What Business Can Learn from Nonprofits

by Peter F. Drucker

Editor’s Note: Peter F. Drucker is widely viewed as the father of modern management thinking. Over a career that spanned eight decades, he was a tireless teacher, consultant, and writer, omnivorous in his attention to both nonprofit and for-profit organizations. Drucker’s ideas remain startlingly relevant today. In writing so cogently about the burgeoning phenomenon of the “knowledge worker,” he was able to imagine with great accuracy how the balance of power would shift in organizations in the late 20th and early 21st centuries and how organizational structure, focus, and purpose would also change.

Nonprofit management is not often held up as an exemplar for corporate leaders. Yet ...

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