What do we mean by “the human dimension of management”?
by Prabhu Guptara

Posted on Leave a commentPosted in 10th Global Peter Drucker Forum

“Hey!  Management is about nothing but the human dimension!” was the response of a friend when I told him that I was writing an article on this subject. From one point of view, that is true. Yet we all know that most discussion of “real management” – e.g. in a Board or business meeting, in an MBA or in Executive Education – focuses rather on finance, supply chains, and all sorts of other things. Clearly, the human dimension is only one dimension of management. In fact, it is usually considered a less important dimension than finance: isn’t finance the only thing that companies are required to report on, in most of the world? So perhaps […]

Inclusive Prosperity: how can organisations model it?
The second of 2 blogs by Prabhu Guptara

Posted on Leave a commentPosted in 9th Global Peter Drucker Forum

I’ve been involved for something like half a century with all kinds of entities, from some of the largest publicly quoted companies in the world, through privately-controlled small companies, to cooperatives, nonprofits, and charities. Your experience will be different from mine in terms of details. But I’m sure it will have included “privately-owned companies” that are mind-bogglingly philanthropic (and therefore very concerned about inclusive prosperity), as well as “charities” that are run mainly in the interests of the current trustees and/ or managers – and therefore not primarily concerned about inclusive prosperity at all! There are even “co-operatives” that have no sense of responsibility beyond enriching their own members; being a “co-operative” sounds good – […]

What is the main obstacle to creating “inclusive prosperity”?
The first of 2 blogs by Prabhu Guptara

Posted on Leave a commentPosted in 9th Global Peter Drucker Forum

To answer that question, a niggling matter needs to be resolved first: the impression created by many individuals, organisations and agencies is that “prosperity” is already becoming more “inclusive”; is that, in fact, so? That question has two most likely alternative answers, dependent on whether the respondent likes to the look at the top of society or at the bottom of society. “Yes, prosperity is becoming more inclusive” Those who like to make that response like to look at the bottom of society, and point out that our global system has reduced absolute poverty by half since the year 2000. But if a human being who couldn’t have even one square meal a day earlier […]

Entrepreneurialism and Society: Addressing the Broken Bond
by Prabhu Guptara

Posted on 1 CommentPosted in 8th Global Peter Drucker Forum

Entrepreneurialism and society need to relate wholesomely if either is to flourish. In reality, the relationship is broken, in at least three different ways.   First, most countries around the world are not committed to supporting entrepreneurship[i]. Such support requires alignment between politics, law, the monetary system, economics, education, finance, and the whole national culture. The USA, historically one of the friendliest to entrepreneurs, is rapidly becoming frostier for them[ii].  In many countries, entrepreneurs are regarded as a threat to the governing elite, being dispatched to prison if they are “too successful”.  In other countries, such as China, any entrepreneur has to toe the line of the ruling party.  Even then, an entrepreneur’s success may […]

Will Robots [i] save Humanity – or end up becoming Public Enemy Number one?
by Prabhu Guptara

Posted on 1 CommentPosted in 7th Global Peter Drucker Forum

Clearly, the answer depends on how well we manage their introduction and use.   But let’s start by reminding ourselves that robots are already found in every conceivable area of life – from what is domestic (mowing grass, cleaning swimming pools), through sports and entertainment (car racing, playing music, producing artistic material), to the care sector (medical operations, looking after the elderly) … all the way to the military (drones, robot soldiers, autonomous weapons).   Moreover, the exciting possibilities of a robot-driven future are equally clear: since the 1980s, Japan has had “dark factories” (fully automated, no humans on site) for electronic products. Since 2001, the Japanese company FANUC has been operating a dark factory […]