Elephants vs. Mice

Today’s announcement that the conglomerate ITT Corp. is planning to split itself into three companies has observers suggesting that in the corporate world these days, bigger isn’t necessarily better. “More and more companies are coming to the conclusion that it’s better to be smaller and nimble than a slow-moving Leviathan,” CNNMoney declared on the heels […]

The Value of Facebook

Is Facebook really worth $50 billion? That’s been a question on a lot of people’s minds this week, as word spread that Goldman Sachs and the Russian investor Digital Sky Technologies had ascribed that value to the social-networking company by buying high-priced stakes in it. Investors are betting, of course, that Facebook will be able to […]

Drucker and the Tax Deal

It’s difficult to know just what Peter Drucker would have made of the tax deal reached by President Obama and now facing an uncertain fate on Capitol Hill. Drucker, after all, was very hard to pin down politically, characterizing himself “sometimes as a liberal conservative and sometimes as a conservative liberal but never as a […]

Engineering vs. Financial Engineering

In 1981, Peter Drucker famously asked Jack Welch, who had just been named General Electric’s CEO, a couple of simple questions: “If you weren’t already in this business, would you enter it today? And, if the answer is no, what are you going to do about it?” This led Welch to a key strategy: If […]

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 […]

The Profit Motive

The Commerce Department’s announcement last week that corporate profits hit an all-time high in the third quarter—coming in at an annual rate of $1.659 trillion—would likely have left Peter Drucker wondering one thing: When will all of this dough accrue to the greater good? Drucker was never shy about stressing that businesses need to make money—and […]

From Sin City to Green City?

Las Vegas has suffered more than most cities during the economic downturn.  With fewer visitors spending less on leisure activities, including gambling, Sin City now has the highest unemployment rate of all big metro areas, as well as a foreclosure rate five times the national average. As a result, Vegas is now trying to diversify […]

Go East, Young Man

In the same week that President Obama traveled to India on an economic mission, we heard this intriguing Public Radio International story about American workers moving to India to take advantage of that nation’s boom economy and to escape the relentless joblessness in the United States. The radio story wouldn’t have surprised Peter Drucker, who […]