peace treaties...the list is... Read moreby: William Cohen, Ph.D.
Published: August 17, 2017
Tags: negotiation, leadership, management, Peter F. Drucker, strategy
Business Strategy: Drucker's ‘New Certainties’ and Why When All Else Fails, Think!:
Peter F. Drucker, author, consultant and founder of modern management, wrote that the purpose of strategy is to enable an organization to achieve its desired results in an unpredictable environment. Contrary to what "everybody knows," strategy is not about achieving results in a known and foreseeable environment, but in an environment that is unknown and unforeseeable.That’s why politicians,... Read moreby: William Cohen, Ph.D.
Published: July 31, 2017
Tags: Peter F. Drucker, management, leadership, strategy
Drucker Today
How Your Business Could Become a Better 'Change-Leader':
"This is a new era of opportunity, but only for those who are willing to accept change as an opportunity, not for those who are afraid of it." Peter F. DruckerIn today’s rapidly changing environment, Peter F. Drucker stressed that mangers must be able to anticipate, plan and lead change efforts in their organizations. Managers must also be able to create an organizational environment where change... Read moreby: Robert Swaim, Ph.D.
Published: October 8, 2017
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How Organizations Can Prepare For Change :
Overcoming resistance to changes is often one of the biggest challenges for continuous improvement practitioners. In the first of a 4-part series on managing change in the enterprise, Dr. Robert Swaim looks at the reasons organizations change and breaks change down in 6 key areas of impact.Why Organizations ChangeOrganizations change for a number of different reasons, so they can either react to... Read moreby: Robert Swaim, Ph.D.
Published: October 8, 2017
Tags: organizational change, evolving your business, Peter F. Drucker
Peter F. Drucker and The Next Society Part 2: How a New Global Workforce Will Shape Strategy:
Introduction:This article presents Peter F. Drucker’s observations on what he called the “Next Society,” as explained in “Managing in the Next Society,” (2002) and in an earlier book, “Managing in a Time of Great Change” (1995).Drucker referred to the “Next Society” as the major social changes that will surely impact and trickle down to all business strategy. These included; The 4th Information... Read moreby: Robert Swaim, Ph.D.
Published: September 4, 2017
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Peter F. Drucker and The Next Society Part 1: Demographic Trends Within Major and Emerging Economies:
“If the twentieth century was one of social transformations, the twenty-first century needs to be one of social and political innovations.” -- Peter F. Drucker (1909-2005)IntroductionThis article presents Peter F. Drucker’s observations on what he had identified as the “Next Society.” It was a concept he often discussed in conversations with me during the course of our working together for five... Read moreby: Robert Swaim, Ph.D.
Published: August 30, 2017
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Drucker on Marketing
Copycat To Copyright: Marginal Innovations Are More Disruptive Than You Think:
I’m a fan of Harvard Business School professor and best-selling author Clayton Christensen. Christensen’s research has focused on what he terms “disruptive innovation,” or those innovations that target non-consumption with products that are inferior but “good enough” for consumers who previously had nothing at all.Christensen’s model shows how these inferior products are improved to take market... Read moreby: Josh Steimle
Published: October 8, 2017
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Marginal Innovations Are More Disruptive Than You Think:
I’m a fan of Harvard Business School professor and best-selling author Clayton Christensen. Christensen’s research focuses on what he terms “disruptive innovation,” or those innovations that target non-consumption with products that are inferior but “good enough” for consumers who previously had nothing at all. Christensen’s model shows how these inferior products are improved to take market... Read moreby: Josh Steimle
Published: August 15, 2017
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Finding Insight in a Digital Sea of Information:
For roughly a decade, businesses and governments have been collecting digital information about the world’s citizens; not just names and numbers, but loads of data, Big Data.The IDC (International Data Corporation) predicted that the Big Data industry will experience a 26.4% compound annual growth rate, reaching $41.5 billion by 2018. What this means is that more and more companies and... Read moreby: Josh Steimle
Published: July 25, 2017
