Managing Oneself by Peter Drucker ► Animated Book Summary
Summary
TLDRPeter Drucker's seminal work laid the foundation for modern management principles. He advises individuals to discover their unique strengths, values, working styles, and priorities to best contribute to organizations and relationships. Key lessons include analyzing your past decisions to identify strengths; concentrating resources on enhancing strengths rather than shoring up weaknesses; ensuring your values align with the organizations you work for; determining where you can make the greatest impact; taking responsibility for understanding others; and optimizing the second half of life by exploring parallel careers or other challenging opportunities.
Takeaways
- 😀 Peter Drucker's work laid the foundation for MBA programs and influenced huge organizations like Procter & Gamble, IBM and Intel
- 😮 Feedback analysis helps discover your strengths by tracking key decisions and actions over time
- 🚀 Improving from first-rate performance to excellence takes less energy than improving from incompetence to mediocrity
- 📝 Your ideal way of performing tasks is unlikely to completely change so you should focus on improving how you currently work best
- 😊 Your values should align with the organization you work for to avoid frustration and perform at your highest level
- 😇 Knowing your strengths, values and ideal way of performing helps determine where you belong professionally
- 💡 Regularly ask yourself what contributions you can make to achieve meaningful, measurable results in 18 months or less
- 🤝 Take responsibility for your relationships by understanding others' strengths, values and ways of performing
- 🔁 Many people start a second career after 20 years by changing organizations, starting a side hustle, or volunteering
- 🧠 In the next video: Learn memory techniques from 8-time world memory champion Dominic O'Brien
Q & A
What technique does Peter Drucker recommend to help discover your strengths?
-Peter Drucker recommends using feedback analysis - whenever you make a key decision or take a key action, write down what you expect to happen in 1-3 years. Then compare the actual results to your expectations to see where your strengths lie.
What three key actions does Peter Drucker suggest you take once discovering your strengths?
-The three key actions are: 1) Concentrate on your strengths to improve them 2) Don't waste time on improving weaknesses 3) Identify what might be inhibiting your strengths
According to Peter Drucker, where should most energy and resources go to improve performance?
-Peter Drucker says most energy and resources should go towards making a first-rate performer into an excellent performer, rather than making an incompetent performer mediocre.
What are two ways Peter Drucker suggests to learn your ideal performance style?
-Two ways are: 1) Identify if you are more of a listener or reader for consuming information 2) Consider what environment you work best in - alone, in a team, as a decision maker or advisor.
What should you do if your strengths conflict with your values?
-If your strengths and values conflict, Peter Drucker suggests changing jobs to find a role better aligned with your values, even if it means giving up playing to your strengths.
What three questions does Peter Drucker propose to determine your key contributions?
-The three questions are: 1) What does the situation require? 2) Given my strengths and values, how can I best contribute? 3) What results have to be achieved to make a difference?
Why is it important to take responsibility for your relationships at work?
-It's important because people have unique strengths, values and ways of performing. Understanding these in your colleagues allows you to work together more effectively.
What are three ways Peter Drucker suggests approaching the second half of your life or career?
-The three ways are: 1) Start a career in a different organization 2) Start a parallel "side hustle" career 3) For entrepreneurs who have built a business, start another activity or organization.
What is the key message from Peter Drucker about improving performance?
-The key message is not to try to change your basic way of performing, but rather to fully understand it and then work diligently in environments and on tasks that allow you to perform at your best.
Why does Peter Drucker say plans longer than 18 months rarely work?
-Because it is rare that a plan will still be clear, specific and realistic if it extends further than 18 months into the future.
Outlines
📖 Lessons from Peter Drucker's work on self-management
This paragraph provides an overview of Peter Drucker's work and its influence on organizations like P&G, IBM and Intel. It introduces some key lessons from Drucker on self-management: knowing your strengths through feedback analysis; concentrating on improving strengths rather than weaknesses; understanding your ideal performance style; ensuring your values align with the organization; deciding where you belong based on strengths, values and performance style; determining how to best contribute; taking responsibility for relationships; and optimizing the second half of your career.
🎓 Applying Drucker's lessons to your career
This paragraph summarizes how to apply Drucker's lessons to your own career: discover your strengths, performance style and values to determine where you belong and what you should contribute; set 18-month goals that are challenging, meaningful and measurable; understand others' strengths, values and performance styles; and consider starting a second career later in life through different roles, side hustles, volunteer work or a new business venture.
Mindmap
Keywords
💡strengths
💡values
💡perform
💡belong
💡contribute
💡relationships
💡second half of life
💡get measured gets managed
💡feedback analysis
💡mediocrity
Highlights
Drucker's work laid the foundation of MBA programs and influenced huge organizations like Procter & Gamble, IBM and Intel.
Feedback analysis helps discover your strengths by tracking key decisions and actions over time.
Focus energy on improving from first-rate performance to excellence, not incompetence to mediocrity.
Don't try to change how you work best; improve your way of performing instead.
Your values should match the organization's to perform your best and avoid frustration.
Knowing your strengths, values and performance style shows where you belong.
Ask what your contribution should be based on the situation, your strengths and values.
