Peter Drucker: Making Strength Productive as an Effective Executive
In his chapter entitled "Making Strength Productive," the management guru tackles the myth of the so-called 'Renaissance Man' who can do everything well. Such people do not exist, he states. Everyone has strengths and weaknesses. The secret to success is finding out how to use one's strengths to one's advantage, and downplaying weaknesses. Focus on your strengths, rather than working on overcoming your weaknesses. This is true on an individual as well as an organizational level. In other words, if you are McDonald's, focus on making burgers, not on healthy food. Very strong people often have very great weaknesses, and sometimes these must be overlooked, or compensated for, so that their strengths shine.
"What can a man [or woman] do" should be the primary focus of the organization (Drucker 2006: 75). One of the great advantages of larger organizations is that they can hide the weaknesses of workers to a greater...
Pharmaceutical industries have to operate in an environment that is highly competitive and subject to a wide variety of internal and external constraints. In recent times, there has been an increasing trend to reduce the cost of operation while competing with other companies that manufacture products that treat similar afflictions and ailments. The complexities in drug research and development and regulations have created an industry that is subject to intense
Strategic Framework in BP-Deepwater horizon accident One of the most eminent names in the oil and gas industry is British Petroleum, considered as the largest provider of oil and gas to its customers for transportation, energy for heating and light and retail services for petrochemical products globally. The financial and operational picture of the company's performance is illustrated in table1 below. Performance at a glance for 2010 Facts and figures Sales and other operating
Therefore, corporations have had to change their viewpoints and start looking at the long-term consequences of their behavior, as well as looking at the bottom line. Businesses also have to be concerned because consumers have also become aware of environmental concerns, and many consumers are demanding earth-friendly products and have shown a willingness to pay more money to competitors who observe environmentally-friendly practices. Interestingly enough, this demand has given rise
However, during the little more than 10 years of this research line, contradictory results have been found (Brynjolfsson, Hitt, & Yang, 2002). From the 1970s to 1980s, those companies that invested more in IT suffered a relative setback in the work factor productivity indexes. This paper will discuss the relationship between IT and competitive advantage in following content. We believe that IT is necessary to improve competitive position of
Human Resources Management - Maintaining a Competitive Edge in the Corporate Marketplace Change continues to reshape the workplace. Today's HR professional is called upon to help the organization retain its competitive edge in the marketplace. Along with representing the best interests of employees, HR professionals assume the role of strategic partner, administrative expert, and change agent. HR assumes a critical role in promoting the vision and shaping the focus of the
Full creativity allows the production of greater wealth, for a stronger and more evolved society. Further in defense of the moral systems or perceived lack thereof in terms of newly created wealth, D'Souza asserts that most wealth currently created is the result of personal effort, rather than means such as inheritance. The wealth can then indeed be seen as the reward for effort, rather than wealth as a result of
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