Tags: measurement, big data, data, digital age, management, performance measurement
As Hong Kong’s Startup Economy Rises, Drucker’s Words on Fostering Innovation Still Ring True:
InvestHK is a government agency tasked with fostering entrepreneurship in Hong Kong. In 2013 it launched a website at StartMeUp.hk along with various programs aimed at providing information and incentives to entrepreneurs considering moving to Hong Kong.Creating this centralized information hub and launching city-backed incubators and accelerators have paid off. In 2016 Hong Kong saw the number... Read moreby: Josh Steimle
Published: July 13, 2017
Tags: marketing, Peter F. Drucker, global economy, startups
Total Alignment
The 4 Roles of Accountability Within Your Company:
When determining accountability within your company, there are two groups that should be held responsible.First, process indicators should be pushed down to the lowest appropriate level. This gives the power to act to the right person, thus empowering all levels of employees.In many organizations, decisions are made at the wrong level, sometimes several levels removed from the person whose action... Read moreby: Riaz Khadem, D.Phil
Published: October 8, 2017
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The 3 Reports Every Manager Should Use To Identify High-Performers:
The following excerpt originally published on Entrepreneur and is from Riaz Khadem and Linda Khadem’s book Total Alignment. The three reports that every manager should use are part of a reporting system first described on our book, One Page Management. They’re ideal for tracking alignment in an organization. Let’s take a closer look at what those three reports can do for you and your teams.The... Read moreby: Riaz Khadem, D.Phil
Published: August 15, 2017
Tags: performance measurement, measurement, leadership, management
5 Principles of Collaboration: Leverage Team Reviews to Drive Performance Across the Organization:
The following excerpt originally published on Entrepreneur and is from Riaz Khadem and Linda Khadem’s book Total Alignment.The best results are produced through collaboration, a fundamental requirement for alignment. Collaboration needs to take place both within and outside teams, throughout the organization. In particular, the action planning process requires collaboration.How do you improve... Read moreby: Riaz Khadem, D.Phil
Published: July 31, 2017
Tags: measurement, performance measurement, collaboration, leadership
Focusing on the Vital Few: How to Effectively Measure Strategic Initiatives:
The following column originally published on Entrepreneur. The excerpt is from Riaz Khadem and Linda Khadem’s book Total Alignment. Buy it now from Amazon | Barnes & Noble | IndieBoundThere is a fundamental need for a tangible frame of reference that can be used for aligning organizations. This is where an Alignment Map comes into play. We developed the Alignment Map to serve as a compass and... Read moreby: Riaz Khadem, D.Phil
Published: July 20, 2017
Tags: measurement, performance measurement, management, management best practices
Secrets of Superboss Leaders
How to Create World-Class Talent:
It’s more important for success than strategy, technology and even products. The only way for an organisation to survive and thrive long-term: the ability to generate and regenerate talent on a continual basis.But how? Having spent ten years studying this question, and even more time designing and delivering talent development programs and activities for dozens of companies around the world, I’ve... Read moreby: Sydney Finkelstein
Published: October 1, 2017
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The Nice Boss Syndrome :
Everyone wants a nice boss. And if a nice boss is one who respects me and my work, challenges me to get better and wants to see me grow as both a professional and a leader, then I’m for it too. But too many people look at a hard-charging boss and jump to the conclusion that he or she is a tyrant. Here’s what these people don’t get: just because you have a nice boss, doesn’t mean you have a good... Read moreby: Sydney Finkelstein
Published: August 20, 2017
Tags: leadership, management, management best practices, bosses
Want To Run More Effective Meetings? Avoid These ‘Meeting Malpractice’ Sins.:
With summer here, our thoughts naturally turn to BBQs, beaches, and vacations. It’s the time of year when you can easily find yourself daydreaming when you should be paying attention. And then, as if in a nightmare, you realize you are seated around a table, listening to people you don’t really want to hear from, people who are saying things you don’t really need to know. Yes, you are in a... Read moreby: Sydney Finkelstein
Published: August 14, 2017
Tags: management, meetings, effective meetings, leadership
