The Essential Drucker: The Best of Sixty Years of Peter Drucker's Essential Writings on Management

The Essential Drucker: The Best of Sixty Years of Peter Drucker's Essential Writings on Management[Reading] ➶ The Essential Drucker: The Best of Sixty Years of Peter Drucker's Essential Writings on Management By Peter F. Drucker – Oaklandjobs.co.uk Father of modern management social commentator and preeminent business philosopher Peter F Drucker analyzed economics and society for than sixty years Now for readers everywhere who are concerned with Father of modern management social Drucker: The eBook ↠ commentator and preeminent business philosopher Peter F Drucker analyzed economics and society for than sixty years Now for readers everywhere who are concerned with the ways that management practices and principles affect the performance of organizations individuals and society there is The Essential Drucker—an invaluable compilation of essential materials from the works of a management legend Containing twenty six core selections The Essential Drucker covers the basic principles and concerns of management and its problems challenges and opportunities giving managers executives and professionals the tools to perform the tasks that The Essential PDF/EPUB or the economy and society of tomorrow will demand of them. I'm a total business book nerd but I really enjoyed this one Some of my favorite uotesIf communication fits in with the aspirations the values the purposes of the recipient it is powerful If it goes against his aspirations his values his motivations it is likely to be received at all or at best to be resistedWaste as little effort as possible on improving areas of low competencecommitment to contribution is commitment to responsible effectiveness Most suppliers don't think of pricing as a strategy Yet pricing enables the customer to pay for what he buys rather than for w for reports and procedures when misused cease to be tools and become malignant masters It should have been obvious from the beginning that management and entrepreneurship are only 2 different dimensions of the same taskIt is clear that organization is not an absolute It is a tool for making people productive in working together There is only one valid definition of business purpose to create a customerAn organization is an organ of society and fulfills itself by the contribution it makes to the outside environmentThe great majority of people tend to focus downward They are occupied with efforts rather than with results They worry over what the organization and their superiors owe them and should do for themAnd they are conscious above all of the authority they should have As a result they render themselves ineffectualTo ask What can I contribute? is to look for the unused potential in the job And what is considered excellent performance in a good many positions is often but a pale shadow of the job's full potential of contributionCommitment to contribution is commitment to responsible effectivenessThe understanding that underlies the right decisions grows out of the clash and conflict of divergent opinions and out of the serious consideration of competing alternativesIndeed charisma does not by itself guarantee effectiveness as a leader John F Kennedy may have been the most charismatic person ever to occupy the White House Yet few presidents got as little doneBut precisely because an effective leader knows that he and no one else is ultimately responsible he is not afraid of the strength in associates and subordinates An effective leader knows that the ultimate task of leadership is to create human energies and human visionEffective leadership is not based on being clever; it is based primarily on being consistentThere is no known way to teach someone how to be a geniusIncompetence after all is the only thing in abundant and never failing supplyThe essence of management is to make knowledge productiveInnovation and entrepreneurship are thus needed in society as much as in the economy in public service institutions as much as in business What we need is an entrepreneurial society in which innovation and entrepreneurship are normal steady and continualThe correct assumption in an entrepreneurial society is that individuals will have to learn new things well after they have become adults and maybe than onceThe community that is needed in post capitalist society and needed especially by the knowledge worker has to be based on commitment and compassion rather than being imposed by proximity and isolationFree market tomorrow means flow of information rather than trade It also means that the center of gravity and the center of power will be the customer The plain spoken stark insights in this book made me feel like I was reading philosophy although the subject matter is management He really has pioneered a theoretical discipline of management and I found his thinking to be both pragmatically informative AND intellectually stimulating Anyone interested in Organizational Behaviour or Management or perhaps even economic organizational thought should get a good dose of Peter Drucker and I felt like I got that in this excellent compilation He is an unuestionably brilliant thinker and even reading a few pages is worth the knowledge gained from doing so I particularly liked his insights in the early chapters about profit incentives and how the microeconomic approach is both correct but flawed Sometimes he doesn't offer an alternate explanation to problems he just thoroughly outlines why the present ones are becoming obsolete I loved this book Reading The Essential Drucker is like listening to a boxed set from your favorite recording artist in vinyl format The music is timeless and so is the business advice of Peter DruckerHere are a hand selected dozen of The Greatest Hits you will experience during this journey through six decades of mastering