Monday, April 12, 2010

Work-life lessons from Peter Drucker

Peter F. Drucker (19 Nov 1909 – 11 Nov 2005) is well-known as "the father of modern management".

In fact, Drucker's teachings on personal growth or self-management, are as profound as his views on organizational management.

Drucker personified the value of creating and living a "total life" with diverse interests, relationships, and pursuits. He called this as "living in more than one world."

He exemplified the following 5 key elements to crate a "total life":

1. Practice self-development

Drucker opined that: "What matters is that the knowledge worker, by the time he or she reaches middle age, has developed and nourished a human being rather than a tax accountant or a hydraulic engineer."

We should start thinking about our life, both as it is now and where we'd like it to go. It should cover not only our work, but also our life outside of work, i.e. family, friends, interests, activities, and pursuits.

2. Identify and develop your unique strengths

Consider what's unique about what you do, and in what areas you excel and contribute the most, both at work and outside of work. Focus on those strengths, which are your own core competencies, and find new ways to cultivate and cherish them.

3. Create a parallel or second career

Drucker said, "The purpose of the work on making the future is not to decide what should be done tomorrow, but what should be done today to have a tomorrow."

Drucker encouraged us to think about possibilities for a parallel or second career, while we're still in our main job. Leveraging on our existing knowledge and experience, and exploring into the area of teaching, writing, or working in non-profit organizations could be some good idea.

4. Exercise your generosity

Drucker believed an essential part of living in more than one world is to display a sense of generosity.

Sharing your time and talents in areas such as volunteerism, social entrepreneurship and mentoring, not only provide opportunities to contribute, but also offer personal benefits from broadening and deepening your life experience to expanding your circle of friends and colleagues.


5. Teaching and learning

Drucker would like to see us to incorporate continuous learning as a natural part of our daily life. We should also consider teaching, as he said, "No one learns as much as the person who must teach his subject."

Drucker’s secrets to success can help our life and career be more satisfying, meaningful and multi-dimensional. The following are 7 tips to get started:

  • Focus on achievement, not money
  • Make time for thinking - where you are and where you're going.
  • Practice "systematic abandonment" - stepping back, at regular intervals, to determine which of your present activities can be scaled back or eliminated. Only then can you make way for something more fruitful.
  • Volunteer your time and talent
  • Become a mentor - if you’ve been guided by mentors of your own, pay it forward by mentoring others. If not, look for opportunities to both mentor and be mentored.
  • Learn the art of leisure
  • Be the CEO of your own life - self-management is an ongoing discipline, requiring self-knowledge, introspection, and personal responsibility. Start now to think of yourself as the CEO of your own life and career, and take accountability for your decisions and actions. Know who you are, what is important to you, and how you will contribute at work and in the world.

The above are my notes taken from an article written by Bruce Rosenstein, the author of the book Living in More Than One World: How Peter Drucker's Wisdom Can Inspire and Transform Your Life.

Property investment in information age with Google Earth and Google Maps

Mr Ho Chin Soon (何振顺) recent talk in The Edge Investment Forum on Real Estate 2010 has enlightened me about the use of Google Earth and Google Maps in property investment.

Google Earth enables us to zoom in to the property of our interest, survey its surrounding environment and nearby township, assess the road systems and buildings, measuring distance from city center, know the nearby amenities, etc. You can also watch Panoramio photos and/or Youtube videos of selected locations uploaded by contributors in the Internet.

One of the powerful feature of Google Earth is it Historical Imagery, which enables us to view the historical satellite images of the location, and see its change and development over time.

For example, we are able to see the rapid development of Kota Damansara on the northern part of Klang Valley, by looking at its Historical Imagery in 2004...


and compare with its most recent image taken in 2007...


Meanwhile, Google Maps is directly accessible with your web browser, and enable you to easily switch between Satellite view, Map view and Terrain view.

No doubt that Google Earth and Google Maps can help you study the area of interest, find out the township developments and conditions of the surroundings, before you actually pay a visit to the site. They can also give you a clearer picture about the present and past developments and constructions of a location, and probably let you discover some growth area that you might be interested to invest in.

Saturday, April 10, 2010

The most reliable laptop brands are...

If you are planning to buy a new laptop or a new netbook during the PC Fair or otherwise, you might be interested to read this.

SquareTrade, the largest independent warranty service provider in US has, in 16 November 2009, unveiled a report that analyzed failure rates of over 30,000 new notebook computers manufactured by 9 leading brands (with minimum 1,000 units of each brand sampled) over the past 3 years.

The report concluded that:

  • 31% of laptop failed during the first 3 years. 2/3 of this failure (20.4%) came from hardware malfunctions, another 1/3 (10.6%) was reported as accidental damage.
  • Netbooks have a 20% higher failure rate from hardware malfunctions than laptops.
  • The failure rate is inversely propotional to the market grade (and price) of the laptop.

And the most reliable laptop brands are Asus and Toshiba which scored almost equally.


So, if reliability is important to you, you might probably consider laptop than netbook, with preferance to the more reliable brands above.

Click here to read the full report of SquareTrade's Laptop Reliability Study.

Hint: Click on the "Older Posts" link to continue reading, or click here for a listing of all my past 3 months articles.