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Summary: How to Adjust to Shifts in the Economy. In these forty salient essays, renowned management thinker Peter F. Drucker explores how social, political, and economic contexts impact the manager's role. Considered against the backdrop of the twenty-first-century marketplace, with its breathless pace, complex political issues, economic threats, and ruthless global competition, the book's wisdom and insights are classic Drucker: timeless, prescient, and practical. Arguing that management is charged not only with responding to the complex economic issues of the day but also with meeting the needs of customers and employees, Drucker addresses a wide variety of topics that touch on both the professional and the personal aspects of managing in a changing world, among them: Emerging developments in the global economy, Changes in the global workforce, The measurement of business performance, Shifting employee and consumer expectations. Both forward-thinking and practical, "Peter F. Drucker on Economic Threats" offers ideas and insights today's managers can use to achieve consistent, successful results, even as the world around them changes.

Contents:

ntroduction: A Society of Organizations
Part I Executive Agenda. Inflation-Proofing the Company
A Scorecard for Management
Helping Small Businesses Cope
Is Executive Pay Excessive?
On Mandatory Executive Retirement
The Real Duties of a Director
The Information Explosion
Learning from Foreign Management
Part II Business Performance. The Delusion of Profits
Aftermath of a Go-Go Decade
Managing Capital Productivity
Six Durable Economic Myths
Measuring Business Performance
Why Consumers Aren't Behaving
Good Growth and Bad Growth
The "Re-Industrialization" of America
The Danger of Excessive Labor Income
Part III The Non-Profit Sector. Managing the Non-Profit Institution
Managing the Knowledge Worker
Meaningful Government Reorganization
The Decline in Unionization
The Future of Health Care
The Professor as Featherbedder
The Schools in 1990
Part IV People at Work. Unmaking the Nineteenth Century
Retirement Policy
Report on the Class of '68
Meaningful Unemployment Figures
Baby-Boom Problems
Planning for Redundant Workers
The Job as Property Right
Part V The Changing Globe. The Rise of Production Sharing
Japan's Economic Policy Turn
The Battle Over Co-Determination
A Troubled Japanese Juggernaut
India and Appropriate Technology
Toward a New Form of Money?
How Westernized Are the Japanese?
Needed: A Full-Investment Budget
A Return to Hard Choices
A Final Note: The Matter of "Business Ethics."