Columns

Lessons From Drucker

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How to Avoid Inevitable Failure Through Innovation:

There was one sure way that Drucker knew that an organization or a company was going to fail. And even though absolutely counterintuitive, this indicator was an important element in his consulting practice: If any organization continued to do what in the past had made it successful, it was certain that it would eventually go under.That sounds pretty strange, but if you think about it is not... Read more

by: William Cohen, Ph.D.
Published: May 22, 2017
Tags: managers, leadership, strategy, business, CEO

Bill Cohen head shot

To Reach Success, Create Your Own System for Self-Development :

I’ve spent more than sixty years at investigating the most effective systems of self-development, mostly by trying them out myself. These challenges have included physical means including aerobic exercise, bodybuilding, martial arts and yoga, as well as spiritual and mental tests in memorization and rote steps.I’ve even taken on feats of courage such as a parachute jump and everything else... Read more

by: William Cohen, Ph.D.
Published: May 7, 2017
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You Have No Limits:

How many times have I heard experts say something can’t be done? It must have been a million times.A little more than eight years ago, I was a guest on the USS Sequoia, a former presidential yacht, for a cruise up the Potomac River. During the cruise, I had a discussion with Diane Watson, a Democratic Congresswoman and former Ambassador to Micronesia, about a new rising political figure, Barack... Read more

by: William Cohen, Ph.D.
Published: April 26, 2017
Tags: Peter F. Drucker, success, failure

Bill Cohen head shot

Peter Drucker’s Upbringing Explains How He Became a Management Genius:

Peter Drucker is arguably the most famous management thinker of the last hundred years, and perhaps of all time.The big question is: How did an otherwise inexperienced young man, born and raised in Austria in the early part of the 20th century become The Father of Modern Management? How did he become an adviser to powerful chief executives and heads of state, and an author of dozens of books read... Read more

by: William Cohen, Ph.D.
Published: March 6, 2017
Tags: Peter F. Drucker, management

The Drucker Perspective

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Be Data Literate: Understanding Why Aggregated Data Misleads, Misinforms, Misdirects: Part II:

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 more

by: Editorial Staff
Published: May 16, 2017
Tags: data, statistics, management best practices

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Be Data Literate: Understanding Why Aggregated Data Misleads, Misinforms, Misdirects: Part 1:

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 more

by: Editorial Staff
Published: May 15, 2017
Tags: data, statistics, analytics, management

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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 more

by: Editorial Staff at Management Matters Network
Published: March 19, 2017
Tags: Peter F. Drucker, market research, Pepsi, Henry Ford, Xerox

Elizabeth Edersheim

"What Do You Want to be Remembered for?":

Editor's Note:In this article we provide a several Drucker excerpts that focuses on one of the most important questions you'll ever ask yourself is: "What do I want to be remembered for?"Just asking yourself this question in a thoughtful and thorough way can provide direction and purpose to life's never-ending challenges.IntroductionPeter F. Drucker told a great story of the first time someone... Read more

by: Elizabeth Edersheim, Ph.D.
Published: November 9, 2016
Tags: Drucker, Peter F. Drucker, Schumpeter

Secrets of Superboss Leaders

Sydney Finkelstein

The Third Rail of Management: Safety Guidelines for CEOs:

As a Ph.D student in the 1980s, I studied corporate proxy statements to research how much senior executives were paid. I pored through these documents to identify the highest earning managers in a company. I usually found the data in an easy-to-read table listing salary, bonus, and stock options.Try doing that today. The simple table is long gone, as pressure for better disclosure has given rise... Read more

by: Sydney Finkelstein
Published: May 14, 2017
Tags: management, management best practices

Drucker Today

Robert W. Swaim

How Corporations Can Plan for Innovation…And Survive:

"The large organization has to learn to innovate, or it will not survive. —Peter F. DruckerMany books by Peter F. Drucker stressed that the first step in developing a vision for any organization is "getting rid of yesterday." Drucker, who is considered the father of modern management thinking, says this also holds true for innovation.Too many companies, Drucker observed, continue to devote... Read more

by: Robert Swaim
Published: April 18, 2017
Tags: Peter F. Drucker, innovation, abandonment

Robert W. Swaim

Managing White-Collar vs. Blue-Collar Workers: What All Employers Should Know :

