Drucker on social sector

1
Drucker on social sector

• For most of his career, Peter F. Drucker was
  renowned as an expert on business management,
  whose books and articles were widely read, and
  advice widely sought, by corporate leaders
  throughout the world. But late in his life, he
  turned his attention to the nonprofit world,
  writing a best-selling guide to running
  charitable groups and creating a foundation
  bearing his name to strengthen leadership in what
  he called the "social sector."

2

• On the verge of being expelled because of his
  writings, he moved to London and then to the
  United States, where he published his first book,
  The End of Economic Man The Origins of
  Totalitarianism. Its theme, which would form the
  cornerstone of his thinking for the rest of his
  career, was that the rise of fascism reflected
  the hollowness of the old commercial order.

3

• Capitalism, he argued, was good at producing
  economic development, but its failure to
  establish equality by economic freedom
  undermined its legitimacy as a social system. In
  its place, the public rushed toward what Mr.
  Drucker saw as the bankrupt ideology of
  socialism, in both its German and Russian
  varieties, hoping for more satisfying results.

4

• Non profits need management even more than
  business does, precisely because they lack the
  discipline of bottom-line.
• Non-profits are dedicated to doing good