Tag Archives: peter drucker

Quote of the Day

“The most important thing in communication is hearing what isn’t said.” Peter Drucker

Improving your decision making

Do you conduct post-mortems on your projects? How about on your decisions?

Each time you make a decision of any magnitude, write down the outcome you expect. Eventually the outcome will grow to a list that you can revisit. Just as post-mortems make future project better, so this simple process will make your future decisions better.

Peter Drucker gets the credit for this idea:

“Checking the results of a decision against its expectations shows executives what their strengths are, where they need to improve, and where they lack knowledge or information.”

Peter Drucker and Risk

“People who don’t take risks generally make about two big mistakes a year. People who do take risks generally make about two big mistakes a year.” Peter Drucker

Are you taking enough risk?

Also, on a related note, have you read enough Peter Drucker? The book The Effective Executive is a good introduction.

Faster Decision Making

How long does it take your organization to make a decision? What’s the lag between something breaking and the decision to fix it? Sometimes a good, but slow decision is worse than an imperfect, but slow one. Especially when you consider the number of people involved in making decisions in most organizations and the cost of their time.

Are their layers you can take out of your decision making process to speed things up? Can you push decisions further down your organization to make it more responsive?

“Making good decisions is a crucial skill at every level.” Peter Drucker

Get Ready For The Firehose

Interesting that Twitter posts will soon be searchable on Google and Bing (details here). I like that the article covering that development was titled drinking from the firehose.

With the web becoming more realtime, it also potentially becomes more distracting. For example, you could read blogs for the most recent information, or you could read Peter Drucker or Benjamin Graham for a timeless perspective on business and investing respectively. I would argue that focusing on the important rather than the recent is far more effective. Yet tools increasingly drive us towards what is new, rather than what is good.

Focus.