GENERAL KNOWLEDGE

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 doing things right; leadership is doing the right things.” “The most important thing in communication is to hear what isn’t being said.” “Unless commitment is made, there are only promises and hopes; but no plans.” “No one learns as much about a subject as one who is forced to teach it.”

Detailed explanation-3: -Drucker’s five effectiveness practices are as follows: 1) manage your time, 2) focus, 3) make a unique contribution, 4) maximize your strengths, and 5) make sound decisions.

Detailed explanation-4: -These are: market standing, innovation, productivity, physical and financial resources, profitability, managerial performance and development, worker performance and attitude, and public responsibility.