Showing posts with label hbr. Show all posts
Showing posts with label hbr. Show all posts

Monday, July 01, 2013

"Peter Drucker - Managing Oneself" on SlideShare.net

IN THE INTRODUCTORY paragraph of this legendary paper for Harvard Business Review, Peter Drucker writes:
We live in an age of unprecedented opportunity: If you've got ambition and smarts, you can rise to the top of your chosen profession, regardless of where you started out. 
But with opportunity comes responsibility. Companies today aren't managing their employees' careers; knowledge workers must, effectively, be their own chief executive officers. It's up to you to carve out your place, to know when to change the course, and to keep yourself engaged and productive during a work life that may span some 50 years. To do those things well, you will need to cultivate a deep understanding of yourself - not only what your strengths and weaknesses are but also how you learn, how you work with others, what your values are, and where you can make the greatest contribution.
Because only when you operate from strengths can you achieve true excellence.
Marking a small footnote today as this 10-slides synopsis (below) of Peter Drucker's "Managing Oneself" crosses a sort of a mini milestone on SlideShare with a thousand+ downloads from 26k+ views overall since its first publication.
Thank you all.






Sunday, September 02, 2012

Our Decision-making Process That Short-circuits Reality

From Ivo Velitchkov's Enterprise Architecture blog - "Beliefs and Capabilities": [try here]
"From the observable data and experience we select some and affix meaning to it. This forms the basis of our assumptions. And then we come to conclusions which in turn influence our beliefs. Our beliefs are the basis of our actions which bring more data and experience from which we select some, affix meaning and so on. We tend to believe that we affix meaning to the observable data, oblivious of the selection we always make. In a similar way we believe that we draw conclusions by clear reasoning, while we actually always apply some assumptions."
Beliefs and Capabilities:

The Inference Cycle:


See also:
  • Go here for Chris Argyris's Harvard paper: Teaching Smart People How To Learn [PDF]
  • Go here for SystemWiki entry - Ladder of Inference: Short Circuiting Reality
  • Go here for Argyris's theories of action, double-loop learning and organizational learning

Sunday, December 26, 2010

HBR: Most Popular Articles of 2010

AN EXCITING YEAR IS DRAWING TO A CLOSE. Coming full circle of seasons it is winter again while the haven freezes over and a friend messaged from Leh in north-western Himalayas, "Its -15.4° C (4.2° F) here. Expect snow typing." I am almost sure it was meant to read "slow typing".


HBR on their part collectively published some 1000+ articles over the last 365 days. Recently, one of the editors listed the top 10 most popular articles among them (try here). Listed below are the five articles that I liked most.

1. Why I Returned My iPad by Peter Bregman
Peter Bregman stands in a two-hour queue-for-a-gadget for the first time to get his hands on iPad on its launch day. And within days, he is hooked. In this I-fear-I-might-loose-boredom post, Bregman talks about returning his iPad to Apple because it was "too good". He writes, "It's too easy. Too accessible. Both too fast and too long-lasting. For the most part, it does everything I could want. Which, as it turns out, is a problem." Because, he feared, he might loose his boredom, and hence, creativity. Go here to know why. [Tags: Managing yourself, Time management]

2. 12 Things Good Bosses Believe by Robert Sutton
Coming from Sutton’s popular book "Good Boss, Bad Boss", this short article is more of a link list where the items in the list go on to become articles in themselves. Some pretty common-sense stuff that sounds too apparently recognizable and one might just nod one’s head through it without the real attention or much effort in remembering it. That’s where the associated articles come in useful. Go here for the first branch of the tree. [Tags: Managing people, Leadership]

3. The Best Cover Letter I Ever Received by David Silverman
This remains one of the most popular articles of 2010 even though Silverman actually published it the year before. The answer to the question in the title is rather sarcastic. Silverman doesn't want people to waste time over writing cover letters, and explains the reasons in this post. Go here for this short and sweet post, and go here for his preceding and popular article - How to Write a Résumé That Doesn't Annoy People. [Tags: Career planning, Hiring, Business writing]

