Incubating Entrepreneurialism
by Piero Formica & Nick Hixson

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Defining the new entrepreneurship: how it’s different from the current one A gap between entrepreneurship and art has arisen over past industrial revolutions. New entrepreneurship aims to close the gap. It is imbued with entrepreneurialism, transplanting into the socio-economic sphere Brunelleschi’s Renaissance perspective in the art world. Current entrepreneurship is in the STEM field, following the Fordist production environment, characterised by the bureaucracy of the 20th century. Know How To Do now has to be Knowing How To Think, Imagine and Understand. This requires familiarity with the Arts. STEM changes to STEAM. In the new entrepreneurship mode, innovationists take over from incrementalists. Digitisation joins science and engineering with design and arts, enabling creativity in human-centred […]

Churchill didn’t work at McKinsey
by Sebastian Woller

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One of the greatest statesmen of the 20th century was Sir Winston Churchill. As the Prime Minister of the United Kingdom, he helped to lead the world to victory during the Second World War. Churchill’s career was instructive. When he turned 25, he was elected to parliament and began his career as a statesman in the House of Commons. Despite an aristocratic background, lacking a prestigious list of backers to vouch for his talent, Churchill had to earn public recognition. As a leader, he possessed the necessary capability to inspire and empower other people. Today, thumbing through the pages of his books, I try to glean insight from both his decision-making skills and leadership qualities. Since Churchill, ideas about leadership have changed. Unlike in his day, social media plays a vital role in “proving” […]

#NewLeadership: Thriving in the Intelligent Age
by Dr. Carsten Linz

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Based on the discussions at the recent Global Peter Drucker Forum, dubbed “the Davos of Management”, one can conclude that: It’s the dawn of a new leadership. A NewLeadership approach is required to transport organizations successfully into the intelligent age – or disappear as darkness disappears with the onset of light. We conducted a three-year research for our book Radical Business Model Transformation and worked with hundreds of top leaders to distill both the mental model and next-practice capabilities of NewLeadership. We found that top leaders underestimate the gap between the actual and target leadership approach in their organization. Closing this gap will have a double leverage effect. So, what distinguishes the winners in the […]

Drucker Forum 2018: 3 Habits Leaders Should Break
by Alex Adamopoulos

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One of my favorite presentations at this past November’s Global Peter Drucker Forum was from Marshall Goldsmith, a leadership coach and the author of, among other books, “What Got You Here Won’t Get You There.” As the title suggests, the qualities that make leaders successful as individuals can later become obstacles to their success as leaders. Ascending to a leadership position requires prioritizing your individual success. Along your journey to a leadership role, you’ll likely face tests – both literal and figurative – that require you to prove how smart and capable you are as an individual. But great leaders need to work in the best interest of the people they manage, and not themselves. […]

What Do Thought Leaders Think?
by Dave Ulrich

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How do thought leaders think about management, innovation, corporations, turbulent times, discontinuity, effective executives, and managing for the future? (Note: All these terms are from titles of Peter Drucker’s magnificent books). In this essay, italicized text indicates book titles or quotes from Peter Drucker. I recently had the privilege of attending and participating in the 10th Annual Peter Drucker Forum. Conceived and delivered by Richard Straub (and his outstanding team), this remarkable event brought together sixty thought leaders in management from academia, industry, journalism, and consulting. Collectively, these leaders have published thousands of books about talent, organization, and leadership. In short eight- to twelve-minute bursts, they shared their insights on a how to reinvent, reimagine, and […]

Drucker Forum 2018: 5 Lessons for the Managers of Tomorrow
by Alex Adamopoulos

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This year’s Global Peter Drucker Forum in Vienna tackled the theme of the human dimension in management. In a rapidly changing world, where the business landscape is increasingly dominated by automation and AI, managers need to apply a human touch to the world of work more than ever. Particularly in regards to AI, business leaders are going to be playing an absolutely pivotal role in managing the impact artificial intelligence has on the workplace and the workforce. I wanted to make the following points the central plank of my opening keynote at this year’s Drucker Forum because it’s crucial that the kinds of leaders that make the trip to Drucker are all on the same […]

The human – all too human – nature of innovation
by Charles-Edouard Bouée

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A few days ago, the first artwork made by an artificial intelligence (AI) program sold at Christie’s for €380,000. Judging from the auction price and media attention the blurry portrait of a man received, the first thought for many was that machines have mastered yet one more skill. Not only can they lift heavy loads, drill holes and beat humans at cerebral games like chess and Go – they have now made an incursion into the human realm of imagination and creation. It is true that machines will take over ever more tasks currently performed by humans, and they will fundamentally influence the way we think, work, and live. At this point, it appears we […]

Standing on Peter Drucker’s shoulders to shape the future
by Richard Straub

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Ten years of the Global Peter Drucker Forum: Richard Straub, founder and president, on visions for a better society – and a new paradigm for management This November we are proud to celebrate the first decade of the Global Peter Drucker Forum. It all began in 2009 – the year that Peter Drucker would have turned 100. At that first congress, we had the special honor of welcoming Peter’s widow Doris to Vienna. We had the benefit of her wise advice until 2014, when she died at the age of 104. Her wish at the time has been has been both our legacy and our mission: “Do not make the Drucker Forum a Peter Drucker […]