The Effective Executive by Peter F. Drucker and Jim Collins Flashcards
The most effective among us have the same number of hours as everyone else, yet they deploy them better, often much better than people with far greater raw talent.
The Effective Executive by Peter F. Drucker and Jim Collins
1: First, manage thyself.
The Effective Executive by Peter F. Drucker and Jim Collins
2: Do what you’re made for.
The Effective Executive by Peter F. Drucker and Jim Collins
One of Drucker’s most arresting points is that we are all incompetent at most things. The crucial question is not how to turn incompetence into excellence, but to ask, “What can a person do uncommonly well?”.
The Effective Executive by Peter F. Drucker and Jim Collins
3: Work how you work best (and let others do the same).
The Effective Executive by Peter F. Drucker and Jim Collins
4: Count your time, and make it count.
The Effective Executive by Peter F. Drucker and Jim Collins
The “secret” of people who do so many difficult things, writes Drucker, is that they do only one thing at a time; they refuse to let themselves be squandered away in “small driblets [that] are no time at all. ”.
The Effective Executive by Peter F. Drucker and Jim Collins
5: Prepare better meetings.
The Effective Executive by Peter F. Drucker and Jim Collins
Those who make the most of meetings frequently spend substantially more time preparing for the meeting than in the meeting itself.
The Effective Executive by Peter F. Drucker and Jim Collins
If meetings come to dominate your time, then your life is likely being ill-spent.
The Effective Executive by Peter F. Drucker and Jim Collins
6: Don’t make a hundred decisions when one will do.
The Effective Executive by Peter F. Drucker and Jim Collins
7: Find your one big distinctive impact.
The Effective Executive by Peter F. Drucker and Jim Collins
8: Stop what you would not start.
The Effective Executive by Peter F. Drucker and Jim Collins
9: Run lean.
The Effective Executive by Peter F. Drucker and Jim Collins
The accomplishments of a single right person in a key seat dwarf the combined accomplishment of dividing the seat among multiple B-players.
The Effective Executive by Peter F. Drucker and Jim Collins
Get better people, give them really big things to do, enlarge their responsibilities, and let them work.
The Effective Executive by Peter F. Drucker and Jim Collins
10: Be useful.
The Effective Executive by Peter F. Drucker and Jim Collins
At one point, I asked him which of his twenty-six books he was most proud of, to which Drucker, then 86, replied: “The next one!” He wrote ten more.
The Effective Executive by Peter F. Drucker and Jim Collins
A great teacher can change your life in thirty seconds.
The Effective Executive by Peter F. Drucker and Jim Collins
Management is largely by example.
The Effective Executive by Peter F. Drucker and Jim Collins
Have not come across a single “natural”: an executive who was born effective. All the effective ones have had to learn to be effective. And all of them then had to practice effectiveness until it became habit. But all the ones who worked on making themselves effective executives succeeded in doing so. Effectiveness can be learned—and it also has to be learned.
The Effective Executive by Peter F. Drucker and Jim Collins
The effectiveness of the individual depends increasingly on his or her ability to be effective in an organization, to be effective as an executive.
The Effective Executive by Peter F. Drucker and Jim Collins
• They asked, “What needs to be done?” • They asked, “What is right for the enterprise?” • They developed action plans. • They took responsibility for decisions. • They took responsibility for communicating. • They were focused on opportunities rather than problems. • They ran productive meetings. • They thought and said “we” rather than “I. ”.
The Effective Executive by Peter F. Drucker and Jim Collins
The answer to the question “What needs to be done?” almost always contains more than one urgent task. But effective executives do not splinter themselves. They concentrate on one task if at all possible.
The Effective Executive by Peter F. Drucker and Jim Collins
He asked himself which of the two or three tasks at the top of the list he himself was best suited to undertake. Then he concentrated on that task; the others he delegated.
The Effective Executive by Peter F. Drucker and Jim Collins
Effective executives try to focus on jobs they’ll do especially well.
The Effective Executive by Peter F. Drucker and Jim Collins
A written plan should anticipate the need for flexibility.
The Effective Executive by Peter F. Drucker and Jim Collins
Without an action plan, the executive becomes a prisoner of events.
The Effective Executive by Peter F. Drucker and Jim Collins
Take responsibility for decisions A decision has not been made until people know: • the name of the person accountable for carrying it out; • the deadline; • the names of the people who will be affected by the decision and therefore have to know about, understand, and approve it—or at least not be strongly opposed to it; and • the names of the people who have to be informed of the decision, even if they are not directly affected by it.
The Effective Executive by Peter F. Drucker and Jim Collins
Studies of decisions about people show that only one third of such choices turn out to be truly successful. One third are likely to be draws—neither successes nor outright failures. And one third are failures, pure and simple.
