Summary

Exploring the future of management thinking and practice, this study revolves around two fundamental issues that are occurring simultaneously: changes in the world economy, and shifts in the practice of management. These developments, especially in developed countries, are crucial in exploring and understanding the challenges of the future. It focuses in on the key questions for all businesses: what are the new realities and what new policies are required of companies and executives in order to deal with these changes? Facing a whole swathe of issues head-on, Peter F. Drucker offers an informed analysis that should help executives to build a proactive strategy for the future.