Peter Ferdinand Drucker - Peter Drucker on the Profession of Management (Harvard Business Review Book Series)

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title	:	Peter Drucker On the Profession of Management Harvard Business Review Book Series
author	:	Drucker, Peter Ferdinand.
publisher	:	Harvard Business School Press
isbn10 | asin	:	0875848362
print isbn13	:	9780875848365
ebook isbn13	:	9780585212869
language	:	English
subject	Industrial management.
publication date	:	1998
lcc	:	HD31.D7742 1998eb
ddc	:	658
subject	:	Industrial management.

Page iii Peter Drucker on the Profession of Management Peter F. Drucker

Page iv Copyright 1963, 1964,1966, 1985, 1987, 1988, 1989, 1991, 1992, 1993, 1994, 1998 by the President and Fellows of Harvard College All rights reserved. Printed in the United States of America 02010099 10987 All rights reserved. No part of this book may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise without the prior written permission of the copyright holder. The Harvard Business Review articles in this collection are available as individual reprints. Discounts apply to quantity purchases. For information and ordering contact Customer Service, Harvard Business School Publishing, Boston, MA 02163. Telephone: (617) 495-6192, 9 A.M. to 5 P.M. Eastern Time, Monday through Friday. Fax: (617) 495-6985, 24 hours a day. Library of Congress Cataloging-in-Publication Data Drucker, Peter Ferdinand, 1909 Peter Drucker on the profession of management / Peter F. Drucker. p. cm. - (The Harvard Business Review book series) A collection of articles published in the Harvard Business Review between 1963-1994. Includes index. ISBN 0-87584-836-2 (alk. paper) 1. Industrial management. 1. Title. II. Title: Profession of Management III. Series. HD31.D7742 1998 658-dc21 97-39984 CIP The paper used in this publication meets the requirements of the American National Standard for Permanence of Paper for Printed Library Materials Z39.48-1984.

Page v CONTENTS Preface The Future That Has Already Happened vii Introduction Written By Nan Stone xi Part I The Manager's Responsibilities 1 The Theory of the Business 3 The Effective Decision 19 How to Make People Decisions 33 The Big Power of Little Ideas 43 The Discipline of Innovation 53 Managing for Business Effectiveness 65 Part II The Executive's World 81 The Information Executives Truly Need 83 The Coming of the New Organization 99 The New Society of Organizations 113 What Business Can Learn from Nonprofits 131 The New Productivity Challenge 143

Page vi Management and the World's Work 157 The Post-Capitalist Executive: An Interview with Peter F. Drucker T. George Harris 175 Notes 189 Index 193 About the Author 201

Page vii PREFACE THE FUTURE THAT HAS ALREADY HAPPENED In human affairspolitical, social, economic, and businessit is pointless to try to predict the future, let alone attempt to look ahead 75 years. But it is possibleand fruitfulto identify major events that have already happened, irrevocably, and that therefore will have predictable effects in the next decade or two. It is possible, in other words, to identify and prepare for the future that has already happened. The dominant factor for business in the next two decadesabsent war, pestilence, or collision with a cometis not going to be economics or technology. It will be demographics. The key factor for business will not be the overpopulation of the world, of which we have been warned these last 40 years. It will be the increasing under-population of the developed countriesJapan and those in Europe and in North America. The developed world is in the process of committing collective national suicide. Its citizens are not producing enough babies to reproduce themselves, and the cause is quite clear. Its younger people are no longer able to bear the increasing burden of supporting a growing population of older, nonworking people. They can only offset that rising burden by cutting back at the other end of the dependence spectrum, which means having fewer or no children.

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