Author: guest

Leading in Complex Times
by Lynda Gratton

Posted on guest2 CommentsPosted in 5th Global Peter Drucker Forum

If you’re a business leader today you are working to understand and balance the perspectives of an unprecedented variety of stakeholders – from NGOs becoming more voracious in their demands to workers who are increasingly hard to engage – and doing so in a world that is more transparent and connected than ever before. It’s a tough challenge.   I found myself reflecting on this the other night as I sat down with two very smart people for one of those marvelous European dinners. Both are business leaders in one of the world’s great pharmaceutical companies. The conversation turned to the growing complexity of the business environment, and the question was inevitably posed: What had […]

Hidden Champions-Europe’s hidden contribution to the globalized world
Hans Stoisser

Posted on guest2 CommentsPosted in 5th Global Peter Drucker Forum

Has China become the colonial power of the 21st century? Are Chinese politicians and businessmen recklessly exploiting Africa’s natural resources? It has become difficult to form a realistic picture of those new developments in the developing world. While the West is heavily criticizing the Chinese ventures in Africa (e.g. in Ghana) it can’t be denied that the Chinese engagement has been an important basis for Africa’s surge in the last 15 to 20 years.   Economic models during times of transition   Developments in the emerging world have to be interpreted in the face of changes in the general set-up of our world order. Firstly, after the rise of the Western world which started in […]

How Drucker Thought About Complexity
by John Hagel III

Posted on guestLeave a commentPosted in 5th Global Peter Drucker Forum

This is a cross-post from the HBR Complexity Serieswritten by John Hagel, and is one of the perspectives relating to the 2013 Drucker Forum Theme (“Managing Complexity”).   Throughout his life, Peter Drucker strived to understand the increasing complexity of business and society and, most importantly, the implications for how we can continue to create and deliver value in the face of complexity. I have long been influenced by Drucker’s work. In the 1960s and 1970s, he was already anticipating some of the implications of the Big Shift just beginning to emerge: the transition to an information economy, the centrality of knowledge work, and the transformative impact of digital technology on all types of work.   […]

Making Management as Simple as Frisbee
by Steve Denning

Posted on guestLeave a commentPosted in 5th Global Peter Drucker Forum

This is a cross-post from the HBR Complexity Serieswritten by Steve Denning, and is one of the perspectives relating to the 2013 Drucker Forum Theme (“Managing Complexity”).   Complexity is not a new condition. While it’s true that many aspects of life have become more densely connected and unpredictable, the fact is that our world is inherently complex. Most of the environments we move in and tasks we perform require us to deal with interdependent and dynamic phenomena.   Consider (as economists Andrew Haldane and Vasileios Madouros recently did) the seemingly simple task of catching a Frisbee. It requires the resolution in real-time of two infinitely variable factors: the Frisbee’s trajectory and the catcher’s own […]

The Mongrel Discipline of Management
by David Hurst

Posted on guestLeave a commentPosted in 5th Global Peter Drucker Forum

This is a cross-post from the HBR Complexity Serieswritten by David K. Hurst, and is one of the perspectives relating to the 2013 Drucker Forum Theme (“Managing Complexity”).   Humans engage with their world in two reciprocal ways: firstly as passionate participants and secondly as detached observers. As managers we cycle between these modes constantly. It’s the mark of a great manager to be able to judge, in a complex situation, when and how to use each of them.   Detached observation requires a certain maturity. Consider that we are born into the world immersed in context. We are embodied organisms, fine-tuned by evolution to garner cues to action from our surroundings. We pay attention when […]

Why higher education requires a new underlying philosophy
Liviu Nedelescu

Posted on guest2 CommentsPosted in 5th Global Peter Drucker Forum

Futurists, professors and entrepreneurs seem to agree: the higher education establishment will be disrupted in the near future. Thomas Frey foretells the collapse of over 50% of colleges by 2030 while Clay Christensen proposes higher education to be just on the edge of the crevasse. The culprit responsible for the disruption in their view? Technology, or more precisely the increasing availability of online learning to which Michael Saylor would add the proliferation of mobile devices.   My view? There is more to the story than technological disruption. To understand such subtleties, one has to look at the underlying philosophy of education.   As knowledge is fast becoming a commodity, the very business model of traditional […]

It’s too complex!
by G. Koch

Posted on guestLeave a commentPosted in 5th Global Peter Drucker Forum

I can’t remember any conference which I attended in the last few years where at least in one major speech the subject of complexity was not prominently addressed. There is no longer any discussion on the future of society, economy, finances, education or science in which the contributors do not admit that the interrelationships and dependencies have developed towards a size, a level of opacity and multi-dimensionality which can only be characterized as complex – not just complicated. Being complicated is not being complex; it means that a certain effort is needed to solve a problem, but it is manageable anyway. Not so a complex problem.   Everybody knows what complexity is because everybody has […]

Embracing Co-Creation to Manage Complexity and Revitalize Value Creation by Venkat Ramaswamy

Posted on guest3 CommentsPosted in 5th Global Peter Drucker Forum

Propelled by advances in global communication and information technologies, there has been an explosion in interactions in the business-civic-social-natural system. These interactions are among both human and nonhuman entities (e.g., devices) in the system and entail the following five key characteristics of complexity: 1. An increase in the number of entities interacting in the system. 2. An increase in the diversity of entities in the system. 3. An increase in the interdependence of entities in the system, with each entity affecting and being affected by the actions of other entities in the system. 4. An increase in the unpredictability of actions and events in the system. 5. An increase in the variability of potential outcomes […]