Peter Drucker’s class on effective decisions. During his lecture, he discusses: giving the right answer to the wrong question; reasons why it is rare to make a right decision, a decision as a commitment to right action; medical diagnosis as a decision making process; front-line people and crisis; Pomona College and James Blaisdell; not being able to find out why businesses lose money; probability theory; the practice of starving problems and feeding opportunities; money as no longer being a competitive advantage; the vulnerability of banking systems due to capital no longer being domestic; mom and pop shops as a social safety net and social security system in Japan; Thomas Edison as an executive; Drucker’s assignment as the chair of the first management meeting of the newly combined Chase Manhattan Bank; and the greatest transformation of the human condition. The video ends with the lecture in progress.
Lectures and lecturing Drucker, Peter F. (Peter Ferdinand), 1909-2005 Decision making Medical education Case studies Pomona College (Claremont, Calif.) General Electric Company G. Westinghouse & Co Banks and banking Japan Stores, Retail Chain stores Itō Yōkadō Gurūpu Edison, Thomas A. (Thomas Alva), 1847-1931 Chase Manhattan Bank Blue collar workers Knowledge workers Miracles
Source
Color videocassette: MGT 351: [Effective Decisions], 3/18/1996; Drucker Archives; 3/4 inch VHS cassette
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