4. Define Your Personal Leadership Brand by Norm Smallwood
Smallwood published his book around personal branding about three years ago. This article provides a decent synopsis of his overall ideas. Targeted at leaders in general and consultants in particular, this five-step approach is a good lead to put the basics in place, and to build upwards from there. How different this is from developing and grooming a leadership personality? Well, I suppose a "personal leadership brand" is short-lived in comparison, and like most products, it carries a shelf-life and an expiry date. Go here for your own branding tips. [Tags: Personal effectiveness, Leadership development]

5. Six Social Media Trends for 2011 by David Armano
Published earlier this month, this forecasting post talks about the six likely trends that we could encounter in '11: Social media integration in corporate policies, Cheaper devices and faster connectivity, Facebook reigning over Foursquare for more business-friendly services, Social media schizophrenia and Identity crisis, Google to "strike back", and finally, Integration of brands in Social media e.g. Apple + Twitter = Ping. Go here for Armano's blog post. [Tags: Social media]
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Friday, October 15, 2010

HBR: What Is The Work Of The CEO?

"The CEO is the link between the Inside that is 'the organization,' and the Outside of society, economy, technology, markets, and customers. Inside there are only costs. Results are only on the outside."
-- Peter Drucker, "The American CEO"
Alan ("A.G.") Lafley TOOK OVER AS CEO of Procter & Gamble in June 2000 when the FMCG behemoth was battling turbulent times. At 6pm on his first day at the office as the new (and first time) CEO he was facing a hostile press conference live on national television – like a "deer in the headlights" as he recalls. P&G stock price that had crashed from $86 to $60 in one day tanking Dow index by 374 points, went further down by 11% at the news of Lafely's appointment as the new chief. The headlines went from "P&G Investor Confidence Shot" to "We love their products, But we hate their stocks." to "Does P&G Still Matter?"


Four years into working hard at trying to turn the tide and leading P&G as the chief executive, one day out of the blue, A.G. decided to give a call to Peter Drucker at his residence. Drucker, 83 at that time, answered the calls himself, and apparently invited A.G. to come over for a chat.

In October 2004, A.G. and a groups of executives spent quality hours discussing the leadership challenge with Peter Drucker at his residence. Drucker made numerous side notes during the meetings, and others made notes of Drucker's advisory quotes and observations. In 2009, before retiring after 10 years as the CEO of P&G, A.G. compiled an HBR article and published a very interesting case study on how he turned around P&G's fortunes to make it one of world's largest consumer goods manufacturer. On the larger part, A.G. credits Drucker for his strategy and success.

In a nutshell, A.G. Lafley notes the following four fundamental tasks of the CEO as per Drucker’s simple and clear observations, with Drucker's comments as quotes:

1. DEFINE The Meaningful Outside –
Determine which external constituency matters most. Your company has many stakeholders, each with important demands. Once you’ve defined your most important external constituency, ensure that everyone acts on that understanding.

2. DECIDE What Business You Are In –
"Equally important—and also a task only the CEO can fulfill—is to decide, What is our business? What should it be? What is not our business? And what should it not be?"
For example, what are your core businesses, and which of them will you grow? Analyze the attractiveness of the businesses you’re already in, your company’s position in existing industries relative to competitors’, and industries’ strategic fit with your core competencies.

3. BALANCE The Present And The Future –
"The CEO decides on the balance between yield from the present activities, and investment in an unknown, unknowable and highly uncertain future... it is a judgment rather than [a decision] based on 'facts.'" Adding that, "Effective CEOs make sure that the performing people are allocated to opportunities rather than only to 'problems.' And they make sure that people are placed where their strengths can become effective."
Ensure that stakeholders’ near-term interests don’t overshadow your company’s long-term future. Balance short-term investments with investments in resources needed for your company’s longer-term future.

4. SHAPE Values and Standards –
"CEOs set the values, the standards, the ethics of an organization. They either lead or they mislead."
Define your company’s values (its identity) and standards (expectations) in ways that encourage the right behaviors.

Saturday, July 31, 2010

HBR: Paths to Power by Jeff Pfeffer

"Power is the organization’s last dirty secret." ~ Rosabeth Moss Kanter
POWER IS REQUIRED IF ONE WANTS TO GET ANYTHING DONE in any large organization. Unfortunately, Power doesn’t just fall into one’s lap: one will have to go after it and learn how to use it. Stanford University professor for Organizational Development, Prof. Jeffery Pfeffer, argues that being uncomfortable with Power Dynamics has cost career promotions (and sometimes, the job) to many talented people from premier organizations and institutes including Harvard and Sloan. Pfeffer offers a primer on why power matters, how to get it, and how to use it to advance your organization's agenda - and thus, in turn, how to furthering your career, not just incidentally.

