Monday, November 28, 2005


Peter Drucker

Peter Drucker, the very insightful management guru who believed in entrepreneurship, passed away earlier this month. Steve Forbes wrote an interesting piece in the Wall Street Journal about him. Here are a few things I think are worth mentioning.

Over two decades ago, Mr. Drucker wrote: "The economy is forever going to change and is biological rather than mechanistic in nature. The innovator is the true subject of economics. Entrepreneurs that move resources from old and obsolescent to new and more productive employments are the very essence of economics and certainly of a modern economy..."

Forbes wrote, "No surprise he long recognized the importance of entrepreneurs: 'All great change in business has come from outside the firm, not from inside.'"

Drucker also foresaw issues with the Japanesse economy and placed blame on their (Forbes quote)"...aging population and lack of vigorous entrepreneurship..."

In conclusion, I believe Peter Drucker would have liked Biz4Kids. He would understand the importance of teaching these lessons to our future leaders at a young age. Read Drucker when you have time.

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