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The Effective Executive Summary
The Effective Executive Summary
Peter F. Drucker
1966
Effectiveness
It Can Be Learned
5 Practices
Time
Record it
Manage it
Consolidate it
This is the ultimate finite limiting factor
Memory is not an accurate way to record time
It takes a long time to make people decisions (1 year)
Time in long continuous uninterrupted units is needed to decide who to group for
problems (1st Year)
The more physical work you want to eliminate the more mental work you must
do
Recurrent crisis is laziness
Dont overstaff
Dont have too many meetings
Results
Effective Meeting
Start with what they can do rather than what the job
requires
Lead from personal strengths
Decision Making
The specific executive task
Effective executives make effective decisions
Effective executives concentrate on the important
decisions
The decision is strategic
The decision is based on abstractions at the highest level of
conceptual understanding
The decision leads to real, effective simple action
The decision is based on a few important variables
The decision is sound and makes a real impact
Effective Decisions
Decision is a judgement
Balance between Almost right and Probably Wrong
Right decisions grow out of the clash and conflict of divergent opinions
Right decisions grow on the consideration of competing alternatives
Events are not facts, we must have a criterion of relevance
People always start with an opinion
Most look for facts that already fit the conclusions that they have reached.
Traditional measurements are often not the right measurements
Look for different ways to measure success.
Dont make a decision until there is disagreement.
The right decision demands adequate disagreement.
Disagreements is the birth of alternatives
Disagreement is needed to stimulate the imagination
Effective Decisions