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WHAT MAKES AN EFFECTIVE EXECUTIVE?FROM HBR REVIEW OF JUNE 2004
PETER DRUCKER
From Peter
Drucker in
Harvard
Business Review
VIVEK HATTANGADI
WHAT MAKES AN EFFECTIVE
EXECUTIVE? - FROM PETER
DRUCKER IN HBR JUNE 2004
1
HOW TO BE AN EFFECTIVE EXECUTIVE ?
An effective executive need not be a leader in the sense that is used most commonly now
To be an effective executive, here are the eight practices which need to be followed says Peter Drucker
VIVEK HATTANGADIWHAT MAKES AN EFFECTIVE EXECUTIVE? - FROM
PETER DRUCKER IN HBR JUNE 2004
2
VIVEK HATTANGADIWHAT MAKES AN EFFECTIVE EXECUTIVE? - FROM
PETER DRUCKER IN HBR JUNE 2004
3
Effective executives ask:
“What needs to be done?”
WHAT HAPPENS IF YOU FAIL TO ASK
Failure to ask this question may render even the ablest executive ineffectual
Prioritize and focus on one task, at worst two
Evaluate periodically – What needs to be done now?
VIVEK HATTANGADIWHAT MAKES AN EFFECTIVE EXECUTIVE? - FROM
PETER DRUCKER IN HBR JUNE 2004
4
VIVEK HATTANGADIWHAT MAKES AN EFFECTIVE EXECUTIVE? - FROM
PETER DRUCKER IN HBR JUNE 2004
5
Effective executives ask:
“What is right for the enterprise?”
BE FORTHRIGHT
Keep organizations need in the front
Don’t agonize over what’s best for the owner or the boss, or employee or stakeholders
Decisions that are right for the enterprise are the best for all stakeholders
VIVEK HATTANGADIWHAT MAKES AN EFFECTIVE EXECUTIVE? - FROM
PETER DRUCKER IN HBR JUNE 2004
6
VIVEK HATTANGADIWHAT MAKES AN EFFECTIVE EXECUTIVE? - FROM
PETER DRUCKER IN HBR JUNE 2004
7
Effective executives then develop action plans
CONVERT YOUR KNOWLEDGE INTO ACTION
Ask – What contributions should the enterprise expect from me over the next 18 months?
Devise strategies that specify desired results
The action plan has to become the basis for time management
Do not accept non-performance and under-achievement
VIVEK HATTANGADIWHAT MAKES AN EFFECTIVE EXECUTIVE? - FROM
PETER DRUCKER IN HBR JUNE 2004
8
VIVEK HATTANGADIWHAT MAKES AN EFFECTIVE EXECUTIVE? - FROM
PETER DRUCKER IN HBR JUNE 2004
9
Effective executives take responsibility for decisions
WHEN CAN IT BE SAID:
‘A DECISION HAS BEEN TAKEN?’
When person has been named who is accountable for carrying it out
When people know the deadline
When people know who will be affected by the decision
VIVEK HATTANGADIWHAT MAKES AN EFFECTIVE EXECUTIVE? - FROM
PETER DRUCKER IN HBR JUNE 2004
10
VIVEK HATTANGADIWHAT MAKES AN EFFECTIVE EXECUTIVE? - FROM
PETER DRUCKER IN HBR JUNE 2004
11
Effective executives take responsibility for communicating
COMMUNICATION IS IMPORTANT FOR EXECUTION
Get input form superiors, subordinates and peers on your action plans
Make sure that both action plans and their information are understood by all
Let each person know what information they will need to get the job done
VIVEK HATTANGADIWHAT MAKES AN EFFECTIVE EXECUTIVE? - FROM
PETER DRUCKER IN HBR JUNE 2004
12
VIVEK HATTANGADIWHAT MAKES AN EFFECTIVE EXECUTIVE? - FROM
PETER DRUCKER IN HBR JUNE 2004
13
Effective executives are focused on opportunities rather than problems
MAKE THE MOST OF OPPORTUNITIES
Make sure problems do not overwhelm opportunities
Use change as an opportunity rather than a threat
VIVEK HATTANGADIWHAT MAKES AN EFFECTIVE EXECUTIVE? - FROM
PETER DRUCKER IN HBR JUNE 2004
14
VIVEK HATTANGADIWHAT MAKES AN EFFECTIVE EXECUTIVE? - FROM
PETER DRUCKER IN HBR JUNE 2004
15
Effective executives run productive meetings
ARTICULATE THE PURPOSE OF THE MEETING
Make sure meetings are work sessions rather than bull sessions
Stick to the format - Requires self-discipline
Terminate the meeting as soon as its specific purpose has been accomplished
VIVEK HATTANGADIWHAT MAKES AN EFFECTIVE EXECUTIVE? - FROM
PETER DRUCKER IN HBR JUNE 2004
16
VIVEK HATTANGADIWHAT MAKES AN EFFECTIVE EXECUTIVE? - FROM
PETER DRUCKER IN HBR JUNE 2004
17
Effective executives think and say
“We” rather than “I”
THINK AND SAY ‘WE’
Don’t think or say ‘I’ – think and say ‘we’
Put the organizations needs and opportunities before your personal agenda
Remember – You have authority because of the organization’s trust in you
VIVEK HATTANGADIWHAT MAKES AN EFFECTIVE EXECUTIVE? - FROM
PETER DRUCKER IN HBR JUNE 2004
18
WHY EIGHT?
The first two practices give them the knowledge they need
The next four convert this knowledge into effective action
The last two ensure the whole organization feels responsible and accountable
VIVEK HATTANGADIWHAT MAKES AN EFFECTIVE EXECUTIVE? - FROM
PETER DRUCKER IN HBR JUNE 2004
19
THANK YOU
From Peter
Drucker in
Harvard
Business Review
VIVEK HATTANGADI
WHAT MAKES AN EFFECTIVE
EXECUTIVE? - FROM PETER
DRUCKER IN HBR JUNE 2004
20