Drucker's Theory of the Business

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Peter F. Drucker's article, "The Theory of the Business," starts by describing what he means by that term(the assumptions that an organization is built on. He then recounts the surprising downturns of fortune in two of industry's most successful companies(GM and IBM(that occurred after their theory of the business "no longer fit reality" (Drucker, 1994, p. 95). IBM, for example, had long been highly successful in the mainframe business. When the PC came al

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Approximate Word count = 314
Approximate Pages = 1 (250 words per page)

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