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In the competitive world of business, ineffectiveness inevitably shows up on the profit and loss statements and balance sheets of any type of institution, be it a business, university, or government agency. The only test of management that matters is performance. Either management performs or it doesn't. More than 30 years ago,...Full Article »
Editor's Note: In a 1988 Wall Street Street Journal entitled Leadership: More Doing Than Dash, Peter F. Drucker demolished the notion that effective leadership is linked to charisma.Jean Lipman-Blumen in The Drucker Difference (McGraw-Hill, 2010) penned a beautiful chapter entitled A Pox on Charisma. She provides provocative insights and...Full Article »
There are two ways to imitate the innovations of others—namely; (1) developing a "me-too” or copycat offering to compete directly against the originator's innovation and; (2) launching a creative imitation of a rival's success.The difference between a "copycat” and "creative imitation" strategy is straightforward.A "me-too" offering is a...Full Article »
Editor's Note: We live in a business world that increasingly worships innovation. Why? Because it is essential to sustaining long-term growth and profits.But before all our energy and imagination is directed at producing and managing innovation, it's useful in to look at the realities of business life. Most "newness" is not...Full Article »
From the moment The Effective Executive hit the bookshelves in 1967, Peter F. Drucker was leading a self-management revolution.Drucker's central thesis? "Knowledge workers must take responsibility for managing themselves."In both The Effective Executive and its superb 2006 sequel The Effective Executive in Action (with Joseph Maciariello),...Full Article »
It's true: Many confuse the process of getting ideas with the agonizing realities of putting them to work.Lack of creativity is not the problem in most organizations. Great ideas almost always abound.The real problem is converting an idea, which is just a good intention, into operational reality.Indeed, a powerful new idea can kick around...Full Article »
Introduction Many believe the way to improve our school system is finding and hiring the best teachers. Others believe the focus of our school system must be on learning rather than teaching. Unfortunately, it’s a false hope to get “better teachers” in quantity. Superior teachers will always be in short supply.What we need is the proper...Full Article »
Every major business publication, in the recent past, has featured articles on the importance of an MBA degree. Business schools have become a thriving growth industry. Of late, many have contended that the university has become a credential cartel controlling the rights of entrance into the job market. Further, many are beginning to question the...Full Article »
Editor's Note The purpose of this article is to provide a basic understanding of performance measurement and control systems as a tool for defining, measuring, and tracking mission-critical performance metrics.In subsequent articles we will discuss the many problems associated with determining what to measure and how to measure it....Full Article »
"Concentration is the key to economic results… Economic results require managers concentrate their efforts on the smallest number of products, product lines, services, customers, markets, distributive channels, end-uses, and so on, that will produce the largest amount of revenue." —Peter F. DruckerEditor's Note:To dominate you have to...Full Article »
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