The Fifth Discipline
Author: Peter Senge
Genre: Management
“The Fifth Discipline: The Art and Practice of the Learning Organization” was largely responsible to catapult the “Learning Organization” as the management fad of the 90s, and HBR called it out as one of the seminal management books of the last 75 years. It is written by Peter Senge, a Prof at MIT who was named ‘Strategist of the Century’.
The author believes that most of today’s companies, including the people therein, have a “learning disability” – they simply fail to see abundant evidences of forthcoming trouble. Not surprisingly then, a survey found that a third of Fortune 500 companies in 1970 had simply vanished by 1983 and that the average lifetime of the largest industrial companies is only 40 years, roughly half of a human lifespan!
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