Peter Drucker's Five Most Important Questions. Peter F. Drucker

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СКАЧАТЬ has served leaders in every sector for decades and is the perfect companion for Millennials and management today. Our contributors shine a light on several examples of how the self-assessment process can serve any purpose and stimulate progress.

      The war for global talent is in full swing. Executives and organizations in every sector are looking for strategies to amplify the productivity of their younger workforce and grow their skills toward sustainable leadership. Our hope in launching this new edition is to build awareness and cultivate a new community of Drucker fans who will communicate using this basic language of The Five Questions. This can also be a foundational tool for new-manager and leadership-development programs. Drucker's thought leadership can serve as a universal, collaborative platform for developing ideas and strategic plans within a multigeneration team in any environment and sector. Just the act of reflecting on Drucker's influential insights can promote the kind of dialogue that will bring your team closer together and bridge the common communication gap between the different generations.

      Millennials are committed to the success of the social sector, and we have found college students are volunteering all over the globe. In one of my national research studies of college students, 70.0 percent of freshmen and 79.1 percent of juniors and seniors reported volunteering while in college.2 The Millennial generation will continue to seek opportunities to connect the mission of nonprofit organizations to for-profit partners. Great leaders “think of the needs and the opportunities of the organization,” Drucker wrote, “before they think of their own needs and opportunities.”

      As a mentor to undergraduate and master of business administration (MBA) students, I've observed a dramatic shift in their expectations and anxieties regarding postcollege career opportunities. The financial crisis led many companies to change their workforce dramatically, which deflated the sense of security most employees associate with the larger companies. MBA graduates today are becoming more selective in their postgraduate pursuits and setting their sights on new ventures that allow them more responsibility and where they perceive they will gain a deeper understanding of the enterprise. Business schools are encouraging the swelling interest in start-ups through business plan competitions and new media and venture-related courses.

      More Millennials are starting businesses than any previous generation, fleeing cubicles in corporate America to launch their passion projects. According to Bloomberg, 8 out of 10 entrepreneurs who start businesses fail within the first 18 months. In many cases, failure is because of lack of focus in the business strategy, along with a lack of funding. To garner investment and support from others, you must demonstrate core knowledge and laser focus for your business. What better way to build your business than to use the five questions self-assessment tool as your foundation?

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      1

      Peter F. Drucker, The Five Most Important Questions You Will Ever Ask About Your Nonprofit Organization (San Francisco: Jossey-Bass, 1993).

      2

      Barnes & Noble College collaborated with Why Millennials Matter for a national study on the college student's mind-set related to career motivators, influences,

1

Peter F. Drucker, The Five Most Important Questions You Will Ever Ask About Your Nonprofit Organization (San Francisco: Jossey-Bass, 1993).

2

Barnes & Noble College collaborated with Why Millennials Matter for a national study on the college student's mind-set related to career motivators, influences, and skills for success, www.bncollege.com/news/understanding-the-millennial-mindset.

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