Lessons from Peter F. Drucker

In his last book on management, before his death in 2005, noted management theorist Peter Drucker lists five questions that he insists must be answered if you want to succeed in your business, whether it’s the actual brick and mortar, or home-based business. But, before proceeding any further, a few words about who Drucker was.

Drucker was a recipient of the Presidential Medal of Freedom, the highest award bestowed on a civilian in recognition of “an especially meritorious contribution to the security or national interests of the United States, world peace, cultural or other significant public or private endeavors.” This award was given in 2002 in recognition of his contribution to business and management, and the social sciences.

So, when it comes to business and management, Drucker knew whereof he speaks. Though he hated it, Drucker is often referred to as a management guru. His works challenged conventional and traditional management wisdom and shattered many long standing beliefs about how to run a successful business.

In this post I’m going to enumerate these five questions to provide you with a guide in your online business. Consider it a bit of online business training.

So, hereunder is the list. Take a look at it and see if you’ve gone into any of them and find out if you are on track with answering any or all of them..

1. What is your mission?

Continue reading “Lessons from Peter F. Drucker”

Is Mission the Same as Vision?

CONFUSION

These two terms have been a cause of confusion and disagreements among business people for a long time.  The arguments hinge on the issue that while both may result in the same thing – the achievement of goals, the approaches vary very greatly.

In this post I’m going to go into some detail as to the distinction between Mission and Vision. Online home business owners will find the distinction very helpful in their efforts to succeed.

Management experts do not agree Continue reading “Is Mission the Same as Vision?”