Peter Drucker is one of the most well-known names in the world of business, often credited with creating the field of management. In the many business courses I have taken over the years, the odds were high that his name and his contributions would be a featured part of the course.
So when I saw the title of Dan Pink’s latest Pinkcast: “Here’s Peter Drucker’s simple method for improving your performance“, I was all in.
This episode looks at one of Drucker’s self-management techniques known as “feedback analysis,” which involves writing down your expectations today to improve your performance tomorrow.
This technique can be broken down into two simple steps:
- Whenever we are about to make an important decision, write down in advance what we expect will happen
- In nine to twelve months, compare the actual results to our expectation
Dan notes that he uses a modified version of this, and has found the following benefits:
- It helped him to see his blind spots. Many problems seemed obvious in retrospect and as a result, Dan got better at identifying and avoiding problems in the future.
- Dan got better at understanding his strengths and weaknesses, both of which are critical for high performance. The gap between his expectations and reality enabled him to focus on what he was good at and delegate what he was not so good at.
- This technique made Dan a bit bolder. Dan realized that he was often a little too pessimistic and hence too cautious in trying new things.
Here’s the video:
My fear is that if I tried this technique, I might find out I didn’t accomplish nearly as much as I expected and so I would go into a funk and never want to try this again…
*image from Toolshero