Introduction (revised 1993); Managing the fundamentals - Adjusting for inflation; Managing for liquidity and financial strength; Managing productivities; The productivity of the knowledge worker; The costs of staying in business vs. the delusion of profit; Managing for tomorrow - Concentrating resources on results; Sloughing off yesterday; Managing growth; Managing innovation and change; Business strategies for tomorrow; A scorecard for managers; Managing the sea-change: the new population structure and the new population dynamics - The new realities; Production sharing: the transnational integration; The new consumer markets; The implications for managerial strategies; From 'labor force' to 'labor forces'; The end of mandatory retirement age; The 'double-headed monster'; Job needs in the developing countries; The need for redundancy planning; Managing in turbulent environments - The integrated world economy; Transnational world money; The end of sovereignty; The fractured world polity; The world economy's almost-developed countries; Business policies for the world economy; The Employe Society; 'Power follows property'; Can the labor union survive; Business enterprise as a political institution; Managing in a political environment; Conclusion: the challenge to management; Index.
Born in Vienna in 1909, Peter F. Drucker was educated in Austria and England. From 1929 he was a newspaper correspondent abroad and an economist for an international bank in London. Since 1937 he has been in the United States, first as an economist for a group of British banks and insurance companies, and later as a management consultant to several of the country's largest companies, as well as leading companies abroad. Drucker has since had a distinguished career as a teacher, first as Professor of Politics and Philosophy at Bennington College, then for more than twenty years as Professor of Management at the Graduate Business School of New York University. Since 1971 he has been Clarke Professor of Social Science at Claremont Graduate School in California. In addition to his management books, Peter Drucker is also renowned for his prophetic books analysing politics, economics and society. These books span fifty years of modern history beginning with The End of Economic Man (1939) and including The Practice of Management; Innovation and Entrepreneurship; Managing in the Next Society; Management Challenges in the 21st Century; The Effective Executive and The Essential Drucker.
"Peter Drucker was the first of the analytical futurists and the first of the management philosophers. And for me he is still the best."-- Reginald Jones, "Wall Street Journal""A thought-provoking book for all in management concerned with future environments...In his usual thoroughness, Drucker pinpoints topics important to those managers who wish to see their institutions survive. Strategies are presented for dealing with structural shifts in population, production techniques, and consumer markets, along with concerns of inflation, productivity, and operation in a world economy."-- "Library Journal"