The Drucker Perspective Posts
Beware! Getting the Right Answer to the Wrong Question Misdirects and Misleads
Published: 2019-02-04
Published: 2019-02-04
The most serious mistakes are not the result of wrong answers. The truly dangerous thing is asking the wrong questions.
Peter Drucker believed one of the most important questions you'll ever ask yourself is: "What do I want to be remembered for?" See why here.
Why must we painfully re-learn what every economist since the late 16th century has known about preventing a possible galloping inflation: Cut result-less government spending and with it the creation of money?
Strategic marketers start out with finding out what the customer needs and then design their products and services to fulfill those needs.
Learn a basic understanding of performance measurement and control systems, starting with the five key components for building such a process. If done purposefully, it can be one of the most powerful tools for achieving needed results.
Problem-solving only leads to damage containment. Only opportunities produce results and growth. It takes years to incorporate this Drucker-inspired thinking into your organization's DNA.
Editor's Note:Corporate planning has evolved over the years. Strategic planning is but one step (albeit an important one) in a series of relatively new tools to help organizations think through what m...
Editor's Note:This article continues with the GM example illustrating the rise of General Motors in the 1920s via the development by Alfred P Sloan, Jr; a total strategic marketing plan which had as its go...
Drucker as an Economist: Venezuela's Slide into Crisis & Its Lesson for America
Published: 2017-08-22
Published: 2017-08-22
Said Peter F. Drucker: “If there’s one thing economists and I agree on, I’m NOT an economist.” In this rare instance, Drucker was wrong. He had a profound understanding of economics, an understanding that still eludes most economists today. His writings, we believe, could shape the thinking and inform the questions on economic theory and economic policy for the rest of the century – if government leaders worldwide would take the time to read, study, underline, discuss, and conduct in-house workshops on how to put his ideas into practice.
The Needed Government Turnaround, Part II: Strength of U.S. Economy Depends on Re-strategizing and Permanent Government Cost-Cutting
Published: 2016-09-08
Published: 2016-09-08
Democracies worldwide are coming to the point where they have to re-think and to re-form their overriding economic models. The Keynesian Welfare State has ruled for over 50 years.Peter F. Drucker was no fan of the Neo-Keynesian economic mod...
Though the annual deficit has been cut from $1.4 trillion in 2009 to an estimated $544 billion in 2016, a new report by the nonpartisan Congressional Budget Office warns it will balloon again soon.Why? Be...
