The Practical Drucker

CHAPTER  |  THIRTY-SIX

What to Do When an Organization Faces a Crisis

Peter Drucker didn't predict economic or financial crises, or say what to do about them—at least after 1929. As I've mentioned elsewhere in this book, the last time he attempted to analyze and predict an economic situation was that year, when he claimed there would be continual economic expansion and good times in the coming decade. A few weeks later, the bottom fell out of the market, resulting in the Great Depression. To the best of my knowledge, he never again made any predictions having to do with the stock market.

Drucker's Infallible Predictions

Chapter 34 mentions Drucker's near infallibility in predicting major political, social, and business developments, and what ...