For about a thousand years prior to the 20th century the Chinese used a form of execution known as death by a thousand cuts. That is an apt description of the consequences of the business as usual practices of many companies facing today’s challenges.For example, many executives function as though they were still in an era [...]
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The first imperative is to deliberately, consciously wean the organization from excessive control, the methods most executives learned and practice in their profession. The late Peter Drucker explained, “Because the modern organization consists of knowledge specialists, it has to be an organization of equals, of colleagues and associates. No knowledge ranks higher than another; each [...] Peter G. Peterson A prominent billionaire business man has issued a call to arms to American businesss leaders to “get off their butts” and go on the offensive and play a leading role in helping solve the nation’s economic problems. Peter G. Peterson, former Commerce secretary, CEO of Bell and Howell, and cofounder of the Blackstone [...] In an age in which the average tenure of CEOs has shrunk to about five years, and theories about how to manage successfully through economic turmoil have the lifespan of a tsetse fly, it is interesting to reflect on the amazingly prophetic writings of Peter Drucker who died nearly four years ago at the age of [...] While corporate executives struggle with a recession-induced miasma of layoffs, plant closings, inventory reductions and balance sheet issues, there is a soft drumbeat in the background that is hazardous to ignore. Jack and Suzy Welch, in their regular column in Business Week, put it this way, “throw some time and energy into figuring out what your company’s [...] Peter Drucker, the professor, author and consultant who revolutionized the theory of management, was amazingly prescient, having the ability to foresee the future. He has been dead for more than three years, but his ideas live on. Peter Drucker He was spot-on in describing what is now being experienced in the economy, and slotted it into historical [...] |
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