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PETER DRUKER
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Dan Schaeffer probably should read the section on the relationship between
the CEO and the Board.
the New Manager Development Course
“The most mature and
most cogent statement
on Scientific
Management is still the
testimony Taylor gave
before the House of
Representatives in 1912.”
LWS - Foreman has the
toughest job. Workers
view him as mgmt.
Mgmt views him as a
worker
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Output is limited by the scarcest resource
Time is the limiting factor, the most scarce
resource
Can always acquire more money or people
But one cannot obtain more time

The Supply of Time is totally inelastic
No matter how high the price, the supply
cannot increase
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Management is doing things right; leadership is doing the right things.
Peter Drucker
Lesson 1 : First know what’s right

It helps pave the way for thinking about effective management.
Lesson 2 : Boundary conditions for effective decisions
Lesson 3 : Know thy time
Lesson 4 : What our business is, will be, and should be.
Lesson 5 : Develop disagreement rather than consensus
Lesson 6 : Effectiveness over universal expert.

You can’t be an expert in all things. You can
round out your knowledge and get the basics,
while still specializing in a few areas.
Lesson 7 : Focus on the customer
Lesson 8 : Manage by objectives
Lesson 9 : Planned abandonment
Lesson 10 : Productivity objectives
Lesson 11 : Innovation Objectives
Lesson 12 : Resource objectives
Lesson 13 : Social responsibility objectives
Lesson 14 : Leadership is defined by results only
Lesson 15 : Opinions over facts
Lesson 16 : Effectiveness over efficiency
Lesson 18 : Employees are assets
Lesson 19 : How much profit do you really need to make?
Lesson 20 : 5 bad entrepreneurial habits
Lesson 21 : Non-profits provide fulfillment
Lesson 22 : Learning is a lifelong process
Lesson 23 : No plan means no commitment
Lesson 24 : Of those things, which are right for me?
Lesson 25 : Service to others
Peter Drucker has added significance to the lives of many people over the
span of decades and for that we are grateful. The world has lost a great
man, but I suspect that Heaven will become a more efficient place as a
result!

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