4 Rules for Powerful Leadership Training:
Editor’s Note: This story originally appeared on BBC Capital. It has been republished with permission.It’s more important for success than strategy, technology, and even products. The only way for an organization to survive and thrive long-term: The ability to generate and regenerate talent on a continual basis. But how?Having spent 10 years studying this question, and even more time designing... Read moreby: Sydney Finkelstein
Published: June 25, 2017
Tags: leadership, training, 70-20-10
Things Managers Should Know
You’re Only as Good as Your Team!:
For the great achiever, it’s all about “me.”For the great leader, it’s all about “them.”Over the years, I have worked with many great leaders as an executive educator and coach. One client, Charlie (not his real name), in particular is still one of my favorites. He is the one who showed the most improvement — and he is the one who I spent the least amount of time with.Charlie was president of a... Read moreby: Marshall Goldsmith
Published: October 1, 2017
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Every Leader Has to Start Somewhere! :
Every leader has to start somewhere. This is just the fact of the matter.And, another fact? Not every leader, even some of the greatest leaders of our time, start off with flying colors.Take my good friend Alan Mulally, former CEO of Ford. Alan led the epic turnaround of the Ford Motor Company. This incredible story is told in the Wall Street Journal bestseller, American Icon. I highly recommend... Read moreby: Marshall Goldsmith
Published: August 20, 2017
Tags: Ford, Alan Mulally, leadership
6 Triggers that Can Make or Break Your Success As a Leader:
What if you could control your environment so it triggered your most desired behavior and steered you toward success?This would mean that instead of blocking us from our goals, the environment would propel us toward them. Sounds ideal, doesn’t it? It also sounds far-fetched. It’s not. To achieve “control” of the environment so it triggers our most desired behavior, we must first clarify the term ... Read moreby: Marshall Goldsmith
Published: August 8, 2017
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Leadership Is A Contact Sport: An 8-Step Leadership Development Model for Success:
Editor's Note: This article was originally published by Marshall Goldsmith on his blog, Thinkers50. It has been reposted here with permission. My career as an executive coach began many years ago with a phone call from the CEO of a Fortune 100 company. I had just given a leadership clinic to the CEO’s human resources department. This is what I was doing in the late 1980s – advising HR departments... Read moreby: Marshall Goldsmith
Published: July 24, 2017
Tags: leadership, managers, team work
The Modern Knowledge Worker
Why Drucker On 'The Changing World of the Executive' Was Ahead of Its Time :
Soaring executive pay. The future of health care. Disappearing manufacturing jobs. Information overload.These are all hot button topics today. They were also subjects written about by Peter Drucker during the mid-1970s to early 1980s, as shown in his 1982 book The Changing World of the Executive.While Drucker contributed to many publications on a regular basis, and published a number of... Read moreby: Bruce Rosenstein
Published: September 24, 2017
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Reflections on Peter F. Drucker and the 50th Anniversary Edition of The Effective Executive:
Although Peter Drucker wrote a number of books that could justifiably be called classics, perhaps his most beloved is The Effective Executive, which was recently reissued earlier this year as a commemorative 50th Anniversary Edition by HarperCollins, his longtime publisher. We are living in a much different world than the one of 1967, but Drucker’s relatively short guide to getting the right... Read moreby: Bruce Rosenstein
Published: September 4, 2017
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Reflections On My Interview With Peter F. Drucker: 15 Years Later, The Modern Workforce Still Needs His Wisdom:
The following column originally published on BruceRosenstein.com.On July 5, 2002, USA TODAY published my feature story on Peter Drucker, “Scandals Nothing New to Business Guru.” He and I were both in Los Angeles for the SLA/Special Libraries Association annual conference.I was an attendee and he was one of the keynote speakers. (Last week I wrote about the 2017 SLA annual conference in Phoenix... Read moreby: Bruce Rosenstein
Published: August 7, 2017
Tags: Peter F. Drucker, business, leadership
The Drucker Perspective
Marketing Is Innovation:
