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How to Be a Managerial Fortune-Teller

“The best way to predict the future is to create it.” That's Peter Drucker speaking. In fact, this has become one of Drucker's famous utterances. It has not only been quoted but also embossed on paperweights, developed for display on corporate walls, and printed in materials circulated around the world. In Beijing, I even saw some Chinese writing with Drucker's picture. A Chinese friend translated the text for me: “The best way to predict the future is to create it.” At the California Institute of Advanced Management (CIAM), we modified it slightly and translated our version into Latin to make it our university credo: Tantum vos can partum posterus. Or, as we like to say in English, “Only ...

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