
Peter Drucker on confusing efficiency with effectiveness https://t.co/rEFOWSrjsU
Peter Drucker on confusing efficiency with effectiveness https://t.co/rEFOWSrjsU
What this reveals is that improving profitability has two distinct management components. Some elements (predominantly short-run “hygiene” issues) get overmanaged, and many (long-run “health” issues) are undermanaged.
Knowledge work is not defined by quantity. Neither is knowledge work defined by its costs. Knowledge work is defined by its results.