...The Drucker Assignment Kenny Astrianti In order for a business to grow, or even to stay alive, it will need to be innovative. Especially in this era of globalization, where competition between companies is getting more extreme and technology is vastly changing. Most people will agree that it is important, for business and individual, to stay innovative. Chapter 20 “Principles Of Innovations” enlightens me the most for several reasons. Firstly, although the chapter was first published in 1985, Drucker’s concept on how to innovate can still be applied today. Secondly, the concept introduced in this chapter will be incredibly beneficial for me to build my career, and to be a better individual, later on. And thirdly, the chapter topic “The Dos” really helps me to acknowledge the things that have to be done to be a performer in innovation. Coming from Indonesia that still struggles with poverty and unemployment, I fully realized the need to be innovative, however, I always questions the on how to innovate and this chapter really improved my knowledge to identify the source of innovations and what to do with it. 27-years after the chapter was published, Drucker principles of innovation can still be applied on today’s business environment. Drucker’s explanation on the sources of innovation gave me a different point of view on how to innovate. Prior to reading this chapter, I thought some people, like Steve Jobs, are born with the innovation DNA because I have not understand on how...
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...the common elements described in the theories/philosophies of Case, Kouzes, and Drucker including how their principles/strategies relate to the new definition of entrepreneurial leadership presented in Understanding Entrepreneurial Leadership in today’s Dynamic Markets. According to the online article, Understanding Entrepreneurial Leadership in today’s Dynamic Markets, the new definition of entrepreneurial leadership is explain through Sashkin M. Rosenbach as, “…clarity, communication, consistency, caring, creating opportunities, self-confidence, power need and its use, and vision. They also include how they are defined and their importance, coordination, how people work together to get the job done, and the strength of shared values and beliefs, that is, the degree to which people in the organization generally agree that these values and beliefs are important and should guide their actions.” (2010) In a pod cast by Steve Case, he states, “….entrepreneurship is important not just in terms of creating value that rewards shareholders or employees. It’s also important in terms of the underlying economic future of our country.” (Steve Case, Feb. 2010) Steve also believes that the three P’s; people, passion, and perseverance, are the focus points on being an entrepreneur because all three creates the right balance for an organization to achieve any possibility. According to Peter Drucker, his entrepreneurial strategies are explained as, “1. Being fustest with the mostes...
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...courageously defeated powerful Ravana and rescued Sita. Ravana’s army was more powerful, than Rama’s army, and then also Rama believed in his soldiers and motivated his troop to continue the unequal fight, and win against Ravana. It is clear that a good manager is the one who believes in his workforce and respect their skills. From Lord Rama, Maintain resolve during crisis and take proactive steps to meet challenges. I believe that today's business world can benefit a lot from lord Rama’s leadership skills. Thus, I want to learn his secrets to stand courageously in great adversity. I also want to learn the lessons to be a excellent leader from Lord Rama. The second person would be the famous American management consultant, Peter Drucker. Peter Drucker was the inventor of the concept known as "management by objective" and developed the modern...
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...| Peter F. Drucker is the management scholar. He is thought to be the establishing father of current management. Peter Drucker, whose life crossed the previous century (1909 – 2005), was an exceedingly instructed native of the world: an innovative soul who composed thirty-nine books including numerous fantastic chips away at business management. He was a man of numerous parts: a sharp eyewitness, a long lasting understudy, an educator, mentor of eminent corporate pioneers, and the organizer of an official school in Claremont, California, that bears his name. Peter Ferdinand Drucker was an author, management advisor and college teacher. His written work concentrated on management related writing. Peter Drucker made well known the term information specialist and is thought to have unknowingly introduced the learning economy, which viably challenges Karl Marx's reality perspective of the political economy. George Orwell credits Peter Drucker as one of the main journalists to foresee the German-Soviet Pact of 1939. Much has been said and composed of his accomplishments, but then there is a lesser-known side to Peter Drucker; that other side is the subject of this paper. He was hesitant about his own reasoning of life. He additionally emphatically protested being known as a ‘management master’ – a sobriquet frequently attached to him. As opposed to being a supplier of answers, Drucker constantly remained an examiner: his showing strategy was Socratic. What mattered most was the...
