Facebook stock has had its troubles lately, so much so that gleeful radio commentator Sandra Tsing Loh has coined the term “plungenfreude” to describe her sentiments.
Now David Frum has weighed in with a provocative column for CNN. Frum contends that Facebook has, like so many businesses today, chosen to try to be a good investment rather than a good company. In the process, it has cut ethical corners.
Frum makes several points in the course of his argument, but we wanted to focus on one passage in particular. What’s riskiest for Facebook, in Frum’s view, is that it’s trying out a lot of questionable ways to justify a high share price.…
Sometimes the best way to say goodbye is to build the farewell into one’s plan from the very start.
We could have used a dose of that thinking ourselves in November 2009. That’s when we launched “Drucker Now,” an iPhone app tied to the Drucker Centennial, the worldwide celebration of Peter Drucker’s 100th birthday.
Apps were relatively expensive and difficult to develop back then. Organizations of our size didn’t have much of a presence on mobile phones. And we had barely enough content ready to justify the move—we had only recently opened our Twitter account and we were still “blogging” in a twice-monthly email newsletter rather than here on the Drucker Exchange.…
Although he was committed to innovation and wrote quite a bit about the impact of information technology on organizations and on society, Peter Drucker was not exactly tech-savvy.
Why didn’t we come up with Yammer? It’s a Facebook-style social networking tool for the workplace, and Microsoft just purchased it for $1.2 billion. (Guess it’s time to come up with something else Microsoft might buy.)
The New York Times called the purchase “another sign of how consumer technologies that once seemed like toys are reshaping the slower-moving corporate information technology market” (a trend we took note of, in a slightly different context, last week). Yammer, the paper added, “has co-opted many of the basic concepts familiar through Facebook to create a more business-friendly social networking service.”
George Zachary, a Yammer board member, told the Times: “Businesses are inherently social.…