basic trends

Management of an institution has to be grounded in basic and predictable trends that persist regardless of today's headlines, be it 9/11, 10/11, 7/11

Henry Ford

The story of Henry Ford, his rise and decline, and of the revival of his company is what one might call a controlled experiment of mismanagement. The first Ford failed because of his firm conviction that a business did not need managers and management. All it needed, he believed, was the owner-entrepreneur with his "helpers". For example, he would fire or sideline any of his "helpers", no matter how able, who dared act as a "manager", make a decision, or take action without orders from himself. Ford's failure was not the result of personality or temperament but, first and foremost, the result of his refusal to accept managers and management as necessary.




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Jeremy's 21st.
Slept at 3 a.m. last night.
Times flies when you talk.
I wake with a sense of trepidation each day, but I'll have it no other way.

reinventing

Nowadays, people work increasingly with knowledge, rather than with skill. Knowledge and skill differ in a fundamental characteristic- skills change very very slowly. Knowledge, however, changes itself. It makes itself obsolete, rapidly. Thus, a knowledge worker becomes obsolescent if he or she does not go back to school every three or four years. People change over time. They become different people with different needs, different abilities, different perspectives and therefore for it comes with a need to "reinvent themselves".

You have to make something different out of yourself, rather than just find a new supply of energy when you think you are burning out.

CNYeve

Whenever a Jesuit priest or a Calvinist Pastor does anything of significance (for instance, making a key decision), he is expected to write down what results he anticipates. Nine months later (the mean gestation period for humans), he then feeds back from the actual results to these anticipations. This very soon shows him what he did well and what his strengths are. It also shows him what he has to learn and what habits he has to change. Finally, it shows him what he is not gifted for and cannot do well.



thedruckersidekick on continuous learning

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Chinese New Year Eve.

whatever it means to you

sICKoNfriDAY

sleep

thedruckersidekick sleeps for inspiration and dreams for the future.

21

thedruckersidekick turned 21

oil

crude oil $39.89
▼0.94 2.30%

so what lasts forever?

pain is temporary, if I quit it lasts forever.
well said, well said.

boss

stalk list

"work"

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Daniel has started his "work" in approach communications.
This will be his normal waking hours from hence forth 550a.m. to 11p.m. til the 25th of Feb.
Not that the world needs to know.
But He feels that the Daniel in 2020 would like these trivial details to be recorded somewhere for later viewing.
Moving on, or rather, moving back to the topic.
Daniel encountered a steep learning curve today.
However, he enjoyed it.


Short and simple yes?

abandon ship

"If we did not do this already, would we, knowing what we know, go into it now?"

"No"

"What do we do now?"

"Outright abandonment"

"?"

"In any case, for management purposes there are no 'costless assets'. There are only 'sunk costs'."

"ah, ic."


and Thus, Daniel learned something new with regards to knowing when to abandon ship.


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Daniel learnt about the 2+1 principle for collecting rent today.
He feels that it is interesting to engage and negotiate with prospective tenants.

organizational inertia

Every activity in an organization eventually becomes obsolete.
No need to be sentimental about yesterdays' plan or way of doing something.


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Daniel had a surprise early b'day wish this morning.
A menu is due soon at the windmill.

admonition

Replace the quest for success with the quest for contribution. 

An admonition from the Drucker himself. 

parsimonious

Daniel's first new word for the new year - parsimonious