Innovation means the creation of new value and new satisfaction for the customer. Successful innovating organizations, noted Peter F. Drucker, measure innovations "not by their scientific or technological importance but by what they contribute [in terms of value] to market and customer." Innovation in a business enterprise must be always market-focused. Converting unfulfilled customer needs into... Read moreby: Management Matters
Published: September 24, 2017
Tags: marketing, strategic marketing, innovation, Peter F. Drucker
Crafting & Executing Strategy: Part 1:
Editor's Note:Corporate planning has evolved over the years. Strategic planning is but one step (albeit an important one) in a series of relatively new tools to help organizations think through what must be done and how to do it.Peter F. Drucker's contributions to making the strategic planning process into a discipline that can be taught, learned, and practiced are without equal. Others have... Read moreby: Editorial Staff
Published: September 6, 2017
Tags: strategy, Peter F. Drucker, performance, strategic planning, vision
Crafting & Executing Strategy: Part 2:
Editor's Note:This article continues with the GM example illustrating the rise of General Motors in the 1920s via the development by Alfred P Sloan, Jr; a total strategic marketing plan which had as its goal to reinvent the automobile market.Sloan first redesigned General Motors according to his strategic plan and then, as CEO almost 30 years, built GM into the world's largest automobile company... Read moreby: Editorial Staff
Published: September 5, 2017
Tags: strategy, competition, Peter F. Drucker
Are You Asking the Right Questions?:
IntroductionThe most serious mistakes are not the result of wrong answers. The truly dangerous thing is asking the wrong questions.If your answer to the right question produces the wrong, unexpected result, you can take corrective action. In other words, a wrong answer to the right question can, as a rule, be repaired and salvaged.But if you ask the wrong question and get the right answer,... Read moreby: Management Matters
Published: July 15, 2017
Tags: Peter F. Drucker, market research, Pepsi, Henry Ford, Xerox
My Journey with Peter Drucker
Leaders Must Always Envision a Bright Future :
This column originally published on Leader To Leader Journal and has been updated for MMN.Occasionally, I casually remark in speeches that I have tattoos on both shoulders. I pause and wait for the audience’s shock to become apparent, and then go on to mention that the tattoos are in invisible ink—you can’t see them, but I know they are there—several of them.Always the first tattoo is the... Read moreby: Frances Hesselbein
Published: September 19, 2017
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Measurement Driven Management
Balanced Scorecard or OKRs: Which Tool Will Help You Execute Strategy?:
In a recent study highlighted in Harvard Business Review, strategy execution was cited as the number one challenge facing global CEOs, topping innovation, geopolitical instability, and top-line growth. Little wonder it keeps executives up at night when you consider that at least two-thirds (and by some estimates a much higher percentage) of companies struggle to execute their strategy.So how do... Read moreby: Paul Niven
Published: September 10, 2017
Tags: measurement, performance measurement, strategic planning, strategy
What Car Repair Can Teach You About the Balanced Scorecard:
I don’t know if it’s a sudden thirst for knowledge or a classic mid-life crisis, but recently I’ve become very interested in cars. Not just a typical urge characterized by the purchase of a sleek new sports car, but instead I’ve cultivated a desire to learn how cars work.Why do the brakes take us from 60 to zero in a few seconds? How exactly is power delivered from the engine to the four wheels?... Read moreby: Paul Niven
Published: June 25, 2017
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Performance Measurement is Everywhere:
One of the many benefits of performance measurement is its ability to help us understand and provide context to the past. Most modern organizations, which find themselves drowning in a sea of raw data while yearning for real insights, would undoubtedly agree that context is vital. However, the very best performance measures also allow us to extend our gaze into, and therefore plan for, the future... Read moreby: Paul Niven
Published: June 25, 2017
Tags: performance management
Be Data Literate Part II: Understanding How Aggregated Data Misleads & Misdirects:
This is Part 2 of a series on why managers of any organization should have a firm grasp of data literacy. For Part 1, see here.Editor's Note: There are many scientific approaches for finding the root cause of a problem, be it in government, business or elsewhere in life. In this article, we present a simple (but not simplistic) statistical approach for "disaggregating" data to identify what... Read moreby: Editorial Staff