Powerful people prevail by using various techniques when push comes to shove. With examples from real-life and historical accounts from corporate and national political scenarios Pfeffer illustrates many of these techniques. (Interestingly, Pfeffer analyses Lalit Modi's ascent to great power from the world's wealthiest sporting body to the world cricket arena as one of the case studies.)

In his brilliant article titled "Power Play" in the latest issue of HBR magazine Pfeffer discusses the following basic idea. The article headline reads: "Acquiring real clout—the kind that helps you get stuff done—requires bare-knuckle strategies." Written more as a survival guide for any new 'idea' to progress, Pfeffer identifies personal barriers that the leader has to overcome. The article explains 11-point exercise towards the Paths of Power, acknowledging all along that it is not the ideal world that the techniques apply to, but rather it is for the real world that one deals with, and which is much less 'ideal' and just than all of us may want it to be.

The basic idea of the article is this:
Any new strategy worth implementing has some controversy surrounding it and someone with counteragenda fighting it. When push comes to shove, you need more than logic to carry the day. You need power.

Learning to wield power effectively begins with understanding the resources you control. Money is not the only one. Whatever you have - a valuable network, access to information - can be meted out or denied to gain leverage.

You can also push past obstacles through sheer relentlessness. You should avoid wasting political capital on side issues and dispense with opponents in ways that allow them to save face.

You may find such power plays and the politicians behind them unsavory - and they can be. But you'll have to get over your qualms if you want to bring about meaningful change.



Pfeffer identifies three main barriers that can make you 'your own worst enemy' unless you learn how to get over them and embrace the power you need.
1) The Belief That the World Is a Just Place: Believing in a just world makes people less powerful in two important ways. First, it limits their willingness to learn from all situations and all people, even those they don’t like or respect. Second, it anesthetizes them to the need to proactively build a power-base.

2) The Leadership Literature: The teaching on leadership is filled with prescriptions that reflect how people wish those in positions of power behaved. There is no doubt that the world would be a much better place if people were always authentic, modest, truthful, and concerned about others, instead of simply pursuing their own aims. But wishing that’s how people behaved won’t make it so.

3) Your Delicate Self-esteem: If people intentionally do things that could diminish their performance, they can view disappointing outcomes as not reflective of their true abilities. For instance, told that a test is highly diagnostic of intellectual ability, some people will choose not to study the relevant material or to practice, thereby decreasing their performance but at the same time providing an excuse that doesn’t implicate their natural ability. Similarly, if people don’t actively seek power, the fact that they don’t obtain it doesn’t have to be seen as a personal failure.

In the article, Pfeffer argues that Power is 'exercised' using some of the following techniques:
  1. Mete out resources.
  2. Shape behavior through rewards and punishments.
  3. Advance on multiple fronts.
  4. Make the first move.
  5. Co-opt antagonists.
  6. Remove rivals—nicely, if possible.
  7. Don’t draw unnecessary fire.
  8. Use the personal touch.
  9. Persist.
  10. Make important relationships work—no matter what
  11. Make the vision compelling.

So, welcome to the real world. It may not be the world we want, but it’s the world we have!

See also:
  • Go here for the HBR article page. And here for the HBR IdeaCast podcast page for Jeffery Pfeffer's interview - Telling The Truth About Power.
  • Go here for Jeffery Pfeffer's official page at Stanford University.

Sunday, March 14, 2010

"The Right Thing To Do" - Harvard Lectures on Moral Philosophy

PROF. MICHAEL SANDEL OPENED HIS FAMOUS CLASS ON "JUSTICE" and Moral and Political Philosophy at Harvard University, USA, with the following (cautionary) address:
If you look at the syllabus, you would notice that we read a number of great and famous books. Books by Aristotle, John Locke, Immanuel Kant, John Stuart Mill, and others. [...] We will read these books, and we will debate these [philosophical] issues, and we will see how each informs and illuminates the other [school of thought]. This may sound appealing and interesting enough, but here I have to issue a warning:

To read these books, in this way, as an exercise in self-knowledge, carries certain risks. Risks that are both personal and political. Risks that every student of Political Philosophy has known. These risks spring from the fact that philosophy teaches us, and unsettles us, by confronting us with what we already know. There is an irony: the difficulty of this course consists in the fact that it teaches what you already know. It works by taking what we know from familiar unquestioned settings, and making it strange. [...] Philosophy estranges us from the familiar, not by supplying new information, but by inviting and provoking a new way of seeing.

