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A future foretold by Peter Drucker
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Peter Drucker, the professor, author and consultant who revolutionized the theory of management, was amazingly prescient, having the ability to foresee the future. He has been dead for more than three years, but his ideas live on.
He was spot-on in describing what is now being experienced in the economy, and slotted it into historical perspective. He explained that society reorganizes itself every 200 years or so, and has for the last one thousand years.
The last time it happened was the early 1800s and it was called the Industrial Revolution. When these periodic upheavals occur, there are sweeping changes in all areas of society. A strong case can be made that the entire world is in such a period now, precisely as predicted by Drucker.
The current situation has been labeled The Rethink Revolution by author Forler Massnick whose Pulitzer Prize nominated book Rethinking the Corporation explains new ways to govern and manage as science and technology produce exponential change.
The threat to business as usual comes from a number of directions but especially from exponential advances in science and technology. Inventions that can change, even eliminate or create entire industries, pop up daily.
Long after the current financial has exited center stage, executives will be challenged to understand and respond to the yawning and growing gap between conventional, time-worn business practices and the breathtaking discoveries occurring in laboratories around the world,
Peter Drucker
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