Daily Drucker
March 15, 2018
The Daily Drucker Series post has finally come to a close for now. Many folks have asked me if I’m ‘drunk on Drucker’, sounds lyrical though. Perhaps I am. I will do a quick recap of my experience with the Hack-book posts, the feedback, the impressions from analytics of the posts on all our social media points. *Please, note the […]
March 12, 2018
12 March A business enterprise has two basic functions: marketing and innovation If we want to know what a business is, we have to start with its purpose. And the purpose must lie outside the business itself. Infact, it must lie in society, since a business enterprise is an organ of society. There is only one valid definition of business […]
March 11, 2018
11 March Neither studies nor market research nor computet modeling is a substitute for the test of reality. Everything improved or new needs first to be tested on a small scale; that is, it needs to be piloted. The way to do this is to find somebody within the enterprise who really wants the new. Everything new gets into trouble. […]
March 10, 2018
10 March A change is something people do: a fad is something people talk about. Entrepreneurs see change as the norm and as healthy. Usually they do not bring about the change themselves. But – and this defines the entrepreneur and entrepreneurship – the entrepreneur always searches for change, responds to it, and exploits it as an opportunity. Look at […]
March 8, 2018
8 MARCH When it rains manna from heaven, some people put up an umbrella. Others reach for a big spoon. The manager will have to look at her task and ask, “What must I do to be prepared for danger, for opportunities, and above all for change?” First, this is a time to make sure that your organization is lean […]
March 7, 2018
7 MARCH Create a true whole greater than the sum of its parts. A manager has the task of creating a true whole that is larger than the sum of its parts. One analogy is the task of the conductor of a symphony orchestra, through whose effort, vision and leadership individual instrumental parts become the living whole of a musical […]
March 6, 2018
Dont take risks, Hunt for opportunities and catch them. There is nothing like entrepreneurs personality: they are not risk-takers but opportunity-hunters. 6 MARCH Successful innovators are conservative I once attended a university symposium on entrepreneurship at which a number of psychologists spoke. Although their papers disagreed on everything else, they all talked about an “entrepreneurial personality” which was characterized by […]
March 5, 2018
5 MARCH Prediction of future events is futile The starting point to know the future is the realization that there are two different, though complementary, approaches: ▪ Finding and exploiting the time lag between the appearance of a discontinuity in the economy and society and its full impact-one might call this anticipation of a future that has already happened. ▪ […]
March 4, 2018
The journey into ideas and innovating always start with what and why? If it doesnt work, create another. . . 4 MARCH Innovative ideas are like frogs’ eggs: of a thousand hatched, only one or two survive to maturity. The innovative organization understands that innovation starts with an idea. Ideas are somewhat like babies- they are born small, immature and […]
