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Title
Closing Peter F. Drucker and Worth Loomis symposium on business productivity, communication and efficiency, unionization, and organization growth
Creator
Dale E. Zand
Peter F. Drucker
Contributor
Worth Loomis
Date Created and/or Issued
1979-04-18
Publication Information
The Drucker Institute
Contributing Institution
Claremont Colleges Library
Collection
Drucker Archives
Rights Information
For permission to use this item, contact The Drucker Institute, https://www.drucker.institute/about/drucker-archives/
Description
Drucker continues the question-and-answer session of the lecture by discussing how the spinning wheel was modified in India to triple its output, cutting the amount of physical labor in half, and how the device is banned in India. Drucker states that a poor country cannot afford a welfare population, though a rich one can, and the prevailing attitude that investing capital is always productive if it saves labor is no longer true for Western countries. Instead, Drucker argues that investing in people and their skills, rather than technology and innovation, is the key and appropriate for developing societies. Responding to a question from the audience, Drucker states that the cause of inflation is government, and the expansion of government the root cause of its continuity. Inflation destroys productivity, and it becomes a vicious spiral, since in order to maintain real wages and incomes, the government has to inflate more. In order to come to terms with inflation and understand it, Drucker highlights two approaches, namely, the political option and the managerial option. He states that both are needed, but only the managerial option is under the control of managers. The political option is influenced more directly by citizens. Drucker then talks about the idea of high-touch environments, and how multinational companies need to have their young people work in a variety of areas and meet together. For senior-level executives, one needs to meet people in situations that are not problem-focused or agenda-focused. Actual meetings should be limited to two minutes or one half-hour, and should be focused and organized. It is the manager’s job to make sure there are no surprises and to anticipate any issues that may arise.
Type
sound
Format
mp3
Identifier
dac02516
http://ccdl.claremont.edu/cdm/ref/collection/dac/id/8030
Language
English
Subject
Drucker, Peter F. (Peter Ferdinand), 1909-2005
New York University
New York University. Graduate School of Business Administration
Spinning-wheel
India
Welfare economics
Welfare state
Capital
Capital investments
Capital market
Capital productivity
Capital goods
Labor
Labor productivity
Labor supply
Labor turnover
Human capital
Technological innovations
Technology
Inflation (Finance)
Civic improvement
Management
Management by objectives
Government expenditures
Symposia
Source
Original recording, April 18, 1979; Drucker Archives; Box 68
Relation
Drucker Archives - https://ccdl.claremont.edu/digital/collection/dac

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