The Effective Executive by Peter F. Drucker and Jim Collins
Systematic decision review also shows executives their own weaknesses, particularly the areas in which they are simply incompetent. In these areas, smart executives don’t make decisions or take actions. They delegate. Everyone has such areas; there’s no such thing as a universal executive genius.
The Effective Executive by Peter F. Drucker and Jim Collins
Chester Barnard’s 1938 classic, The Functions of the Executive,.
The Effective Executive by Peter F. Drucker and Jim Collins
Organizations are held together by information rather than by ownership or command.
The Effective Executive by Peter F. Drucker and Jim Collins
Effective executives put their best people on opportunities rather than on problems.
The Effective Executive by Peter F. Drucker and Jim Collins
One way to staff for opportunities is to ask each member of the management group to prepare two lists every six months—a list of opportunities for the entire enterprise and a list of the best-performing people throughout the enterprise.
The Effective Executive by Peter F. Drucker and Jim Collins
In a meeting of some sort—more than half of every business day.
The Effective Executive by Peter F. Drucker and Jim Collins
Good executives don’t raise another matter for discussion. They sum up and adjourn.
The Effective Executive by Peter F. Drucker and Jim Collins
Effective executives know that any given meeting is either productive or a total waste of time.
The Effective Executive by Peter F. Drucker and Jim Collins
Listen first, speak last.
The Effective Executive by Peter F. Drucker and Jim Collins
The executive is, first of all, expected to get the right things done. And this is simply that he is expected to be effective.
The Effective Executive by Peter F. Drucker and Jim Collins
Intelligence, imagination, and knowledge are essential resources, but only effectiveness converts them into results.
The Effective Executive by Peter F. Drucker and Jim Collins
Modern society is a society of large organized institutions.
The Effective Executive by Peter F. Drucker and Jim Collins
The responsibility is always mine, but the decision lies with whoever is on the spot. ”.
The Effective Executive by Peter F. Drucker and Jim Collins
I have called “executives” those knowledge workers, managers, or individual professionals who are expected by virtue of their position or their knowledge to make decisions in the normal course of their work that have significant impact on the performance and results of the whole.
The Effective Executive by Peter F. Drucker and Jim Collins
The executive’s time tends to belong to everybody else. If one attempted to define an “executive” operationally (that is, through his activities) one would have to define him as a captive of the organization. Everybody can move in on his time, and everybody does.
The Effective Executive by Peter F. Drucker and Jim Collins
The third reality pushing the executive toward ineffectiveness is that he is within an organization. This means that he is effective only if and when other people make use of what he contributes.
The Effective Executive by Peter F. Drucker and Jim Collins
Usually the people who are most important to the effectiveness of an executive are not people over whom he has direct control. They are people in other areas, people who in terms of organization, are “sideways. ” Or they are his superiors.
The Effective Executive by Peter F. Drucker and Jim Collins
The less an organization has to do to produce results, the better it does its job.
The Effective Executive by Peter F. Drucker and Jim Collins
It is the inside of the organization that is most visible to the executive.
The Effective Executive by Peter F. Drucker and Jim Collins
Unless he makes special efforts to gain direct access to outside reality, he will become increasingly inside-focused. The higher up in the organization he goes, the more will his attention be drawn to problems and challenges of the inside rather than to events on the outside.
The Effective Executive by Peter F. Drucker and Jim Collins
Every part of an amoeba is in constant, direct contact with the environment. It therefore needs no special organs to perceive its environment or to hold it together. But a large and complex animal such as man needs a skeleton to hold it together. It needs all kinds of specialized organs.
The Effective Executive by Peter F. Drucker and Jim Collins
Most of the mass of the amoeba is directly concerned with survival and procreation. Most of the mass of the higher animal—its resources, its food, its energy supply, its tissues—serves to overcome and offset the complexity of the structure and the isolation from the outside.
The Effective Executive by Peter F. Drucker and Jim Collins
“facts. ” For a fact, after all, is an event which somebody has defined, has classified, and, above all, has endowed with relevance.
The Effective Executive by Peter F. Drucker and Jim Collins
The truly important events on the outside are not the trends. They are changes in the trends.
The Effective Executive by Peter F. Drucker and Jim Collins
Man, however, while not particularly logical is perceptive—and that is his strength.
The Effective Executive by Peter F. Drucker and Jim Collins
The experience of the human race indicates strongly that the only person in abundant supply is the universal incompetent.
The Effective Executive by Peter F. Drucker and Jim Collins
Effectiveness, in other words, is a habit;.
The Effective Executive by Peter F. Drucker and Jim Collins
Effective executives know where their time goes.
The Effective Executive by Peter F. Drucker and Jim Collins
Effective executives focus on outward contribution. They gear their efforts to results rather than to work. They start out with the question, “What results are expected of me?” rather than with the work to be done, let alone with its techniques and tools.
