Management guru Peter Drucker remains one of the best-known and often-quoted business leaders, even though he passed away more than a decade ago. Here are five business tips from Drucker that are as relevant now as ever.
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Good advice is good advice, regardless of when it was originally provided. And, few business gurus are as good at offering a quotable quote. These five pieces of advice from Peter Drucker aren’t just concise, but insightful as well:
Tip 1: Management is doing things right; leadership is doing the right things
A leader and a manager are two very different things. Anyone can manage a team, all it requires is a spreadsheet and a calendar. Being an inspiring leader, however, is harder. It means leading from the front and doing the right thing, even when that’s hard to do.
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Tip 2: The most important thing in communication is hearing what isn’t said
Leadership and effective management requires high emotional intelligence. This not only means being able to read and understand people, but to truly empathise with them as well. It’s impossible to be a great leader if you don’t care about your people.
Tip 3: Efficiency is doing things right; effectiveness is doing the right things
Efficiency on its own is not terribly useful. Doing something efficiently is only a good thing if that action is actually effective - meaning that it helps you achieve your ultimate goals.
Tip 4: Effective leadership is not about making speeches or being liked
Leadership is defined by results not attributes. Lots of great leaders talk the talk, but don’t walk the walk. Don’t be fooled by a ‘cult of personality’. Effective leadership is about getting things done, and that usually means leading from the front.
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Tip 5: Instead of making work difficult, empower your people
Most of what we call management consists of making it difficult for people to get their work done. Effective leadership is about empowering people, not tying their hands with red tape. A good leader trusts his or her people to get the job done.