Friday, December 23, 2005
Peter Drucker �s Legacy
It is highly probable that everyone in the job of running these days a business corporation ,had read something about Peter Drucker , sometime in his or her professional career. Even myself had to spent hours of reading his books in the seventies, while I was studing in the University.
It was so influential, specially for his ability to transform complex thing into the simplest and well connected one. For instance ,the battle for protectionism for manufacturing sector ;as a confusion of the symptom with the desease: The decline of manufacturing. On the other hand, his ability to foresees the future of management, has made possible that much of the discussion of today� s management challenges, are based on his ideas, which has allow him to be considered the Father of management.
The importance of human resources in organizations , knowledge as an asset for workers, flexibility throughout all organizational process, information as a source of power, new negotiations boundaries within the firm down the hierarquy scale, and the creation of a customer as a key job for executives, competition among industries are on the main stream of management .-
On the declining of manufacturing he said:
The decline of manufacturing as a producer of wealth and jobs changes the world's economic, social and political landscape. It makes ?economic miracles? increasingly difficult for developing countries to achieve. The economic miracles of the second half of the 20th century?Japan, South Korea, Taiwan, Hong Kong, Singapore?were based on exports to the world's rich countries of manufactured goods that were produced with developed-country technology and productivity but with emerging-country labour costs. This will no longer work. One way to generate economic development may be to integrate the economy of an emerging country into a developed region. This statement is applied to the Free Trade agreements within different countries, such as Nafta between the United States , Canada and Mexico ,or the Free Trade agreement between European Union and Chilean economic. Each one benefit form the other.-
His view that business have two dimensions :The economic and the social one, made the foundations of what today is called the Socially responsibility commitment Firms.
Finally, it is obviously not enough to resume his whole legacy in a short paragraph like this one , but it is essential for understanding the meaning of such a great man anyway. We usually believe that knowledge is on the history books written years before. Well Peter Drucker had the extraordinary intuition to allow us to foresee that knowledge it is what lies ahead of us.-
Pd : Merry Cristmas to everyone !