Only one in seven employees in developed countries does work that requires manual labor. While the western world has shifted to a knowledge-based workforce (think: desk jobs that involve more problem-solving and less physical work), there are forces creating new manual labor opportunities. Tech startups like Boxed and Rent the Runway, for instance, hire programmers and developers to build apps as... Read more

by: Robert Swaim
Published: January 17, 2017
Tags: Peter F. Drucker, knowledge worker, manual worker, motivation

Robert W. Swaim

What Motivates the Modern Worker? Peter Drucker on Leading Millennials:

When it comes to managing millennials, so-called “millennial experts” have it all wrong. Instead, the answers to effectively leading the youngest generation in the workforce can be found in a simple theory my friend Peter Drucker formulated 40 years ago. First, a majority of American millennials are “knowledge workers”—a term Drucker coined in 1959 to categorize professionals, such as computer... Read more

by: Robert Swaim
Published: January 17, 2017
Tags: Peter F. Drucker, knowledge worker, manual worker, millennial

Robert W. Swaim

Peter Drucker on Leading Millennials :

A New Industry or Fad?While recently reviewing The Wall Street Journal along with my morning coffee, I came across an article discussing the growing number of intergenerational consultants, particularly those that claim to be experts on young Millennial workers.According to WSJ, "Millennial issues also have become a source of income for a host of self-anointed experts who say they can interpret... Read more

by: Robert Swaim
Published: December 21, 2016
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Essential Management for Doers Doubters and Darers

Jim Champy

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 more

by: Jim Champy
Published: April 9, 2017
Tags: Peter F. Drucker, transformational change

Jim Champy

Advice for the Ambitious:

Editor's NoteToday there’s lots of discussion advocating for greater “equality of income,” but little talk of “equality of effort.” Jim Champy, as usual, offers rich insights about the importance of ambition in determining success.Further, he provides us with a much-needed reminder of the ideal values to which managers and executives should bind their ambitions. This article shows Champy at his... Read more

by: Jim Champy
Published: March 12, 2017
Tags: Peter F. Drucker, ambition

Jim Champy

Reskilling for the Changing World of Work:

The presidential campaign painfully illuminated the incredible loss of manufacturing jobs in the U.S.The causes are clear: free trade policies have made it easy for companies to move manufacturing jobs to countries with dramatically lower labor costs; some industries—like coal—are being replaced by lower-cost alternatives; and technology is enabling companies to operate with fewer and fewer... Read more

by: Jim Champy
Published: January 12, 2017
Tags: jobs, economy, reskilled workforce, manufacturing

Jim Champy

Startups Fail Because They Don’t Ask These Three Drucker Questions:

Editor's Note:Peter F. Drucker maintained he never predicted the future. That's a thankless/impossible task."I just look out the window," Drucker once quipped, "and see what's visible but not yet seen." To the point: There's a big difference between looking versus seeing.In this article, Jim Champy shares with us his "disciplined observations" about what's happening with respect to the so-called... Read more

by: Jim Champy
Published: December 19, 2016
Tags: Peter F. Drucker, startups, management, new economy

Drucker In Practice

Elizabeth Edersheim

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 more

by: Elizabeth Edersheim, Ph.D.
Published: January 27, 2017
Tags: Peter F. Drucker, mark zuckerberg, facebook, fake news

Elizabeth Edersheim

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 more

by: Elizabeth Edersheim, Ph.D.
Published: November 15, 2016
Tags: frances hesselbein, Peter F. Drucker, girl scouts of the usa

Elizabeth Edersheim

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 more

by: Elizabeth Edersheim, Ph.D.
Published: November 11, 2016
Tags: Peter F. Drucker, Jay Hennick, leadership, management

Elizabeth Edersheim

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 more

by: Elizabeth Edersheim, Ph.D.
Published: November 11, 2016
Tags: Jay Hennick, Drucker in Practice, CEO, Interview

The Effective Executive In Turbulent Times

Jeremy Hunter

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 more

by: Jeremy Hunter, Ph.D
Published: July 22, 2016
Tags: self-management, attention, mindfulness, performance, productivity, effectiveness

Jeremy Hunter

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 more

by: Jeremy Hunter, Ph.D
Published: July 14, 2016
Tags: management, questions

Jeremy Hunter

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 more

by: Jeremy Hunter, Ph.D
Published: July 1, 2016
Tags: focus, productivity, open office, modern workplace