The Effective Executive by Peter F. Drucker and Jim Collins
Effective executives build on strengths—their own strengths, the strengths of their superiors, colleagues, and subordinates; and on the strengths in the situation, that is, on what they can do. They do not build on weakness. They do not start out with the things they cannot do.
The Effective Executive by Peter F. Drucker and Jim Collins
Effective executives concentrate on the few major areas where superior performance will produce outstanding results. They force themselves to set priorities and stay with their priority decisions.
The Effective Executive by Peter F. Drucker and Jim Collins
Effective executives, finally, make effective decisions.
The Effective Executive by Peter F. Drucker and Jim Collins
They know that to make many decisions fast means to make the wrong decisions. What is needed are few, but fundamental, decisions. What is needed is the right strategy rather than razzle-dazzle tactics.
The Effective Executive by Peter F. Drucker and Jim Collins
Effective executives, in my observation, do not start with their tasks. They start with their time. And they do not start out with planning. They start by finding out where their time actually goes. Then they attempt to manage their time and to cut back unproductive demands on their time. Finally they consolidate their “discretionary” time into the largest possible continuing units.
The Effective Executive by Peter F. Drucker and Jim Collins
One cannot rent, hire, buy, or otherwise obtain more time.
The Effective Executive by Peter F. Drucker and Jim Collins
Time is totally perishable and cannot be stored. Yesterday’s time is gone forever and will never come back. Time is, therefore, always in exceedingly short supply.
The Effective Executive by Peter F. Drucker and Jim Collins
Everything requires time. It is the one truly universal condition.
The Effective Executive by Peter F. Drucker and Jim Collins
The effective executive therefore knows that to manage his time, he first has to know where it actually goes.
The Effective Executive by Peter F. Drucker and Jim Collins
Similar time-wasters abound in the life of every executive.
The Effective Executive by Peter F. Drucker and Jim Collins
If one can lock the door, disconnect the telephone, and sit down to wrestle with the report for five or six hours without interruption, one has a good chance to come up with what I call a “zero draft”—the one before the first draft. From then on, one can indeed work in fairly small installments, can rewrite, correct, and edit section by section, paragraph by paragraph, sentence by sentence.
The Effective Executive by Peter F. Drucker and Jim Collins
People are time-consumers. And most people are time-wasters.
The Effective Executive by Peter F. Drucker and Jim Collins
“What should we at the head of this organization know about your work?.
The Effective Executive by Peter F. Drucker and Jim Collins
The larger the organization, therefore, the less actual time will the executive have. The more important will it be for him to know where his time goes and to manage the little time at his disposal.
The Effective Executive by Peter F. Drucker and Jim Collins
Among the effective executives I have had occasion to observe, there have been people who make decisions fast, and people who make them rather slowly. But without exception, they make personnel decisions slowly and they make them several times before they really commit themselves.
The Effective Executive by Peter F. Drucker and Jim Collins
Alfred P. Sloan, Jr. , former head of General Motors, the world’s largest manufacturing company, was reported never to make a personnel decision the first time it came up. He made a tentative judgment, and even that took several hours as a rule. Then, a few days or weeks later, he tackled the question again, as if he had never worked on it before.
The Effective Executive by Peter F. Drucker and Jim Collins
People are always “almost fits” at best.
The Effective Executive by Peter F. Drucker and Jim Collins
First one tries to identify and eliminate the things that need not be done at all, the things that are purely waste of time without any results whatever.
The Effective Executive by Peter F. Drucker and Jim Collins
“What would happen if this were not done at all?” And if the answer is, “Nothing would happen,” then obviously the conclusion is to stop doing it. It is amazing how many things busy people are doing that never will be missed.
The Effective Executive by Peter F. Drucker and Jim Collins
All one has to do is to learn to say “no” if an activity contributes nothing to one’s own organization, to oneself, or to the organization for which it is to be performed.
The Effective Executive by Peter F. Drucker and Jim Collins
The next question is: “Which of the activities on my time log could be done by somebody else just as well, if not better?”.
The Effective Executive by Peter F. Drucker and Jim Collins
Delegation makes little sense. If it means that somebody else ought to do part of “my work,” it is wrong. One is paid for doing one’s own work. And if it implies, as the usual sermon does, that the laziest manager is the best manager, it is not only nonsense; it is immoral.
The Effective Executive by Peter F. Drucker and Jim Collins
“Delegation” as the term is customarily used is a misunderstanding—is indeed misdirection. But getting rid of anything that can be done by somebody else so that one does not have to delegate but can really get to one’s own work—that is a major improvement in effectiveness.
The Effective Executive by Peter F. Drucker and Jim Collins
A common cause of time-waste is largely under the executive’s control and can be eliminated by him. That is the time of others he himself wastes.
