The Coming of the Entrepreneurial Kid
by Khuyen Bui

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Fifteen year ago, David Brooks described a specific kind of young people in an essay titled “The Organization Kid”. They were the highest achievers of American top universities. In his words, “their [schedules] sounded like a session of Future Workaholics of America: crew practice at dawn, classes in the morning, resident-adviser duty, lunch, study groups, classes in the afternoon, tutoring disadvantaged kids in Trenton, a cappella practice, dinner, study, science lab, prayer session, hit the StairMaster, study a few hours more… […] They are goal-oriented. An activity — whether it is studying, hitting the treadmill, drama group, community service, or one of the student groups they found and join in great numbers — is rarely an end in itself. It […]

Does Your Workplace Encourage Entrepreneurial Behavior?
by Sara Armbruster

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As leaders of our organizations we’re facing unprecedented challenges. The pace of work has accelerated. We’re constantly under a deluge of information and expected to rapidly shift between various contexts throughout the day. Our schedules are more fragmented and span multiple time zones. As a result, a loss of connection with people across our organizations is a frequent casualty. And we’re experiencing heightened demand to be more agile, innovative and growth-oriented. As the business world is changing, so should the way we lead. The concept of “The Entrepreneurial Society,” which I had the pleasure of deeply contemplating and discussing at the recent Drucker Forum, offers guidance for leaders today (though Peter Drucker saw it coming […]

“Do you have a value-creation playbook?” “No.”
by Curtis R. Carlson

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The Drucker Forum, led by Richard Straub, is one of the world’s most important conferences on innovation and entrepreneurship. It honours Peter Drucker, the genius who laid the foundations for modern management.  Each November it is held in Vienna, Austria where Peter Drucker was born in 1909.  Many of the world’s thought leaders and practitioners are there to share progress on these increasingly important topics. During my talk, “Creating an Innovative Enterprise,” I asked the 500 participants if their staff were given a value-creation playbook along with innovation training so they could be effective value creators.  Only 5 people raised their hands.  (My presentation is here:  drucker-forum.) This is a striking result given the quality of the […]

Reflection on Global Drucker Forum 2015: Work, human potential and technology
by Khuyen Bui

Posted on Leave a commentPosted in 7th Global Peter Drucker Forum

“Global Peter Drucker Forum is not so much about better answers as it is about better questions” — Richard Straub   Any discussion about technology invariably has some forms of “What is in the future?” question. What changes will technology have in our lives and professions, how should we be prepared, what will happen to us?   The attitude behind these questions must be a proactive one. There is a big difference between “concern” and “worry”; only the former allows for practical actions. As Peter Drucker said, “The only way to predict the future is to create it”. Technology co-evolves with humans. For anything humans do, we can imagine machines replacing us: the ability to judge and make decisions, […]

The Trains to Hope
by Henry Mintzberg and Wolfgang Müller

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HM:  I have been writing in these TWOGs about the role of the plural sector in rebalancing society: first to recognize that it must take its place alongside the sectors called public and private (hence calling it “plural”, rather than civil society), and second to realize that the restoration of such balance will depend especially on this sector. The private sector is too powerful these days and the public sector overwhelmed by that power.   Some people don’t get the idea of the plural sector, perhaps because it has been so marginalized by the great debates over left versus right—private sector markets versus public sector governments. Where to put the plural sector, comprising all these community-based and other […]

A Moment Of Truth
by Isabella Mader

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The On-Demand Economy provides a preview of where society is going: now and more so in the future typically employed work will be sourced from platforms: graphics design, secretarial services, programming … Logical consequence will be a strong increase of freelance work. In 2015, in the US more than 40 percent of the workforce were in insecure contingent jobs [1]. Employment is slowly going to erode and companies will shrink to a strategic core of managers who source most work from platforms.   In addition, such commoditized labour experiences a globalization of competition (unless it’s bound to a site like taxi driving). Crowdworkers (freelancers on platforms) will also not have a work contract, but sign […]

Claiming Our Humanity in a Digital Age: Big Questions in Vienna
by David Hurst

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The theme of the 2015 Drucker Forum that ended in Vienna two weeks ago was “Claiming Our Humanity: Managing in a Digital Age”. Nearly 500 management academics, business people and management consultants from all over the world attended the two-day conference in Vienna.   The preliminary events began with a CEO Roundtable on the afternoon of Wednesday November 6. The opening ‘provocation’ was supplied by Tom Davenport and Julia Kirby’s June 2015 Harvard Business Review article “Beyond Automation”. In it they address the threat that artificial intelligence in the form of smart machines is encroaching on knowledge work to such an extent that it will lead to widespread unemployment. In the past machines took over […]

Entrepreneurs are self-centred
by Nick Hixson

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A reflection on some aspects of the Global Drucker Forum 2015, with thoughts pertaining to the 2016 Forum theme: The Entrepreneurial Society   …by which I mean they have self-belief, self-control, and self-actualisation.   But they’re not the solution to rising unemployment caused by the rise of machines. We heard a lot at the recent Drucker Forum about the rise of machines, and how natural monopolies are being eliminated as competitive advantages erode quicker. Stability is not normal any more.   So we can plan our societies for reducing levels of employment, and find things for people to fill their time with, together with a socially inclusive way of allowing them to fulfil their needs […]