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The paper aims to explore themes in Drucker's work which provide messages for current turbulent times. Based on a literature review of both Drucker's work and contemporary studies in the field of complexity theory the paper's aim is to explore turbulence as a feature of levels of agreement for objectives and predictability of outcome. Drucker's concept of management as a social enterprise is seen as central together with his warning that the tools and techniques of management should not obscure its purpose.

The paper provides a literature review and a brief case study. The review identifies that contemporary complexity theory can be used to explore Drucker's work on turbulence. The case study shows how approaches based on dialogue can enable conflicting objectives to be explored and agreed outcomes achieved.

The paper concludes that in turbulent times Drucker's concept of management as a social enterprise forms a core framework that can be used within complex situations to agree objectives through dialogue.

This paper uniquely links Drucker's work with contemporary complexity theory.

Examines the use of faculty‐directed management consulting projects as a core educational experience in an Australian MBA programme. Presents evaluations of the utility of such an approach from both the client and student viewpoint. Examines some of the difficulties, particularly as regards the intensive nature of the learning experience and the essential tension associated with trying to satisfy the needs of both students and project clients. Concludes that, on balance, it represents a valuable addition to the education armoury of a business school, providing for high quality learning and client recommendations.

The political philosophy of American federalism was a critical influence on the work of Peter Drucker. Drucker drew on federalist ideas to devise ways to distribute and check power within organizations, curbing the darker side of human nature. In this article, the authors aim to discuss the history of federalism, and to demonstrate how Drucker used that philosophy to shape his own management theories. The article also seeks to provide suggestions for applying federalist principles to today's organizations.

Drucker's own writings, as well as historical primary sources, are analyzed to illustrate the influence of federalism. The authors use specific examples from Drucker's own work, including his study of General Motors and his concept of management by objectives, to illustrate how federalism informed Drucker's vision for a functioning society of institutions.

Although Drucker has been criticized as a utopian, he, like the federalists and their philosophical forefathers, grappled with the role and nature of virtue in society, the balance between individual liberty and the greater good, and the need for checks and balances on power. As evidenced by Drucker's work, federalism offers a potential solution to today's organizations for managing complex networks and alliances, as well as creating an effective top‐management team.

Future research into the applicability of federalism to contemporary organizations is suggested.

This paper provides an in‐depth analysis of the impact of federalist principles on Drucker's work, and offers specific suggestions for applying federalism to managing organizations today. It provides an important connection between the discipline of management and the liberal arts.

The aim of this paper is to introduce this special issue of Management Decision by exploring the themes of the issue and the contribution of each of the articles in the collection.

The paper reviews notions of ethics, justice and responsibility. It then uses the framework developed through this review as the basis for an appreciation of the articles that constitute the issue.

Finds that it is an important reminder to managers and employees who constitute the entities to which “responsibility” is generally attached, that responsibility, ultimately, is irreducible beyond the individual, who cannot simply “follow orders”.

This article provides an introduction to, and suggests an overarching framework for, this special issue on questions we ask about ethics in a global marketplace.

The purpose of this paper is to provide an overview of the field of human resource management (HRM) in China, with insights drawn from recent times to several millennia earlier, with a view to informing the further work that needs to be done to better understand managing people in China.

The authors examined Chinese ancient texts related to people management and drew on reviews of HRM research in China since the establishment of the People's Republic of China in 1949 till current times, to draw lessons for HRM in China today and for the future.

The 2,500 year gap that separates the literatures studied as part of this review cannot hide the striking similarities between the conceptual views about the importance of people and their management in the two periods. Yet, there remains a lack of empirical studies of the Chinese style of HRM practices. The majority of recent research in the field of HRM in China is focussed on comparison between HRM practices in various types of enterprises operating in China and those in the west, with the apparent aim of better understanding the latter rather than the former.

As China is rapidly becoming a key global player, and its enterprises represent an increasing share of the global market, it is crucial to understand how Chinese firms have managed their people at home and globally to achieve performance outcomes. Are there lessons other firms, especially those in emerging markets could learn? What are the implications for building global management and organisational knowledge? This paper provides some directions for future research about HRM in China, which may help gain a better understanding of the Chinese style of management and further develop management and organisation theories in the China context.

The purpose of this paper is to understand how built environment professionals approach the valuation of flood risk in commercial property markets and whether insurance promotes mitigation in different insurance and risk management regimes, draw common conclusions and highlight opportunities to transfer learning.

An illustrative case study approach involving literature search and 72 interviews with built environment professionals, across five countries in four continents.

Common difficulties arise in availability, reliability and interpretation of risk information, and in evaluating the impact of mitigation. These factors, coupled with the heterogeneous nature of commercial property, lack of transactional data and remote investors, make valuation of risk particularly challenging in the sector. Insurance incentives for risk mitigation are somewhat effective where employed and could be further developed, however, the influence of insurance is hampered by lack of insurance penetration and underinsurance.

Further investigation of the means to improve uptake of insurance and to develop insurance incentives for mitigation is recommended.

Flood risk is inconsistently reflected in commercial property values leading to lack of mitigation and vulnerability of investments to future flooding. Improvements are needed in: access to adequate risk information; professional skills in valuing risk; guidance on valuation of flood risk; and regulation to ensure adequate consideration of risk and mitigation options.

The research addresses a global issue that threatens local, and regional economies through loss of utility, business profitability and commercial property value. It is unique in consulting professionals across international markets.

Improved management of commercial property at risk from flooding may result from well-targeted advice from built environment (BE) professionals, such as surveyors, valuers and project managers. However, research indicates that the role of these professionals in providing such advice is currently limited for a variety of reasons. This paper aims to investigate the (perceived and real) barriers and opportunities for providing such advice in a number of international locations. In particular, the research sought greater understanding of the link between regulation and guidance; perceived roles and capacity; and training and education needs.

To cover different international settings, an illustrative case study approach was adopted within the selected countries (Australia, UK, USA, China and Germany). This involved a qualitative approach using semi-structured interviews of BE professionals with experience of advising on commercial properties at risk of flooding. Due to the specific nature of these interviews, a purposive sampling approach was implemented, leading to a sample of 72 interviews across the five international locations.

Perceived barriers were linked to regulatory issues, a shortage of suitably experienced professionals, a lack of formal guidance and insurance requirements. BE professionals defined their roles differently in each case study in relation to these factors and stressed the need for closer collaboration among the various disciplines and indeed the other key stakeholders (i.e. insurers, loss adjusters and contractors). A shortage of knowledgeable experts caused by a lack of formal training, and education was a common challenge highlighted in all locations.

The research is unique in providing an international perspective on issues affecting BE professionals in providing robust and impartial advice on commercial property at risk of flooding. While acknowledging the existence of local flood conditions, regulatory frameworks and insurance regimes, the results indicate some recurring themes, indicating a lack of general flood risk education and training across all five case study countries. Learning across case studies coupled with appropriate policy development could contribute toward improved skills development and more consistent integration of BE professionals within future flood risk management practice, policy and strategy.