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Peter Drucker (From Wikipedia, the free encyclopedia) States, where he became a university professor as well as a free-lance writer

university professor as well as a free-lance writer and 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.”)[10]
Peter Ferdinand Drucker In 1943, Drucker became a naturalized citizen of the United States. He taught at Bennington College
November 19, 1909 from 1942-1949, then at New York University as a Professor of Management from 1950 to 1971.
Born Drucker came to California in 1971, where he developed one of the country's first executive MBA
Kaasgraben, Vienna, Austria programs for working professionals at Claremont Graduate University (then known as Claremont
Graduate School). From 1971 to his death he was the Clarke Professor of Social Science and
November 11, 2005 Management at Claremont Graduate University. The university's management school was named the
Died
Claremont, California, USA "Peter F. Drucker Graduate School of Management" (later known as the "Peter F. Drucker and
Masatoshi Ito Graduate School of Management") in his honor in 1987. He taught his last class at the
Occupation Writer, Professor, Management Consultant school in 2002 at age 92.

Basic ideas
Peter Ferdinand Drucker (November 19, 1909 – November 11, 2005) was a writer, management
consultant, and self-described “social ecologist.”[1] His books and scholarly and popular articles Several ideas run through most of Drucker's writings:
explored how humans are organized across the business, government and the nonprofit sectors of
society.[2] His writings have predicted many of the major developments of the late twentieth century, • Decentralization and simplification. Drucker discounted the command and control model and
including privatization and decentralization; the rise of Japan to economic world power; the decisive asserted that companies work best when they are decentralized. According to Drucker,
importance of marketing; and the emergence of the information society with its necessity of lifelong corporations tend to produce too many products, hire employees they don't need (when a
learning.[3] In 1959, Drucker coined the term “knowledge worker" and later in his life considered better solution would be outsourcing), and expand into economic sectors that they should
knowledge work productivity to be the next frontier of management.[4] avoid.
• A profound skepticism of macroeconomic theory. Drucker contended that economists of all
Personal life and roots of his philosophy schools fail to explain significant aspects of modern economies.
• Respect of the worker. Drucker believed that employees are assets and not liabilities. He
The son of a high-level civil servant in Austria-Hungary – his mother Caroline Bondi had studied taught that knowledge workers are the essential ingredients of the modern economy. Central to
medicine and his father Steve Anderson Drucker was a lawyer – Drucker was born in Vienna, the this philosophy is the view that people are an organization's most valuable resource and that a
capital of Austria, in a small village named Kaasgraben (now part of the 19th district of Vienna, manager's job is to prepare and free people to perform. [17]
Döbling). He grew up in a home where intellectuals, high government officials, and scientists would • A belief in what he called "the sickness of government." Drucker made nonpartisan claims
meet to discuss new ideas.[5] After graduating from Döbling Gymnasium, Drucker found few that government is often unable or unwilling to provide new services that people need or want,
opportunities for employment in post-Habsburg Vienna, so he moved to Hamburg, Germany, first though he believed that this condition is not inherent to the form of government. The chapter
working as an apprentice at an established cotton trading company, then as a journalist, writing for "The Sickness of Government" in his book The Age of Discontinuity formed the basis of the
Der Österreichische Volkswirt (The Austrian Economist). Drucker then moved to Frankfurt, where he New Public Management, a theory of public administration that dominated the discipline in
took a job at the Daily Frankfurter General-Anzeiger. While in Frankfurt, he also earned a doctorate in the 1980s and 1990s.
international law and public law from the University of Frankfurt in 1931. Among his early influences • The need for "planned abandonment". Businesses and governments have a natural human
was the Austrian economist Joseph Schumpeter, a friend of his father’s, who impressed upon Drucker tendency to cling to "yesterday's successes" rather than seeing when they are no longer useful.
the importance of innovation and entrepreneurship.[6] Drucker also was influenced, in a much different • A belief that taking action without thinking is the cause of every failure.[18]
way, by John Maynard Keynes, whom he heard lecture in 1934 in Cambridge. “I suddenly realized • The need for community. Early in his career, Drucker predicted the "end of economic man"
that Keynes and all the brilliant economic students in the room were interested in the behavior of and advocated the creation of a "plant community" where individuals' social needs could be
commodities,” Drucker wrote, “while I was interested in the behavior of people.”[7] met. He later acknowledged that the plant community never materialized, and by the 1980s,
suggested that volunteering in the nonprofit sector was the key to fostering a healthy society
Over the next 70 years, Drucker’s writings would be marked by a focus on relationships among human where people found a sense of belonging and civic pride.
beings, as opposed to the crunching of numbers. His books were filled with lessons on how • The need to manage business by balancing a variety of needs and goals, rather than
organizations can bring out the best in people, and how workers can find a sense of community and subordinating an institution to a single value.[19][20] This concept of management by objectives
dignity in a modern society organized around large institutions.[8] forms the keynote of his 1954 landmark The Practice of Management.[21]
• A company's primary responsibility is to serve its customers. Profit is not the primary goal,
As a young writer, Drucker wrote two pieces — one on the conservative German philosopher but rather an essential condition for the company's continued existence.[22]
Friedrich Julius Stahl and another called “The Jewish Question in Germany” — that were burned and • An organization should have a proper way of executing all its business processes.
banned by the Nazis.[3] In 1933, Drucker left Germany for England. In London, he worked for an • A belief in the notion that great companies could stand among humankind's noblest
insurance company, then as the chief economist at a private bank. He also reconnected with Doris inventions.[23]
Schmitz, an acquaintance from the University of Frankfurt. They married in 1934. (His wedding
certificate lists his name as Peter Georg Drucker.[9]) The couple permanently relocated to the United

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