“Efficiency is doing things right; effectiveness is doing the right things.” - Peter Drucker
This quote or a variation often gets used to describe the difference between strategy and tactics; leadership and management.
While it is possible to separate them the truth is that many of the top leaders are relentlessly disciplined managers. Think:
- Tim Cook at Apple ($1 Trillion Valuation!)
- Retired General James Mattis (Amazing Planner)
- Jeff Bezos ($100B+ Net Worth)
- Andy Grove (Intel Founder / OKR System)
Admiral Hyman G. Rickover who is considered the “Father of the Nuclear Navy” was a relentless and disciplined manager. He oversaw every detail of building out then operating a nuclear submarine fleet with a record of zero reactor accidents.
Contractors have to put together many thousands of parts coming from hundreds of suppliers and subcontractors across dozens of projects each year operating on very thin margins with tight cash flow and major safety risks.
Disciplined management is a key to sustainable growth.