The Question Looming at Apple: Who’s Next?

With Apple Chief Executive Steve Jobs headed out again on medical leave and some speculating that he may not return—at least not in the same role—the world can’t help but wonder: What is the company’s succession plan? As we’ve noted, Peter Drucker had strong feelings on the subject of succession. A company’s “survival,” Drucker asserted in […]

Zuckerberg’s Mental Hardware

In naming Facebook founder Mark Zuckerberg its Person of the Year, Time magazine pointed to the profound impact that his company now has. “In less than seven years, Zuckerberg wired together a twelfth of humanity into a single network, thereby creating a social entity almost twice as large as the U.S.,” Time noted. “If Facebook […]

Finding Drucker—and Fast

“There is only one valid definition of business purpose: to create a customer,” Peter Drucker declared. This week, in a dispatch from Tokyo, Bloomberg explores how Tadashi Yanai, the CEO of Japan’s Fast Retailing Co., is trying to recapture that simple—but often elusive—principle at his clothing company. “Drucker is not only my management professor, but […]

Guns and Gadgets

A conflict is erupting over “conflict minerals.” Large retailers such as Best Buy, Costco, Wal-Mart and Target are reportedly seeking to limit a requirement within this year’s Dodd-Frank financial law that may require them to report whether their store-brand products contain conflict minerals from Central Africa. The provision in the law is part of an effort to […]

Above All, Do No Harm

Peter Drucker always had mixed feelings about corporate whistle-blowing, likening the practice to “informing” and maintaining that its encouragement can break down fundamental bonds between supervisor and employee. “Whistle-blowing,” he asserted, “is ethically quite ambiguous.” Still, there is little doubt that Drucker would have had few qualms about the actions taken by former GlaxoSmithKline quality-assurance […]