Published: May 16, 2017
Tags: data, statistics, management best practices
Essential Management for Doers Doubters and Darers
In the Age of The Unicorn Bubble, the Real Value of a Business Matters More Than Ever:
What’s a business worth? Given the outsized valuations of the so-called “unicorns,” the answer may be “who knows.” Is Uber really worth $75 billion? These valuations of privately held companies valued at more than a billion dollars -- and public stock prices that have followed -- may excite, but they raise questions for investors, employees, and founders. Simpler Times It used to be easy to... Read moreby: Jim Champy
Published: September 10, 2017
Tags: startups, business valuation, private companies, value of a company, sell your business
Despite Technology’s Hype, Business Remains a Human Enterprise:
There is no doubt that technology is playing an extraordinary role in the transformation of business. From Uber to Airbnb, from Amazon to Netflix, business models are dramatically changing. But I worry that our fascination with technology may be distracting us from paying attention to the importance people play in the success and failure of business - even one that is highly digitized.My... Read moreby: Jim Champy
Published: July 26, 2017
Tags: digital age, management, technology
What Kind of Leader Do You Want to Be? :
Leadership has been around since tribes first emerged in primitive societies. Someone had to be the leader—likely the most assertive member of the tribe—but these early ancestors never read books on participative management. When Peter Drucker spoke on leadership, he often referenced the structure of the Prussian army and its highly directive, top down leadership style. Peter learned and taught... Read moreby: Jim Champy
Published: June 22, 2017
Tags: leadership, collaboration, management, performance measurement
3 Things That Can Spark Radical Change Within Your Organization:
Most so-called “transformational change” efforts fail. It’s difficult, if not impossible, for an organization to change everything at once.Yet enterprises are challenged to adapt quicker than ever to compete and survive. But where should they begin?Every change needs to start with a compelling case. Healthcare provides a great example of an industry in need of radical change.The case for change... Read moreby: Jim Champy
Published: April 9, 2017
Tags: Peter F. Drucker, transformational change
Radical Innovation
How Activating A Corporate Brand Kickstarts Radical Innovation:
Co-authored by Torben ValstedWe (Sunnie and Torben) come from different perspectives: Sunnie is an ardent student of radical innovation, and Torben in brands. We combined our expertise to reach a point of confluence for these important topics. A brand can serve as a powerful instrument for companies to generate radical innovation in two ways: to provide constraints that are necessary for... Read moreby: Sunnie Giles, Ph.D.
Published: July 11, 2017
Tags: marketing, creative imitation, innovation
Excelling In A Rapidly Changing World
Andy Andrews: 4 Incredibly Effective Influencing Skills Most People Overlook:
The following column was originally published on AndyAndrews.com. IntroductionThere is an enormous misconception in just about every article or book on influence that exists today.Browse through a couple and you’ll quickly notice that they overwhelmingly focus on teaching you the inner workings of the human mind.The promise is clear—learn what makes people tick and you can convince them to do... Read moreby: Andy Andrews
Published: June 6, 2017
Tags: leadership, influence, Andy Andrews, self-management
Insights Advice and Watch Outs
Be Data Literate Part 1: Understanding How Aggregated Data Misleads Management:
This is Part 1 of a series on data literacy for managers. For more, read Part 2.For any manager looking to flex their leadership acumen, he or she must not only be able to read data, but have the ability to detect the forces that skew the accuracy of its results as well. Many journalists are not ever aware of it. Neither is corporate America. National magazines deny its existence. And public... Read moreby: Editorial Staff
Published: May 15, 2017
Tags: data, statistics, analytics, management
Drucker In Practice
The Woman Drucker Said Was the Best CEO in America:
Photo: Wesley MannPeter F. Drucker, the founding father of management, proclaimed Frances Hesselbein “the best CEO in America.” “She could manage any company in America, even General Motors, and do a great job,” Drucker said.That was in 1990. Frances, then CEO of the Girl Scouts of the USA, was nearly unknown to anyone outside a small circle of people involved in nonprofits.Two months later,... Read moreby: Elizabeth Edersheim, Ph.D.
