The Drucker Difference : What the World's Greatest Management Thinker Means to Today's Business Leaders

Why Drucker's Ideas Matter More Now than Ever “This book is an excellent way to understand how Drucker’s ideas apply to today’s dilemmas, be they the problems faced by organizations, by governments, or by individuals.”-from the Foreword, by Charles Handy “This compilation of smart essays on the ‘Drucker difference’ illustrates how astonishingly wide the wings of Drucker’s wisdom have spread. We all stand gratefully in his shadows, silent in awe.” —Warren Bennis, Professor Emeritus, University of Southern California “Peter Drucker is more than a ‘management writer.’ He literally created the foundation on which a Functioning Society rests. In The Drucker Difference, Peter’s closest colleagues extend and amplify his tour de force body of ideas and ideals. It is the next step forward.” —Bob Buford, Chairman, The Drucker Institute, and Founder, Leadership Network “Much has been written by and about my friend and mentor, Peter Drucker. But this book is different. It is written by those who knew and understood him as friends and faculty colleagues and reflects his thoughts and principles as they are currently being taught to those who will be making a difference for tomorrow.” —C. William Pollard, Chairman Emeritus, The ServiceMaster Company “Hats off to the Drucker faculty members for putting the tacit knowledge they gained from working together with Peter Drucker into explicit knowledge through the publication of this book.” —Ikujiro Nonaka, Professor Emeritus, Hitotsubashi University, Japan, and Xerox Distinguished Faculty Scholar, University of California at Berkeley “The Drucker Difference is a unique book that enables present and future executives to capitalize on Peter Drucker’s wisdom and to comprehend that knowledge from an entirely new perspective.” —Minglo Shao, Chairman, Bright China About the Book: Peter F. Drucker was one of the most influential business thinkers in history. Considered the father of modern management, he was concerned not only with the human side of management, but also with the larger societal roles played by both companies and the individuals within them. If there has ever been a time when such thinkers are relevant, it is now. The Drucker Difference casts new light on Drucker’s business philosophy, analyzing his most important ideas in the context of today’s business world. Through individual contributions by professors from The Peter F. Drucker and Masatoshi Ito Graduate School of Management, it combines expert insight and current scholarship to reveal how organizations and executives can interpret and apply Drucker’s timeless ideas. Today’s top business thinkers provide sixteen chapters analyzing Drucker’s views on the most critical issues of our time, including: Government, business, and civil society (Ira Jackson) The interplay of values and power within companies (Karen E. Linkletter and Joseph A. Maciariello) Applying collaboration to “knowledge work” (Craig L. Pearce) Drucker’s management vision (Richard Smith) Economic environment, innovation, and industry dynamics (Hideki Yamawaki) Each contributor explains a single, classic aspect of Drucker’s work, examines its implications in today’s business environment, and applies an up-to-date and contemporary interpretation of Drucker’s wisdom. Covering everything from marketing and leadership to strategy and governance, The Drucker Difference is both a timely new assessment and a valuable addition to the canon of Drucker literature.

Why Drucker's Ideas Matter More Now than Ever

“This book is an excellent way to understand how Drucker’s ideas apply to today’s dilemmas, be they the

problems faced by organizations, by governments, or by individuals.”
-from the Foreword, by Charles Handy

“This compilation of smart essays on the ‘Drucker difference’ illustrates how astonishingly wide the wings of

Drucker’s wisdom have spread. We all stand gratefully in his shadows, silent in awe.”

—Warren Bennis, Professor Emeritus, University of Southern California

“Peter Drucker is more than a ‘management writer.’ He literally created the foundation on which a Functioning

Society rests. In The Drucker Difference, Peter’s closest colleagues extend and amplify his tour de force body of

ideas and ideals. It is the next step forward.”

—Bob Buford, Chairman, The Drucker Institute, and Founder, Leadership Network

“Much has been written by and about my friend and mentor, Peter Drucker. But this book is different. It is written

by those who knew and understood him as friends and faculty colleagues and reflects his thoughts and

principles as they are currently being taught to those who will be making a difference for tomorrow.”

—C. William Pollard, Chairman Emeritus, The ServiceMaster Company

“Hats off to the Drucker faculty members for putting the tacit knowledge they gained from working together with

Peter Drucker into explicit knowledge through the publication of this book.”

—Ikujiro Nonaka, Professor Emeritus, Hitotsubashi University, Japan, and

Xerox Distinguished Faculty Scholar, University of California at Berkeley

“The Drucker Difference is a unique book that enables present and future executives to capitalize on

Peter Drucker’s wisdom and to comprehend that knowledge from an entirely new perspective.”

