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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...Full Article »
Though the annual deficit has been cut from $1.4 trillion in 2009 to $585 billion in 2016, the Congressional Budget Office (CBO) warns that the deficit will soon begin ballooning again. Why? Because Social Security and Medicare costs will skyrocket to cover an aging population, interest payments on our accumulated public debt, and a U.S....Full Article »
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Editor's Note:The concept of opposites is well known to historians, fiction writers and savvy marketers.But it's not well known to many best described as “long on schooling but short on education.”Said Harvard's Ted Levitt: "The prevalence of competing opposites is a persistent theme in the history of mankind; Othello had Iago,...Full Article »
“A superior owes it to his organization to make the strength of every one of his subordinates as productive as it can be. But even more does he owe it to the human beings over whom he exercises authority to help them get the most out of whatever strengths they may have. The organization must serve the individual...” – Peter F. DruckerThe...Full Article »
An organization, whatever its objectives, must be able to get rid of yesterday's tasks and thus free its energies and resources for new and more productive tasks....Full Article »
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...Full Article »
No one can guarantee the performance of a manager or executive appointed to a new position.Indeed, if the reports and surveys we are constantly bombarded with are correct, we can safely say most executives make poor promotion and staffing decisions.By all accounts, about one-third turn out to be right, one-third are marginally effective, and one-...Full Article »
It's an enduring truth: A successful organization is opportunity-focused, not problem-focused.Resources, to produce results, must be allocated to opportunities rather than problems. This is one of Peter F. Drucker's most important principles for sustained success:"An organization will have a high spirit of performance if it is...Full Article »
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So many large corporations think gobbling up a young, fresh startup is their ticket to disruption....Full Article »
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It's time for all executives to rethink how they hire, attract and retain cybersecurity professionals....Full Article »
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13 results
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