But, and here is the risk, once the familiar turns strange, it is never quite the same again. Self-knowledge is like lost innocence; however unsettling you find it, it can never be 'unthought' or 'unknown'. What makes this enterprise difficult, but also revetting, is that Moral and Political Philosophy is a story, and you don't know where the story would lead, but you do know that the story is about You. Those were the personal risks.

Now, about the political risks: one way of introducing a course like this is to promise you that by reading these books, and debating these issues, you would become a better, more responsible, citizen. You will examine the presuppositions of public policies, you will hone your political judgement, you will become a more effective participant in public affairs. But this would be a partial and misleading promise. Political Philosophy, for the most part, hasn't worked that way. You have to allow for the possibility that Political Philosophy may make you a worst citizen rather than a better one. Or at least, a worst citizen *before* it makes you a better one. And that is because philosophy is a distancing, even debilitating, activity. And you see this going back to Socrates [and his dialogue with his friend Callicles who tried to talk him out of philosophising]. [...] Philosophy distances us from conventions, from established assumptions, and settled beliefs. Those are the risks - personal and political.

And in the face of these risks, there is a characteristic evasion. The name of the evasion is skepticism  It's an ideal. [It goes something like this] we didn't resolve, once and for all, either the cases or the principles we were arguing about when we began [with the case studies]. And if Aristotle, Locke, Kant and Mill hasn't solved these questions after all these years, who are we to think that we can resolve them? So, maybe, its is just a matter of each person having his or her own set of principles, and there is nothing more to be said about it. No way of reasoning. That's the evasion of skepticism. To which I would offer the following reply:

It is true, these questions have been debated for a very long time. But the very fact that they have recurred and persisted may suggest that though they are impossible in one sense, they are unavoidable in another. And the reason they are unavoidable, the reason they are inescapable, is that we *live* some answers to this questions everyday. [...]

The aim of this course is to awaken the restlessness of reason, and to see where it might lead...
[Transcript-ed from the actual lecture. Emphasis added. Official transcript could not be resourced.]

Prof. Michael Sandel's class has commanded one of the highest enrollments at Harvard Business School of a thousand plus in a given semester at times. It is one of the most famous of all management classes at Harvard where Sandle is teaching since '80s after returning from Oxford, England. Recently, one such series of lectures was video-recorded and has been placed into (international) public domain [see details below] where one can virtually participate in the proceedings of Prof. Sandel's lectures. It is as much relevant as it is rewarding.


The foundation here is primarily of Western Philosophy. However, when one gets familier with the contents, it may emerge that many of the fundamental ideas debated by Utilitarianism with/against Categorical moral principles in these discussions have also been acknowledged, contemplated, and commented upon by eastern scholars at India's ancient established "Business-Political" schools such as Taxila. Folklore has it that (management) gurus like 'Chanakya' (sometimes, also 'Kautilya') of these times were entrusted with the mentorship of the princes. Where, arguably, Utilitarianism is more akin to Kutil-niti (Diplomacy) and Arthashastra (Economics). Categorical moral philosophy can be referenced with Chanakya's tactics on Raj-niti (Governance).

[Edit: P.S. A follow-up post may appear on this blog after studying the available lectures.]

Saturday, January 16, 2010

HBR: Managing Oneself - by Peter Drucker

HISTORY'S GREAT ACHIEVERS - A NAPOLEON, A DA VINCI, A MOZART - have always managed themselves. That, in large measures, is what makes them great achievers. Addressing the knowledge workers in the new economy, Peter Drucker goes on to emphasize the needs for personal development, stating that they must, effectively, be their own chief executive officers in taking the responsibilities of developing their own careers; beginning by saying:
We live in an age of unprecedented opportunity: If you've got ambition and smarts, you can rise to the top of your chosen profession, regardless of where you start.
As the first of the series, the presentation that follows - within a max of 10 slides - captures the essence of Peter Drucker's legendary paper "Managing Oneself", which he published while stepping into the new century at the turn of the millennium.


