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Peter Drucker

Peter Ferdinand Drucker lived from 1909 to 2005. He was widely considered the father of modern management. Drucker wrote 39 books and countless articles exploring how humans are organized in business, government, and nonprofits. He introduced important management concepts like decentralization, treating workers as assets, and emphasizing substance over style. Drucker is renowned for his body of work providing insights into social and organizational workings that were often later proven right by history.

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Jeffrey Beloy
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660 views13 pages

Peter Drucker

Peter Ferdinand Drucker lived from 1909 to 2005. He was widely considered the father of modern management. Drucker wrote 39 books and countless articles exploring how humans are organized in business, government, and nonprofits. He introduced important management concepts like decentralization, treating workers as assets, and emphasizing substance over style. Drucker is renowned for his body of work providing insights into social and organizational workings that were often later proven right by history.

Uploaded by

Jeffrey Beloy
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PPT, PDF, TXT or read online on Scribd
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 Peter Ferdinand Drucker lived from

 November 19, 1909-November 11,


2005.
 He was a writer, consultant, economist
and widely considered to be the father
of “Modern Management”.
 work as a management consultant
,educator and consultant
 He wrote about 39 books and
countless popular articles which
explored how humans are organized
across all sectors of society-in business,
government and non profit world.
 Drucker then traveled to Frankfurt where
he worked as a financial writer. In 1931, he earned his
doctorate in public law and international relations from
the University of Frankfurt.
 He moved to London where he worked as a
securities analyst for an insurance company, then an
economist for a small bank.
 Drucker worked as a correspondent for
British financial publications before becoming an
economics professor at Sarah Lawrence College in
Bronxville, New York. Later, he taught at Bennington
College, in Vermont.
 After secondary school, Drucker moved to
Hamburg, Germany and worked as a clerktrainee
for an export firm while enrolled
 Drucker introduced the idea of decentralization-1940.
 He was the first to assert that workers should be treated as
assets and not as liabilities to be eliminated. He originated the
view of the corporation as a human community-1950.
 He argued for the importance of substance over style, for
institutionalized practices over charismatic, cult leaders-1960.
 He wrote about the contribution of knowledge workers-1970.
 Drucker’s work at General Electric-1980.
 Ducker's primary contribution is not a single idea, but rather an
entire body of work that has one gigantic advantage: nearly all
of it is essentially right. Drucker has an uncanny ability to
develop insights about the workings of the social world, and to
later be proved right by history
SOME MORE INSIGHTS FROM THE
ORACLE…

 Drucker and MBO


A manager's primary task is to manage for results by
translating corporate objectives into departmental, group and
individual measures of performance.
RELEVANCE OF PETER DRUCKER
THEORIES

MANAGEMENT BY OBJECTIVE (MBO)

COMPANY
VISION

Mission
statements

Strategic
objectives

HIERARCHY OF GOALS
His most famous book is “The Practice of
Management,” published in 1954.

Three questions that every company seeking to establish a


brand must ask itself:

“What is our business?”

“Who is our customer?”

“What does our customer consider valuable?”


 Managing a Business
 Managing Managers
 Managing Workers and Work

THE WORK OF THE MANAGER


Set Objectives
Organize
Motivate and Communicate
Measurement
Develop People
5 STEPS IN MAKING DECISIONS

Implement
the Decision
FIND THE
DEVELOP BEST
ALTERNATIVE SOLUTION
ANALYZE SOLUTIONS
DEFINE THE THE
PROBLEM PROBLEM
1. Must manage by objectives
2. Must take more risks and have a longer
time frame
3. Must be able to make strategic decisions
4. Must be able to build an integrated team
5. Must be able to communicate fast and
clear
6. Must see the business as whole
7. Must relate to total environment
LEARNING ORG- ORG DNA

Decision
Rights Information

Motivators Structure
AWARDS FOR HIS CONTRIBUTION

 In 1969 he was awarded New York University’s highest


honour, its Presidential Citation .For his article, "What Makes
an Effective Executive",

 Drucker was inducted into the Junior Achievements US Business


Hall of Fame in 1996.

 He received 25 honorary doctorates from American, Belgian, Czech,


English, Spanish and Swiss universities.

 He was awarded the Presidential Medal of Freedom by US


President George w. Bush on July 9,2002

 His 1954 book The Practice of Management was voted the third
most influential management book of the 20th century in a poll of
the Fellows of the Academy of Management

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