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April 1, 2010

Read a great article today about Peter Drucker. It's chock full of great stuff, and you'll probably need to take your time and read it slowly if you're like me.

Here's just one juicy tidbit from it: "Abandonment: Jim Collins earns applause when he lectures about his "stop doing" list. Jack Welch gained fame for shedding businesses in which General Electric wasn't first or second. But it was Drucker who first suggested that choosing what not to do was a decision as strategic as its opposite. Drucker's theory of "purposeful abandonment" exhorted business leaders to quickly sever projects, policies and processes that had outlived their usefulness. "The first step in a growth policy is not to decide where and how to grow," he told author Jeffrey Krames in 2003. "It is to decide what to abandon. In order to grow, a business must have a systematic policy to get rid of the outgrown, the obsolete, the unproductive."

Read the article here. You'll thank me for it afterward.

Onward and upward,
Stan

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