  • See also:
  • Go here for the full article at HBR website, and go here to try it out at Amazon
  • Go here to download this presentation from slideshare.net

Saturday, December 26, 2009

"What would Peter do?" – A Tribute at Drucker Century


PETER F. DRUCKER WAS BORN IN AUSTRIA IN 1910, and would have completed a century this past Nov '09. It was celebrated all over by "Duckerites", among which one IIM professor said - if you have some time that you want to spend in a gainly manner then simply flip open any of Peter Drucker’s books and start reading. “Classic Drucker” was at an arm's length at that time and was worth giving a try. Apparently, the prof was right. What follows now is a brief intro before the main business.

Originally, an investment banker from London, Drucker was first published in German in 1930. He then went on to write 39 books on management and wrote editorial for WSJ for 20 years. At the height of the financial chaos, one WSJ issue carried his picture on the front page titled "What would Peter do?" – as if the question was being put to, if you may, a body of knowledge collectively known as Peter F. Drucker.

Drucker was also titled "the father of modern management". His writings have remained remarkably relevant up to and beyond Y2K era, at times touching daily life; his lessons in leadership and managing change offered a very fresh thinking; his passion towards non-profit organizations were of a true spirit; his “predictions” of corporate events such as fall of General Motors – which he actually helped build in 1950's, make him stand ahead of his time. Same as most of visionaries, perhaps. But if one is looking, there is a pattern to be found in Drucker’s digests – the advices pertain to the fundamentals, they encompass overall entropy of the system and urged to find solutions by referring to the organism’s inherent nature, and they were kept simple, brief and generic at times by cleaver wordplay.

What shall follow is a three-part series wherein some from Ducker's best of articles would be featured. A humble tribute [update] starting with Managing Oneself where Drucker sets goals, objectives and responsibilities for the Knowledge Worker.

Sunday, November 29, 2009

Leadership Speech of 'Guru' Greg Chappell

Greg Chappell at Mysore, Nov'09 [Source: self]
BRIEF, ARTICULATE, NO-NONSENSE, ALL-BUSINESS 'Guru' Greg Chappell has a pleasantly lighter side to his otherwise tough-guy personality and the young Indian crowd of Software professionals at ILI, Mysore got the rare pleasure of interacting up close and personal with the Australian cricket legend during his leadership speech last week.

Greg Chappell is a master tactician from southern Australia – apart from being the captain of Australia Test squad like his grandfather and elder brother, his illustrious career also includes joining breakaway leagues, fighting off nude opponents on the pitch, and the historically forgettable under-arm delivery that Greg as the then captain of Australia instructed his younger brother Trevor Chappell to deliver as the final ball in '81 against NZ at MCG.

Sunday, July 26, 2009

HBR: Short Overseas Assignments

HOW SHOULD ONE REPLY TO THAT seemingly casual email detailing titillating offer of servicing the client from onsite or onshore location for a few weeks or months to take the project to the next big level? The short answer is, reply by sleeping over it a couple of days, especially while one is been-there-done-that category. The recent HBR research article however goes on to urge you to deny it flatly.

It is apparently less costly for the company to push for short-termed, employee-only transfer compared to a two-year global assignment having a settled designation for the similar tasks. The research running for a couple of years shows that these propositions are riddled with marriage troubles, depression, child behaviour issues, and other difficulties.

Sunday, June 21, 2009

Mushroom Theory Leadership

Mushroom Management Theory: Keep employees in the dark and fearful, feed them manure and dung, watch them grow and when they grow enough, get them canned. (try here for more at urban dictionary)
IN QUITE A CONTRAST TO THE PREVIOUS post on model leadership, this is not only a different type of leadership, it is found being practices widely as well. Referencing their publication for this month (June 2009), John Landry of Harvard Business Review writes that Lehman would not have happened if they would have allowed a freer flow of information, or made it easier for employees to raise their concerns. Industry observers have drawn parallels of Lehman explosion with implosions of Enron and WorldCom citing the same "keeping in dark" issues where information is not shared.

