We are in the midst of a “poly-crisis” – a broad-based failure of institutions – all of them suffering loss of performance in a complex and unpredictable world, and all experiencing an erosion of trust. “Business” as a sector is holding up relatively better, perhaps because people believe it is kept in line by competitive forces and a grounding in reality rather than ideology. […]
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Following the business news in the weeks after this year’s Drucker Forum, it became clear that management, as taught at business schools, is headed for irrelevance. Today it no longer solves problems. It creates them. So-called “best practices” of management have caused a multitude of problems that only became apparent after a delay of decades, but are now making themselves felt with force[…]
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