...Copyright © 2013 by William A. Cohen. All rights reserved. Except as permitted under the United States Copyright Act of 1976, no part of this publication may be reproduced or distributed in any form or by any means, or stored in a database or retrieval system, without the prior written permission of the publisher. ISBN: 978-0-07-177863-3 MHID: 0-07-177863-2 The material in this eBook also appears in the print version of this title: ISBN: 978-0-07177862-6, MHID: 0-07-177862-4. All trademarks are trademarks of their respective owners. Rather than put a trademark symbol after every occurrence of a trademarked name, we use names in an editorial fashion only, and to the benefit of the trademark owner, with no intention of infringement of the trademark. Where such designations appear in this book, they have been printed with initial caps. McGraw-Hill eBooks are available at special quantity discounts to use as premiums and sales promotions, or for use in corporate training programs. To contact a representative please e-mail us at bulksales@mcgraw-hill.com. TERMS OF USE This is a copyrighted work and The McGraw-Hill Companies, Inc. (“McGraw-Hill”) and its licensors reserve all rights in and to the work. Use of this work is subject to these terms. Except as permitted under the Copyright Act of 1976 and the right to store and retrieve one copy of the work, you may not decompile, disassemble, reverse engineer, reproduce, modify, create derivative works based upon, transmit, distribute,...
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...A C L A S S W I T H D R U C K E R This page intentionally left blank A Class with Drucker The Lost Lessons of the World’s Greatest Management Teacher BY WILLIAM A. COHEN, PhD A M E R I C A N NEW YORK I M A N A G E M E N T I A S S O C I A T I O N I AT L A N TA I I B R U S SE L S I CHICAGO I MEXICO CITY I SAN FRANCISCO D. C. S H A N G H A I T O K Y O T O R O N T O W A S H I N G T O N, Special discounts on bulk quantities of AMACOM books are available to corporations, professional associations, and other organizations. For details, contact Special Sales Department, AMACOM, a division of American Management Association, 1601 Broadway, New York, NY 10019. Tel: 212-903-8316. Fax: 212903-8083. E-mail: specialsls@amanet.org Website: www.amacombooks.org/go/specialsales To view all AMACOM titles go to: www.amacombooks.org This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is sold with the understanding that the publisher is not engaged in rendering legal, accounting, or other professional service. If legal advice or other expert assistance is required, the services of a competent professional person should be sought. Library of Congress Cataloging-in-Publication Data Cohen, William A., 1937– A class with Drucker : the lost lessons of the world’s greatest management teacher by William A. Cohen. p. cm. Includes index. ISBN 978-0-8144-0919-0 1...
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...Topic 1. Question 1: Summarize the chief tenets of the scientific management and social person movements. Be sure to identify key players in both movements. (5 page maximum, single spaced.) The scientific management and the social person movement differ noticeably. In its very initial stages, engineers had become vital to the development and installing advances in both technology and power. They were to become a prime source of information about management practices. One strong example would be Henry Towne as it was he whom called for engineers to look beyond the technical side of manufacturing and become involved in the economizing of efforts within the factory itself. The greatest player in the scientific management era being Frederick W. Taylor whom was a central figure in the development of management thought. Taylor gave a push and provided credibility to the idea of management. Taylor and others promoted systematic management with its popularized label of scientific management. It was characterized by advancing technology, market growth, labor unrest, and a lack of knowledge about management, industry in the United States was ripe for methods, systems, and better ways to produce and market products. To meet this need, Taylor provided a voice. Taylor's book 'Shop Management' provided the text for the teaching of industrial management to a growing body of college students who sought positions in industry. Frederick Taylor’s theory focuses...
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...From the first moment I walked into this Positive Psychology class, I knew it would change something about me, for good. As a natural optimist, I was already expecting to have something good come out of this course that would affect my life, broaden my perspective, and somehow change something about my behavior. Little did I know that I would get so much more than just notes, lectures, and homework, I received some important tools for life that can help me in many situations. The five tools I incorporated into my life and do today are benefit finding, the nightly gratitude journal, and importance of flow in life, eudemonia, and the wonder drug. These important five tools that I picked up this semester result in an increase in happiness and so much more. Once of the first things that I remember really stuck out to me was, Professor Susan Thompson’s story of her life as a benefit finder and as a fault-finder. The difference was incredible and from that moment on I dedicated my life to transforming into a benefit-finder for all of life’s situations. I never considered myself as a fault-finder, but it always depended on the situation, now as a benefit-finder my life is open to more opportunities to learn, and move onto the future. For example, recently my little sister and I have been looking for a white Pomeranian breed puppy. Ever she was a little girl she wanted this puppy, and now as a fully employed part-time teen she has made it her job to find one. Together we have been looking...
