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Text / Peter F. Drucker article on balancing planning in business

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Title
Peter F. Drucker article on balancing planning in business
Creator
Peter F. Drucker
Date Created and/or Issued
1989-11-15
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
Article by Peter F. Drucker on the necessity of balance between short-term and long-term thinking in American business practices. Drucker begins the article explaining how American businesses have been encouraged to shift from short-term to long-term planning, and how this approach supporting short-term vs. long-term planning for business is problematic. He proceeds to indicate how short-term and long-term planning are two necessary parts of the same process, highlighting the need for both short-term and long-term operating budgets in a firm and emphasizing how American operations contrast with the successful practices of the Japanese. Drucker then identifies promotion and service as the two areas where US companies most neglect long-term budgeting, ultimately recommending that companies should match compensation structure to longer-term planning by basing bonuses on five-year rolling results.
Type
text
Format
tiff
Identifier
dac02499
http://ccdl.claremont.edu/cdm/ref/collection/dac/id/7980
Language
English
Subject
Drucker, Peter F. (Peter Ferdinand), 1909-2005
Boardroom Reports, Inc
Japan
General Electric Company
Source
Original document, November 15, 1989; Drucker Archives; 4 pages
Relation
Drucker Archives - https://ccdl.claremont.edu/digital/collection/dac

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