Audiobook41 minutes
What Only the CEO Can Do
Written by Peter F. Drucker
Narrated by Deaver Brown
Rating: 4.5 out of 5 stars
4.5/5
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About this audiobook
What Only the CEO Can Do?
This Harvard Business Review (HBR) article describes and focuses on the unique tasks only a CEO can perform. The core elements of this article were created by Peter Drucker. They were then updated and further refined by former P & G CEO, Arthur Lafley. This article and our corresponding Harvard Thoughts audio book define the importance of the CEO focusing his or her organization first on the most meaningful outsider, the customer.
Then Drucker addresses the concept of What Business are You In (also see our HBR based audio book,
What Business are You In? by Ted Levitt) and how this is a task only the CEO can perform. The CEO must identify the organization’s core competencies and shed the non-core ones. Lafley describes how he did this at P & G with Peter Drucker’s assistance by focusing on core brands for P & G to be more nimble in their marketing efforts and by spinning off secondary ones to companies such as Smuckers who added these brands to their core product lines. P & G also benefited financially from this refocusing by becoming a major Smuckers’ shareholder.
Drucker then emphasized the second key CEO task, balancing short term against long term needs to earn sufficient present income to support investments for the future to sustain and grow the company over extended periods of time.
And finally they stated that the third key CEO task was to establish clear values and core standards in an organization. They emphasized this meant the CEO must make sure these are completed understood and internalized throughout the organization, from top to bottom.
Keywords: HBR, Harvard, Harvard Business School, HBS, emotional intelligence, self-awareness, self-regulation, motivation, empathy, social skills, talents, skills, CEO, executive, manager, values, goals, objectives, long term, core standards.
This Harvard Business Review (HBR) article describes and focuses on the unique tasks only a CEO can perform. The core elements of this article were created by Peter Drucker. They were then updated and further refined by former P & G CEO, Arthur Lafley. This article and our corresponding Harvard Thoughts audio book define the importance of the CEO focusing his or her organization first on the most meaningful outsider, the customer.
Then Drucker addresses the concept of What Business are You In (also see our HBR based audio book,
What Business are You In? by Ted Levitt) and how this is a task only the CEO can perform. The CEO must identify the organization’s core competencies and shed the non-core ones. Lafley describes how he did this at P & G with Peter Drucker’s assistance by focusing on core brands for P & G to be more nimble in their marketing efforts and by spinning off secondary ones to companies such as Smuckers who added these brands to their core product lines. P & G also benefited financially from this refocusing by becoming a major Smuckers’ shareholder.
Drucker then emphasized the second key CEO task, balancing short term against long term needs to earn sufficient present income to support investments for the future to sustain and grow the company over extended periods of time.
And finally they stated that the third key CEO task was to establish clear values and core standards in an organization. They emphasized this meant the CEO must make sure these are completed understood and internalized throughout the organization, from top to bottom.
Keywords: HBR, Harvard, Harvard Business School, HBS, emotional intelligence, self-awareness, self-regulation, motivation, empathy, social skills, talents, skills, CEO, executive, manager, values, goals, objectives, long term, core standards.
Author
Peter F. Drucker
Peter F. Drucker is considered the most influential management thinker ever. The author of more than twenty-five books, his ideas have had an enormous impact on shaping the modern corporation. Drucker passed away in 2005.
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Reviews for What Only the CEO Can Do
Rating: 4.378378378378378 out of 5 stars
4.5/5
37 ratings1 review
- Rating: 2 out of 5 stars2/5I found the book a little bit too redundant and boring.