A Year With Peter Drucker Summary - Deepstash
How to Succeed at Investing

Learn more about books with this collection

How to create a diversified portfolio

How to analyze stocks and bonds

Understanding the basics of investing

How to Succeed at Investing

Discover 60 similar ideas in

It takes just

8 mins to read

A Year With Peter Drucker - Book Summary

A Year With Peter Drucker compiles 52 lessons with weekly exercises into one comprehensive, year-long curriculum for managers, leaders, and those who aspire to be one or the other, based on the teachings of the father of modern management.

9

166 reads

Author Quote

Author Quote

"There is nothing quite so useless, as doing with great efficiency that, which should not be done at all."

-Peter Drucker

14

216 reads

Book Over

If you don’t know who Peter Drucker is, just get yourself a copy of Managing Oneself . I’ve read and re-read and listened to this book in audio form countless times. It’s very short (the whole audio is just 45 minutes), yet incredibly life-changing. After reading a few pages, you’ll know why Peter Drucker is often called the father of modern management.

9

137 reads

The author of A Year With Peter Drucker , Joseph A. Maciariello , used to be one of Drucker’s close companions, before the latter died in 2005 (at the age of 95, mind you!). Fed up with the fact that Drucker’s great management practices have been watered down and gobbled up by talking heads in recent decades, he decided to publish an all-encompassing compendium, based on Drucker’s personal mentorship program.

8

108 reads

Top 3 Book Lessons

  1. Start using feedback analysis to learn about your strengths and weaknesses early on.
  2. Work on your concentration and information literacy.
  3. Take a sabbatical to develop your skills in the non-profit sector.

11

137 reads

Lesson 1: Start using feedback analysis right now

One of Drucker’s biggest ideas is about a tool he calls feedback analysis. Here’s how it works:

Every time you make a major decision in your life, you write down the outcome you expect it will have 6, 12, and 18 months from now.

After those periods have passed, you simply pull out your original assessment again and see how you did. Were you completely spot on? Did something entirely different happen?

13

115 reads

This simple exercise will help you to see patterns emerge over the years, which will let you figure out what you’re good at, and what you can’t do well. Only if you’re self-aware can you direct your career efforts where they get you and the world the best results, which makes feedback analysis the number one tool in your leadership belt.

10

107 reads

Of course, the earlier you start this practice, the better, because your early career choices will shape your entire professional future. But if you’re already a few years into the game, don’t fret – it’s better to start now than never. Just get going and see what positive changes this practice brings into your life.

8

93 reads

Lesson 2: Work on your skill to concentrate

Drucker says there are just two crucial skills any great manager must possess. That’s good news, but both are tough to master. They are:

  1. The ability to concentrate your efforts.
  2. The ability to understand and interpret data correctly.

12

102 reads

Concentration has nothing to do with personal productivity in this case. It means you have to get your company to focus on the areas where it can generate the maximum results. Where is your company most productive, with the least amount of effort?

11

99 reads

For example, if you have a big engineering team, with lots of nerdy developers, who love to tinker and come up with new, innovative software, then don’t force them to fix customer service bugs all the time. Let them roam, so your company can focus on its core competencies and thrive on its strengths – or as Drucker said: “Don’t major in the minors.”

Also, leave sinking ships early. Don’t keep dying products afloat. You’ll only dilute your efforts. It really only pays to be the best in the world (The Dip, anyone?) .

11

90 reads

Skill number two becomes more and more important in our “Big Data” age. Collecting data is easy. It happens on autopilot with most software by now. Those who are able to read the data, win . During the 2007 financial crisis, four outsiders made billions, just because they looked into housing bonds, and saw the foul foundation the banks were set up on before the rest of the world did (if you want to know the story, watch The Big Short , great movie).

10

84 reads

If you can’t figure out what’s wrong if 15% of your customers demand their money back, you won’t be around for too long.