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...more than being a business owner. It means possessing entrepreneurial qualities and characteristics essential to being a productive citizen and excelling in one’s career. Being entrepreneurial means creating something new or developing ideas or projects; it means not following prescribed paths and thinking outside the box. The entrepreneurial spirit is the heart of a society that moves forward and adapts to changing economic, technological, and social challenges. Entrepreneurial leaders tend to crave new beginnings, recognize a need for change and aren’t afraid to take the necessary risks. In regards to Case’s podcast “People, Passion, Perseverance: You’ve Got Entrepreneurship”, Kouzes’ podcast “Rising to the Leadership Challenge” and Drucker’s article “Entrepreneurial Strategies”, all three passionately briefed about possessing the spirit of being an entrepreneur. The gentlemen shared the same common leadership elements consisting of communication, consistency, caring, creating opportunity and vision. They are highly regarded as enterprising, transformational leaders working in a dynamic market while at the same time offering lucrative opportunity to others. Incidentally, their leadership traits represent the new definition of an entrepreneurial leader. Additionally, the common elements mentioned earlier...
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...Mark Atia 7/25/2012 Extra Credit Assignment THE PRACTICE OF MANAGEMENT BY PETER DRUCKER The introduction is titled “The Nature of Management” and features three chapters. The first chapter is titled “The Role of Management”. The first two sentences in this chapter might be the best definition of a manager anyone has ever written. Drucker states that “the manager is the dynamic, life-giving element in every business. Without his leadership the “resources of production” remain resources and never become production”. To me this sums up what being a manager is all about. Later in the chapter he says “from the peak there is only one easy way to go: downwards. It always requires twice as much effort and skill to stay up as it did to climb up”. A powerful statement, that many do not realize. The second chapter, titled “The Jobs of Management”, Drucker talks about how the jobs of management are usually not known by people within the company. People know who the managers are but aren’t quite sure what they do. He breaks down what a managers’ job involves into a couple of key areas. The first of which is “economic performance”. With this Drucker say that management must always put economic performance first in every decision and action they make because this will justify their existence. Other areas of this chapter focus on management functions which include: their first job is managing a business, managing managers and managing both worker and work. The third chapter is called...
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...Index Page 1 – Index Page Page 2 – Team Members Contribution Page 3 – Introduction Page 4 &5 – Profile (Part1) Page 6&7-- Theory (Part 2) Pages 8, 9, 10 & 11 – Change (Part 3) Pages 12, 13, 14 & 15 – Opportunity (Part 4) Page 16 – Conclusion Pages 17, 18& 19 – Bibliography, References & Journals Pages 20&21 – Log of Team Meetings Pages 22-29 – Copy of PowerPoint Slides Team Members Contribution Introduction – ******* Part 1 – ****** Part 2 – ***** Part 3 – ***** Part 4 – ***** Conclusion – ***** References- ****** Bibliography – ****** Introduction Innovation and entrepreneurship are generally regarded as critical activities for economic development, regeneration and growth both in the private and public sector. The aim of our presentation is to access the innovation capability in the life and health sciences sector. We chose Norbrook laboratories as they are a worldwide international company and we felt they were a leading example. Innovations& Entrepreneurship Sector :Life& Health Sciences Company Norbrook Part One – Profile Owner Lord bally Edmond Company Name: Norbrook Laboratories Limited Year Established: 1969 Norbrook is the largest privately owned pharmaceutical company in the world. Company Name: Norbrook Laboratories Limited ships product to 120 countries around the world has manufacturing plants in 4 continents. “Since its foundation over 40 years ago, our company has grown to be one...
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...Costs and Benefits Advantages of Telecommuting for Companies • Improves employee satisfaction - People are sick of the rat race, eager to take control of their lives, and desperate to find a balance between work and life. - Two thirds of people want to work from home. - 36% would choose it over a pay raise. - A poll of 1,500 technology professionals revealed that thirty-seven percent would take a pay cut of 10% if they could work from home. - Gen Y’ers are more difficult to recruit (as reported by 56% of hiring managers) and to retain (as reported by 64% of hiring managers) but they are particularly attracted flexible work arrangements (rating among benefits as an * on a 10 scale as impact on overall job satisfaction) - 80% of employees consider telework a job perk. • Reduce attrition - Losing a valued employee can cost an employer $10,000 to $30,000. - Recruiting and training a new hire costs thousands. - 14% of Americans have changed jobs to shorten the commute. - 46% of companies that allow telework say it has reduced attrition. - 95% of employers say telework has a high impact on employee retention. - Almost half of employees feel their commute is getting worse; 70% of them feel their employers should take the lead in helping them solve the problem. - 92% of employees are concerned with the high cost of fuel and 80% of them specifically cite the cost of commuting to work. 73% feel their employers should take the lead in helping them reduce their commuting costs...