Set 18-month goals that are hard but achievable and measurable.
Take responsibility to understand others' strengths and values to work well together.
Start a second career after 20 years to keep learning, contributing and feeling challenged.
Dominic O'Brien memorized 416 random playing cards in 30 minutes with memory techniques.
Drucker's work laid a foundation for modern management education and practice.
Align your strengths and values to perform at your best.
Set measurable 18-month goals balanced between realistic and challenging.
Understand others through their strengths and values to enable effective collaboration.
Transcripts
Peter Drucker's work laid the foundation
of MBA programs he had a direct
influence on huge organizations like
Procter & Gamble IBM and even Intel
let's dive into the video and absorb the
wisdom from Peters notorious work
managing oneself lesson one what are
your strengths we need to know what our
strengths are to make wise decisions and
know where we belong
feedback analysis is a technique that
will help you discover your strengths
whenever you make a key decision or take
a key action write it down and what you
expect to happen one year later
compare the actual results with your
expectations in two to three years you
know where your strengths lie when you
discover your strengths
Peter suggests three key actions to take
1 concentrate on your strengths to
improve them and 3 find what things are
inhibiting your strengths for example
you could be a fantastic engineer coming
out of university but if you don't have
any social skills to successfully
communicate your expertise to clients
then you can't make the most of your
strengths the next point is crucial
Peter says it takes far more energy and
work to improve from incompetant
to mediocrity then it takes to improve
from first-rate performance to
excellence and yet most people
especially most teachers and
organizations concentrate on making
incompetant performers into mediocre
ones energy resources and time should go
instead to making a competitive person
into a star performer lesson 2 how do
you perform a person's ideal way of
getting things done can be slightly
modified but it is unlikely to be
completely changed we perform at our
best only when we become aware of in
what ways we work best the first thing
to know is whether you're a listener or
a reader which one are you
would you rather read a physical book or
listen to an audiobook
secondly how do you learn if you're a
computer programming student for example
do you learn best by taking notes is it
listening to your lecturer reading a
textbook or writing computer code other
things to consider are what kind of
environment do work best in do you work
best alone or in a team or do you
produce great results as a decision
maker or an advisor Peter's main message
is to not try to change yourself instead
work hard to improve the way you perform
and try not to take on work that you
will perform poorly lesson 3 what are
your values let's say you work as a
hiring manager at Sam's Pizza bar you
value hiring new employees to improve
the business but the organization values
improving their existing employees if
your values conflict with the
organization's values then you'll be
frustrated and perform poorly to perform
at your best your values should match
it's possible for your strengths and
values to conflict for example Peter was
a great investment banker but he valued
people not being the richest man in the
cemetery as he put it so he quit his job
despite being in the middle of the Great
Depression in the 1930s now my top four
values are health time passion and
freedom last year I was offered a job at
a multinational tech company but I was
one of the two out of 30 people that
turned down the offer the hiring
managers tone of voice indicated that I
was out of my mind when I turned down
the offer but I value freedom and time
and working 15 hours a week at an office
desk giving over the phone technical
support wasn't something I was
passionate about I'd rather spend my
time doing something I love like making
these videos lesson 4 where do you
belong at the intersection of your
strengths values and how you best
perform will be where you belong
you'll be confident making decisions
when opportunities come your way maybe
you'll perform better as a social worker
than an accountant knowing where you
belong
will allow you to go from a mediocre
worker to an outstanding performer
lesson 5 what should you contribute in
other words what tasks should you spend
your time
to answer this peter challenges us to
ask three questions one what does the
situation require to given my strengths
way of performing and my values how can
i make the greatest contribution to what
needs to be done and three what results
have to be achieved to make a difference
it's rare for a plan to be clear and
specific if it exceeds 18 months so we
should be asking where and how can I
achieve results that will make a
difference in a year and a half the
results should be hard to achieve but
not so hard that they are unrealistic to
achieve balance is key they should also
be meaningful and make a difference
lastly they should be visible and
measurable Peter famously said what gets
measured gets managed from this will
come a course of action you know what to
do where to start and what goals need to
be set lesson six take responsibility
for relationships people are as much of
an individual as you are they too have
unique strengths values and ways of
performing knowing what they are will
allow you to work well with others but
if you want to find out you have to ask
them lesson seven the second half of
your life after twenty years of doing
the same kind of work many people are
very good at their jobs but they aren't
learning contributing or deriving
challenge and satisfaction from a job
Peter suggests beginning a second career
three ways of doing this are one start a
career in a different kind of
organization to start a parallel career
more commonly known today as a side
hustle do something part-time that
interest you or consider volunteer work
and the third is for entrepreneurs that
have already built a sustainable
business start another activity that
you're interested in maybe you could
start a not-for-profit organization to
summarize we learnt about discovering
your strengths performance and learning
styles discovering your values how to
belong
what to contribute taking responsibility
for relationships and optimizing the
second half of your life in the next
video you will learn the memory
techniques of the eight-time world
memory champion Dominic O'Brien how
Dominic memorized 416 random playing
cards in 30 minutes and how to never
forget names faces or numbers
thank you for watching and feel free to
comment or subscribe
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