The World's Best Book Summaries
What types of responsibilities do managers have in the workplace? How can managers steer businesses toward the future? Peter F. Drucker is widely regarded as one of the most influential thinkers in the field of modern management. The Essential Drucker is composed of key chapters from Drucker’s most respected works and provides an overview of Drucker’s core ideas. Read below for a brief overview of The Essential Drucker.
How does Peter Drucker define management? How do you define your company’s mission? In The Essential Drucker by Peter Drucker, management is defined as the practice of enabling groups of people with different knowledge, skills, and backgrounds to work together toward a common goal. This goal is often the company’s mission that either you or a higher-up is responsible for creating. Keep reading to learn more about the responsibilities of managers in an organization.
Who defines the mission and objectives of a business? Is making a profit the most important part of business? According to The Essential Drucker by Peter Drucker, management is directly responsible for whether the organization’s efforts produce its desired results. Managers do this by articulating an enterprise’s mission and spelling out its objectives. Let’s look at how managers create and carry out a company’s mission.
Does your workplace support a “hustle culture?” Do you know how to create a healthy work environment? In unhealthy work environments, employees and managers work nights and weekends, practically live at the office, and attack their jobs with a frantic intensity. Jason Fried and David Heinemeier Hansson argue that this mindset isn’t necessary for an efficient business. Let’s look at how managers can encourage a work environment that isn’t built on unhealthy practices.
Why should managers give employees autonomy? Do employees need private time at work? A more relaxed workplace can be more productive than a frenzied one. As long as you give employees private time to work without being distracted, you don’t need to check in on them every minute of every workday. Let’s discuss how to give employees autonomy, according to It Doesn’t Have to Be Crazy at Work by Jason Fried and David Heinemeier Hansson.
Do you want your employees to perform at their best? How can you help employees advance in their positions? It goes without saying that an organization is nothing without the people who comprise it. The task of managers has always been to give those people direction, though the old style of top-down control is no longer always effective. Let’s look at how to develop employees to their full potential.
What does the term “knowledge worker” mean? What should the goal of knowledge workers be? According to Peter Drucker, knowledge workers are employees whose primary contribution comes from subject-matter expertise that isn’t shared by everyone else in an organization. Knowledge workers are now the driving force in most, if not all, businesses and organizations. Learn how to guide knowledge workers and utilize their talents.
Why is there a market for electric vehicles? Why are people venturing into the arena of space travel? Economist Robert J. Shiller asserts that certain narratives take off and take hold because they receive influential endorsements. He credits the charismatic leadership of Elon Musk for two of these economic narratives. Keep reading to learn how Elon Musk’s charismatic leadership has captured our imagination in two sectors of the economy.
What are the best hiring criteria for recruiters to follow? Should you look for the best of the best in your line of work? Most companies get skilled employees by identifying the most talented workers in their industry and stealing them away from other companies. However, Jason Fried and David Heinemeier Hansson advise against doing this. Check out below what Fried and Hansson recommend doing instead.
What’s managerial decision-making? How do you know if you’re making the right decision for the organization? It’s management’s role to make decisions based on issues affecting the whole organization. In The Essential Drucker, Peter Drucker asserts that at the executive level, managers should devote their time to making strategic, broad-ranging decisions, not solving low-level problems. Continue reading to learn what it takes to make managerial decisions.