Business & Entrepreneurship
Executive in Action: 3 Classic Works on Management
- Peter F. Drucker. Three
of Drucker's most important works in one volume: Managing for Results,
Innovation and Entrepreneurship, and The Effective Executive
& Noble Business Index
Executive in Action: 3 Classic Works
- Peter F. Drucker
understand Drucker, one must take the long view of economic history.
Rather than planning for a short-term business cycle, Drucker looks
at long term sustainability. A statement that: the
high-tech industry has yet to make a dime, may seem outrageous
but Drucker looks at the 40 year history of the entire industry.
The profits of Microsoft, Intel, and IBM do not balance the investments
in R&D, the transitional labour costs, and all the high-tech
failures. Rather than a statement of pessimism, it is one of optimism:
the high tech industry is still immature with room for growth.
He writes of a 20-year
cycle from the initial investment in Research and Development to
commercial acceptance. The Internet confirms this: it took
20 years for ARPNET to evolve into the World Wide Web. The
most successful innovators are not the pioneers, but those that
build on the efforts of others. The Tech-industry follows this pattern:
Netscape commercializing Mosaic, Microsoft marketing Apples ideas,
or the Macintosh extending Xeroxs PARC research.
have no interest in celebrities... If all the super-rich disappeared, the
world economy would not even notice. The super-rich are irrelevant to the
Bill Gates, Forbes 3/10/97
that very old French story about what it means to become an adult. You
no longer talk about having sex, you have it." -
the tech industry to mature, Wired
"I never predict.
I just look out the window and see what's visiblebut not yet seen."
"If you don't
charge enough money [so] that they are conscious of it, you have no impact." -
fees, Forbes 3/10/97