the art and science of managementThere is only one valid definition of business purpose to create a customerBecause its purpose it to create a customer the business enterprise has two and only these two basic functions marketing and innovationResults exist only on the outside The result of a business is a satisfied customerCustomers pay only for what is of use to them and gives them value Nothing else constitutes ualityThe aim of marketing is to know and understand the customer so well that the product or service fits him and sells itselfBeing at least as good as the industry leader is a prereuisite for being competitiveThe business leader's first task is to be the trumpet that sounds a clear soundThere is no correlation unless it be a negative one between performance as a bench engineer and performance as a managerNot to innovate is the single largest reason for the decline of existing organizations Not to know how to manage is the single largest reason for the failure of new venturesAn innovation to be effective has to be simple and it has to be focused It should do only one thing; otherwise it confuses If it is not simple it will not workNot enough people have at least one first rate skill or knowledge areaWaste as little effort as possible on improving areas of low competenceAsk your leadership team how familiar they are with the business teachings of Peter Drucker Receiving a response like Who is Peter Drucker? is like hearing Who were The Beatles? The chapters in this book come from books and essays that were previously published The preface identifies where the chapters came fromI finished reading The Essential Drucker today I started reading it over a year ago and my reading in it languished During that period of not reading it I managed to pick up a second copy at a used book store Even though I wasn't currently reading it I have found his writings to be solid Then a few weeks ago I picked it up and began reading in earnest Since it had been so long since I read the first few chapters I started from page 1It has been a fascinating adventure to read it I have been continually amazed that articles he wrote roughly 25 years ago stated the very problems that are vexing us today and as a Management Consultant he gives his recommendations on which direction to goIn many places it caused me to think about things in new ways in other places I was caused to think about issues deeply than before In all of the chapters I held a red pen in my hand to mark paragraphs that were interesting Reasons for marking them varied sometimes I wanted to share what I had read Other times I felt he expressed something particularly well in other places there were snippets of information that I hadn't known and wanted to remember Just about every chapter now has it's share of red pen marks delineating what I found to be the notable passages What to say about a book trying to summarize the essentials of Peter Drucker's thinking and writing? Maybe this if you read only one book about business in your whole life read this oneIt's not written in the typical upbeat and hands on style one expects from business books these days; it is uite the contrary a very dense thoughtful and hard to digest glimpse into many areas of business starting with management within an enterprise switching over to the role of the individual in the enterprise and ending with the responsibility towards societyEvery time I go through my notes and memorable uotes from the book I'm stunned with what accuracy Drucker captured thoughts of what years and decades later would become the“hot topics” in both academic and non academic business thinking Grab any business book these days and you can be sure you'll find early references to that topic in Drucker's work “Not to innovate is the single largest reason for the decline of existing organizations Not to know how to manage is the single largest reason for the failure of new ventures”Highlights of Drucker's management body of knowledge created during 60 years published almost 20 years ago means the contents have to be taken with certain reservations ie introducing the knowledge worker as a new phenomena There are many ageless principles in this book as it's still very often cited by management books published in present day yet I would say that the principles covered in Effective Executive have aged the best so definitely recommending to read that book out of Drucker's many books “Every enterprise reuires commitment to common goals and shared values Without such commitment there is no enterprise; there is only a mob The enterprise must have simple clear and unifying objectives The mission of the organization has to be clear enough and big enough to provide common vision The goals that embody it have to be clear public and constantly reaffirmed Management’s first job is to think through set and exemplify those objectives values and goals Management”“To be sure the fundamental task of management remains the same to make people capable of joint performance through common goals common values the right structure and the training and development they need to perform and to respond to change”“Success always makes obsolete the very behavior that achieved it It always creates new realities It always creates above all its own and different problems Only the fairy tale ends “They lived happily ever after” I don't think I gave this book a fair shake I don't think I was focusing on it very well It was just really boring Read Innovation and Entrepreneurship That book rulesuotesThe fundamental task of management remains the same to make people capable of joint performance through common goals cmmon values the right structure and the training and development they need to perform and to respond to change But the very meaning of this task has changed if only because the performance of management has converted the workforce