"Free enterprise cannot be justified as being good for business; it can be justified only as being good for society.”- Peter F. Drucker
Claremont, Calif. (PRWEB) May 1, 2010
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 looks at the Goldman Sachs scandal not from a legal standpoint but, rather, with an eye on the firm’s responsibility to provide products of social value.
Taking part in this running dialogue will be regulatory and financial experts, as well as those who’ve been closely tracking all the drama on Wall Street, including Matthew Bishop, co-author of The Road from Ruin: How to Revive Capitalism and Put America Back on Top.
As with every installment of Drucker Apps, this online dialogue is informed by the words of Peter F. Drucker, the father of modern management. In this way, Drucker Apps ties the timeless wisdom of one of the great thinkers and writers of the 20th century to the hottest issues of today, all delivered by the latest in 21st-century technology.
“None of our institutions exists by itself and is an end in itself,” Drucker wrote in his 1973 classic Management: Tasks, Responsibilities, Practices. “Every one is an organ of society and exists for the sake of society. Business is no exception. Free enterprise cannot be justified as being good for business; it can be justified only as being good for society.”
We invite you to join our Drucker Apps conversation about Goldman’s conduct. We open things up with this question: Does business always need to serve a social purpose and, if so, did something go awry at Goldman? To participate, please visit: http://apps.druckerinstitute.com.
About the Drucker Institute
The Drucker Institute at Claremont Graduate University is a think tank and action tank whose purpose is to better society by stimulating effective management and responsible leadership. It does this, in large part, by advancing the ideas and ideals of Peter F. Drucker, the father of modern management.
The Institute acts as a hub for a worldwide network of Drucker Societies: volunteer-driven organizations that are using Drucker’s teachings to bring about positive change in their local communities.
In addition, the Institute maintains a digital archive of Drucker’s papers; undertakes research that builds on Drucker’s writings; offers an annual $100,000 prize for nonprofit innovation; produces curricular material that distills Drucker’s decades of leading-edge thinking, including a management training system called Drucker Unpacked; applies Drucker’s work to current events (through a regular online column in Bloomberg Businessweek by Institute Executive Director Rick Wartzman and through a social media tool called Drucker Apps); and hosts visiting fellows with Drucker-like insights and values.
The Institute is a close affiliate of the Peter F. Drucker and Masatoshi Ito Graduate School of Management, which is training the next generation of leaders and managers to do good while they do well.
For more on the Drucker Institute, please visit: http://www.druckerinstitute.com.
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