There are already thousands of managers who are avid readers of Peter Drucker's books, this revised "Classic Collection" will establish many more. "Management Challenges in the 21st Century" looks afresh at the future of management thinking and practice. The content revolves around two fundamental issues that are occurring simultaneously: changes in the world economy, and shifts in the practice of management. These developments, especially in developed countries, are crucial in exploring and understanding the challenges of the future. This volume focuses on the key questions for all business: What are the new realities? What new policies are required of companies and executives in order to deal with these changes. Facing a whole swathe of issues head-on in his usual clear-sighted style, Drucker offers up a prescient and informed analysis that will help every executive to build a proactive strategy for the future. This is a timeless classic from Peter F. Drucker, one of the world's leading management thinkers. It deals with the pressing challenges facing all organizations in the 21st century. It is an essential management tool for today's practitioner.