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Peter Drucker lectures about the next society. During his talk, he discusses: outsourcing as a trend in American industry, the split between employee management and people management, Jack Welch’s book, Frederick Taylor’s study on work, the invention of schools, three influential Japanese individuals, the purpose of middle management, the divisiveness of recognizing people with money, motivation and satisfaction, the mystique of management titles, military roles, the lack of systemization in knowledge work, and a critical element in being a change agent. The video begins with the lecture in progress. The time code appears throughout the video. The lecture continues beyond the length of the tape recording.