• Home
  • Management
  • Startup/Entrepreneur
  • Gamechangers
  • Tech/E-Commerce
  • Career
  • Global Business
  • Women's Business

  • The Effective Executive Part 4

    There is one final question the effective decision-maker asks; “Is a decision really necessary?” Doing nothing is always one alternative. One has to make a decision when a condition is likely to degenerate if nothing is done.

    It’s been incredibly illuminating to disseminate Peter Drucker’s mandatory, The Effective Executive. This is part 4 – our last installment in the series. This part focuses on decision making – how to make decision making and the results one should look for as a result of their decision. Hope you’ve enjoyed the series.

    1.      Converting the decision to action; no decision has been made unless carrying it out in specific steps has become someone’s work assignment and responsibility. Until then, there are only good intentions.

    2.      Finally, feedback has to be built into the decision to provide a continuous testing, against actual events, of the expectations that underlie the decision.

    3.      The effective decision maker assumes that the traditional measurement is not the right measurement. Otherwise, there would be no need for a decision. Whenever one analyzes the way a truly effective, a truly right, decision has been reached, one finds that a great deal of work and thought went into finding the appropriate measurement.

    4.      There is definitely a need for dissent, an alternative, as long as it makes sense.

    5.      Above all, disagreement is needed to stimulate the imagination.

    6.      There is one final question the effective decision-maker asks; “Is a decision really necessary?” One alternative is always the alternative of doing nothing.

    7.      One has to make a decision when a condition is likely to degenerate if nothing is done. This also applies with respect to opportunity. If the opportunity is important and is likely to vanish unless one acts with dispatch, one acts-and makes radical change.

    8.      Du Pont has been doing so much better than any other of the world’s large chemical companies largely because it abandons a product or process before it begins to decline. Du Pont does not invest scarce resources of people and money into defending yesterday.

    Good luck.

    Calvin Wilson
    Founder and CEO
    Upstart: Business and Management for 20-40 Year Old Professionals
    calvin.wilson1@verizon.net
    http://twitter.com/Upstart__Nation

    Filed Under: Management

    Tags:

    About the Author:

    RSSComments (0)

    Trackback URL

    Leave a Reply

    You must be logged in to post a comment.