nur4827 ch3 assignemnt
#6:
Don’t
Make A Hundred Decisions When One Will Do
We’re continually hit by a blizzard of situations, opportunities, problems, incidents
all of which
seem to demand decisions. Yes. No. Go. No
go. Buy. Sell. Attack. Retreat. Accept. Reject.
Reply. Ignore. Invest. Harvest. Hire. It can feel l
ike chaos, but the most effective people find the
patterns within the chaos. In Drucker’s view, we rarely face truly unique, one
there is an overhead cost to any good decision: it requires argument and debate, time for
reflection and con
centration, and energy expended to ensure superb execution. So, given this
overhead cost, it’s far better to Zoom Out and make a few big generic decisions that can apply
to a large number of specific situations, to find a pattern within
Think of it as akin to Warren Buffett making investment decisions. Buffett learned to
ignore the vast majority of possibilities almost as background noise. Instead, he made a few big
decisions
such as the decision to shift from buying m
ediocre companies at very cheap prices
to buying great earnings machines at good prices and then replicated that generic decision
over and over again. For Drucker, those who grasp Buffett’s point that “inactivity can be very
intelligent behavior” are much
more effective than those who make hundreds of decisions with
no coherent
concept.
#7:
Find
Your One Big Distinctive Impact
When a friend of mine became the chairman of the board of trustees of a leading university, he
posed a question: “How will I know I’
ve done a great job?” I pondered what Drucker would say,
and then answered: “Identify one big thing that would most contribute to the future of the
university and orchestrate getting it done. If you make one distinctive contribution
a key
decision that wou
ld not have happened without your leadership (even if no one ever credits you
for your catalytic role
then you will have rendered a great service.” Drucker applied this idea
to his own consulting. When I asked him what he contributed to his clients, he mo
destly said, “I
have generally learned more from them than they learned from me.” Then, pausing for effect, he
added, “Of course, in each case there was one absolutely fundamental decision they would not
have made without me.” What is your one absolutely f
undamental contribution that would not
happen without
you?
- Read through the Ten Lessons I learned from Peter Drucker.
- Choose two (2) points that are particularly attractive and /or familiar to you and summarize these. make the paper from those 2
- Then, take these two items and show how either you have a good example of how this has been demonstrated with something you have observed or experienced.
- Please be specific and utilize real-life examples as much as possible.
- Your paper should be:
- One (1) page
- Typed according to APA style for margins, formatting and spacing standards
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