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Management Challenges for the 21st Century

Management Challenges for the 21st Century

by Peter Drucker

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Fundamental Paradigm Shifts

Paradigms are basic assumptions about reality. They shape what we define as “fact” and how we see the world.

The 21st century brings new social, economic and demographic realities that are in conflict with the old ways of thinking and acting.

Management is essential in any type of organization, be it a church, school or business. Managers play a vital role in organizing their teams/resources to suit the task at hand, bringing out the best in each person, and figuring out how to create the greatest customer value across the en...

  • Birth rates in developed countries will continue to fall.
  • The labour pool will shrink, its median age will increase, and there’ll be pressures for more migrant workers.
  • Organizations must find ways to attract & tap on a new pool of older knowledge workers who work part-tim...

  • In developed countries, large portions of public-listed corporations are now owned by pension/mutual funds investing people’s retirement funds. This calls for a new definition of performance and long-term shareholder interests.
  • It’s no longer enough to rely on low costs or governme...

  • Institute policies to shape the future, including the use of “organized abandonment” and “organized improvement” to keep directing your resources to the top opportunities.
  • Use systematic innovation by regularly scanning the environment, and proactively converting changes to opportu...

For 50 years, the information revolution focused on gathering, storing and presenting data. Computers have already transformed how we operate or perform our tasks.

The new Information Revolution in the 21st century will shift from the “T” to the “I” in “IT”. It will no longer be about tec...

In the 20th century, management’s critical focus was on improving manual workers’ productivity using production equipment. In the 21st century, the focus is on maximizing the productivity of knowledge work and knowledge workers.

It’s more complex to improve knowledge-worker productivity. Yo...

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In a world deluged by irrelevant information, clarity is power. Censorship works not by blocking the flow of information, but rather by flooding people with disinformation and distractions. 21 Lessons for the 21st Century cuts through these muddy waters and confronts some of the most urgent questions on today’s global agenda.

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