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Recent selections from around the web that, we think, would have caught Peter Drucker’s eye:

1.     The Disappearing COO and the Evaporating Talent Pool: If you’re a COO, you could well be on your way to being an endangered species. Stephen A. MilesNate Bennett and Walt Shill write in Bloomberg Businessweek that only 38% of Fortune 500 companies have a COO, in comparison with 48% in 2000. CEOs increasingly seem to think they’re able to do it on their own. And this, say the authors, is a risky way to act: “So what happens when you add to the mix challenges that COOs traditionally contend with: the mastery of complex supply chains, managing scarce talent or integrating procurement more effectively into design and production?”


2.     A Hotter Climate Limits Growth: I’m hot. Let’s take the day off. Nina Kruschwitz reports at MIT Sloan Management Review on new research by MIT professor of economics Benjamin Olken, who suggests that hot spells in developing countries can impede economic growth. How much? “Olken and his colleagues found that every 1 degree Celsius increase in temperature in a poor country reduces economic growth by around 1.3 percentage points” by cutting into agricultural production, factory output, commerce and more.


3.     Why You Need Charisma: One of the biggest skeptics of charismatic leaders was Peter Drucker, who considered them to be hazardous to good management and long-term organizational (or national) health. But Rosabeth Moss Kanter, a professor at Harvard Business School, has a different view of the matter: Charisma, she writes at the HBR Blog, is a good useful, and even necessary thing. “Charisma has been getting a bad rap recently. . . . But rejecting charisma as a factor goes overboard, missing the personal appeal that makes someone a leader.”


4.      The Dx Comment of the Week: In last week’s selection of Drucker readings, we linked to a New York Times interview with Tracy Streckenbach, president and chief operating officer of Innovative Global Brands, who downplayed the role of mission: “To me, the mission can be a little academic. I’ve got to create change quickly and drive results.” Reader Greg Zerovnik objected to this:

Ms. Streckenbach…thinks a mission is a mission statement. Nothing could be further from the truth. A mission statement is a politically correct expression of what every existing part of a corporate entity likes to think justifies its existence. Mission statements are verbose, redundant and conceptually bankrupt. . . . The mission, on the other hand, is why you are in business: whom you serve and what you do to provide that service. It is short, pithy and ingrained into the corporate culture. It doesn’t need to be framed and hung on a wall because 99% of the people in the company know what it is.





  1. A Single-Minded Focus

    Today, we intend to pass along a business tip that’s more specific than usual: Create a business that caters to unmarried women in the Middle East. The reason is that singlehood is on the rise in that part of the world—and, for that matter, ...
    Date2012.11.22 Views2831 file
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  2. Labor Pains

    A new episode of “Drucker on the Dial” is available today. Host Phalana Tiller talks with Henry Farber, a professor of economics at Princeton University and author of several landmark studies on the declining stability of employment. Tiller ...
    Date2012.11.22 Views2234 file
    Read More
  3. Are You Feeding Birdseed to Your Cat?

    This piece is the first of what will be monthly contributions to the Drucker Exchange by Brand Velocity, an Atlanta-based consulting firm that is putting Peter Drucker’s ideas into practice at major corporations. You may have heard the (hop...
    Date2012.11.22 Views2133 file
    Read More
  4. Is Profit Too Important to Share?

    Ford Motor has a new chief executive on the way—so who will it be? To be sure, current chief Alan Mulally has to exit first, and that’s not likely to happen until sometime next year, but, according to the The Wall Street Journal, speculation...
    Date2012.11.22 Views2407 file
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  5. What Peter Drucker Would Be Reading

    Recent selections from around the web that, we think, would have caught Peter Drucker’s eye: 1. The Disappearing COO and the Evaporating Talent Pool: If you’re a COO, you could well be on your way to being an endangered species. Stephen A. M...
    Date2012.11.22 Views2922 file
    Read More
  6. How to Consult Like Peter Drucker

    In his latest column for Forbes online, Drucker Institute Executive Director Rick Wartzman writes about Peter Drucker’s approach as a management consultant. “Why was Drucker so in demand?” Wartzman asks. “What made him so good?” “For starter...
    Date2012.11.22 Views2077 file
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  7. The Oink, Oink Economy

    The trough can be a delightful place, provided you’re one of the diners. The trouble is, it’s not so delightful for the rest of us. Americans have had to watch as their taxpayer money has gone to subsidize agriculture, favored energy produce...
    Date2012.11.22 Views3943 file
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  8. Why a Turnaround Isn’t Auto-matic

    Even if you only tuned in to the Democratic convention this week for 30 seconds, you probably heard a reference to President Barack Obama’s rescue of the American auto industry—and the 1 million-plus jobs that have been saved as a result. Vi...
    Date2012.11.22 Views2583 file
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  9. In Praise of Praise

    Here’s this month’s piece from neuroeconomist Paul Zak. For those who might dismiss some of our thinking as the “soft side” of management, Paul puts “hard science” behind it. Generation Y may be the most coddled generation of Americans, acco...
    Date2012.11.22 Views1842 file
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  10. A Job—But Not a Living

    Just when we were feeling lousy because so many Americans remain out of work, we ran across this grim fact: Many of those who’ve been lucky enough to find a job in recent years are barely making any money. “A majority of jobs lost during the...
    Date2012.11.22 Views2191 file
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