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Peter Drucker, "The Man Who Invented Management'

Published on May 2016 | Categories: Types, Business/Law | Downloads: 85 | Comments: 0
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This is brief Introduction of Peter Drucker, the man who invented management.It features his life, notable works and contribution.note: Centum U- is a bharti associate company and the publisher is in no way associated with the organization and the materials used in this presentation is extracted from different websites and in no way centum u may be held responsible for any copyright infringement for the material used in this ppt.The author is a student of CENTUM-U and this ppt. was presented as a part of curriculum.The Cover Photo is self clicked photo at Gulmarg, Jammu & Kashmir and can be used/published freely.

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Content

‫‪Wel Come‬‬ ‫خوش آمدید‬

Peter Ferdinand Drucker
(From November 19, 1909 – November 11, 2005)

by

M Misbah ul Islam

An Introduction
Peter Ferdinand Drucker
“The Man Who Invented Management”

“So much of what we call management consists in making it
difficult for people to work”

Early Life
Born November 19, 1909, in Vienna, Drucker was educated in Austria and England and earned a doctorate from Frankfurt University in 1931. He became a financial reporter for Frankfurter General Anzeiger in Frankfurt, Germany, in 1929, which allowed him

to immerse himself in the study of international law,
history and finance

“Business has only two basic functions- marketing & innovation”

Early Life
Peter Drucker’s career as a writer, consultant and teacher
spanned more than six decades. His groundbreaking work turned modern management theory into a serious discipline, and he influenced or created nearly every facet of its application, including decentralization, privatization, and

empowerment, and has coined such terms as the
“knowledge worker.”.

“Management by objectives works if you first think through your objectives. Ninety percent of the time you haven’t.”

Early Influences
Economist Joseph Schumpeter, who impressed upon Drucker the
importance of innovation and entrepreneurship. Drucker was also influenced, in a much different way, by John Maynard Keynes, whom

he heard lecture in 1934 in Cambridge.
“I suddenly realized that Keynes and all the brilliant economic students in the room were interested in the behavior of commodities,” Drucker wrote, “while I was interested in the behavior of people.”

“Management is doing things right; leadership is doing the right things”

The ‘Business Thinker’
Dr. Drucker cared not just about how business manages its resources, but also how public and private organizations

operate morally and ethically within society.
He respected the values of education, personal responsibility and businesses’ accountability to society.

Dr. Drucker’s true legacy is his insistence on this value system,
and its effect on business, society and individual lives

“Computer is a moron”

Consulting Career
Drucker worked with many major corporations, including General Electric, Coca-Cola, Citicorp, IBM, and Intel. He served as a consultant for various government agencies in the United States, Canada and Japan & various non-profit organizations like Salvation Army, the Girl Scouts of the USA, C.A.R.E., the American Red Cross, and the Navajo Indian Tribal Council He consulted with notable business leaders such as GE’s Jack Welch;

P&G’s A.G. Lafley; Intel’s Andy Grove; Edward Jones’ John Bachmann;
Shoichiro Toyoda, the honorary chairman of Toyota Motor Corp.; and Masatoshi Ito, the honorary chairman of the Ito-Yokado Group

“There is nothing so useless as doing efficiently that which should not be done at all”

Business Consultant
As a business consultant, Drucker disliked the term “guru,” though it was often applied to him; “I have been saying for many years,” Drucker once remarked, “that we are using the word ‘guru’ only because ‘charlatan’ is too long to fit into a headline.” As a young writer, Drucker wrote two pieces — one on the conservative German philosopher Friedrich Julius Stahl and another called “The Jewish Question in Germany” — that were burned and banned by the Nazis

“The most important thing is communication is to hear what isn’t being said”

Drucker’s Writings
Drucker's ideas have been disseminated in his 39 books, which have been translated into more than 30 languages. His works range from 1939's "The End of the Economic Man" to "Managing in the Next Society" & "A Functioning Society," both published in 2002 & "The Daily Drucker," released in 2004.

"The Effective Executive in Action“ was his last book coauthored with Joseph A. Maciariello.

“Innovation is the specific instrument of entrepreneurship… the act that endows resources with a new capacity to create wealth”

Other Works
Drucker created eight series of educational movies based on his management books and 10 online courses on management and business strategy. He was a frequent contributor to magazines and a columnist for the Wall Street Journal for 10 years and contributed frequently to the Harvard Business Review, The Atlantic Monthly, and The Economist.

In 1959, Drucker coined the term “knowledge worker" and later in his life considered knowledge worker productivity to be the next frontier of management.The annual Global Peter Drucker Forum in his hometown of Vienna, Austria, honors his legacy.

“Plans are only good intentions unless they immediately degenerate into hard work”

Awards
Drucker was awarded the Presidential Medal of Freedom by U.S. President George W. Bush on July 9, 2002 & received honors from the governments of Japan and Austria. He was the Honorary Chairman of the Peter F. Drucker Foundation

for Nonprofit Management, now the Leader to Leader Institute,
from 1990 through 2002. In 1969 he was awarded New York University’s highest honor, the

NYU Presidential Citation.

“In all recorded history there has not been one economist who has had to worry about where the next meal would come from”

Awards
Additionally he holds 25 honorary doctorates from American,
Belgian, Czech, English, Spanish and Swiss Universities. In Claremont, California, Eleventh Street between College Avenue

and Dartmouth Avenue was renamed "Drucker Way" in October
2009 to commemorate the 100th anniversary of Drucker's birth. Harvard Business Review honored Drucker in the June 2004 with his seventh McKinsey Award for his article, "What Makes an Effective Executive", the most awarded to one person.

Thank You
Compiled by:

M Misbah ul Islam Andrabi
MBA (CMP)
Centum U- New Delhi

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