The Effective Executive by Peter F. Drucker and Jim Collins
“What do I do that wastes your time without contributing to your effectiveness?”.
The Effective Executive by Peter F. Drucker and Jim Collins
Even very effective executives still do a great many unnecessary, unproductive things.
The Effective Executive by Peter F. Drucker and Jim Collins
Poor management wastes everybody’s time—but above all, it wastes the manager’s time.
The Effective Executive by Peter F. Drucker and Jim Collins
A well-managed factory is boring. Nothing exciting happens in it because the crises have been anticipated and have been converted into routine.
The Effective Executive by Peter F. Drucker and Jim Collins
A well-managed organization is a “dull” organization.
The Effective Executive by Peter F. Drucker and Jim Collins
Much more common is the work force that is too big for effectiveness, the work force that spends, therefore, an increasing amount of its time “interacting” rather than working.
The Effective Executive by Peter F. Drucker and Jim Collins
People get into each other’s way. People have become an impediment to performance, rather than the means thereto. In a lean organization people have room to move without colliding with one another and can do their work without having to explain it all the time.
The Effective Executive by Peter F. Drucker and Jim Collins
Another common time-waster is malorganization. Its symptom is an excess of meetings.
The Effective Executive by Peter F. Drucker and Jim Collins
Meetings are by definition a concession to deficient organization for one either meets or one works. One cannot do both at the same time.
The Effective Executive by Peter F. Drucker and Jim Collins
In an ideally designed structure (which in a changing world is of course only a dream) there would be no meetings. Everybody would know what he needs to know to do his job. Everyone would have the resources available to him to do his job. We meet because people holding different jobs have to cooperate to get a specific task done. We meet because the knowledge and experience needed in a specific situation are not available in one head, but have to be pieced together out of the experience and knowledge of several people.
The Effective Executive by Peter F. Drucker and Jim Collins
There will always be more than enough meetings.
The Effective Executive by Peter F. Drucker and Jim Collins
But if executives in an organization spend more than a fairly small part of their time in meeting, it is a sure sign of malorganization.
The Effective Executive by Peter F. Drucker and Jim Collins
Every meeting generates a host of little follow-up meetings—some formal, some informal, but both stretching out for hours. Meetings, therefore, need to be purposefully directed.
The Effective Executive by Peter F. Drucker and Jim Collins
An undirected meeting is not just a nuisance; it is a danger.
The Effective Executive by Peter F. Drucker and Jim Collins
But above all, meetings have to be the exception rather than the rule. An organization in which everybody meets all the time is an organization in which no one gets anything done.
The Effective Executive by Peter F. Drucker and Jim Collins
There are exceptions, special organs whose purpose it is to meet—the boards of directors,.
The Effective Executive by Peter F. Drucker and Jim Collins
A rule, meetings should never be allowed to become the main demand on an executive’s time. Too many meetings always bespeak poor structure of jobs and the wrong organizational components.
The Effective Executive by Peter F. Drucker and Jim Collins
Too many meetings signify that work that should be in one job or in one component is spread over several jobs or several components.
The Effective Executive by Peter F. Drucker and Jim Collins
The last major time-waster is malfunction in information.
The Effective Executive by Peter F. Drucker and Jim Collins
I have found out that my attention span is about an hour and a half. If I work on any one topic longer than this, I begin to repeat myself. At the same time, I have learned that nothing of importance can really be tackled in much less time.
The Effective Executive by Peter F. Drucker and Jim Collins
I have yet to come across a crisis which could not wait ninety minutes. ”.
The Effective Executive by Peter F. Drucker and Jim Collins
The higher up an executive, the larger will be the proportion of time that is not under his control and yet not spent on contribution. The larger the organization, the more time will be needed just to keep the organization together and running, rather than to make it function and produce.
The Effective Executive by Peter F. Drucker and Jim Collins
The effective executive therefore knows that he has to consolidate his discretionary time. He knows that he needs large chunks of time and that small driblets are no time at all.
The Effective Executive by Peter F. Drucker and Jim Collins
Even one quarter of the working day, if consolidated in large time units, is usually enough to get the important things done. But even three quarters of the working day are useless if they are only available as fifteen minutes here or half an hour there.
The Effective Executive by Peter F. Drucker and Jim Collins
Other men schedule all the operating work—the meetings, reviews, problem-sessions, and so on—for two days a week, for example, Monday and Friday, and set aside the mornings of the remaining days for consistent, continuing work on major issues.
The Effective Executive by Peter F. Drucker and Jim Collins
Another fairly common method is to schedule a daily work period at home in the morning.
The Effective Executive by Peter F. Drucker and Jim Collins
Effective executives start out by estimating how much discretionary time they can realistically call their own. Then they set aside continuous time in the appropriate amount.
The Effective Executive by Peter F. Drucker and Jim Collins