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Rating: 
Summary: An entrepreneurial teller of tales
Review: An entrepreneur endows something with new wealth-making capacity. The majority of small businesses are incapable of innovation. There is entrpreneurial work and there is managerial work. High tech is living in the nineteenth century. The great role for high tech is creating a climate for entrepreneurs. In Japan ther is still a cult of bigness. Entrepreneurship is not a romantic subject. It is hard work. The two great economists of the twentieth century were Joseph A. Schumpeter and John Maynard Keynes. Both challenged long-standing assumptions. The two saw different economic realities. Schumpeter became one of the fathers of the business cycle theory. Widow-makers, jobs that regularly defeat even good people, appear more often when a company grows or changes fast. The conventional organization of business was modeled after the military. That power follows property is one of the laws of politics. Another is that reponsibility follows power. The Japanese have been Drucker's most avid readers. The purpose of business is to create customers and satisfy customers. Watson of IBM was a computer seer and social innovator. Watson was an autocrat, of course. Visionaries usually are. Intelligent monopolies cut their own prices before competitors do.
Rating:
Summary: An entrepreneurial teller of tales
Review: An entrepreneur endows something with new wealth-making capacity. The majority of small businesses are incapable of innovation. There is entrpreneurial work and there is managerial work. High tech is living in the nineteenth century. The great role for high tech is creating a climate for entrepreneurs. In Japan ther is still a cult of bigness. Entrepreneurship is not a romantic subject. It is hard work. The two great economists of the twentieth century were Joseph A. Schumpeter and John Maynard Keynes. Both challenged long-standing assumptions. The two saw different economic realities. Schumpeter became one of the fathers of the business cycle theory. Widow-makers, jobs that regularly defeat even good people, appear more often when a company grows or changes fast. The conventional organization of business was modeled after the military. That power follows property is one of the laws of politics. Another is that reponsibility follows power. The Japanese have been Drucker's most avid readers. The purpose of business is to create customers and satisfy customers. Watson of IBM was a computer seer and social innovator. Watson was an autocrat, of course. Visionaries usually are. Intelligent monopolies cut their own prices before competitors do.
Rating: 
Summary: A treasure of genius
Review: Bookstall 99 stands in awe of this collection of expessions of management genius. For a great tool in understanding Drucker as the master of management in America, this is your book. Great reading no matter who you are or what you do.
Rating:
Summary: A treasure of genius
Review: Bookstall 99 stands in awe of this collection of expessions of management genius. For a great tool in understanding Drucker as the master of management in America, this is your book. Great reading no matter who you are or what you do.
Rating:
Summary: Absolutely Superb!!!
Review: Drucker took a lot of risks predicting the inevitable decline of commodity prices, as well as the current East Asian/Japanese financial difficulties, when this book was first published in the mid-1980's. More importantly he details the reasoning behind his predictions. Drucker once again demonstrates with this book why he is the Godfather of all management "gurus"!!
Rating:
Summary: Absolutely Superb!!!
Review: Drucker took a lot of risks predicting the inevitable decline of commodity prices, as well as the current East Asian/Japanese financial difficulties, when this book was first published in the mid-1980's. More importantly he details the reasoning behind his predictions. Drucker once again demonstrates with this book why he is the Godfather of all management "gurus"!!
Rating:
Summary: Crystal gaze by Drucker
Review: Excellent book on Management. A compilation of the papers on the contemporary trends and what they indicate for the future as seen by Drucker in the mid-eighties. This revised edition with only slight changes stands good for the economic realities of even today. That's precisely the speciality of this book. The chapter on economy deals with the economy as seen differently by Keynes and Schumpeter, two contemporary economists of which the latter is not very well known. The concept of Dynamic disequilibrium is elaborated in an easily understandible manner. Also the concept of profit as to be the future cost and the ethical questions attached with profit making are clearly answered. Cartel theory with relevance to the oil cartel and the developments leading up to the fall of the same is also dealt with. Chapters on the relevance of unions and their changing role in today's industry, inevitability of automation, need for the rationalisaing the salaries and wages of the blue collar workers, chapters on IBM Tom watson, dependence of Japanese economy on US economy and the exim policies of the successive governments in US and their effect on the competitiveness of US exports all make an interesting read. The macro perspective one gets after reading the book will enable you appreciate the relevance of the projections and caveats sounded by Drucker long before today's events(and those of the recent past) showed any signs of occurence at all.
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