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...Level 5 Diploma in Leadership and Management skills Task: Assessing your own leadership capability and performance There are so many definitions of leadership and it is difficult to establish a specific definition; The Oxford English Dictionary definition of leadership is: "The action of leading a group of people or an organization, or the ability to do this." Drucker’s summed up leadership as “The only definition of a leader is someone who has followers” whereas, John C Maxwell said “leadership is influence, nothing more, nothing less”. Warren Bennis focuses more on individual capability and defines leadership as "Leadership is a function of knowing yourself, having a vision that is well communicated, building trust among colleagues, and taking effective action to realize your own leadership potential." Compare these to allegedly one of the greatest leaders of all time where it is written that this leader had the ability to influence the behaviour of other people toward group goals in a way that fully respected their freedom. The emphasis on freedom was important to this leader who influenced many but he didn’t compel anyone to follow him, albeit he had many followers. This of course could not work in the world of business as we must in my opinion have people who can lead effectively supported by followers, because without followers there cannot be leaders. Review the prevailing leadership styles in the organisation (based upon leadership theories...
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...orderly and organized” (Myers-Briggs). I received a high consideration score (72) on my personal LOQ (Leadership Opinion Questionnaire), an attribute which should be beneficial for a company struggling with discontented employees. A high compliance score on my DISC assessment relates to the importance I place in technical, careful, and accurate work – a testament that reinforces my MBTI result. Of course my proposal is based on more than just these personality tests. While attending Vanderbilt University I studied applied behavioral science within the engineering management discipline, an experience from which I draw much of my expert recommendations. In addition, I support my claims with information taken from prominent books, including Peter Drucker’s “The Essential Drucker,” Daniel Pink’s “A Whole New Mind,” Dale Carnegie’s “How to Win Friends and Influence People,” and Stephen Covey’s “The Seven Habits of Highly Effective People.” Task 1 To gain understanding of the situation, my first step was to gather information...
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...System…………………………………………………………………10 4. Motivate and Empower……………………………………………………………………..11 5.7. Psychological Capital………………………………………………………………………..11 5.8. Three-Factor Theory of Human Motivation………………………………………………..12 5.9. Institutional-Building Pride………………………………………………………………….13 5. Learning and Change……………………………………………………………………….14 6.10. Authentic Leadership………………………………………………………………………..14 6.11. Building the Bridge………………………………………………………………………….15 6.12. Built-to-Change……………………………………………………………………………...15 6. Leading in Global and Multicultural Society……………………………………………….16 7.13. Toxic Emotions………………………………………………………………………………17 7.14. One Minute Management……………………………………………………………………17 7.15. Seven Habits of Highly Effective People…………………………………………………..19 7. Summary…………………………………………………………………………………….20 8. References…………………………………………………………………………………..21 Introduction In March of 1982, two friends were traveling for vacation. While waiting for their flight in Atlanta, they noticed that luggage lacked a feminine appearance. They were all black, brown, or navy. As their wheels began to turn they started coming up with ideas for feminine looking handbags and luggage. Within weeks...
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...A Study of Alienation among Knowledge Workers Submission of Thesis Proposal Nisha Nair Doctoral candidate Organizational Behavior Area Indian Institute of Management, Ahmedabad (IIMA) India Email: nishan@iimahd.ernet.in Telephone +91-79-6632-6216 Mobile: +91-9327309000 Advisor Information Dr. Neharika Vohra Organizational Behavior Area Indian Institute of Management, Ahmedabad (IIMA) ‘The hidden conflict between the knowledge workers view of himself as a professional and the social reality in which he is the upgraded well paid successor to the skilled worker of yesterday, underlies the disenchantment of so many highly educated young people with the jobs available to them’ - (Drucker, 1969, p 259) Knowledge workers (KWs) are thought to be the engines of growth of the new economy (Yigitcanlar, Baum & Horton, 2007) and the key strategic and competitive resources of today’s organizations (O’Neill & Adya, 2007). Considerable attention has been directed to the analysis of knowledge work and knowledge intensive firms in recent years (Alvesson, 1995, 2001; Burton-Jones, 1999; Donnelly, 2006; Swan & Scarborough, 2001). Because of the emphasis on human capital in knowledge-intensive firms (Edvinsson & Malone, 1997), where tacit knowledge residing within workers is the chief asset of the organization, it has become imperative to retain KWs and ensure their continued commitment to the organization. Davenport et al. (2002) observe that companies cannot...