from one composed largely of unskilled laborers to one of highly educated knowledge workersManagement is not exclusively business management It pertains to every human effort hat brings together in one organization people of diverse knowledge and skillsIn fact social innovation as this chapter tries to make clear may be of greater importance and have much greater impact than any scientific or technical inventionManagement is about human beings Its task is to make people capable of joint performance to make their strengths effective and their weaknesses irrelevantThere will always one can assume be the need for some selling But the aim of marketing is to make selling superfluous The aim of marketing is to know and understand the customer so well that the product or service fits him and sells itselfWith respect to the definition of business purpose and business mission there is only one such focus one starting point It is the customer The customer defines the business A business is not defined by the company's name statutes or articles of incorporation It is defined by the want the customer satisfies when he or she buys a product or a service To satisfy the customer is the mission and purpose of every business The uestion What is our business? can therefore be answered only by looking at the business from the outside from the point of view of customer and market All the customer is interested in are his or her own values wants and reality For this reason alone any serious attempt to state what our business is must start with the customer's realities his situation his behavior his expectations and his valuesSuccess always makes obsolete the very behavior that achieved it It always creates new realities It always creates above all its own and different problemsGood intentions are no substitute for organization and leadership for accountability performance and resultsTo make elimination of of an impact into a business opportunity should always be attempted But it cannot be done in many cases More often eliminating an impact means increasing the costs What was an externality for which the general public paid becomes business cost It therefore becomes a competitive disadvantage unless everybody in the industry accepts the same rule And this in most cases can be done only by regulation that means by some form of public actionIf the investment is successful and especially if it is successful than we expect what will it commit us to? The Essential Drucker is one of those books that is tough to review because it covers so much great content with such a deep level of insight What's most remarkable is that he covers the huge subject of management in a 350 page book but it's so packed full of information that it seems like the book should have been like 1000 pages He covers subjects such as Dimensions of Management Mission Worker Achievement and Social Responsibilities transparency and responsibility in organizations how to set and review standards for performance and promotion how to manage through objectives and structured feedback communications with subordinates and superiors basic principles of hiring decision making if you put a person in a position and they don't perform that's your mistake the soldier has a right to competent command people decisions are the most important because they determine the capacity of the organization and don't give new people major assignments because it compounds risk entrepreneurial strategies fast and hard going where they're not finding and occupying a niche and changing the economic characteristics of a product market or an industry design of experiments to assess management effectiveness and even time management and personal development Drucker spends the last bit of the book discussing the rise of the knowledge economy and the changes that it is going to bring Although this was written a while ago Drucker is mostly right on and has insights on the growing importance of personal development and the exponential growth in productivity of the knowledge worker Interestingly he also touches on the topic of what should intelligent people do with their free time? He suggests that and people are devoting significant amounts of times to non profits but aren't just ladling out soup at the soup kitchen but instead are bringing their skills from work to the non profit sector He stresses that managers have a particularly important role to play in this sphereA great book My only complaint is that because it's an amalgamation of Drucker's other works there is sometimes slight overlap in his stories and by the end you'll be sick and tired of hearing about Alfred Sloan and General Motors even though he was the man I know that Drucker is one of the foremost authorities on 20th century Management I know that his contemporaries consider Drucker a genius I personally simply have a hard time following his writings and this book was no exception The Essential Drucker compiles a Reader's Digest Version from his top works on management and leadership Covering topics such as his famous predictions on knowledge work economy to the entrepreneurial spirit of the future employee Drucker dives into managing and leading these people A good portion of the book is dedicated to how in the knowledge worker economy volunteerism will continue to rise pioneering new methods of management and leadershipIt does amaze me how accurate many of Drucker's observations were The Essential Drucker is a good opportunity to dip your toes into many of the key areas that are still relevant in today's economy The person who recommended this book gave me a list of chapters he found worthwhile I decided to ignore his advice and just read the whole thing I probably should have just read the recommended chapters as some sections were much better than others Fortunately it's easy to skim through the slow parts Worthwhile for sure