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A day with Peter Drucker, George Washington University part III
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A day with Peter Drucker, George Washington University part III
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Title
A
day
with
Peter
Drucker
,
George
Washington
University
part
III
Creator
Drucker
,
Peter
F
.
(Peter
Ferdinand)
,
1909-2005
Contributors
George
Washington
University
Subject - LCSH
Drucker, Peter F. (Peter Ferdinand), 1909-2005
George Washington University
Management
Business enterprises
Business
Business administration
Family-owned business enterprises
Families
Lectures and lecturing
Description
Peter
F
.
Drucker
holds
a
question
and
answer
session
about
small
and
large
businesses
,
specifically
, what to
do
when
a
small
business
grows
, as
well
as what to
do
with an
organization’s
excess
cash
. He
discusses
if
it
is
wise
to
hire
the
son
to
run
the
family
business
;
which
age
groups
in
business
will be the
most
dominant
; the
growing
and
extended
life
of the
older
population
; what to
do
with a
founder
of a
company
who
does
not
realize
he has to
change
; the
role
of
management
and
employees
within
an
organization
; and the
future
of
business-which
three
aspects
will
change
the
most
. With
respect
to the
growth
of a
small
business
, he
says
it
depends
on the
size
of the
market
. For
smaller
markets
with
few
entrepreneurs
,
it
is
best
to
diversify
to
gain
greater
wealth
. For
larger
markets
, the
business
must
concentrate
its
product
or
service
. If there
is
excess
cash
,
it
is
best
to
return
money
to the
shareholders
.
Regarding
what to
do
with a
son
running
the
family
business
, he
says
he
must
prove
himself
outside
of the
organization
. The
largest
age
groups
that will be the
most
dominant
include
working
men
and
women
in their
mid-30s
and
up
.
However
, this
is
complicated
because
these
career
professionals
have
families
, and their
children
need
their
parents
. The
next
largest
age
group
is
the
older
population
(senior
citizens)
.
Senior
citizens
are
financially
stable
because
their
children
are
grown
up
and the
mortgages
are
paid
off
, but their
largest
expense
is
their
medical
bills
.
Because
older
people
are
living
longer
,
one
of the
fears
of the
older
population
is
that they will
outlive
their
financial
resources
, and they
must
depend
on their
children
. With
respect
to the
founder
of the
company
who
does
not
want
to
change
, an
employee
ultimately
cannot
do
anything
, and
rather
he or she should
leave
the
company
, and
definitely
not
wait
.
Regarding
the
role
of
human
capital
in a
business
,
one
of the
most
important
things
a
business
controls
is
the
allocation
of
people—an
organization
must
place
its
people
where
they
can
make
the
biggest
contribution
.
Lastly
, the
industries
that will
change
the
most
include
:
manufacturing
,
finance-foreign
exchange
, and
personnel
.
Publisher
The Drucker Archives
George Washington University
Language
eng
Source
Color videocassette: George Washington University lecture series; Tape 3 of 3; ¾ inch VHS cassette.
Collection
Drucker
Archives
-
http://ccdl.libraries.claremont.edu/col/dac
Rights
All rights are retained by The Drucker Institute. For permission to use this item, contact The Drucker Institute,
http://www.thedruckerinstitute.org
Type
Moving Image
Format
video/f4v
Running time
00:17:28
Object File Name
dac01666
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