UPLB Lecturer Chad Patrick Osorio tops the managers and entrepreneurs category of the 2022 Peter Drucker Challenge, a global essay competition held by the Peter Drucker Society Europe.
Osorio, an alumnus of the UP College of Law, is current Senior Lecturer at the UPLB College of Economics and Management. At the Department of Economics, he teaches introduction to economics, environmental economics, microeconomic theory, and economic analysis of law. Concurrently, he is also a PhD candidate for economics and law at Wageningen University and Research in the Netherlands.
The Challenge is named for Peter Drucker, an internationally-renowned management consultant and thought leader, who has been described as the “founder of modern management.” Top 10 winners are invited on an all-expense paid trip to Vienna, Austria for the awarding ceremony during the Gala Night at the Hofburg Imperial Palace.
This year, the Peter Drucker Challenge asked hundreds of participants from around the world: what is the future of the passion economy? The winners are a diverse set, representing all major continents, including Europe, the United States, South and Southeast Asia, Africa, New Zealand, and Latin America.
Osorio, in his winning essay “The Drucker Guide to the Passion Economy”, lays out an economic analysis of the passion economy as an amalgam of the creative economy, the gig economy and the knowledge economy. He cites Drucker, Nobel Prize winner George Stigler and eminent psychologist Abraham Maslow, among others, to encourage young people from around the world to explore their passions and aim for excellence in everything they do.
Osorio is no stranger to winning international competitions.
In fact, this is not the first time that Osorio has won the Drucker Challenge. In 2019, when he was still a full scholar of the French government, he gained 4th place globally in the Student Category. In that essay, Osorio talked about the Interrogative Soul, drawing his insights from philosophers like Aristotle, Alexander the Great and Sun Tzu, as well as his personal and professional experiences as an international youth leadership advocate.
In 2017, he bagged the Brilliance Prize of the Eisaku Sato Essay Competition, an international essay tilt supported by the United Nations University and Prime Minister Sato’s Nobel Peace Prize. He is the first Filipino winner of the contest in its more than three decades of existence.
As a photographer, he has also won a number of international photocompetitions, and has had his artworks exhibited with a number of well-known institutions, including Harvard University, the UN Conference of Parties in Bonn, Germany and the British Council, among others.
Aside from the all-expense paid trip, Osorio will receive €2000 (Php 115,000) and a one-year all-access subscription to the Harvard Business Review.