The World's Best Book Summaries
What does the term “knowledge worker” mean? What should the goal of knowledge workers be? According to Peter Drucker, knowledge workers are employees whose primary contribution comes from subject-matter expertise that isn’t shared by everyone else in an organization. Knowledge workers are now the driving force in most, if not all, businesses and organizations. Learn how to guide knowledge workers and utilize their talents.
Why is there a market for electric vehicles? Why are people venturing into the arena of space travel? Economist Robert J. Shiller asserts that certain narratives take off and take hold because they receive influential endorsements. He credits the charismatic leadership of Elon Musk for two of these economic narratives. Keep reading to learn how Elon Musk’s charismatic leadership has captured our imagination in two sectors of the economy.
What are the best hiring criteria for recruiters to follow? Should you look for the best of the best in your line of work? Most companies get skilled employees by identifying the most talented workers in their industry and stealing them away from other companies. However, Jason Fried and David Heinemeier Hansson advise against doing this. Check out below what Fried and Hansson recommend doing instead.
What’s managerial decision-making? How do you know if you’re making the right decision for the organization? It’s management’s role to make decisions based on issues affecting the whole organization. In The Essential Drucker, Peter Drucker asserts that at the executive level, managers should devote their time to making strategic, broad-ranging decisions, not solving low-level problems. Continue reading to learn what it takes to make managerial decisions.
What’s the importance of employee benefits? What types of benefits do employees deserve? Jason Fried and David Heinemeier Hansson recommend supplying your team with generous benefits to make them want to stay at your company for the long haul. Retaining your current employees by offering them benefits is more effective than replacing them. Check out the reasons why it’s better to offer more benefits than replace employees.
How do management and innovation go hand-in-hand? Where does innovation come from? Managers are responsible for keeping an organization afloat. In addition, says Peter Drucker, innovation is required by managers to steer their business toward the future, which requires experimenting with new ideas. Here’s how managers can use innovation to put their business on the right path.
What does adaptability in business look like? How can being adaptable keep your company afloat? Adaptability in business means being willing and able to adjust your business model or processes to better meet the changing needs of your customers. Learning how to be adaptable can make your business stronger and more likely to succeed. Read on to learn how to make your business more adaptable and what benefits this can bring.
Do your employees work well together? How do you build a team that enhances each other’s strengths? In It Doesn’t Have to Be Crazy at Work, Jason Fried and David Heinemeier Hansson share their perspectives on treating employees as a long-term investment. Doing so makes your organization a more effective and satisfying place to work. Let’s discuss their tips for learning how to create effective teams in an organization.
What are the top innovative strategies in business? Is it easy to find a market that has no competition? In The Essential Drucker, Peter Drucker lays out three different approaches that managers can apply to entrepreneurial endeavors. These include innovations that establish preeminence in a market, those that improve upon competitors’ work, and those that identify a specialty niche with no competition. Discover more about these innovative strategies so you can apply them to your business.
What’s Jeff Bezos’s leadership style? How does Amazon stay in the lead in the market? To maintain Amazon’s market leadership, Bezos and the rest of his leadership team focus on the company’s success in the future, not on its current quarterly statements. Bezos explains his insistence on making decisions that pay out in the long run. Check out how Bezos makes judgment calls to be the best leader for Amazon.