Peter F. Drucker on Globalization

by Peter F. Drucker

Overview

Managing in a Globalized Economy

In this collection of essays, renowned management thinker and teacher Peter F. Drucker guides leaders on how to find opportunities and make the right decisions in a business context that is increasingly global.

This collection delivers a set of urgently needed lessons on how business leaders today can manage through complexity and volatility—and make the wisest possible choices while balancing the perils and promise of globalization. Using in-depth stories and examples from a diverse range of sectors, industries, and geographies, Drucker offers managers insight into:

• The global economic trends impacting world trade
• The productivity of the global workforce
• Managing major organizational decisions in a turbulent environment

Both timely and enduring, Peter F. Drucker on Globalization is a forward-looking guidebook packed with practical wisdom.

Product Details

ISBN-13:	9781633699625
Publisher:	Harvard Business Review Press
Publication date:	05/19/2020
Sold by:	Barnes & Noble
Format:	eBook
Pages:	400
File size:	1 MB

About the Author

Peter F. Drucker (1909–2005) is one of the best-known and most widely influential thinkers on the subject of management theory and practice, and his writings contributed to the philosophical and practical foundations of the modern corporation.

Often described as "the father of modern management theory," Drucker explored how people are organized across the business, government, and nonprofit sectors of society; he predicted many of the major business developments of the late twentieth century, including privatization and decentralization, the rise of Japan to economic world power, the critical importance of marketing, and the emergence of the information society with its implicit necessity of lifelong learning. In 1959, Drucker coined the term "knowledge worker" and in his later life considered knowledge-worker productivity to be the next frontier of management.

Peter Drucker died on November 11, 2005, in Claremont, California. He had four children and six grandchildren.

You can find more about Peter F. Drucker at cgu.edu/center/the-drucker-institute.

Table of Contents

Publisher's Note ix

Preface: The Future Is Being Shaped Today xi

Interview: A Talk with a Wide-Ranging Mind xv

Part I Economics

1 The Changed World Economy 3

2 America's Entrepreneurial Job Machine 33

3 Why OPEC Had to Fail 39

4 The Changing Multinational 44

5 Managing Currency Exposure 49

6 Export Markets and Domestic Policies 54

7 Europe's High-Tech Ambitions 59

8 What We Can Learn from the Germans 64

9 On Entering the Japanese Market 69

10 Trade with Japan: The Way It Works 75

11 The Perils of Adversarial Trade 81

12 Modern Prophets: Schumpeter or Keynes? 87

Part II People

13 Picking People: The Basic Rules 101

14 Measuring White-Collar Productivity 111

15 Twilight of the First-Line Supervisor? 116

16 Overpaid Executives: The Greed Effect 120

17 Overage Executives: Keeping Firms Young 126

18 Paying the Professional Schools 131

19 Jobs and People: The Growing Mismatch 135

20 Quality Education: The New Growth Area 141

Part III Management

21 Management: The Problems of Success 149

22 Getting Control of Staff Work 176

23 Slimming Management's Midriff 180

24 The Information-Based Organization 185

25 Are Labor Unions Becoming Irrelevant? 190

26 Union Flexibility: Why It's Now a Must 196

27 Management as a Liberal Art 202

Part IV The Organization

28 The Hostile Takeover and Its Discontents 213

29 The Five Rules of Successful Acquisitions 240

30 The Innovative Organization 244

21 The No-Growth Enterprise 249

22 Why Automation Pays Off 253

23 IBM's Watson: Vision for Tomorrow 257

24 The Lessons of the Bell Breakup 271

25 Social Needs and Business Opportunities 302

Afterword: Social Innovation-Management's New Dimension 323

Acknowledgments 337

Index 339