9

94 reads

Lesson 3: Take a sabbatical to develop your skills

Peter Drucker believed in leadership as a good for the world, not just business. He thought leaders and managers are extremely well-positioned to help governments and non-profit organizations as well.

For example, in 1967 the Californian government suffered a public debt crisis and was forced to do several tax hikes. The situation only turned for the better when some 200 managers took an executive sabbatical and came in to kill a few inefficient, million dollar projects, allowing the government to lower taxes again and even offer tax refunds.

9

83 reads

If you want to broaden your horizon, train your skills elsewhere and do some good, an executive sabbatical at a government body or non-profit organization is a perfect way to boost your capabilities as a leader.

The reason managers do so well in these environments is because they can take abstract goals, like offering education for underprivileged children, into specific, structured goals, like building 25 schools in Africa , with a concrete action plan and implementation process.

9

88 reads

A Year With Peter Drucker - Book Review

Joseph A. Maciariello has done the world a great service by writing A Year With Peter Drucker . It makes perfect sense that we need to be reminded of the lessons learned from the greats sometimes, especially after they’re long gone. In fact, I’d rather read something with a new perspective on old, proven, great insights that work, than jumping at the latest trend, just for the sake of change.

If you’re in a management position, or want to lead a team at your company eventually, Drucker is the best guy to learn from, hands down. Therefore, this book is 100% worth your time, go for it!

8

72 reads

Who would I recommend the A Year With Peter Drucker to?

The 25 year old MBA graduate, who’s on the brink of taking his first job with a big corporation, the 59 year old executive, who’s slowly thinking about retiring and who to pick as a successor, and anyone who hopes to one day lead people towards a bigger purpose.

8

87 reads

CURATED BY

tomjoad

Introverted Extravert

CURATOR'S NOTE

A Year With Peter Drucker - Book Summary

stash-superman-illustration

Explore the World’s

Best Ideas

200,000+ ideas on pretty much any topic. Created by the smartest people around & well-organized so you can explore at will.

An Idea for Everything

Explore the biggest library of insights. And we've infused it with powerful filtering tools so you can easily find what you need.

Knowledge Library

Powerful Saving & Organizational Tools

Save ideas for later reading, for personalized stashes, or for remembering it later.

# Personal Growth

Take Your Ideas

Anywhere

Organize your ideas & listen on the go. And with Pro, there are no limits.

Listen on the go

Just press play and we take care of the words.

Never worry about spotty connections

No Internet access? No problem. Within the mobile app, all your ideas are available, even when offline.

Get Organized with Stashes

Ideas for your next work project? Quotes that inspire you? Put them in the right place so you never lose them.

Join

2 Million Stashers

4.8

5,740 Reviews

App Store

4.7

72,690 Reviews

Google Play

Shankul Varada

Best app ever! You heard it right. This app has helped me get back on my quest to get things done while equipping myself with knowledge everyday.

Ashley Anthony

This app is LOADED with RELEVANT, HELPFUL, AND EDUCATIONAL material. It is creatively intellectual, yet minimal enough to not overstimulate and create a learning block. I am exceptionally impressed with this app!

Sean Green

Great interesting short snippets of informative articles. Highly recommended to anyone who loves information and lacks patience.

samz905

Don’t look further if you love learning new things. A refreshing concept that provides quick ideas for busy thought leaders.

Ghazala Begum

Even five minutes a day will improve your thinking. I've come across new ideas and learnt to improve existing ways to become more motivated, confident and happier.

Giovanna Scalzone

Brilliant. It feels fresh and encouraging. So many interesting pieces of information that are just enough to absorb and apply. So happy I found this.

Jamyson Haug

Great for quick bits of information and interesting ideas around whatever topics you are interested in. Visually, it looks great as well.

Laetitia Berton

I have only been using it for a few days now, but I have found answers to questions I had never consciously formulated, or to problems I face everyday at work or at home. I wish I had found this earlier, highly recommended!

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving & library

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Personalized recommendations

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates