ECONOMICS
DECISION MAKING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Either A or B
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None of the above
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Detailed explanation-1: -Drucker believed that business leaders need to embrace the “spirit of performance” by displaying high levels of moral and ethical integrity in their actions, focusing on results, empowering employees, going beyond financial obligations to shareholders, and ultimately serving the common good.
Detailed explanation-2: -“Management is a multi-purpose organ that manages business and manages managers and manages workers and work.” This management definition was given by Peter F. Drucker in his book, The Practice of Management.
Detailed explanation-3: -People and Performance (1959), p. 120. “Management is doing things right; leadership is doing the right things.”
Detailed explanation-4: -Drucker wrote that asking the wrong question, even if you get the right answer to that question, can be worse than not asking any question at all. The way he put it was, “it is more important to ask the right question than to get the right answer.”