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Summary: The Essential Drucker – Peter Drucker

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The must-read summary of Peter Drucker's “The Essential Drucker: The Best of Sixty Years Writings on Management”.This complete summary of the ideas from “The Essential Drucker” exposes the book's most important ideas, explaining the basic principles of management and its challenges. This useful summary also discusses the changes that are likely to happen in the business world of tomorrow, and the skills that will be needed to face it, thus providing you with an opportunity to get ahead of things and take the lead. Added-value of this summary:• Save time • Understand the key concepts• Expand your knowledge of managementTo learn more, read “The Essential Drucker” and discover how to take the lead! 
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    Anna Timofeevamembuat kutipan6 tahun yang lalu
    When the strategy itself is the innovation, the basic economic characteristics can be changed creating new and additional customers.
    Anna Timofeevamembuat kutipan6 tahun yang lalu
    It requires entrepreneurial strategies.”
    – Peter Drucker
    There are four entrepreneurial strategies available:
    Be first to market and dominate a new industry.
    This is the approach most managers associate with entrepreneurship. If you can develop something new, get to the market first and retain leadership, you’ll be highly rewarded. But the risks of this strategy are high.
    Use creative imitation to piggyback on what others are doing. This is exploiting the success of others – doing something someone else has already done better than they did it and then serving the market demand they have created. The Japanese have made an art form of this in many industries.
    Create a monopoly in a small area and charge a toll fee. This strategy aims at controlling one element everyone else needs to use in putting together a complete solution. That way, every market participant has to pay an access fee to you. It may be built around a specialty skill or exclusive access to a specialty market.
    Change the economics of a product, market or industry. When the strategy itself is the innovation, the basic economic characteristics can be changed creating new and additional customers. This can be achieved through:
    The creation of new and greater utility for customers.
    Selling the razor blades rather than the shaver itself.
    Adapting a product to meet the realities of
    Anna Timofeevamembuat kutipan6 tahun yang lalu
    Management 4: The four key entrepreneurial strategies.

    “Just as entrepreneurship requires entrepreneurial management, that is, practices and policies within the enterprise, so it requires practices and policies outside, in the marketplace

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    Christian Braad Petersen
    MBA ektra
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