Drucker’s strategies for success in difficult times

In a recently published mini e-book, Peter Drucker identifies four strategies for weathering the economic storm:

1. Organised abandonment – abandonment of the unproductive and obsolete and unproductive is the only real way to practice successful cost-cutting and achieving more with less
2. Continuous productivity improvement – success gets sustained by cultivating the right efforts and by getting everyone in the organisation to do things a little better and get better results
3. Exploiting success – starving problems and feeding opportunities
4. Innovation – allowing people to be entrepreneurial

These strategies are not discrete but highly interdependent. Furthermore, they are integral to any organisation with enough vision to realise that successful lean transformation requires an holistic and systems approach, demands shedloads of practice, must accommodate failure and error, and, is a journey without end.

We have long argued that sustained lean transformation requires a systems perspective. We have developed close and long-lasting relationships with a number of organisations that have demonstrated sustained and on-going improvement over time, in order to deepen our understanding of what differentiates these organisations from others. To hear the practical application story of one such organisation and gain profound insight as a result, please join Professor Peter Hines at one of the following two forthcoming events in June and July: