Jun 27, 2006

Peter Drucker on 'What Makes an Effective Executive'

In an award winning (46 th Annual McKinsey Award 2004) article, ‘What Makes an Effective Executive’, Peter Drucker lists eight simple practices an executive has to practice to become effective, excluding the most important of them, LISTEN FIRST, SPEAK LAST.

"An effective executive does not need to be a leader in the sense that the term is now most commonly used," states Peter Drucker in What Makes an Effective Executive. "Great managers may be charismatic or dull, generous or tightfisted, visionary or numbers oriented. But every effective executive follows eight simple practices."

  • They ask, "What needs to be done?"

  • They ask, "What is right for the enterprise?"

  • They develop action plans.

  • They take responsibility for decisions.

  • They take responsibility for communicating.

  • They focus on opportunities rather than problems.

  • They run productive meetings.

  • They think and say "we" rather than "I".

"The first two practices gave them the knowledge they need. The next four help them convert this knowledge into effective action. The last two ensure that the whole organization feels responsible and accountable."

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