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  • Management Challenges For The 21 Century: P.F. Drucker

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    Siddhant Atri
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    This document discusses new paradigms for 21st century management. It outlines that management must now focus on all organizations, not just businesses. There is no single right organizational structure or way to manage people, as different approaches work best depending on the individual. The document also lists five new certainties for developing strategies, such as declining birthrates in developed nations and a shift to a globalized economy. Effective management will require adapting to changes, utilizing information, developing knowledge workers, and self-management.

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    This document discusses new paradigms for 21st century management. It outlines that management must now focus on all organizations, not just businesses. There is no single right organizational structure or way to manage people, as different approaches work best depending on the individual. The document also lists five new certainties for developing strategies, such as declining birthrates in developed nations and a shift to a globalized economy. Effective management will require adapting to changes, utilizing information, developing knowledge workers, and self-management.

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    21 views13 pages

    Management Challenges For The 21 Century: P.F. Drucker

    Uploaded by

    Siddhant Atri
    This document discusses new paradigms for 21st century management. It outlines that management must now focus on all organizations, not just businesses. There is no single right organizational structure or way to manage people, as different approaches work best depending on the individual. The document also lists five new certainties for developing strategies, such as declining birthrates in developed nations and a shift to a globalized economy. Effective management will require adapting to changes, utilizing information, developing knowledge workers, and self-management.

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    of 13

    Management Challenges for the 21st Century

    P.F. Drucker

    Managements New Paradigm


    Since 1930s Management is Business Management Today Mgmt. is the Specific Distinguishing Organ of Any and All Organizations

    Mgmt.s New Paradigm


    Since 1930s One Right Organization Structure Today No Such Thing People Variables The Organization that Fits the Task

    Mgmt.s New Paradigm


    Since 1930s One Right Way to Manage People

    Today
    Different People have to be Managed Differently
    People are Lead To make most productive their specific strengths.

    Strategy the New Certainties


    1. The Collapsing Birthrate in the Developed World
    Politics of Turbulence Government Instability Retirement Productivity Must Increase Rapidly

    Strategy the New Certainties


    2. The Distribution of Disposable Income 4 Growth Sectors of the 20th Century
    1. Government 2. Health Care 3. Education 4. Leisure Growth of Financial Services

    Strategy the New Certainties


    3. Defining Performance
    Institutional Ownership
    For Whose Benefit Should the Business be Run?

    Stakeholders Short Term vs. Long Term

    Strategy the New Certainties


    4. Global Competitiveness
    Cheap Labor No Longer Works Growing Global Standards Protection No Longer Protects
    Tariffs, Taxes, etc

    Strategy the New Certainties


    5. Growing Incongruence between Economic Reality and Political Reality

    Global Economy of Money & Information


    vs. Regional, National, and Local Realities

    The Change Leader


    Sees Change as an Opportunity
    Abandonment

    Organized Improvement (3%)


    Exploiting Success

    Make the Future

    The Information Revolution


    From the T to the I Continuing Education Organizing Information
    Key Events or KPIs Statistics Threshold Phenomenon

    Knowledge-Worker & Productivity


    What is Your Task? What Should it Be? What Should You be Expected to Contribute? What Hampers You in Doing Your Task? What Should be Eliminated?

    Managing Oneself
    Who Am I? How do I Work? Where do I Belong? What is My Contribution? What are My Strengths?

    Take Responsibility!
    Plan for the Second Half of Your Life!

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