An examination of the central trends and developments of the next decades and the problems and opportunities they present.

Even in the flattest landscape there are passes where the road first climbs to a peak and then descends into a new valley. Most of these passes are simply topography with little or no difference in climate, language, or culture between the valleys on either side. But some passes are different: they are true divides. History too knows such divides. Once these divides have been crossed, the social and political landscape changes; the social and political climate is different, and so is the social and political language. Some time between 1965 and 1973 we passed over such a divide and entered "the next century." Challenging, insightful, and provocative, Peter Drucker's "The New Realities" anticipates the central issues of a rapidly changing world. When it was initially published, in 1989, some reviewers mistakenly thought "The New Realities" was a book about the future, or in other words, a series of predictions. But, as indicated in the title, the book discusses "realities." Drucker argues that events of the next thirty to forty years, or even further on, had already largely been defined by events of the previous half-century. Thus, Drucker discusses episodes in world history that had not yet happened at the time of the book's initial publication, such as: the archaism of the hope for "salvation by society" in "The End of FDR's America"; the democratization of the Soviet Union in "When the Russian Empire is Gone"; the technology boom of the 1990s in "The Information-Based Organization"; and the evolution of management in "Management as Social Function and Liberal Art." Graced with a new preface by the author that discusses both reactions to the original publication of the book and how important it is for decision-makers to consider the past and present when planning for the future, "The New Realities" is mandatory reading for understanding politics, government, the economy, information technology, and business in an ever-changing world.

This collection of Peter F. Drucker's essays explores the intersection between society, politics, and economics. Despite this lofty goal, however, the essays themselves remain down to earth, highly readable, and full of stories and ideas that make us think differently about the business world around us. The majority of these essays were written in the 1960s, and in them Drucker specifically examines that turbulent decade, yielding conclusions that are as timeless as they are fresh. He places the merger mania of the decade in the context of business history of the twentieth century, and arrives at fundamental questions about mass market economies. He questions the personal and political values of 1960s adolescents, and ends up relating them to the concurrent rise of big complex modern institutions. He examines with equal vigor Japan's management successes, the role of politics and economics in American identity, and the "real" Kirkegaard.

A collection of Peter Ferdinand Drucker's legendary essays on business, management, economics and society, written between 1972 and 1980. They reflect an international viewpoint and are concerned with what Drucker called "social ecology" and especially institutions - governments, organized science, business or schools. This hardcover release is being published as part of the Harvard Business Press Drucker Library.