Tag Archives: Peter F. Drucker

Four Tools for Managing Oneself – Staying on the High Wire

One of the things that I enjoy most about the summer break is a chance to reflect upon my goals, and how I’m doing on my path to achieving them.   Though sometimes mistaken for its superficial relative “self-help” literature (beset by fads and pop-psychology), the systematic study of self-management is important for any professional.  In fact, I wish I’d paid more attention to the topic during my MBA.  Anyway, in pursuit of both summer self-reflection and preparing to teach in the autumn, I thought I’d offer my four favourite tools for managing oneself.

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The Three Faces of Strategy

In their 2010 article in the MIT Sloan Management Review, “What Every CEO Needs to Know About Nonmarket Strategy”, David Bach and David Bruce Allen contend that sustained competitive advantage arises from engaging with “social, political and environmental issues” as part of corporate strategy.

I completely agree, but would make the case more strongly:  much of what passes for corporate “strategy” is actually tactics.  The same goes for much of the advice dispensed by illustrious “strategy” consulting firms.  “Strategy” sounds more important than “tactics,” so everybody calls whatever they’re talking about strategy, and then moves on to dispensing advice.  But what sounds like a linguistic quibble matters, because the distinction between these words bears directly on building a sustained competitive advantage in business.

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