Knowledge Management

Peter Drucker’s Challenge

Although it might appear curious to point out the issue of productivity at a time when the standard of living has never been higher in many developed countries, its importance is not inconsequential. In a cutthroat global marketplace, productivity is the key to remaining competitive, an observation shown in the concern of management guru Peter Drucker when he described the urgency of the productivity challenge as “great. The country that does this first will dominate the twenty-first century economically. Unless this challenge is met, the developed world will face increasing social tensions, increasing polarization, increasing radicalization, possibly even class war” (Drucker, 1991). The noteworthy aspect about Drucker’s ...