"One cannot manage change. One can only be ahead of it...In a period of upheavals, such as the one we are living in, change is the norm. To be sure, it is painful and risky, and above all it requires a great deal of very hard work. But unless it is seen as the task of the organization to lead change, the organization...will not survive."
-- Legendary management guru Peter Drucker from his book, Management Challenges for the 21st Century. Drucker passed away in 2005, but his lessons continue to guide Procter & Gamble (PG) CEO A.G. Lafley, as Pattie mentions in her post today on how the best bosses find focus.
Lafley references this passage from Drucker in his article, "What only the CEO can do," in the May Harvard Business Review. "The outside changes inevitably, sometimes very fast, and often unpredictably," writes Lafley. It's the job of the CEO, he says, to connect external dynamics with what's happening inside the company. --Jessica Shambora
I was in California this past week and I'm happy to report that the Golden State did not fall into the Pacific Ocean.
It seemed it might, as inches of rain drenched Silicon Valley and the state government fought off insolvency. What a disaster California is right now, even after the legislature yesterday approved a plan to close a $42 billion budget deficit and end the "fiscal emergency" that the action-hero MOREPatricia Sellers - Feb 20, 2009 1:51 PM ET
"The companies acquired the usual encumbrances of success--among them arrogance and bureaucracy--and they devised new ways to fail as well. Or, precisely, their executives did. Companies don't stumble; people do. As Peter Drucker has said: 'Every failure is a failure of a manager.'"
-- Carol Loomis, Fortune senior editor at large, wrote this in a legendary 1993 cover story, "Dinosaurs?," about General Motors (GM), Sears (SHLD), and IBM (IBM). The article MOREPatricia Sellers - Jul 3, 2008 2:26 PM ET
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