Friday, September 26, 2008

Peter Drucker's mantras for success

Each time you read something Peter Drucker has said, there's the sensation that a flash bulb has gone off inside your head. This is because the Drucker-isms, as the legendary management gurus's mantras as known, are something you've always known; but rarely heard put so succinctly.
Born on November 19, 1909, Drucker was the giant who defined management and aided in the rise of the modern corporations. Over the last few decades, new gurus may have replaced Drucker, but his books and his management principles continue to be a steadfast bedrock of the corporate world.
Among the other hats he donned included that of a finance reporter in Germany early stages of his career. Drucker, who was born in Vienna, moved to England -- where he had studied -- to escape Hitler. He took up a job as a securities analyst for an insurance firm. Four years later, he moved to the United States, where he began his academic career.
Drucker, who has authored numerous books on the principles that should govern the corporate world, helped develop the US's first executive MBA programme at the Claremont Graduate University; the university's management school is known as the Peter F Drucker School of Management (it was name in his honour in 1987).
He died on November 11, 2005, disillusioned with the increasingly capitalistic trend being displayed by the business world. His principles, however, stand rock-steady and continue to inspire millions of employees, employers and entrepreneurs across the world
Efficiency is doing better what is already being done.
The productivity of work is not the responsibility of the worker but of the manager.
Follow effective action with quiet reflection. From the quiet reflection will come even more effective action.
No institution can possibly survive if it needs geniuses or supermen to manage it. It must be organised in such a way as to be able to get along under a leadership composed of average human beings.
The most important thing in communication is to hear what isn't being said. Read On

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