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...МОСКОВСКИЙ ГОСУДАРСТВЕННЫЙ ИНСТИТУТ МЕЖДУНАРОДНЫХ ОТНОШЕНИЙ (УНИВУРСИТЕТ) МИД РОССИИ Кафедра английского языка № 4 Н.И. Хватова Английский язык УЧЕБНОЕ ПОСОБИЕ ПО ПЕРЕВОДУ И РЕФЕРИРОВАНИЮ ЭКОНОМИЧЕСКИХ ТЕКСТОВ ЕВРОПЕЙСКИЙ УРОВЕНЬ «С 1» Третье издание Издательство МГИМО-Университет 2009 Данное пособие является третьей редакцией Учебного пособия по переводу и реферированию экономических текстов (первая редакция была выпущена в 1999 году, вторая – в 2006 году). Пособие соответствует Европейскому уровню С – 1 и предназначается, в частности, для студентов 4 курса факультета МБДА. Его основная цель – обучение работе с оригинальной литературой по специальности, что достигается путём создания прочного навыка письменного и устного перевода с английского языка на русский. Table of Contents Chapter I: Management Practices in European, American and Asian Companies Unit 1 – The Man Who Invented Management ….…………………..8 Unit 2 –Want a Nice Piece of a Chaebol?...........................................27 Unit 3 – Last Tango in Detroit?........................………………….…..33 Unit 4 – Lean, Mean, and… German? ………………………………41 Unit 5 – How Failure Breeds Success…………………………….....48 Chapter II: Supply Chain Management Unit 6 – Inventories Won’t Kill Growth …………………………...
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...Journal of Business Strategy Business model innovation: coffee triumphs for Nespresso Kurt Matzler Franz Bailom Stephan Friedrich von den Eichen Thomas Kohler Article information: To cite this document: Kurt Matzler Franz Bailom Stephan Friedrich von den Eichen Thomas Kohler, (2013),"Business model innovation: coffee triumphs for Nespresso", Journal of Business Strategy, Vol. 34 Iss 2 pp. 30 - 37 Permanent link to this document: http://dx.doi.org/10.1108/02756661311310431 Downloaded on: 16 June 2015, At: 05:07 (PT) References: this document contains references to 19 other documents. To copy this document: permissions@emeraldinsight.com The fulltext of this document has been downloaded 25789 times since 2013* Users who downloaded this article also downloaded: Gabriela Alvarez, Colin Pilbeam, Richard Wilding, (2010),"Nestlé Nespresso AAA sustainable quality program: an investigation into the governance dynamics in a multi-stakeholder supply chain network", Supply Chain Management: An International Journal, Vol. 15 Iss 2 pp. 165-182 http://dx.doi.org/10.1108/13598541011028769 Claudio Vignali, (2001),"McDonald’s: “think global, act local” – the marketing mix", British Food Journal, Vol. 103 Iss 2 pp. 97-111 http:// dx.doi.org/10.1108/00070700110383154 Mark D. Uncles, Grahame R. Dowling, Kathy Hammond, (2003),"Customer loyalty and customer loyalty programs", Journal of Consumer Marketing, Vol. 20 Iss 4 pp. 294-316 http://dx.doi.org/10.1108/07363760310483676 Access...
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...BUSINESS STRATEGIES Strategic management involves the formulation and implementation of the major goals and initiatives taken by a company's top management on behalf of owners, based on consideration of resources and an assessment of the internal and external environments in which the organization competes.[1] Strategic management provides overall direction to the enterprise and involves specifying the organization's objectives, developing policies and plans designed to achieve these objectives, and then allocating resources to implement the plans. Academics and practicing managers have developed numerous models and frameworks to assist in strategic decision making in the context of complex environments and competitive dynamics.[2] Strategic management is not static in nature; the models often include a feedback loop to monitor execution and inform the next round of planning.[3][4][5] Harvard Professor Michael Porter identifies three principles underlying strategy: creating a "unique and valuable [market] position", making trade-offs by choosing "what not to do", and creating "fit" by aligning company activities with one another to support the chosen strategy.[6] Dr. Vladimir Kvint defines strategy as "a system of finding, formulating, and developing a doctrine that will ensure long-term success if followed faithfully."[7] Corporate strategy involves answering a key question from a portfolio perspective: "What business should we be in?" Business strategy involves answering the...
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