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...1. Many experts argue that people do their best work when they are motivated by a sense of purpose rather than the pursuit of money. Do you agree? Critically evaluate and explain your position. The study of what motivates people has fascinated researchers and academics over the years. Many renowned researchers have come up with their own model explaining the mechanisms of motivation. Though all these theories are unique in their own right, the division of motivations into two forms; extrinsic motivations and intrinsic motivations is a common sight. Both these factors have their place in getting people out of their beds in the morning and trading the better part of their waking hours for work. However, for people to do their best work, a sense of purpose is often more useful than the pursuit of money. The type of job and position are also key factors in determining whether money or a sense of purpose will be the better motivating factor that encourages people to deliver their best work. George Bernard Shaw once said that “Lack of money is the root of all evil.” Money is defined as whether money is shells or rocks or gold or paper, in any economy it has three primary functions: it is a medium of exchange, a unit of account and a store of value. Of these three functions, its function as a medium of exchange is what distinguishes money from other assets such as stocks, bonds or houses (Mishkin, 1992). The pursuit of money is rooted in human behaviour today and the motivations for...
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...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, disseminate, sell, publish or sublicense the work or any part of it without McGraw-Hill’s prior consent. You may use the work for your own noncommercial and personal use; any other use of the work is strictly prohibited. Your right to use the work may be terminated if you fail to comply with these terms. THE WORK IS PROVIDED “AS IS.” McGRAW-HILL AND ITS LICENSORS MAKE NO GUARANTEES OR...
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...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. Management. 2. Executives—Training of. 3. Drucker, Peter F (Peter Ferdinand)...
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...started to change my mind about eating the fries that I had already melted cheese on but they looked to good to give to my roommate so I continued thinking while eating. The government does not require New Leaf potatoes to be labeled in stores so it must mean they feel it will have no harm on people. One of the many reasons that government exists is to look over the wealth fare of its citizens. Think of some of the things that a company must put on their products, labels on alcohol and cigarettes tell the dangers that come from using them, and all foods packages must have the ingredients printed on them. The government also sets up programs like family first to help people in need. Even in high school a person needs four years of gym. Peter Drucker touches this subject in his essay “The Age of Social Transformation” as he talks about a changing society. The government made the decision that using the knowledge that Monsanto found was the right thing to do for the farming industry. The best times will come when the knowledge that people have is used to enhance their lives. What good is knowledge if it is not used? There is no point in learning new things if the only reason for learning them is to prove a point or to know more than someone else. Knowledge should be used and the...
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...ranks of the employees. Furthermore, the team would help answer questions and give advice for employee's; that will be leaving the company in the near future, as well as employees that might be changing positions, or employees that could be transferring to another division entirely. I feel by building a team to help manage the new changes the next three months following the acquisition will become a smother transition. During the next three months, I would have the team focus giving attention to the retained employees, by reassurance and guidance of the fact that letting go of the old company culture and thinking of the new culture and adapting to it should be done easily. This would ultimately give the employees more productive and efficient work in the future and long run, and will make the employees feel more comfortable about the transition. William Bridges has good thoughts on change called the marathon effect which will give employees a better understanding of the transition. Trust and honesty goes along way when people are straight forward in the ending or letting go phase and ultimately will help transition people to the neutral phase more easily, and then eventually the new beginning. By implementing the change management team the people in the organization will have an...
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...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 “The Challenge to Management”...
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...answering these five question will fundamentally change the way that you work helping you lead your organization to an exceptional level of performance. Peters question are What is our mission? 2. Who is our customer? 3. What does the customer value? 4. What are our results? 5. What is our plan? These essential questions grounded in Peter Drukers theories of management will take readers on the exploration of organizational and personal self-discovery giving them the means to assess how to be, how to develop quality, character, mindset, values and courage. The questions lead to action. By asking these questions, readers can focus on what they are doing in their work and how to do it better. Designed for todays busy professionals First established as the Peter F. Drucker Foundation for Nonprofit Managment, the Leader to Leader Institute's mission is to strengthen the leadership of the social sector. In collaboration with its partners in the private and public sectors, the Institute furthers its mission by providing social sector leaders with the essential leadership wisdom from all sectors and the resources needed to lead for innovation and to build vibrant organizations. Peter F. Drucker is known as the "father of modern management," and is a best-selling author of thirty-two books including the best-seller The Effective Executive. He is world-renowned thinker on leadership and management and his work has been featured in every major business periodical. A consultant to senior...
