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Drucker discusses the future of management and how he believes that society will take precedence over economy. He predicts that developed countries will need to find a way to rid themselves of their dependence on Middle Eastern oil. He discusses what he sees as an upcoming change in demographics due to the collapsing birthrate and retirement. He also discusses immigration and how immigrants are being assimilated into American culture at a faster rate than in previous years. Later in the interview he examines consumer markets and the growing demand for health care and education services. He discusses productivity increases in manufacturing along with the shifting distribution of disposable income. In the second half of the interview Drucker gives his thoughts on the need to redefine corporate performance and the importance of global competitiveness in the future. He then goes into the consequences of living in what he termed a “knowledge society” and how managers will have to change their behaviors and their competencies. He also discusses the future of the corporation and possible transformations that it may face, as well as, the shifting of power towards the consumer in a knowledge society.
Drucker, Peter F. (Peter Ferdinand), 1909-2005 Management Economy and society Middle East Retirement Emigration and immigration Medical care Education Manufacturing processes Corporations Demographics Consumer markets Knowledge society
Original videotape: Excerpts from four 30 minute VHS Tapes; Tapes 40-43: Peter F. Drucker Biography 01/15/02