11th Apr2011

Drucker’s 5 most important questions

by Rick Amos

In his book The Five Most Important Questions You Will Ever Ask About Your Organization, Peter Drucker, one of the leading management practitioners of our time, offers a tool for self-assessment and transformation.

Answering these five questions will fundamentally change the way you work, helping you lead your organization to an exceptional level of performance.

Peter Drucker’s five questions are:

  1. What is our Mission?
  2. Who is our Customer?
  3. What does the Customer Value?
  4. What are our Results?
  5. What is our Plan

Check out the whole post by Skip Reardon from Six Disciplines

What do you think? Post your comments.

Category : Excellent Organizations
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09th Apr2011

Execution is worth millions

by Rick Amos

Ideas are worth nothing unless they are executed.

To make the point, this author added a money multiplier to emphasize the impact of execution. Check out the original from O’Reilly ONLamp.com

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It’s so funny when I hear people being so protective of ideas.

To me, ideas are worth nothing unless executed. They are just a multiplier. Execution is worth millions.

Explanation:

AWFUL IDEA = -1
WEAK IDEA = 1
SO-SO IDEA = 5
GOOD IDEA = 10
GREAT IDEA = 15
BRILLIANT IDEA = 20

NO EXECUTION = $1
WEAK EXECUTION = $1000
SO-SO- EXECUTION = $10,000
GOOD EXECUTION = $100,000
GREAT EXECUTION = $1,000,000
BRILLIANT EXECUTION = $10,000,000

To make a business, you need to multiply the two.

The most brilliant idea, with no execution, is worth $20.
The most brilliant idea takes great execution to be worth $20,000,000.

That’s why I don’t want to hear people’s ideas. I’m not interested until I see their execution.

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What do you think?

Category : Execution - Vision to Reality
0 Comm

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