Inside the Guru Mind
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Inside the Guru Mind

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Inside the Guru Mind Inside the Guru Mind Presentation Transcript

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