Category: 10th Global Peter Drucker Forum

Managing the Self: The Power of Rest
by Thomas Bubendorfer

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How to manage the self in today’s over-complex, ever-changing business world with its inexorably increasing workload? To begin, I suggest we address two questions: First, how do we live? And second, who are we? How do we live? As a keynote speaker and coach of executives I have gleaned intimate insights into modern-day business environment: I observe calendars stuffed with meetings often a year in advance. I see that, thanks to first the advent of the Internet, and then, for the last 10 years, smartphones, availability of the individual spans almost every waking hour. Change, restructuring and the ubiquitous “Next Level” programs have ceased to be a passing phase but have become permanent features. I […]

Gandhi and AI: an Unlikely Superhero Team
by Ferose V R

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Gandhi predicted that both capitalism and communism would eventually fail.1 He proposed a third way, called trusteeship,2 which holds tremendous promise. Yet today’s world is more complex than the one that Gandhi inhabited, and so we need new technologies guided by a renewed mindset to navigate the maze of the complex adaptive system that characterizes our cultural, economic, and political reality. To do so, we must begin by discussing thoughtfully, realistically, and compassionately how we can take responsibility for our children, for our planet, and for ensuring a human future, understanding how local actions lead to global effects, and vice versa. The scope of the challenges we face, the shortcomings of current systems, and the […]

Artificial Intelligence as the Voice of Wisdom for Future-Ready IT
Milena Milićević

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During the 1960s, Peter Drucker stated that there isn’t much ‘‘participatory management’’ in Japanese organizations and that was a good thing. He observed that ‘‘everyone who would be affected by the decision knew what it was about – whether he (or she) liked it or not – and was prepared for it. There was no need to sell the decision – it’s been sold.’’ At a time when the business of technology is about moving quickly and in stealth mode, the winning strategy for IT in the 21st century is about leveraging intellectual property, protecting valuable data and deep-pocket investments. Yet what would happen if soon the managerial wisdom in decision-making would be replaced to […]

Nailing Corporate Reformation to the Door
by Henry Mintzberg

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CO-AUTHORED WITH FREDERICK BIRD In the sixteenth century, there were calls for reforms of the Christian Church, which was then the largest, wealthiest, and most global institution in the world. Some critics engaged in protests, others offered advice or called for a gathering of leaders. But what eventually sparked action was a poster nailed to the door of the All Saints Church, Wittenberg, in the fall of 1517, by Martin Luther, a monk and professor. He posted 95 theses about fundamental issues to be addressed. Thus began the Reformation. Photo credit: Martin Luther [Public domain], via Wikimedia Commons At a meeting last November at the Drucker Forum in Vienna, Charles Handy called for a reformation of […]

To Summon the Demon or Not To
By Roger Jihao Yang

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Are you familiar with the ‘Hosts’? A recent science fiction TV series ‘Westworld’ from HBO explores a futuristic story in a fictional and a technologically advanced wild-west-themed park called ‘Westworld’ populated by humanoid robots called ‘Hosts’. Interacting like real humans, the hosts are programmed to fulfill the guests’ desire. The high-paying human ‘guests’ may indulge in their wildest fantasies within the park without fear of reprisal from the hosts, who are programmed in a way that they cannot hurt humans. The world gets topsy-turvy when the robots start remembering their past ‘lives’ and get revengeful on those who took advantage of them. This leads to a discussion on the ethics of human-robot interactions. Will the […]

Emotional Intelligence in the era of Artificial Intelligence
by Sundaresan Lalgudi Natesan

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“I do have a lot of emotions, but my default emotion is to be happy” are the words of Sophia, the social and genius Humanoid Robot. As empathetic AI machines and anthropomorphic robots step into the world and strive to understand human emotions, it is time to put the term ‘Robotic’ to redundancy. We are fast approaching the day when Human and Robot compatibility skills would be listed as one of the sought-after job requirement (assuming one manages to find a job which needs human intervention in the loop). This puts forth a valid question: In the ever-evolving world of machines learning constantly, where does the new learning curve for us as humans commence? With […]

To Maximize Performance, set them Free
Rajeev Peshwaria

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According to Gallup and other employee engagement polls, only 13% of the global workforce is truly engaged and happy at work. Why? Because I believe most traditional management practice is based on two false assumptions: All employees must be given tough stretch goals and managed closely so to achieve them If left to their own devices, employees will do no more than the minimum and productivity will nosedive. The problem with these assumptions is that they ignore a universal law of nature – the 80:20 rule, or the Pareto Principle. In 1906, Vilfredo Pareto, an Italian economist and sociologist, observed that 80% of land and 80% of wealth in Italy was owned by 20% of […]

The Key to Career Growth: Surround Yourself with People Who Will Push You
by Claudio Fernández-Aráoz

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When thinking about how to develop in our careers, most of us tend to focus on promotions, projects, courses, certifications. We seek out expanded roles, more senior titles, extra money. We overlook one very key piece of the learning puzzle:  proactively surrounding ourselves with people who will push us to succeed in unexpected ways and, in so doing, build genuinely rich, purposeful lives of growth, excellence, and impact. Back in the 1990s, when I was working full-time as a partner in our executive search firm, I pursued one such friend—a leading researcher and writer—and cultivated the relationship for several years. And then, in 1998, during a walk along the Charles River in Cambridge, he surprised […]