When one thinks of Peter Drucker in a business setting they have one of two stereotypes: old school outdated management dude OR The Rule when it comes to business effectiveness.
I’m somewhere in the middle. I just read the late Peter Drucker’s “The Effective Executive“. It’s a great book, but it is step backward from more recent business books that build off of this base. I did take some very important lessons from the book. Some of the most important are:
- Eliminate time wasters
- Ask: What can be outsourced?
- How do people waste your time, how do you waste theirs? How can you stop?
- Work in 1 and a half hour blocks with no distractions.
- Being well-rounded is a sign of mediocrity
- Effective people play strength, and look for strengths in others
- Know weaknesses but don’t exploit them
- Create well designed systems for efficiency
- Put First things First. Ask: What is most important?
Those are just a few of the principles that I found most useful. Drucker also talks about decision making and developing action plans, which is an essential part of being a “effective executive”. This book is great for people who are part of a corporation or own a business. Given that the book is less than 200 pages and is the foundation for almost every management book today, I say read it!