One of the greatest leaders of our time was Peter Drucker. Peter Ferdinand Drucker (November 19, 1909 – November 11, 2005) was an Austrian-born American management consultant, educator, and author, whose writings contributed to the philosophical and practical foundations of the modern business corporation. He was also a leader in the development of management education, and he invented the concept known as management by objectives.
Drucker’s books and scholarly and popular articles explored how humans are organized across the business, government, and nonprofit sectors of society. He is one of the best-known and most widely influential thinkers and writers on the subject of management theory and practice. His writings have predicted many of the major developments of the late twentieth century, including privatization and decentralization; the rise of Japan to economic world power; the decisive importance of marketing; and the emergence of the information society with its necessity of lifelong learning. In 1959, Drucker coined the term “knowledge worker” and later in his life considered knowledge worker productivity to be the next frontier of management.
Here is what Peter Drucker believed about leadership:
- A leader is someone who has followers
- Popularity is not leadership, results are
- Leaders are highly visible, they set examples
- Leadership is not rank, privilege, titles or money; it is responsibility
Leaders do not hide behind issues; they confront and resolve them. Leaders do not avoid conflict; they embrace it and learn from it. Leaders don’t sit in their offices all day; they interact and work closely with their co-workers. Leaders don’t need control; they know how to get things done by understanding the business issues clearly and resolving them through collaboration. Leaders listen. Leaders change and embrace change. Leaders lead change.
Do you work for a great leader? Are you a great leader? Do you have what it takes?
Don’t follow, lead.
A classic tune from the 80’s to begin your day today.
Thanks to Wikipedia www.wikipedia.org for the brief overview of Mr. Drucker.
Retailers are watching me. You too!
With smartphones, online shopping and lots of data, more and more companies are watching everything that you do to learn how to better sell you goods and services. Retailers are using a variety of different tactics such as customer loyalty programs, facial recognition devices and cell phone signal trackers. Then they use the collected data to determine where to place products in the store and how and where to advertise.
Picking up your cell phone signal – Some U.S. malls rolled out technology that tracked consumers‘ cell phone signals in stores to track their paths through the mall. This technology is already popular in Europe and Australia.
Loyalty programs – Many businesses use loyalty cards to track purchases and shopping habits. The retailer uses this information to target promotions exactly to the shopper.
Location Apps – Target and Walgreens have apps that lead customers around the store to the items they’re looking for. But while you have access to location information about the store, the retailer has the power to see what you’re looking for and where you go.
Abandoned carts? Products that you pick up and then put down? How you walk the store? All of this information is being used to make your shopping experience even more pleasurable – or so they say!
And in the spirit of Monday morning tuneage, yet another classic from Rockwell – I believe he is a one hit wonder:
More on this tomorrow. Thanks to www.businessinsider.com
Enjoy the day.
Are You Frugal? Have you changed your behavior?
The recession changed us. So much of what we built financially over the previous decade was erased in just a couple of weeks. IRA’s values were cut in half. Jobs were lost. Housing values were pummeled and continue to struggle mightily. Banks stopped lending and getting credit has become difficult to obtain. Our global economy continues to pose significant challenges and our nations debt now exceeds $15 trillion dollars. A huge number.
Did you know that last year our government borrower $41,000 per second? Or that we owe China and Japan more than $2 trillion dollars?
Even though our government continues to pile on the debt, the American consumer has modified their behavior considerably. Here are some awesome stats:
- In 2010, we redeemed 3.3 billion coupons and saved $3.7 billion
- Coupon usage has increase by 20% over the last 5 years
- 30,000 daily deals are available on over 650 sites everyday
- 1 in 6 Americans use daily deal sites regularly
- Groupon and Living Social have 125MM subscribers
- We drove over 3 trillion miles in 2010, less than we did in 2006
- 44% more Americans shop at bulk grocery stores
- 75% of grocery shoppers now use grocery lists to keep track of spending versus 45% in 2008
- Savings rates are 4 times higher than 2005
- Even if they won the lottery, 96% of people questioned would still use coupons
The infographics that include these statistics can be found at:
Thanks to the great infographic contributors at www.visual.ly (www.fxfatcat.com and rmmojado)
Americans have modified their behavior considerably based on the reality of our times. Maybe our government will learn something from the people that elect them.
R U Fru? BFRU?
Enjoy the weekend.