This book is one of those books that is a must for anyone that wants to be more financially savvy. One of the main teachings in this book is that we are moving into a information age where we wont use that much physical hands on stuff and more knowledge. It makes sense and you can already see it happening in the world... physical stuff closing down (shops, buildings ) unemployment etc. The wolrd is changing. It calls for a new type of worker, a "knowledge worker" as Drucker teach us.
The only negative thing i can say is that this book can be a little hard to get into, you can see the person that wrote it has high level of seeing things and didnt write it in a way that everyone would understand clearly and the avarage joe might find it a bit hard reading and understanding
This was a pleasant book to read. Drucker writes well and offers plenty of food for thought. The essence: 1. Effective executives know where their time goes. 2. Effective executives focus on outward contribution 3. They build on strengths 4. They concentrate on the few major areas where superior performance will produce outstanding results 5. They make effective decisions. This is not a manual on how to be effective but it is a classic and interesting book and a joy to read.
It is not a long book, but if you ever bother thinking about reading a business book, this is the one. It is not current, so some of the references to big industry are very dated, but the concept remains the same - good (excellent) executive performance is excellent executive performance. If this is not mandated reading in a business school - then it is not a business school.
Have you ever run into executives who create more harm than good? Do you realize that some people may see you that way, at least in some situations. One of the most famous quotes by Peter Drucker is that he sometimes refers to himself as an "insultant" rather than a consultant. His straight talk in this book will direct you onto the right path for helping your organization accomplish more. Peter Drucker begins this book by pointing out that there is no science of how to improve executive effectiveness, nor any naturally-occurring effective executives. The redeeming point of this problem is that he argues that executive effectiveness can be learned. The principles begin with a focus on time management. We can get greater quantities of every other resource we need, except time. Drucker reports that executives spend their time much differently than they think they do and much differently than they would like to. His solution is to begin by measuring how you spend your time, and compare it with an ideal allocation. Than begin to systematically get rid of the unimportant in favor of the important. His suggestions include stopping some things, delegation, creating policy decisions to replace ad hoc decisions, staying out of things that others should do, and so forth. Any student of time management will recognize the list he suggests. One of the best points is to give yourself large blocks of uninterrupted time to do more significant tasks. He also cautions us not to cut down on time spent with other people. If an hour is required, don't try to do it in 15 minutes. Next, Drucker argues that we should focus on what will make a difference rather than unimportant questions. Otherwise, we will fill our time with motion rather than proceeding towards results. Beyond that, he points out that we have to build on our own strengths and those of the people in our organization. That is how we can outperform the competition and accomplish much more. We also need to be systems thinkers, getting to the core of the issue first. If you would like to know more about that subject, look at The Fifth Discipline. For example, if you are weak on new products, you need to work on the new product development process before fine-tuning your marketing. If you reverse the order of these activities, your results will be far less. Perhaps the best section in the book has to do with executive decision-making, when to make a decision, about what, and what principles to apply. If you only read this section, you would be well rewarded for studying this fine book. I especially liked the familiar Drucker use of important historical examples to make his points. You'll remember the principles better because the examples are so vivid. Although this book was written some time ago, it retains the strength of its insight today. Truly , this is a timeless way to achieve greater effectiveness. You may be concerned about how you are going to learn to apply these concepts. That is actually quite easy. Drucker provides questions in each section that will guide you, step-by-step, to focus your attention on the most promising areas. If you only read one book about how to improve your personal effectiveness as an executive, you will find this to be a rewarding choice. If you liked what Peter Drucker had to say in this book, you may want to read his latest book, Management Challenges for the 21st Century, to get your agenda for using the skills you developed from The Effective Executive.