Of all the famous business leaders that Peter Drucker worked with, perhaps the most confounding was Thomas Watson Sr., the great visionary who ran International Business Machines Corp. from World War I until the …
The Drucker Difference
The Revival of the Apprentice
Only 54 percent of Americans between the ages of 18 and 24 have jobs today, according the Pew Research Center, the lowest level since the U.S. began keeping track in 1948.
Eric A. Spiegel, president and CEO of Siemens USA, has what he calls a “simple solution. ” He presents it in a recent article on LinkedIn: “It’s time for …
Time Management, Bloomberg-Style
Speaking before a group at George Washington University in 1992, Peter Drucker reflected on the way that most people’s jobs had gotten a lot safer since the days when so many engaged in backbreaking labor on farms and in …
The Role of the Role Model
Many of us have at some point tried to take after someone in our field.
Usually, that person embodies some combination of personal virtue and professional success. But, as the New York Times reported the other day, “recent research into role models says we may be choosing the wrong people to emulate, and that could be hurting us …
Jeff Bezos, Risk-Averse Rebel
Jeff Bezos, the new owner of the Washington Post, has shown an ability to try new things while not actually risking much — a combination that provides an important lesson on innovation
Sure, He’s a Hunk, But How Good Is Don Draper’s Click-Through Rate?
If you want to go into advertising, get a computer science degree.
Why? “Madison Avenue is increasingly a bastion of geeks: computer programmers, data heads and quantitative analysts,” The Wall Street Journal reported today. The merger agreement made last month between U.S.-based Omnicom Group and the French advertiser Publicis …
Wagemark: Betting that Consumers Will Prefer Companies That Pay a Fair Wage
When Peter MacLeod thought about who might serve as the patron saint of Wagemark, the campaign that he launched this month to spur companies to narrow the pay gap between their highest and lowest earners, it didn’t take him long to choose.
“If you’re looking for someone credible on this issue,” says MacLeod, whose group has …
Your Money Or Your Life
Many of us look for fulfillment in our work, but that can sometimes involve making difficult choices.
The New York Times recently told the story of a Claremont McKenna College graduate, 24-year-old Brentt Baltimore, who turned down a six-figure job at a Los Angeles hedge fund in favor of a $33,000-a-year position at a venture capital …
Microsoft’s New Mission: To Create Real Teamwork, Not Just Teams
Microsoft co-founder Bill Gates was once asked what management writers he paid attention to. “Well, Drucker of course,” he replied.
In light of the technology giant’s latest big news, I’d suggest that his successor as CEO, Steve Ballmer, quickly do the same.
Solidly profitable but lagging badly in two key …
Analysis Paralysis
Ken Lombard, of Capri Capital Partners, loves putting together deals. But he recognizes that risk is always involved.
In an interview published in Sunday’s New York Times, he talked about how he negotiates this balance. “Before I make a tough decision, I want to be on the ground, I want to roll up my sleeves and understand the …
The Uber Challenge
This post marks the debut of The Drucker Difference on Time.com. It will appear every Wednesday.
In his 1976 biography of Peter Drucker, John Tarrant underscored the management thinker’s popularity by likening him to an eminent orchestra conductor who, hurrying out of a busy urban train station, hopped into a taxi. “Where to?” the
…