Case study Example | Topics and Well Written Essays - 750 words - 21

Case Study Example Taking more than two tasks makes one ineffective (Drucker 2). According to (Drucker 3), knowledge becomes useful after being translated into action. However, one has to write the course of action before taking the action. An action plan only states the intentions and not a commitment. This has to be revised often since every success or failure brings about new opportunities. In addition, there are other changes in the business setting which require revision of the plan. Action is also important, as it is the basis for one’s time management. One should make a decision, which is considered complete, if one has taken full responsibility of the decision. The name of the person executing it, the deadline, name of the individuals who will be affected by the action and the person who will be informed of the decision have to be clear, in order to ensure responsibility. Decisions are made in all levels of organisational management. Even in low levels, decisions are vital and should not be overlooked (Drucker 4). For one to be an effective leader, he should ensure that both their plans and their need for information are understood. Thus, they ought to share their plans and ask for the opinion of their co-workers. They should also let everybody get the information that they need to perform their duty (Drucker 5). Effective leaders centre on opportunities instead of issues. This is because problem-solving does not give a good outcome, whereas exploiting an opportunity yields better results. There are situations which a leader can take as opportunities. Some of these situations are unexpected failure or success; the difference between the reality and the potential in the market; transformation in an industry; market structure and innovation in a product, process, or service. Another vital element of focusing on opportunity is staffing. Effective executives place their best staff on opportunities instead of problems. One of the ways of doing this