Peter Drucker

"Since we live in an age of innovation, a practical education must prepare a man for work that does not yet exist and cannot yet be clearly defined." - Peter Drucker
More Business and Management

Workplace stress

Employee and management stress costs companies billions of dollars annually through increased absenteeism, lack of enthusiasm for the job, and poor performance. According to several industry surveys, the following factors cause the most stress in the workplace: unclear policies and direction, failure to show appreciation, lack of communication, and lack of control.
More Business and Management

U.S. national debt

The national budget of the United States has recorded only four annual surpluses in the years since 1970. The total U.S. national debt is approaching ten trillion dollars with annual interest costs running in the hundreds of billions of dollars. Some economists see further future pressure in the face of pending government programs, increasing trade deficits, and further economic globalization.
More Business and Management

Tender offers

A tender offer is an unsolicited bid by one company to purchase another. The buying group usually offers a premium share price to encourage current shareholders to sell their shares. Tender offers may be friendly or unfriendly. The Securities and Exchange Commission requires any company or individual acquiring 5% of a company to disclose information to the SEC, the target company and the exchange.
More Business and Management

Business incubators

The first business incubator was opened in Batavia, New York in 1959. The concept of providing business assistance services to early-stage companies in shared facilities did not catch on with many communities until the late 1970s. By 1980 there were twelve business incubators operating in the U.S. Incubator development grew from about 20 openings annually in 1984 to more than 70 in 1987.
More Business and Management

Psychological pricing

Psychological pricing is a marketing practice based on the theory that certain prices have a psychological impact. Two common forms of psychological pricing are odd pricing and prestige pricing. Odd pricing ends prices with an odd number. Prestige pricing sets prices at an artificially high level for perceived prestige or quality.
More Business and Management

Patents

IBM has led all other companies in receiving patents for the past fifteen years. IBM held number one again in the latest patent rankings with a total of 3,148 patents. Big Blue was followed by Samsung, Canon, Matsushita and Intel. Microsoft made the top ten for the first time. Overall, 80% of the top 35 patent receiving organizations were down from the previous year.
More Business and Management