‘Drucker Apps’ 4/30/10: Off-Track Betting

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.”

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