Toward The Next Economics And Other Essays

Peter F. Drucker

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A collection of Peter Ferdinand Drucker's legendary essays on business, management, economics and society, written between 1972 and 1980. They reflect an international viewpoint and are concerned with what Drucker called "social ecology" and especially institutions governments, organized science, business or schools. This hardcover release is being published as part of the Harvard Business Press Drucker Library.

What will you learn from this book

  1. Human-Centric Management: Drucker often emphasized that people, not just profit or technology, should be at the center of management. Understanding human motivations, needs, and aspirations is crucial for effective leadership.

  2. Importance of Innovation and Entrepreneurship: Innovation, according to Drucker, is the primary driver of economic growth. He championed the importance of entrepreneurial spirit in driving innovation and economic development.

  3. Decentralization and Empowerment: Drucker advocated for decentralization and empowerment within organizations. He believed that decision-making should be pushed down to the lowest possible level for efficiency and effectiveness.

  4. Continuous Learning and Adaptation: Emphasizing the need for lifelong learning, Drucker believed that successful individuals and organizations should continuously learn, adapt, and innovate to stay relevant.

  5. Societal Impact of Business: Drucker highlighted the responsibility of businesses to contribute positively to society. He believed that businesses should consider their impact on society and act as responsible corporate citizens.

  6. Management by Objectives (MBO): Drucker introduced the concept of Management by Objectives, which involves setting clear goals and objectives collaboratively and then aligning all efforts toward achieving them.

  7. Customer-Centric Approach: Drucker emphasized the importance of understanding and satisfying customer needs. He believed that a customer-centric approach is essential for business success.

  8. Ethics and Integrity in Business: Drucker stressed the importance of ethics and integrity in business dealings. He believed that ethical conduct and social responsibility should be integral to an organization's culture.

  9. Global Perspective and Adaptation: Drucker recognized the increasing interconnectedness of the world and the necessity for businesses to have a global perspective, adapting to diverse cultures and markets.

  10. Continuous Improvement and Effectiveness: Encouraging organizations to focus on continuous improvement and effectiveness rather than efficiency alone, ensuring that they do the right things rather than just doing things right.

Language English
ISBN-10 9781422131558
ISBN-13 978-1422131558
No of pages 502
Font Size Medium
Book Publisher Harvard Business Press
Published Date 01 Feb 2010

About Author

Author : Peter F. Drucker

4 Books

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