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W HAT MAKES AN EFFECTIVE EXECUTIVE ? F ROM HBR R EVIEW OF J UNE 2004 P ETER D RUCKER From Peter Drucker in Harvard Business Review VIVEK HATTANGADI WHAT MAKES AN EFFECTIVE EXECUTIVE? - FROM PETER DRUCKER IN HBR JUNE 2004 1

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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

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VIVEK HATTANGADIWHAT MAKES AN EFFECTIVE EXECUTIVE? - FROM

PETER DRUCKER IN HBR JUNE 2004

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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

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VIVEK HATTANGADIWHAT MAKES AN EFFECTIVE EXECUTIVE? - FROM

PETER DRUCKER IN HBR JUNE 2004

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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

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VIVEK HATTANGADIWHAT MAKES AN EFFECTIVE EXECUTIVE? - FROM

PETER DRUCKER IN HBR JUNE 2004

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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

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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

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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

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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

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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

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THANK YOU

From Peter

Drucker in

Harvard

Business Review

VIVEK HATTANGADI

WHAT MAKES AN EFFECTIVE

EXECUTIVE? - FROM PETER

DRUCKER IN HBR JUNE 2004

20

[email protected]