Published: April 29, 2017
Tags: frances hesselbein, Peter F. Drucker, girl scouts of the usa
A Letter to Mark Zuckerberg About Facebook’s Fake News Problem:
As Facebook confronts criticism about its role in mixing real news and fake news, I envisioned a letter to Mark Zuckerberg.Dear Mark,As Facebook addresses the challenges of your role in the post-truth world, I encourage you to reframe the questions your team appears to be asking. How to do that? Try the Master of Management’s 20th century approach to 21st century problems. Rather than ask “Is... Read moreby: Elizabeth Edersheim, Ph.D.
Published: January 27, 2017
Tags: Peter F. Drucker, mark zuckerberg, facebook, fake news
Jay Hennick on Leading Effectively, Part 2:
Jay Hennick, founder and chairman of FirstService Corporation and chairman and CEO of Colliers International, was also the founding chairman of Mt. Sinai Health System. He’s received the Canadian award for entrepreneur of the year and has been named CEO of the year by Canadian Business magazine. He’s also received multiple honorary doctorate degrees.Jay has run people-based service organizations... Read moreby: Elizabeth Edersheim, Ph.D.
Published: November 11, 2016
Tags: Peter F. Drucker, Jay Hennick, leadership, management
Jay Hennick on Leading Effectively, Part 1 :
Jay Hennick, founder and chairman of FirstService Corporation and chairman and CEO of Colliers International, was also the founding chairman of Mt. Sinai Health System. He’s received the Canadian award for entrepreneur of the year and has been named CEO of the year by Canadian Business magazine. He’s also received multiple honorary doctorate degrees. Hennick attributes his success to his parents... Read moreby: Elizabeth Edersheim, Ph.D.
Published: November 11, 2016
Tags: Jay Hennick, Drucker in Practice, CEO, Interview
The Effective Executive In Turbulent Times
Pay Attention! Why Attention Is the Foundation for Self-Management:
Editor's Note: This article, the first in a series of articles/webinars by celebrated Drucker-inspired executive effectiveness expert, Dr. Jeremy Hunter, presents the building blocks of self-management and how they fit together to create mindfulness, that is, self-awareness & self-regulation.Dr. Hunter he shows us why and how focused attention is the key to getting work done. Indeed,... Read moreby: Jeremy Hunter, Ph.D
Published: July 22, 2016
Tags: self-management, attention, mindfulness, performance, productivity, effectiveness
Tweak the Way You Ask Questions and See Dramatic Results :
Many leaders focus on having the right answers, but what about asking the right questions? Can a question influence an answer? Does our framing of a situation open up possibilities or shut down the situation?Let’s try an experiment. Look at the questions below and see what happens:“How can I prove I’m right?”“How did I get stuck with these idiots?”“Who’s to blame here?”“How can I lose?” (...and... Read moreby: Jeremy Hunter, Ph.D
Published: July 14, 2016
Tags: management, questions
The Fight for Focus: Successful Strategies to Get Important Things Done:
Focused attention is the basis for effectiveness. Without it, any sort of complex activity is more challenging, if not impossible. In a previous post, I introduced Eleanor, a high-performing executive I worked with at a global aerospace firm. Wrestling with interruption, distraction, and stress, she decided to fight back. Her mission? Everyone on her team structured their time so that “at the end... Read moreby: Jeremy Hunter, Ph.D
Published: July 1, 2016
Tags: focus, productivity, open office, modern workplace
