Category: 4th Global Peter Drucker Forum

Bottom-up management and the reintegration of former child soldiers: a profile of the Grassroots Reconciliation Group
By Christopher Maclay

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I was first introduced to Peter Drucker – and to the broader management discipline in general – through my entry to the inaugural Drucker Challenge in 2010 and subsequent participation at the Drucker Forum in Vienna that year. At the time I had been working on a poverty reduction programme in Bangladesh, and since my work has taken me to a variety of international contexts to engage with a variety of complex social problems. Each problem needs a different solution, and each solution requires a different approach. However, one managerial principle lies at the centre of any effective initiative in this field: participation.   In The Practice of Management, Drucker explained that, ‘A decision should […]

The 2012 Drucker Forum – Never Stop Playing
David Hurst

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I returned over the weekend from the Drucker Forum in Vienna. It was a great conference! From my ecological perspective it was an “open patch”, a place in which people with many different backgrounds and perspectives can gather, have an open dialogue and exchange questions and answers. This is the “soil” in which new ideas of all kinds can grow without being crushed by giant orthodoxies.   On the first evening – a cocktail party for speakers and essay-winners – I introduced myself to a man standing alone. I noticed that he had a tiny gold medal pinned in his lapel. He was Dan Schechtman, winner of the 2011 Nobel Prize for Chemistry, and a pioneer […]

Capitalism 2.0 Is Coming
by Marianne Abib-Pech

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Vienna November 2012, Palace Ferstel, in the grand settings of the Palace, memories of Menger, Hayek, Freud and Kohr laced with Elizabeth Of Austria presence are lingering. Mitteleuropa no more…or actually more than ever? This is the gala dinner of the 4th Peter Drucker Forum, the Austrian- born writer, teacher and consultant, who was once tagged as “the Man who invented management.” He liked to call himself a “social ecologist” – i.e. someone who deals with the man-made social environment in which we operate.   For two days last week, an eclectic mix of close to three hundred corporate executive, entrepreneurs and prominent members of Academia from all over the world gathered at the heart […]

Learning from the Forum
report by Drucker Challenge winner Yavnika Khanna, Capgemini

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For me, the greatest learning from Drucker’s ideas and the Forum is that it is not enough for managers and tomorrow’s leaders to recognize that the world around them in a constant state of chaos. Besides “business –as usual”, organizations today have an additional role to play in overcoming the cloud of distrust that has surrounded private sector as a response to the recent recessionary situations. In the words of Adrian Wooldridge, one of the keynote speakers at the Forum and columnist for The Economist, “we must pay heed to the warnings of the external environment”. Managers and organizations must shed managerial myopia, and as suggested by Rick Wartzman, a columnist for Forbes, resolve the […]

Peter Drucker Forum: Capitalism 2.0: new horizons for managers
by Vlatka Hlupic

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Last week I attended the Fourth Global Peter Drucker Forum, an international management conference dedicated to promote the legacy of Peter Drucker, a management professor, consultant and the world’s best known writer on management. The theme for this Forum was “Capitalism 2.0: new horizons for managers”. More than 300 participants from more than 30 countries around the world, led by some of the leading management thinkers such as Lynda Gratton, Roger Martin and Tammy Erickson, debated the future of management and capitalism. Overall consensus was that the future of re-invented management is here, the paradigm shift is unstoppable and management revolution is gradually gaining a momentum.   There is a hope that we can get out […]

Capitalism 2.0 Grapples With Youth Unemployment
by Elizabeth Haas Edersheim

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The Drucker Global Forum, held this month in Vienna, engaged more than three hundred people in envisioning Capitalism 2.0, redefining roles, responsibilities, and management to better address the 21st century. By the end, I felt more optimistic about business and social enterprises than I ever have.   We pondered the basic question that Peter Ducker often asked when he worked with managers: “What is needed?” And we took on the tougher question that Drucker used to close every conversation: “What are we going to do about it?”   What is needed?   No matter what their ages or backgrounds, participants agreed that the foremost challenge around the globe is youth unemployment.   Lynda Gratton  of the […]

Mobilizing Intelligence: Three Lessons From the Drucker Forum in Vienna
by Rick Wartzman

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During a visit last week to the place of Peter Drucker’s birth, I suddenly remembered a note that he had written shortly before his death.   I had come to Vienna to participate in the Fourth Global Peter Drucker Forum, which attracted hundreds of executives, scholars and students to contemplate what, in the aftermath of the global financial crisis and Great Recession, a better form of capitalism might look like. Much of the discussion on “Capitalism 2.0” centered, sensibly, on finding alternatives to maximizing shareholder value.   But other important threads also ran through the proceedings, including the way that information technology is reshaping all sorts of organizations. It was this particular theme that prompted […]

Why Management 2.0 Is Inevitable
by Steve Denning

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In my post, “The Revolutionary Tenets of Management 2.0”, I described five fundamental shifts that firms must master to navigate the transition to the new management ecosystem of Management 2.0.   In my TEDx talk in Oslo last month, I explained in more detail why the transition to Management 2.0 is not merely desirable: it is inevitable.   In the talk, I examine the epic shift in power in the marketplace from the seller to the buyer, that flows from Peter Drucker’s foundational insight in 1973: “There is only one valid definition of business purpose: to create a customer.”   The shift in power has had devastating consequences for hierarchical bureaucracies, which have been insufficiently […]