It’s time to move on from the Industrial Revolution.
Peter Drucker observed decades ago that large organizations and institutions are among the “constitutive-elements” of modern society — pillars, if you will, to uphold the values and provide the benefits people hold dear — and given their growing scale this is more true today than ever. But the measures at the heart of today’s management fundamentally misdirect those who are supposed to act as their stewards. This is a situation that cannot endure. Corporations operate at the behest of societies, and are able to do so only because of great privileges conferred on them (not least their very status as legal-entities). The reciprocal duty of care to society is therefore not a charitable option, but a fundamental-obligation of management.