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This is side B of the fifth tape of recordings of a course taught by Peter Drucker in 1978. This was recorded on February 21. Drucker focuses his discussion on why banks are good at data processing, how important it is, and why few other institutions have been as successful. He also talks about the Austrian statistician he credits with creating the term data. He then goes on to discuss transportation technology, pirates, and modern changes in shipping. Drucker mentions undergraduate course trends, the variety of specialized skills in different industries, and little moron jokes. The tape ends with his use of analogies and metaphors to explain that people can only see what their perception allows, not the whole universe, and sometimes not even all of reality.
Drucker, Peter F. (Peter Ferdinand), 1909-2005 Lectures and lecturing Claremont Colleges Banks and banking Data processing Money Cash flow Loans Transportation Travel Shipping Ability Manufacturing industries Hospitals Austria World War I Statistics Wilson, Woodrow, 1856-1924 Universities and colleges - Faculty Physicians Organization Perception Hypothesis