The Promise of the Entrepreneurial Society
From Secular Stagnation to Secular Prosperity
by Richard Straub

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

A defining moment   It may be that we are living a defining moment for the future of capitalism and for humanity. For the last 200 years entrepreneurial prowess enabled by financial capital has powered a long surge of economic growth. Over the major innovation cycles, the capitalist system has been resilient enough to absorb the effects of the crashes caused by pure speculation and turn them to its advantage. Production capital took the lead over financial capital and real value over paper value, as Carolta Perez has so brilliantly demonstrated.   Fast forward to today, and the picture is not so happy. Financial capital is in the driving seat. Eight years on, the world […]

The Human Difference
by Richard Straub

Posted on 9 CommentsPosted in 7th Global Peter Drucker Forum

We are on the threshold of a new and different world. How it will unfold depends on the collective thinking and actions of managers.   Over the last 250 years, a series of radical scientific and engineering advances has triggered an accelerating rise in living standards that even the two deadliest wars in history have failed to halt. The digital revolution propelled by Moore’s law is the latest and most far-reaching in this line of transforming “general purpose technologies.” It carries the tantalising promise to augment the power of the human brain in the same way that steam, the internal combustion engine and electricity augmented human brawn.   But as stunning as humankind’s technological achievements […]

Becoming an Entrpreneurial Society (Video)
by Richard Straub

Posted on 1 CommentPosted in 6th Global Peter Drucker Forum

Short Bio: In his 32 years with IBM Dr. Richard Straub has held key international executive functions such as Deputy General Manager for PC Europe and Global Chief Learning Officer. Since . 2006 he has started a new career working with non-profit organizations – as part time executive and as social entrepreneur. He is currently executive committee member at the European Foundation for Management Development (EFMD) and Secretary General of the European Learning Industry Group (ELIG). In addition he retained a strategic advisory role for the IBM Global Education Industry.   As a social entrepreneur he founded in 2008 the Peter Drucker Society of Austria and in 2010 the Peter Drucker Society Europe. He is […]

The Digital World in 2030: What Place for Europe?
by Richard Straub

Posted on 3 CommentsPosted in 6th Global Peter Drucker Forum

This document was produced as an input to the European Commission (via the European Internet Foundation) to suggest a review and renewal of policies in the field of digital technology and digital media. It is a contribution to a discussion at a European level, and readers are invited to provide their comments on those subjects that they consider as important for shaping the future of Europe.   Technology Centric World View   When it comes to the discussion of our digital future the world-view of the European Commission is too much centred on technology and does not take sufficiently into account the human factor. Europe could differentiate itself in the international debate and in the […]

Towards the New Paradigm of Long-Termism
by Richard Straub, President Peter Drucker Society Europe

Posted on 1 CommentPosted in 6th Global Peter Drucker Forum

The devastating effects of overblown short-termism and profit maximization are increasingly recognized as key issues for our societies at large and their importance and urgency is felt by all stakeholders. There is a fundamental issue though – most commentators and experts would strongly agree on the diagnosis, but nobody has yet come up with a viable alternative model that would be broadly accepted.   The agency theory (as conceived by Jensen and Mecking) that spawned the shareholder value model conveys the illusion of a scientific type of approach; it provides a fact based analytical model to make rational investment decisions into corporations with clear indicators providing the basis for current and future performance assessment. It […]

Drucker Forum 2013 – Opening speech
by Richard Straub

Posted on 3 CommentsPosted in 5th Global Peter Drucker Forum

Welcome to all of you to the 5 th Global Peter Drucker Forum  – welcome to you here in the auditorium and welcome to all those on our live stream. In addition to the 350 present in the auditorium we have some 1000 participants registered for the live stream.   It is with quite some emotion that I am addressing you – almost by the day 5 years ago we began something which we hoped would become a journey – exactly in this place. Today I can confirm that the Global Peter Drucker Forum has become a centre of gravity and a recognized platform to bring together the greatest management thinkers and practitioners to exchange […]

Open Innovation – A Powerful Movement Takes Shape

Posted on Leave a commentPosted in 5th Global Peter Drucker Forum

As a co-founder of the Open Innovation Strategy and Policy Group I remember well the days when we had great difficulty to make ourselves understood. What is open innovation all about and why should anybody care? Some may even have thought that it might just be another buzz-word and management fad  –  we have indeed seen a lot of those passing by. Today, five years on we know  better.   What started as a small creek, invisible to most has become a powerful torrent. This is not just wishful thinking  –  the 2012 IBM CEO survey conducted with more than 1 700 business leaders in 64 countries contains compelling evidence: only 4 percent of the […]

Managing Complexity – Invitation to join the Conversation

Posted on 4 CommentsPosted in 5th Global Peter Drucker Forum

“We are at the beginning of a period of extreme flux, of extreme change and great competitive pressure in which traditional ways of doing things, traditional products, traditional processes will be challenged on all sides.”   When Peter Drucker uttered these words to a group of IBM executives, new complexities were tripping up the world. It was 1955.   In the more than half a century since, of course, the level of complexity has only increased across all of our institutions – political, economic and social. Indeed, as we move further into the 21st century, the complexity curve seems to be growing exponentially. The notion of achieving neatly laid-out objectives through systematic planning has become […]