1. Applied Social EcologyInnovation & Change From Drucker’s Lost Art of Management Joseph A. Maciariello and Karen E. Linkletter

2. A Functioning Society through Continuous Innovation It was Drucker’s master project to create a blueprint for a moral society of well managed institutions that could fulfill human needs for belonging and status. Drucker saw change and continuity as a continuum and believed that society needs both in an appropriate balance. The role of conserving and destabilizing institutions is to maintain the balance through stability, innovation and entrepreneurship.

3. Systematic Innovation / Peaceful Continuity Drucker disagreed with Thomas Jefferson that “every generation needs a new revolution” to rid itself of tyrannical abuses of power. He preferred systematic innovation by every institution of society and peaceful continuity with past as alternatives to revolution. His primary focus was on ensuring that private sector institutions were well managed. Drucker turned Schumpeter’s process of “creative destruction” into an explanation for the moral value of profit.

4. Peter Drucker’s 7Sources of Innovation

7. The needs of pension beneficiaries in defined-benefit and defined-contribution plans are long term, so the goals of the firm must reflect that timeframe.

8. How can the problem of aging “baby boomers” and the pending Social Security crisis be solved?

10. The debate over health care is forcing the American people to address the question of medical treatment and its costs.

12. This definition is; “a system, the parts of which are human beings contributing voluntarily of their knowledge, skill, and dedication to a joint venture”.

14. Chapter 8 Take Aways Drucker, the social ecologist, recognized that change and discontinuity were a given part of existence and that individuals, organizations and nations must recognize this fact in order to survive and prosper. The social ecologist seeks to extrapolate these great changes into the future, and uncover opportunities. Against all this change comes the increased need to be vigilant.