How management is being transformed: Drucker Forum insights

Abstract

Purpose

A report on a management conference with a notable history of showcasing world leading firms—the Global Peter Drucker Forum—which met in the Imperial Palace in Vienna Austria for its eleventh annual get-together, this time on the overall theme of “the power of ecosystems.”

Design/methodology/approach

The report presents the highlights of the presentations by a number of the top leaders of the world's leading companies, all of which are experimenting with new ways of transforming management to foster innovation.

Findings

The most important things about ecosystems are their stability, their inter-operability and their ability to adapt to and accept change.

Practical implications

In a world where the life expectancy of competitive advantage was getting shorter, innovation and strategy—once very separate—are joining hands.

Originality/value

The report encourages managers at all levels to pay attention to the management experiments going on at leading firms which are adopting the ecosystem model.

Citation

Denning, S. (2020), "How management is being transformed: Drucker Forum insights", Strategy & Leadership, Vol. 48 No. 2, pp. 18-23. https://doi.org/10.1108/SL-12-2019-0175