QUOTATION 56
PETER DRUCKER AND THE POWER TO SAY NO
Use this to remind you that the best decision makers know when to say no.
Peter Drucker (1909–2005), the godfather of management studies, argued strongly that the most important ability of any decision makers was to:
Learn to say no.
Peter Drucker
The ability to say no stood Warren Buffet, the world’s most successful investor, in good stead in 1998/9 when he refused to invest in technology stocks and again in 2006/7 when he said no to investing in sub-prime mortgages. In both instances, he justified his decision by saying, ‘I don’t understand them.’ He’s not known as the Sage of Omaha for nothing.
WHAT TO DO
- As a manager and decision maker, your job isn’t to please people. It’s to ...
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