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...------------------------------------------------- READING NOTES: The Discipline of Innovation In this article, Peter F. Drucker provides us a complete framework of the “Innovation”. Systematic innovation is both work and inspiration: it is at the heart of entrepreneurship. According to him, there are three requirements that must be met in order to succeed in innovation: KNOWLEDGE (study potential customers’ needs and expectations), INGENUITY (think about something simple and useful. “Faster, Better, Cheaper” summarize it well) and FOCUS (start with a small idea and make it growth to arrive to an effective innovation). Innovation is also a change in the behavior of people in general or a change in process (how people work or act). The main question is how to innovate. Peter F. Drucker writes that companies have to look for OPPORTUNITIES. He identifies seven ways to innovate, called “the seven sources of innovation”. He divides theses sources in 2 groups: the first four sources lie within the company and the last three depends on the environment of the company (external factors). Unexpected occurrences Successes or failures Incongruities Differences between what it is and what people wants Process needs New product/service is an answer to a need Industry/market changes Offer possibilities to launch a new product/service Demographic changes Statistics about population move quickly Changes in perception Meaning and mood change from a generation...
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...which the term itself was coined by Peter Drucker; who they are and the type of work in which they are engaged. The paper will address the value of knowledge workers to organization, challenges associated with measuring their productivity in the workplace and the future outlook for this class of employees. What this paper does not attempt to provide are answers to many of the vexing questions surrounding knowledge work and the people who perform it. The paper will draw from current and past literature on the subject. What It Means To Be a Knowledge Worker: Actions, Roles and Productivity The Knowledge Worker In 1959 renowned management writer and thinker Peter Drucker coined the term ‘knowledge worker’. Drucker recognized that 20th century American corporate society had begun an evolution from the manual laborers of the industrial economy to one where the bulk of workers used their heads more than their hands (Drucker, 1999). According to Drucker, knowledge workers are “…high level employees who apply theoretical and analytical knowledge, acquired through formal education, to develop new products or services” (Drucker, 1994, p. 63). While the definition has evolved over the years by other management experts, with the introduction of the concept, Drucker ushered in a new era of management theory and practice. For the purposes of this paper, a knowledge worker is defined as a producer of knowledge, ideas and information at work. This paper will explore knowledge worker...
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...Aaron Kosai Caff 321 Professor Ostlund 9/15/15 Peter Drucker Writing assignment Peter Drucker’s four C’s of management are competence, character, compassion, and community. Competence is the ability to do something successfully and have a well understanding of the situation. In ones life requires a lot of competence to co existing with family and get along with others in a social setting. You definitely need to be competent when it comes to school and work. You have assignments and duties that require you to complete them efficiently and successfully. The next C is Character. Character is described as someone’s moral qualities. When it comes to family, character is big representation of you and the ones who raised you. As an older brother showing good character and setting a good example so the younger siblings have a role model to emulate. In a social setting, that’s when your true character is tested. Its not always easy doing the right thing but it shows your true colors taking a hard stance on what you believe is right. In school and at work showing you have good morals can help me gain the trust of others and hopefully climb the ladder to more successful opportunities. Compassion is Drucker’s next C of management. Having compassion is something that can be expressed through how we treat people. Whether it’s our family or the friends we hang out with. Treat everyone how you would want to be treated and realize no one is perfect. The final principal...
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...The Age of Social Transformation by Peter F. Drucker Critic Paper Basically, this article of Drucker describes the rise and transformation of “knowledge society”. The twentieth century has seen more common and radical social transformation than any other time in history, the labor and politics of the developed countries now are completely different in terms of processes, problems and structures from the past century. In his article, in the first part of it, it is explained that the work-force, society and politics has change qualitative and quantitatively. Changes occurred from the farmers and domestic servant. Before World War I, Farmers are the largest group compare to servants. Farmers and domestic servants were everywhere. After World War II, farmers are middle sized group but nowadays, farmers are only 5% of workforce and the servants are dead because of the rise of blue-collar worker. And from the rise to fall of blue-collar worker, the rise of knowledge worker occurred. In the part of The Emerging Knowledge Society, formal education enables work & social position, education will become center of the society but the knowledge in application is effective only if it is specialized. Knowledge society is the organization that performs. The Employee Society, traditional work for a “master” but nowadays, the “boss” is an employee as well. In the Social Sector, the traditional communities are family, village, and parish. And who takes care of social tasks? Not...
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