‘Drucker Apps’ 8/17/10: Innovate or Die
The Drucker Institute at Claremont Graduate University today added a new topic to Drucker Apps, an ongoing conversation about bettering society through effective management and responsible leadership.
This latest addition to Drucker Apps was inspired by the recent announcement that Barnes & Noble was putting itself up for sale in the wake of waning profits due to stiff competition from electronic books. Taking part in the running dialogue on this topic will be will be KH Moon, the former chief executive of Korean consumer products company Yuhan-Kimberly; Cecily Drucker, principal of Start-Up Strategies, a consulting firm, and the daughter of Peter Drucker; and others with insight into creative destruction and innovation.
Peter Drucker advised that, in order to survive, companies needed to: “innovate or die.” He also wrote that, “Entrepreneurs see change as the norm and as healthy. Usually, they do not bring about the change themselves. But . . . the entrepreneur always searches for change, responds to it, and exploits it as an opportunity.”
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