Key Takeaways from 'Managing Oneself' by Peter F. Drucker
1. What are my strengths?
The only way to discover your strengths is through feedback analysis. Write down the expected outcome after making a decision or taking action and compare it with the actual outcome after 9-12 months. After several years of practicing this technique, you may be able to identify your strengths. Next steps include concentrating on these strengths, improving upon them, and identifying any mental or personality blocks (e.g., bad habits or manners) that hinder your growth.
2. How do I perform?
"Just as people achieve results by doing what they are good at, they also achieve results by working in ways that they perform best." It is a matter of personality, which, through effort, can be modified or improved but not completely changed. Understanding your learning style is equally important. Determine whether you learn best by listening, reading, writing, or talking. Similarly, know if you perform better in a team or alone. If you work best in a team, identify whether you thrive in a subordinate position or a decision-making role.
3. What are my values?
Aligning your values with organizational values is important for performance. Incompatibility leads to frustration and non-performance. Drucker suggests the 'Mirror Test,' asking yourself, "What kind of person do I want to see in the mirror in the morning?"
4. Managing Relations
Organizations and individuals do not work in isolation; they function within an environment. Therefore, it is crucial to understand and manage relationships within this environment, especially with the people in it. It is essential for bosses to know the strengths, values, and working styles of their subordinates and colleagues, and vice versa. Achieving this requires effort and communication. Modern organizations are built and succeed on trust, not force.
5. Planning an Alternate Career
In today's age of knowledge workers, individuals often outlive organizations and become bored after doing the same work for about 20 years. Hence, it is important to develop an alternate career. There are three ways to achieve this:
• Second Career: Starting a new career after leaving the first one.
• Parallel Career: Developing and nurturing a side hustle and transitioning to it when the time is right.
• Social Venture: Developing and growing a social venture that brings inner happiness and success. This generally succeeds when one begins early, alongside their first career.