Book 121 of 141

    From the library

    The Practice of Management

    Peter Drucker, 1954

    In one paragraph

    Drucker's foundational work on management theory that introduced key concepts like management by objectives and the role of the modern manager.

    Also tagged

    Management
    Leadership

    Where this sits in the operating system

    Systematic Operations

    Systems Over Goals

    Right People First

    People & Relationships

    Measurement Systems

    Systems Over Goals

    Key insights

    Management is a discipline with its own body of knowledge, an idea that had to be argued for in 1954 and is now assumed.

    The purpose of a business is to create a customer. Everything internal is cost.

    Management by objectives, and the insistence that objectives be set by the person accountable rather than handed down.

    Recognise it early

    The failure and the correction sit side by side deliberately. Read the left column asking whether any of it is already true of you.

    What goes wrong

    Confusing activity with achievement

    Effectiveness is doing the right thingsfocus on impact over effort

    Setting objectives without clear measurement

    What gets measured gets manageddefine success metrics first

    Managing people instead of managing work

    Create systems that enable self-management and productivity

    Neglecting systematic innovation

    Innovation is the specific instrumentbuild innovation into management practice

    Keeping obsolete practices

    People are attached to the obsoletesystematically eliminate what doesn't work

    The same idea, argued differently

    Ryan Deiss

    Gene Kim, Kevin Behr, George Spafford

    Brian Christian, Tom Griffiths

    Dan Sullivan, Benjamin Hardy

    The full breakdown

    Before you close this

    Naming the specific moment you will act roughly doubles the odds you do.

    Reference

    Author
    Peter Drucker
    Published
    1954
    Category
    Business
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