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Title
Peter F. Drucker lecture on allocating financial resources, business, and supply and demand in resources
Creator
Peter F. Drucker
Date Created and/or Issued
1978
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 begins the lecture describing how tasks should be allotted to employees and how new assignments create situations in which workers must be selected according to their skills and experiences. They proceed to talk about the mission of art museums, and how businesses believe that by allocating money, organizations can avoid hard work. Drucker states that there is no substitute for hard work, and that money cannot buy hard work. He also states if an organization or business does not know what it’s doing, it should not put lots of people to work, but, instead, put one good person to work until they know what they are doing. Drucker then explains the three things one learns in business--how to sabotage, how to create disagreement, and how to confuse every issue. Drucker proceeds to discuss the history of the modern research university and how, in addition to why, it arose in Germany as the University of Berlin. He goes on to talk about the American idea of the academic community, and how the notion of community, as embodied in the American liberal arts college, is a distinctly American phenomenon. They move on to discuss Chrysler automobile company and how they are purchased because of their engineering, not because of their manufacturing, and proceed to talk about the history of the cotton crop and how it came to dominate in the world system. The class then moves on to consider tobacco alongside the proliferation of cotton, and reflect on how steel was an in-between product and represented a turning point. The lecture continues on the topic to the history of steel-making and the introduction of fertilizer, then considers the application of engineering systems and technology and how it represented a new process applied to a new product. With the pharmaceutical industry, in particular, there is a symbiotic relationship between research, development, and testing. Drucker then notes that, in most instances, car service has become a revenue center in the automobile industry, with the service manager becoming a part of top management and consumers becoming more focused on service. Everything else in the industry is data processing and manufacturing.
Type
sound
Format
mp3
Identifier
dac02507
http://ccdl.claremont.edu/cdm/ref/collection/dac/id/8004
Language
English
Subject
Drucker, Peter F. (Peter Ferdinand), 1909-2005
Claremont Graduate University
Claremont Graduate School
Claremont Graduate University-Faculty
Claremont University Center
Employee selection
Management - Employee participation
Art museums
Sabotage
Confusion
Universities and colleges
Germany
Chrysler automobile
Cotton
Cotton industry
Tobacco
Steel
Steel industry and trade
Fertilizer industry
Pharmaceutical industry
Humboldt-Universität zu Berlin
Technological innovations
Technology
Disagreements
University of Berlin
Academia
Community
Automobile repair services
Source
Original recording, 1978; Drucker Archives; Box 68
Relation
Drucker Archives - https://ccdl.claremont.edu/digital/collection/dac

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