Peter Ferdinand Drucker

 born November 19, 1909, Vienna, Austria—died November 11, 2005, Claremont,
California, U.S.
 Austrian-born American management consultant, educator, and author, whose
writings contributed to the philosophical and practical foundations of the modern
business corporation.
 Founding Father of Modern Management
 He was a prolific author, and among the first (after Taylor and Fayol) to depict
management as a distinct function and being a manager as a distinct
responsibility.
 While other economic students were interested in the behavior of commodities,
Peter Drucker was interested in the behavior of people
 established that the two most important principles for an organisation were
innovation and marketing.
 He introduced the idea of decentralization—in the 1940s—which became a
bedrock principle for virtually every large organization in the world.
 He was the first to assert—in the 1950s—that workers should be treated as
assets, not asliabilities to be eliminated.
 invented the concept known as management by objectives.
 Student of John Maynard Keynes
 Sources/References:
 https://www.britannica.com/biography/Peter-F-Drucker
 https://www.coursehero.com/file/p166sq7/E-Why-is-Peter-Drucker-
considered-the-founding-father-of-modern-management/
 https://www.bl.uk/people/peter-drucker#
 https://www.europeanceo.com/business-and-management/a-history-of-peter-
drucker-and-his-impact-on-management-theory/
 https://history-biography.com/peter-drucker/

More:
 It was through his attendance at board meetings and countless interviews with
employees at General Motors that Drucker realised decentralisation could make
for a far more successful model. He argued that smaller units within a
decentralised entity could create greater satisfaction among employees, who can
more plainly see the fruits of their labour, giving them far greater ownership of
their impact within a large organisation.
 John Maynard Keynes—one of the most influential British economists of the
twentieth century thanks to his impact on economic policies.
 Author of the book General Theory of Employment, Interest, and Money.