The late management expert Peter F. Drucker, in his book The Effective Executive, states an executive does not have to be a leader. Effective executives, he states, follow eight practices shown under three headings: To gain knowledge, they asked two questions: What needs to be done? What is right for the enterprise? They converted knowledge to effective […]
Strategy Means Choices Not Long Term Plans
Ask ten business people what strategy is, and most will offer the same answer: a long-term plan. My undergraduate students produce a similar reply on the first day of my strategic management class. Besides, many folks use the word to inflate their activities’ importance. One business executive bragged, “I am excited because after one year we […]
Doing God’s Vision, Mission, and Goals, Under His Guidance
Small businesses employ almost 50% of Canada’s private sector workforce; it’s an important growth area. Are you in or planning to join this sector? Are you thinking about kicking-off a home-based business? Ensure you have a clear vision and mission, solid values, a coherent strategy, and a firm value creation platform.