The Drucker Library Peter F. Drucker on Technology Peter F. Drucker on Business and Society Peter F. Drucker on Management Essentials Peter F. Drucker on Nonprofits and the Public Sector Peter F. Drucker on Economic Threats Peter F. Drucker on Globalization Peter F. Drucker on Practical Leadership Peter F. Drucker on the Network Economy Copyright HBR Press Quantity Sales Discounts Harvard Business Review Press titles are available at significant quantity discounts when purchased in bulk for client gifts, sales promotions, and premiums. Special editions, including books with corporate logos, customized covers, and letters from the company or CEO printed in the front matter, as well as excerpts of existing books, can also be created in large quantities for special needs. For details and discount information for both print and ebook formats, contact [email protected], tel. 800-988-0886, or www.hbr.org/bulksales. Copyright 2020 Harvard Business School Publishing Corporation All rights reserved No part of this publication may be reproduced, stored in or introduced into a retrieval system, or transmitted, in any form, or by any means (electronic, mechanical, photocopying, recording, or otherwise), without the prior permission of the publisher. Requests for permission should be directed to [email protected], or mailed to Permissions, Harvard Business School Publishing, 60 Harvard Way, Boston, Massachusetts 02163. First eBook Edition: May 2020 ISBN: 978-1-63369-959-5 eISBN: 978-1-63369-960-1 CONTENTS Publisher’s Note Introduction: A Society of Organizations Part I Executive Agenda ONE Inflation-Proofing the Company TWO A Scorecard for Management THREE Helping Small Businesses Cope FOUR Is Executive Pay Excessive? FIVE On Mandatory Executive Retirement SIX The Real Duties of a Director SEVEN The Information Explosion EIGHT Learning from Foreign Management Part II Business Performance NINE The Delusion of Profits TEN Aftermath of a Go-Go Decade ELEVEN Managing Capital Productivity TWELVE Six Durable Economic Myths THIRTEEN Measuring Business Performance FOURTEEN Why Consumers Aren’t Behaving FIFTEEN Good Growth and Bad Growth SIXTEEN The “Re-Industrialization” of America SEVENTEEN The Danger of Excessive Labor Income Part III The Non-Profit Sector EIGHTEEN Managing the Non-Profit Institution NINETEEN Managing the Knowledge Worker TWENTY Meaningful Government Reorganization TWENTY-ONE The Decline in Unionization TWENTY-TWO The Future of Health Care TWENTY-THREE The Professor as Featherbedder TWENTY-FOUR The Schools in 1990 Part IV People at Work TWENTY-FIVE Unmaking the Nineteenth Century TWENTY-SIX Retirement Policy TWENTY-SEVEN Report on the Class of ’68 TWENTY-EIGHT Meaningful Unemployment Figures TWENTY-NINE Baby-Boom Problems THIRTY Planning for Redundant Workers THIRTY-ONE The Job as Property Right Part V The Changing Globe THIRTY-TWO The Rise of Production Sharing THIRTY-THREE Japan’s Economic Policy Turn THIRTY-FOUR The Battle Over Co-Determination THIRTY-FIVE A Troubled Japanese Juggernaut THIRTY-SIX India and Appropriate Technology THIRTY-SEVEN Toward a New Form of Money? THIRTY-EIGHT How Westernized Are the Japanese? THIRTY-NINE Needed: A Full-Investment Budget FORTY A Return to Hard Choices A Final Note: The Matter of “Business Ethics” Acknowledgments Index