What Peter Drucker Knew About 2020

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Harvard Business Review:

For Drucker, the newest new world was marked, above all, by one dominant factor: “the shift to a knowledge society.”

Originally posted on HBR Blog Network - Harvard Business Review:

When PwC released its annual survey of corporate chief executives for 2014, it was immediately obvious that change is on leaders’ brains: “As CEOs plan their strategies to take advantage of transformational shifts,” the consultancy reported, “they are also assessing their current capabilities – and finding that everything is fair game for reinvention.”

It’s no wonder why.

“Every few hundred years throughout Western history, a sharp transformation has occurred,” Peter Drucker observed in a 1992 essay for Harvard Business Review. “In a matter of decades, society altogether rearranges itself – its worldview, its basic values, its social and political structures, its arts, its key institutions. Fifty years later a new world exists. And the people born into that world cannot even imagine the world in which their grandparents lived and into which their own parents were born. Our age is such a period of transformation.”

For Drucker…

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Xiaomi, Not Apple, Is Changing the Smartphone Industry

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Originally posted on HBR Blog Network - Harvard Business Review:

Determining which customer to target first is one of the most critical decisions in the entrepreneurial process.  Customers that are relatively less risky and more predictable can make it easier for new to firms gain a market foothold. One such set of customers is the nascent middle class in emerging economies.

Why? First, as their financial situation improves they are anxious to buy new things. Not quite able to afford the top brands, they’re nevertheless willing to pay a little more for something they perceive might be close. Second, because they can’t yet afford the high-margin top brands, they’re not all that attractive to incumbents worried about generating enough cash to cover their high fixed and variable costs. So they exist in a sweet spot from an entrepreneur’s point of view: rich and numerous enough to fuel a start-up’s growth and also poor enough not to spur incumbents to respond.

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These Traffic Lights Predict Your Behavior To Give You A Speedier Commute – [fastcoexist.com]

These Traffic Lights Predict Your Behavior To Give You A Speedier Commute | Co.Exist | ideas + impact

There should be a German word for that feeling when you desperately need to be somewhere on time, and the traffic lights seem like they’re conspiring against you. When the greens feel especially short, the reds especially long, and both appear as if they’re in cahoots to keep you idling.

It’s not a conspiracy, but it is something called fixed time control. Most intersections, if they don’t have embedded sensors under the road, abide by traffic light timing determined by observed data from years or months past. Fixed time control based on historical data is usually pretty accurate for specific intersections, but what if entire cities coordinated their traffic lights to cut down on mass commute times and fuel use?

via These Traffic Lights Predict Your Behavior To Give You A Speedier Commute | Co.Exist | ideas + impact.

Miss a Payment? Good Luck Moving That Car – [NYTimes.com]

The thermometer showed a 103.5-degree fever, and her 10-year-old’s asthma was flaring up. Mary Bolender, who lives in Las Vegas, needed to get her daughter to an emergency room, but her 2005 Chrysler van would not start.

The cause was not a mechanical problem — it was her lender.

Ms. Bolender was three days behind on her monthly car payment. Her lender, C.A.G. Acceptance of Mesa, Ariz., remotely activated a device in her car’s dashboard that prevented her car from starting. Before she could get back on the road, she had to pay more than $389, money she did not have that morning in March.

via Miss a Payment? Good Luck Moving That Car – NYTimes.com.

It was great having you, magazines. Let’s just say goodbye now

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plerudulier:

“Magazine still do come in handy tho when your battery of your tech is low. And sometimes the resolution on paper magazines is just better on the eyes as is the reading. Giving oneself a rest from tech is rather good.”

Originally posted on Gigaom:

The announcement came one day in 1992, when I was eight, and was momentous enough in my household that I actually answered the phone with “Tina Brown became editor of the New Yorker!”

This is seared in my mind now as one of the most cringe-worthy things I did in childhood. Yet I’m telling you about it to provide evidence that I grew up surrounded by print magazines and a belief in their importance; so that now, when I talk about my increasingly sad relationship with magazines, you’ll believe that I’m not simply dismissing them out of hand, Millennial-style.

Magazines have been an important part of my reading and regular life, but they aren’t like books, where I actually can’t imagine what both my life and the entire course of human history would look like without them. For all of the debates about publishers and Amazon and so on, I don’t…

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Why History Should Replace Economics in the 21st Century – [io9.com]

Fifty years ago, historians advised politicians and policy-makers. They helped chart the future of nations, by helping leaders learn from past mistakes in history. But then something changed, and we began making decisions based on economic principles rather than historical ones. The results were catastrophic.

Photograph of dust bowl survivors, by Dorothea Lange

According to historians David Armitage and Jo Guldi, authors of a new book called The History Manifesto, historians ceded authority to economists by losing their long view. They stopped studying broad stretches of time, refused to analyze long-term trends over centuries or even millennia. Instead, according to Armitage and Guldi, they gave in to “short-termism,” focusing on obscure moments in history that weren’t relevant to the public sphere.

via Why History Should Replace Economics in the 21st Century.

We Can Be Heroes – [thenewinquiry.com]

By associating itself with the selfish pleasures of visibility, the wearable camera GoPro has staved off criticism for how it enhances surveillance

In On Photography, Susan Sontag laments the disconnected voyeurism photography produces. “Photographs are a way of imprisoning reality,” she declared. Watching people stare at their phones rather than the world around them suggests that she was spot on. Capitalizing on that widely held impression, the thriving camera company GoPro sells a different view: Cameras don’t have to imprison reality; they can encourage you to engage with the world as fully as possible — all while documenting it, of course.

via We Can Be Heroes – The New Inquiry.

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