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Inside the Guru Mind: Peter Drucker By: Lea C. Salamat
Who is Peter Drucker? <ul><li>Writer, Management Consultant, and self described “social ecologist” </li></ul><ul><li>The m...
Theory of Business <ul><li>Drucker believes that company  has been built and operating depends on: </li></ul><ul><li>Envir...
Ideas into Action <ul><li>Spend all time you need on making decisions that affect people </li></ul><ul><li>Make sure that ...
<ul><li>Drucker provides a set of questions that can be used to assess individuals and business units.  </li></ul>06/25/11
06/25/11 <ul><li>Assess Yourself </li></ul><ul><li>Who Am I? </li></ul><ul><li>What are my strengths? </li></ul><ul><li>Ho...
<ul><li>Second step… </li></ul><ul><li>Measure expectations against actual results in a process called </li></ul><ul><li>F...
Do the Feedback Analysis <ul><li>Whenever you take a decision, write down what you expect to happen </li></ul><ul><li>Revi...
Four Sources of Entrepreneurial Opportunities <ul><li>The unexpected </li></ul><ul><li>The incongruity </li></ul><ul><li>I...
5 Do’s of Effective Innovation <ul><li>Analyze the opportunities </li></ul><ul><li>Go out and look, to ask, to listen </li...
Don’ts when Working towards Innovation <ul><li>Don’t be clever </li></ul><ul><li>Don’t diversify, don’t splinter, and don’...
Entrepreneurial Strategies <ul><li>Aiming at market leadership from the beginning </li></ul><ul><li>“ Hitting Them Where T...
<ul><li>“ The entrepreneur always searches for change, responds to it, and exploits it as an opportunity.” </li></ul><ul><...
Reference: <ul><li>Business Summaries; Wisdom in a Nutshell: Inside the Guru Series </li></ul>06/25/11
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Inside the Guru Mind

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Transcript of "Inside the Guru Mind"

  1. 1. Inside the Guru Mind: Peter Drucker By: Lea C. Salamat
  2. 2. Who is Peter Drucker? <ul><li>Writer, Management Consultant, and self described “social ecologist” </li></ul><ul><li>The man who invented management </li></ul>06/25/11
  3. 3. Theory of Business <ul><li>Drucker believes that company has been built and operating depends on: </li></ul><ul><li>Environment </li></ul><ul><li>Mission of the organization </li></ul><ul><li>Core competencies needed to accomplish the organization’s mission </li></ul>06/25/11
  4. 4. Ideas into Action <ul><li>Spend all time you need on making decisions that affect people </li></ul><ul><li>Make sure that everybody understands what your business is really about </li></ul><ul><li>Study what is going on outside the business, and among customers and non-customers </li></ul><ul><li>If the business is fast, question you assumptions all over again </li></ul><ul><li>Look out for and learn from unexpected success- your own and others </li></ul><ul><li>Do exactly the same with unexpected failure. </li></ul>06/25/11
  5. 5. <ul><li>Drucker provides a set of questions that can be used to assess individuals and business units. </li></ul>06/25/11
  6. 6. 06/25/11 <ul><li>Assess Yourself </li></ul><ul><li>Who Am I? </li></ul><ul><li>What are my strengths? </li></ul><ul><li>How do I work? </li></ul><ul><li>Where do I belong? </li></ul><ul><li>What is my contribution? </li></ul><ul><li>Asses your Unit </li></ul><ul><li>What is its role? </li></ul><ul><li>What are its resources? </li></ul><ul><li>How does it function? </li></ul><ul><li>What is my function within it? </li></ul><ul><li>What are the function of others? </li></ul>
  7. 7. <ul><li>Second step… </li></ul><ul><li>Measure expectations against actual results in a process called </li></ul><ul><li>Feedback Analysis </li></ul>06/25/11
  8. 8. Do the Feedback Analysis <ul><li>Whenever you take a decision, write down what you expect to happen </li></ul><ul><li>Review results at regular intervals and compare them with expectations </li></ul><ul><li>Use this feedback as a guide to reinforce strengths and eliminate weaknesses </li></ul>06/25/11
  9. 9. Four Sources of Entrepreneurial Opportunities <ul><li>The unexpected </li></ul><ul><li>The incongruity </li></ul><ul><li>Innovation based on process need </li></ul><ul><li>Changes in industry or market structure that catch everyone unaware </li></ul>06/25/11
  10. 10. 5 Do’s of Effective Innovation <ul><li>Analyze the opportunities </li></ul><ul><li>Go out and look, to ask, to listen </li></ul><ul><li>Keep it simple, keep it focused </li></ul><ul><li>Start small, - try to do one specific thing </li></ul><ul><li>Aim a market leadership </li></ul>06/25/11
  11. 11. Don’ts when Working towards Innovation <ul><li>Don’t be clever </li></ul><ul><li>Don’t diversify, don’t splinter, and don’t try to do many things at once </li></ul><ul><li>Don’t try to innovate for the future </li></ul>06/25/11
  12. 12. Entrepreneurial Strategies <ul><li>Aiming at market leadership from the beginning </li></ul><ul><li>“ Hitting Them Where They Ain’t” </li></ul><ul><li>Finding an ecological niche by obtaining a practical monopoly in a small area </li></ul><ul><li>Changing the economic characteristics of a product </li></ul>06/25/11
  13. 13. <ul><li>“ The entrepreneur always searches for change, responds to it, and exploits it as an opportunity.” </li></ul><ul><li>-----Peter F. Drucker </li></ul>06/25/11
  14. 14. Reference: <ul><li>Business Summaries; Wisdom in a Nutshell: Inside the Guru Series </li></ul>06/25/11
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