—Minglo Shao, Chairman, Bright China

About the Book:

Peter F. Drucker was one of the most

influential business thinkers in history. Considered

the father of modern management, he

was concerned not only with the human side

of management, but also with the larger societal

roles played by both companies and the

individuals within them.

If there has ever been a time

when such thinkers are relevant, it is now.

The Drucker Difference casts new light on

Drucker’s business philosophy, analyzing his

most important ideas in the context of today’s

business world. Through individual contributions

by professors from The Peter F. Drucker

and Masatoshi Ito Graduate School of Management,

it combines expert insight and

current scholarship to reveal how organizations

and executives can interpret and apply

Drucker’s timeless ideas.

Today’s top business thinkers provide sixteen

chapters analyzing Drucker’s views on the

most critical issues of our time, including:

• Government, business, and civil society

  (Ira Jackson)

• The interplay of values and power within

  companies (Karen E. Linkletter and

  Joseph A. Maciariello)

• Applying collaboration to “knowledge work”

  (Craig L. Pearce)

• Drucker’s management vision (Richard Smith)
• Economic environment, innovation, and industry

  dynamics (Hideki Yamawaki)

Each contributor explains a single, classic

aspect of Drucker’s work, examines its implications

in today’s business environment, and

applies an up-to-date and contemporary interpretation

of Drucker’s wisdom.

Covering everything from marketing and

leadership to strategy and governance, The

Drucker Difference is both a timely new

assessment and a valuable addition to the canon

of Drucker literature.

