Another 37 pieces of Drucker's lively mind. The wide-ranging
collection covers the period from 1982 through mid-1986 in four
main sections: Economics; People; Management; and The Organization.
Among other accomplishments, Drucker contrives to give a fresh spin
to some comparatively banal themes, e.g., that change affords
opportunity and the global economy represents a primary engine of
domestic growth. To illustrate, he warns against
beggar-thy-neighbor policies; in assessing America's deficit-ridden
trade account, though, he points out that Washington could
effectively expropriate reluctant importers like Japan simply by
devaluing the dollar. Expressing little faith in government's
capacity to experiment, Drucker looks to business management for
needed social innovation; enterprising executives, he observes, can
take credit for the research lab, farm agents, the Eurodollar,
commercial paper, and other breakthroughs. In the meantime,
well-educated and ambitious baby boomers have created a sort of
gridlock in labor markets. The situation augurs well for
entrepreneurship in the US, Drucker concludes. But, he cautions,
companies that wish to retain the best and brightest young
employees will have to satisfy their generally great expectations
in creative ways. The author also casts a cold eye on hostile
takeovers, the breakup of Ma Bell, US antitrust policy, and the
future of trade unions. Throughout, Drucker displays a refreshingly
deft touch. At the outset of an essay evaluating the effect of
managerial nest-feathering, for example, he notes: "Executive
compensation played Banquo's ghost in the 1984 labor negotiations."
An agreeable blend of ad-rem commentary and prescriptive counsel,
with durable appeal for a broad readership. (Kirkus Reviews)
The Frontiers of Management offers stimulating and profitable
reading for both existing Drucker disciples and those new to his
writing. This collection of thirty-five finely balanced articles
and essays, plus an interview and afterword, was planned by the
author from the beginning to be published eventually in one volume
and as variations on one unifying theme - the challenges of
tomorrow that face the executive today. What kind of tomorrow it
will be depends heavily on the knowledge, insight, foresight and
competence of the decision makers of today. The future is in the
hands of executives who are already fully occupied with the daily
crisis, and for whom the daily crisis is the one absolutely
predictable event in their working day. It is to these people that
this Drucker volume is addressed, to enable them to see and to
understand the long-range implications and impacts of their
immediate, everyday, urgent actions and decisions.
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