Regaining Your Spark
As we noted last month, Peter Drucker believed that every company’s “theory of the business”—that is, the basic assumptions it makes about its mission and the market—eventually needs to be reconsidered. In a 1994 Harvard Business Review article, Drucker explained that in order to sustain itself for the long term, a company must be prepared to move in ...
The Way the Cookie Crumbles
Of all the news making headlines today—civil unrest in Egypt, the Dow briefly topping 12,000 on Wednesday, Toyota’s latest vehicle recall—we’re guessing that Peter Drucker would have been drawn in particular to this front-page item from The Wall Street Journal: “Cookie Cutters: Girl Scouts Trim Their Lineup for Lean Times.” Drucker, after all, was a ...
Joe’s Journal: On Stinking Corpses
“There is nothing as difficult and as expensive, but also nothing as futile, as trying to keep a corpse from stinking.” – Peter F. Drucker When we take a look at various systems, products, and services, we can see that there are often some that have outlived their usefulness and need to be dropped. Oftentimes ...
Your Not-to-Do List
If you’re like most people, you’re working on a list of resolutions for 2011: Eat healthy. Go to the gym more. Read the classics. But Peter Drucker would have likely asked you for a different kind of list: What are you going to stop doing? As we’ve noted before, Drucker believed that “planned abandonment” is ...
From Sin City to Green City?
Las Vegas has suffered more than most cities during the economic downturn. With fewer visitors spending less on leisure activities, including gambling, Sin City now has the highest unemployment rate of all big metro areas, as well as a foreclosure rate five times the national average. As a result, Vegas is now trying to diversify ...
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