But before that, a brief 'story':

Tuesday, July 08, 2008

HBR: "The Right Way To Be Fired"

NO EMPLOYMENT CONTRACT HAS A PERMANENCY CLAUSE. The category "permanent employee" is only to differentiate one from temps - both remain time-bound nonetheless. There may be a clause in the employment contract talking about retirement age of an employee, and rather misleadingly, that might go on to give an impression to the newly joined that her job is secure and permanent until the age of say 60 years. However, in reality that section of the employment terms is just another clause suggesting when would you be required to leave your present job. As the "globalization" story propagates to more and more regions and industries, it is getting increasingly important, especially to the optimistic lot like myself too young for that retirement age yet, that the realities of the impermanent nature of jobs and employment be realised, the sooner the better, such that one can make a more informed and rewarding career planning.

They also call it acting "professional".

In essence, an organization employs personnel because and until it requires them. Unlike perhaps government jobs, no organization is obliged to continue an employment on a sort of permanent basis. It has never happened in the history of employment. The primary function of a Human Resources department is thus to create a comfort-zone called 'sense of permanency' where there may not be any for real. Job cuts, Pink slip, Resignation, Hire/Fire, and Layoffs are rather harsh words in the politically correct arena of corporates and employment, but they are as relevant and real as the pay cheque; and that is why the top career planners and advisory firms counsel with their clients to have what is called a "severance contract" embedded within the job offer-letter itself.

At the risk of having an anti-climax or feeling counter-intuitive for having to talk about separation formalities while discussing joining details, Maryanne Peabody and Dr. Laurence J. Stybel, after 22 years of research and working with more than 500 top executives, argue that "it's your best hedge against a bitter exit" and would come to one's rescue in so many ways when things get "uncomfortable". The case in point: prenuptial agreement that protects both sides, and the face-saving usefulness it has shown over the years.

Having come too close for comfort myself to such a scenario I was nodding almost all the way through this very interesting and relevant paper by Peobody and Stybel titled "The Right Way To Be Fired" and published by Harvard Business Review under Managing Your Career series (see links below). Following is an excerpt from the executive summery section (emphasis added):
Nearly all of us will lose our jobs sometime, but is there a right way to be terminated? What differentiates fired employees who make the best of their situation from those who do not? One answer is mind-set. Many 'workers' unconsciously hold a "tenure mind-set", believing in the promise of employment security. By contrast, other workers hold an "assignment mentality", seeking each job as one in a series if impermanent, career building stepping-stones. Most corporate board members and CEO's have this later mentality and consider their executives to be terminal assignments...

When the employees who hold the tenure mind-set are suddenly laid off, they can fall into three common traps: "lost identity" trap - executives who have over-identified with their jobs and feel indispensable fall into this trap and react to termination with anger and bitterness; "lost family" trap - employees who posses tight-knit, emotional bonds with co-workers feel betrayed and rejected when fired; "lost ego" trap - some introverted executives fall into this trap and they quietly retreat without negotiating termination packages.

To prepare for the eventuality of termination it is suggested that executives adopt assignment mind-set all the times. They should keep their social network alive, include a termination clause in employment contracts, and consider hiring an agent [...] By assuming control over the way they are fired, people can gain control over their careers...
As in almost all walks of life the key has been identified as Mind Gap. The paper is very well illustrated with real-life examples and handles the delicate issues with required gentleness as well as practical wisdom. Whilst the situation of job loss is almost a daily news in the high-cost and profit-centric regions, the so called low-cost locations are also catching up, for every organization would want to replicate itself albeit at a smaller scale when it creates presence in the low-cost region, and in doing so also clones its HR policies.

Going through the Pink-slip tales and their economic ramifications one can not help but have the sense of living dangerously in the contemporary corporate environment. Along with the suggested mitigation strategies in the paper, I noticed "impermenance" being mentioned at least once on each and every page. And I could not help but carry the reference further to the premise called Three Marks of Existence in Buddhism where anicca (impermenance) is one of them.

Finally, as they say:
Jobs belong to the organizations, but careers belong to the individuals.
Update: HBR ran a cover story - The layoff - in their March' 09 issue. Go here for the online copy.
  • See also:
  • Related article: Five lessons from Sub-prime crisis
  • Go here for purchasing this HBR article "The Right Way To Be Fired" from Harvard online store
  • Go here for the official website of Stybel Peabody & Associates
  • Go here for a relevant story by Y! news: "Executives afraid to take holidays in case 'they lose jobs'"