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...
...Its management school, where he taught until 2002, is named after him. M...
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...
... Chicago and the market based Harvard schools (e.g., Rühli 1994, 32), for strategic management ... thinking (e.g., Bleicher/Berthel 2002; Drucker 1992) in the 1990s: In the business context, knowl...
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... experienced a high rate of additional schooling and skills acquisition among employees, to ensure ...
The purpose of this paper is to revisit the development of the stakeholder management approach developed in "Strategic Management: A Stakeholder Approach" published by Pitman Publishing in 1984. A brief history of the development of this approach is followed by a summary and an assessment of the main arguments. The approach has been used in a number of research streams which are outlined. The paper ends with some suggestions for promising lines of inquiry.
... on the research staff at The Wharton School, University of Pennsylvania, with a research group... elements of which I crudely following Drucker called "enterprise strategy" are far more importan...
The paper analyses the change of job stability and its determinants in the course of time by presenting some empirical evidence from Germany. Drawing upon event history data from the German Federal Labour Office insurance accounts and employing Cox Proportional Hazard Rate Models, we test six core hypotheses on labour market restructuring and its impacts on job stability. Our analysis suggests that during the transition to service society between the 1980s and the 1990s some kind of 'restructuring' of the German labour market has taken place that has simultaneously led to an increasing polarisation and to an increasing levelling out of individual employment chances and risks.
... resource in production (OECD 1996; Drucker 1998) the employment chances of individuals should... employment, affordable housing, adequate school location, public transport connection, car use, ch...
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