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The Drucker Lectures: Essential Lessons on Management, Society and Economy by Rick Wartzman, Peter F. Drucker

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24The Changing World Economy1997

I will focus on six main developments that are, by and large, not being paid any attention to today but are almost certainly going to be far more important than any of the things you read in the papers or the business press. They are the six major changes that I think will determine how successful a country is, including the United States; how successful an industry is; how successful a company is; and how successful each of you will be.

I shall start out with a question. Is there one additional skill that you and your organization will need, which practically nobody has yet mentioned, let alone acquired? Yes, there is. It is the skill to manage the foreign exchange exposure of your organization. It is now about ...

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