Why Drucker's Ideas Matter More Now than Ever “This book is an excellent way to understand how Drucker's ideas apply to today's dilemmas, be they the problems faced by organizations, by governments, or by individuals.” -from the Foreword, by Charles Handy “This compilation of smart essays on the ‘Drucker difference'illustrates how astonishingly wide the wings of Drucker's wisdom have spread. We all stand gratefully in his shadows, silent in awe.” —Warren Bennis, Professor Emeritus, University of Southern California “Peter Drucker is more than a ‘management writer.'He literally created the foundation on which a Functioning Society rests. In The Drucker Difference, Peter's closest colleagues extend and amplify his tour de force body of ideas and ideals. It is the next step forward.” —Bob Buford, Chairman, The Drucker Institute, and Founder, Leadership Network “Much has been written by and about my friend and mentor, Peter Drucker. But this book is different. It is written by those who knew and understood him as friends and faculty colleagues and reflects his thoughts and principles as they are currently being taught to those who will be making a difference for tomorrow.” —C. William Pollard, Chairman Emeritus, The ServiceMaster Company “Hats off to the Drucker faculty members for putting the tacit knowledge they gained from working together with Peter Drucker into explicit knowledge through the publication of this book.” —Ikujiro Nonaka, Professor Emeritus, Hitotsubashi University, Japan, and Xerox Distinguished Faculty Scholar, University of California at Berkeley “The Drucker Difference is a unique book that enables present and future executives to capitalize on Peter Drucker's wisdom and to comprehend that knowledge from an entirely new perspective.” —Minglo Shao, Chairman, Bright China About the Book: Peter F. Drucker was one of the most influential business thinkers in history. Considered the father of modern management, he was concerned not only with the human side of management, but also with the larger societal roles played by both companies and the individuals within them. If there has ever been a time when such thinkers are relevant, it is now. The Drucker Difference casts new light on Drucker's business philosophy, analyzing his most important ideas in the context of today's business world. Through individual contributions by professors from The Peter F. Drucker and Masatoshi Ito Graduate School of Management, it combines expert insight and current scholarship to reveal how organizations and executives can interpret and apply Drucker's timeless ideas. Today's top business thinkers provide sixteen chapters analyzing Drucker's views on the most critical issues of our time, including: Government, business, and civil society (Ira Jackson) The interplay of values and power within companies (Karen E. Linkletter and Joseph A. Maciariello) Applying collaboration to “knowledge work” (Craig L. Pearce) Drucker's management vision (Richard Smith) Economic environment, innovation, and industry dynamics (Hideki Yamawaki) Each contributor explains a single, classic aspect of Drucker's work, examines its implications in today's business environment, and applies an up-to-date and contemporary interpretation of Drucker's wisdom. Covering everything from marketing and leadership to strategy and governance, The Drucker Difference is both a timely new assessment and a valuable addition to the canon of Drucker literature. Why Drucker's Ideas Matter More Now than Ever This book is an excellent way to understand how Druckers ideas apply to todays dilemmas, be they the problems faced by organizations, by governments, or by individuals. -from the Foreword, by Charles Handy This compilation of smart essays on the Drucker difference illustrates how astonishingly wide the wings of Druckers wisdom have spread. We all stand gratefully in his shadows, silent in awe. Warren Bennis, Professor Emeritus, University of Southern California Peter Drucker is more than a management writer. He literally created the foundation on which a Functioning Society rests. In The Drucker Difference , Peters closest colleagues extend and amplify his tour de force body of ideas and ideals. It is the next step forward. Bob Buford, Chairman, The Drucker Institute, and Founder, Leadership Network Much has been written by and about my friend and mentor, Peter Drucker. But this book is different. It is written by those who knew and understood him as friends and faculty colleagues and reflects his thoughts and principles as they are currently being taught to those who will be making a difference for tomorrow. C. William Pollard, Chairman Emeritus, The ServiceMaster Company Hats off to the Drucker faculty members for putting the tacit knowledge they gained from working together with Peter Drucker into explicit knowledge through the publication of this book. Ikujiro Nonaka, Professor Emeritus, Hitotsubashi University, Japan, and Xerox Distinguished Faculty Scholar, University of California at Berkeley The Drucker Difference is a unique book that enables present and future executives to capitalize on Peter Druckers wisdom and to comprehend that knowledge from an entirely new perspective. Minglo Shao, Chairman, Bright China About the Peter F. Drucker was one of the most influential business thinkers in history. Considered the father of modern management, he was concerned not only with the human side of management, but also with the larger societal roles played by both companies and the individuals within them. If there has ever been a time when such thinkers are relevant, it is now. The Drucker Difference casts new light on Druckers business philosophy, analyzing his most important ideas in the context of todays business world. Through individual contributions by professors from The Peter F. Drucker and Masatoshi Ito Graduate School of Management, it combines expert insight and current scholarship to reveal how organizations and executives can interpret and apply Druckers timeless ideas. Todays top business thinkers provide sixteen chapters analyzing Druckers views on the most critical issues of our time, Contents......Page 4 Foreword......Page 6 Introduction: The Drucker Living Legacy......Page 10 1 Management as a Liberal Art......Page 18 2 Drucker on Government, Business, and Civil Society: Roles, Relationships, Responsibilities......Page 34 3 Leading Knowledge Workers: Beyond the Era of Command and Control......Page 52 4 Value(s)-Based Management: Corporate Social Responsibility Meets Value-Based Management......Page 64 5 Drucker on Corporate Governance......Page 78 6 Corporate Purpose......Page 96 7 Strategy for What Purpose?......Page 120 8 The Twenty-First Century: The Century of the Social Sector......Page 136 9 Economic Environment, Innovation, and Industry Dynamics......Page 152 10 A Pox on Charisma: Why Connective Leadership and Character Count......Page 166 11 Knowledge Worker Productivity and the Practice of Self-Management......Page 192 12 Labor Markets and Human Resources: Managing Manual and Knowledge Workers......Page 212 13 Peter Drucker: The Humanist Economist......Page 224 14 The Drucker Vision and Its Foundations: Corporations, Managers, Markets, and Innovation......Page 238 15 Drucker on Marketing: Remember, Customers Are the Reason You Are in Business......Page 272 16 A Closer Look at Pension Funds......Page 286 Notes......Page 296 Sources......Page 314 C......Page 328 D......Page 329 E......Page 330 I......Page 331 M......Page 332 P......Page 333 S......Page 334 Y......Page 335 Contents 4 Foreword 6 Introduction: The Drucker Living Legacy 10 1 Management as a Liberal Art 18 2 Drucker on Government, Business, and Civil Society: Roles, Relationships, Responsibilities 34 3 Leading Knowledge Workers: Beyond the Era of Command and Control 52 4 Value(s)-Based Management: Corporate Social Responsibility Meets Value-Based Management 64 5 Drucker on Corporate Governance 78 6 Corporate Purpose 96 7 Strategy for What Purpose? 120 8 The Twenty-First Century: The Century of the Social Sector 136 9 Economic Environment, Innovation, and Industry Dynamics 152 10 A Pox on Charisma: Why Connective Leadership and Character Count 166 11 Knowledge Worker Productivity and the Practice of Self-Management 192 12 Labor Markets and Human Resources: Managing Manual and Knowledge Workers 212 13 Peter Drucker: The Humanist Economist 224 14 The Drucker Vision and Its Foundations: Corporations, Managers, Markets, and Innovation 238 15 Drucker on Marketing: Remember, Customers Are the Reason You Are in Business 272 16 A Closer Look at Pension Funds 286 Notes 296 Sources 314 Index 328 A 328 B 328 C 328 D 329 E 330 F 331 G 331 H 331 I 331 J 332 K 332 L 332 M 332 N 333 O 333 P 333 R 334 S 334 T 335 U 335 V 335 W 335 Y 335