Marshall Goldsmith

APRIL 7, 2014

Dave once taught me that effective performance can be seen as a function of the quality of an idea times the employee’s commitment to make it happen (EP = QI x C). As Peter Drucker sagely noted, “Most leaders I meet manage knowledge workers. These are people who know more about what they are doing than their boss does.”

Commitment 138

Commitment EPS Ulrich CEO 138

Harvard Business Review

APRIL 7, 2015

Consider management actions such as cutting jobs and investment as a response to currency fluctuations and the resulting accounting impact of those cuts on earnings per share (EPS). As Drucker put it: “Managers are society’s major leadership group … They command the resources of society.”

Management 8

Management Drucker EPS Short-term 8

Harvard Business Review

OCTOBER 9, 2015

Thirty years ago, no less a business guru than Peter Drucker weighed in, skewering short-termism in a Wall Street Journal editorial. Somewhat ironically, many engaging in the discussion seem to think that the issue itself has a short history. But that is far from true.

Hedge 8

Hedge Short-term Long-term EPS 8