Take This Job and Automate It
by Julia Kirby and Thomas H. Davenport

Posted on Leave a commentPosted in 8th Global Peter Drucker Forum

Which kinds of knowledge workers are at high risk of job loss thanks to smart machines? Usually we don’t love getting that question, because the answer isn’t the simple one interviewers are seeking. Many jobs include tasks that can and will be automated, but by the same token, almost all jobs have major elements that — for the foreseeable future — won’t be possible for computers to handle. Our advice therefore can’t boil down to a clear “avoid careers in a, b, and c” or “apply for jobs x, y, or z.” And yet, we have to admit that there are some knowledge-work jobs that will simply succumb to the rise of the robots. They […]

Entrepreneur-Driven Innovation Ecosystems and the Circular Economy
by Mark Esposito

Posted on Leave a commentPosted in 8th Global Peter Drucker Forum

One of the greatest advantages to being a startup is freedom from too many layers of management in order to test ideas and innovate. However, on the flipside, the lack of resources to scale a new opportunity can prevent a meaningful startup idea from taking root and creating more sustainability in the marketplace. This is a particular point of concern when it comes to the circular economy. The circular economy, broadly defined as a no-waste industrial chain that promotes economic growth using the least amount of non-renewable natural resources as possible, is increasingly regarded as a feasible and economic option for meeting the future demands of today’s society. It has been estimated by the Organization […]

Disruptive Entrepreneurship vs. Survival Entrepreneurship: Only one of these can catapult Africa from poverty to prosperity
by Efosa Ojomo

Posted on 5 CommentsPosted in 8th Global Peter Drucker Forum

If entrepreneurship is truly the pathway to prosperity, and if Africa is bustling with entrepreneurs, then why is the continent still devastatingly poor? I am always amazed whenever I read an article that highlights the entrepreneurial prowess of Africans as an asset. Yes, Africans are entrepreneurial but if their entrepreneurialism were as much of an asset as many writers suggest, then Africa – indeed, Africans – should no longer be poor. In April, for instance, The Economist published a Special Report on Business in Africa and highlighted Kinshasa’s Marche de la Liberte, a wholesale market, as evidence of entrepreneurialism, noting that “there is clearly money flowing.” “…Stalls selling mobile phones. You can buy anything here, […]

What do we mean by entrepreneur? Broadening the term.
by Nick Hixson

Posted on Leave a commentPosted in 8th Global Peter Drucker Forum

The word is overused and misused. I’ve already commented after the last Forum that a session used entrepreneurs and their impact as being the answer to many of our ills, which is at best unlikely. The great majority of businesses have little entrepreneurial characteristics but still should have a valuable place in a modern society. My empirical data, from 30+ years of working with UK SMEs divides business owners into 4 main groups: Type Description Percentage of Businesses Survivors Low income goals, not risk takers, poor management capabilities and poor decision takers. Hungry for advice, seldom implement. 50 Low Growth (LG) Significant income ambition. Potential limited by control. Superb doers, risk-oriented. Poor people managers and […]

The Innovative Coworking Spaces of 15th-Century Italy
by Piero Formica

Posted on Leave a commentPosted in 8th Global Peter Drucker Forum

To translate educational concepts into an entrepreneurial context requires a meeting of hearts and minds, unfettered by preconceived ideas and outmoded powerbases. There are plentiful public and private initiatives to encourage new businesses in every field. This is matched by increasing activity in academic thought.   A growing number of academics, practitioners and business people are aiming to broaden and as well as deepen their knowledge of how business and economies function. The generalist or polymath, so apparent in the Renaissance, is becoming more prevalent.   This is the context in which coworking spaces are on the rise, from Google’s “Campus” in London to NextSpace in California. Much has been made of these shared workspaces […]

Managing the Transition to an Entrepreneurial Society
by Isabella Mader and Wolfgang Müller

Posted on Leave a commentPosted in 8th Global Peter Drucker Forum

Entrepreneurial Society seems to evolve in such a way that a society of employees slowly morphs into a society of entrepreneurs. The tendency of a decrease in employment and the rise of freelancing materialized in a record of 40 percent of US workers in insecure contingent jobs in 2015 [1]. The future of work seems to be that employment is dying altogether, but work seems to be re-inventing itself through the rise of freelancing: while corporations are laying of millions of staff they appear to be sourcing work back in from freelancers. On the one hand, the network economy can be the chance for millions to create work for themselves in a self-responsible manner; on […]

Make bets not plans
by Dagmar Woyde-Koehler

Posted on Leave a commentPosted in 8th Global Peter Drucker Forum

Plans define a special relationship between people and the future. Plans attempt to anticipate the future and make life predictable and even controllable. A plan is predicated on both these premises while also awakening expectations that the goals it sets can be achieved and sustained. Such characteristics are shared equally by the business plans made in the corporate sector and the life plans made by individual people. Bets, on the other hand, are clearly recognized as assumptions and suppositions that always include the possibility that something else might happen quite different to what has been predicted. Bets are based on probabilities and possibilities. Someone making a bet is always well aware that they can lose, […]

Simply Thinking – Judgment and Jack
by Henry Mintzberg

Posted on Leave a commentPosted in 8th Global Peter Drucker Forum

Remember judgment? It still appears in the dictionary (in my Oxford: “1 the critical faculty, discernment… 2 good sense”). Judgment used to be a key to managing effectively, even if hidden in the dark recesses of the human brain. And then along came measurement, in the dazzling light. It was a good idea, so long as it informed judgment. Too frequently, however, it replaced judgement.   In 1981, the Business Roundtable, a grouping of the chief executives of America’s leading companies, issued their “Statement on Corporate Responsibility.”   The shareholder must receive a good return but the legitimate concerns of other constituencies (customers, employees, communities, suppliers and society at large) also must have the appropriate […]