Peter F. Drucker, who was often called the world's most influential business scholar and whose thinking transformed corporate management in the latter half of the 20th century, died Nov 11 at his home in Claremont, California. Drucker was born in Vienna on Nov 19, 1909. He started his career in Economics by working for several German banks and export companies, and, at the same time, as economic journalist for Austrian and German newspapers and international banks in London. Drucker pioneered the idea of privatization and the corporation as a social institution. He coined the terms "knowledge workers" and "management by objectives". Although he was not always right with his visions, in the world of management gurus, there is no debate. An interview taken with Drucker in 1997 when he was...
...In medicine you have a good number of foundation disciplines which are the "medical sciences": chem...
Information is a critical resource in innovation processes. External information can be helpful in innovation processes to complete them successfully. SMEs in particular are therefore advised to draw on consulting in innovation processes, as they cannot ensure the necessary information flow internally due to the lesser resources they have compared to larger companies. To promote economically relevant information of SMEs, the public sector provides specific advisory services. These services, however, are rarely utilized compared to direct customer and supplier contacts. From strategic management's point of view, the involvement of intermediaries in the innovation process is accompanied by the risk of losing specific knowledge to the business environment. Based on an empirical comparative...
...Drucker (1999), for example, speaks of the knowledge worke...With this theoretical foundation they provide a meta-criterion that limits the arbi...
According to the Resource Based View of strategic management, analyzing the human resource of a specific firm in terms of its potential to serve as a source of a sustainable competitive advantage requires an examination of - among others - the resource value. The question of how to parameterize this value, i.e., how to calculate human capital, straightly leads to an integration of RBV reasoning with market based models of the competitive environment at the factor and product market side. However, there seems to be a tacit consent among strategy scholars that the only adequate market mechanism to be used for resource valuation is the product market with the economic rents effectively created there. Yet this regularly ends in a tautology criticism of the RBV. It thus is the particular pur...
... thinking (e.g., Bleicher/Berthel 2002; Drucker 1992) in the 1990s: In the business context, knowl... perception: "An organization has a foundation for sustained competitive advantage when it posses...
As a response to the emerging trend of greater enrolment in graduate programmes in Slovenia, this paper assesses the role of higher education (i.e. specifically in the management field) in Slovenian enterprises. The research includes representatives from 80 enterprises and 160 graduate students. It is believed that knowledge and other individual's capabilities obtained in the process of formal education are utilized in companies. However, the opposing belief among students that enterprises do not seek candidates with graduate degrees emphasizes the importance of a deeper investigation of the subject. Research data show that graduate education can be seen not only as an advantage but also as a disadvantage.
...-after capabilities (Brown/Hesketh 2004; Drucker 1993). Managers possess knowledge, which is a part...The foundation for such standpoint could also be a negative co-wo...
Outsourcing is an organizational measure that changes the resource dependencies of a company. In this paper, a framework is developed from the perspective of the resource dependence approach to explain strategic outsourcing in the German engine building industry. On the basis of the NIFA panel, which describes the development of this industry in the 1990s, the framework is examined in cross-sectional and longitudinal studies. It can be shown that the resource dependence perspective contributes to an explanation of organizational changes, both outsourcing and insourcing. In addition, the longitudinal studies show the significance of the strategic, that is, long-term orientation of the ensemble of organizational measures towards company success.
..., that is, "streamlined" organization (Drucker 1988). In Germany, this instrument was quickly ado... contrast to RBV, the power-theoretical foundation of the approach endogenizes the relational charact...
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