Presentation on Peter F.

Drucker

Personal Life
 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”.  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. he earned his doctorate in public law and international relations from the University of Frankfurt. Germany and worked as a clerk-trainee for an export firm while enrolled in Hamburg University Law School. .Career  After secondary school.  He moved to London where he worked as a securities analyst for an insurance company. he taught at Bennington College. Drucker moved to Hamburg. then an economist for a small bank. in Vermont.  Drucker worked as a correspondent for British financial publications before becoming an economics professor at Sarah Lawrence College in Bronxville. New York. In 1931. Later.

” and he infused his management advice with interdisciplinary lessons from history. “that in modern society there is no other leadership group but managers. philosophy.” Drucker wrote in his 1973 Management: Tasks. Responsibilities. • “The fact is. psychology. culture and religion. . Practices. sociology.• Drucker taught that management is “a liberal art.

The Practice of Management Peter Drucker 1954 .

The Practice of Management • 1954 • The first true management book • Depicts management as a distinct function • Management has distinct responsibilities .

Three Roles of Management • Managing a Business • Managing Managers • Managing Workers and Work .

Managing a Business .

Managing a Business • Purpose of Business – To Create Customers • Functions of Business – Marketing – Innovation • Profit is result. of business activity . not a cause.

“What is Our Business?” • • • • • Who is the Customer? What does the Customer Buy? What is the Value to the Customer? What will our Business Be? What SHOULD our Business Be? .

Business Performance Objectives • • • • • Market Share Innovation Productivity Physical and Financial Resources Profitability • Manager Performance and Development • Worker Performance and Attitude • Public Responsibility .

Principles of Production • Three Systems of Production – Unique Product Production – Mass Production • Old style • New style – Process Production .

Managing Managers .

Three Stonecutters • “I am earning a living” • “I am being the best stonecutter I can be” • “I am creating a cathedral” .

Misdirection by the Boss Sometimes Management Directions are Not Clear Henry II Thomas Beckett King of England Archbishop of Canterbury Sack cloth and ashes Mid 1100s .

Management by Objectives (MBO) • Prepared by Employee (In Consultation with His/Her Manager) • Includes Objectives and Measurement Standards • Facilitates “Management by Self Control” .

Managing Workers and Work .

Vision • Supervisor / Foreman • Professional Employee . Fayol.Managing Workers and Work • Personnel Management Taylor. Gilbreth • Organizing for Peak Performance Engineering the Job • Motivating for Peak Performance Communication.

S. .[41] Additionally he holds 25 honorary doctorates from American.[37] He was the Honorary Chairman of the Peter F.S.[42] In Claremont.[40] Drucker was inducted into the Junior Achievement U. the most awarded to one person. He also received honors from the governments of Japan[36] and Austria. Spanish and Swiss Universities. President George W. Business Hall of Fame in 1996.[38] In 1969 he was awarded New York University’s highest honor. Belgian. Bush on July 9. now the Leader to Leader Institute. California. "What Makes an Effective Executive". Eleventh Street between College Avenue and Dartmouth Avenue was renamed "Drucker Way" in October 2009 to commemorate the 100th anniversary of Drucker's birth. Drucker Foundation for Nonprofit Management.Awards and honors • Drucker was awarded the Presidential Medal of Freedom by U. English. 2002. Czech. from 1990 through 2002. the NYU Presidential Citation.[39] Harvard Business Review honored Drucker in the June 2004 with his seventh McKinsey Award for his article.

Management and Society 1971: Men. Ideas and Politics .MAIN WORK • • • • • • • • • • • • 1939: The End of Economic Man 1942: The Future of Industrial Man 1946: Concept of the Corporation 1950: The New Society 1954: The Practice of Management 1957: America's Next Twenty Years 1959: Landmarks of Tomorrow 1964: Managing for Results 1967: The Effective Executive 1969: The Age of Discontinuity 1970: Technology.

Practices • 1976: The Unseen Revolution: How Pension Fund Socialism Came to America • 1977: People and Performance: The Best of Peter Drucker on Management • 1977: An Introductory View of Management • 1979: Song of the Brush: Japanese Painting from Sanso Collection • 1980: Managing in Turbulent Times • 1981: Toward the Next Economics and Other Essays • 1982: The Changing World of Executive • 1982: The Last of All Possible Worlds .• 1973: Management: Tasks. Responsibilities.

in Economics and Business. in Society and World View 1990: Managing the Nonprofit Organization: Principles and Practices 1992: Managing for the Future 1993: The Ecological Vision 1993: Post-Capitalist Society 1995: Managing in a Time of Great Change 1997: Drucker on Asia: A Dialogue between Peter Drucker and Isao Nakauchi 1998: Peter Drucker on the Profession of Management 1998: Adventures of a Bystander 1999: Management Challenges for 21st Century 2001: The Essential Drucker 2002: Managing in the Next Society 2002: The Functioning Society 2004: The Daily Drucker 2006: The Effective Executive in Action .• • • • • • • • • • • • • • • • • • 1984: The Temptation to Do Good 1985: Innovation and Entrepreneurship 1986: The Frontiers of Management: Where Tomorrow's Decisions are Being Shaped Today 1989: The New Realities: in Government and Politics.

Taught and Consulted – Bennington College – New York University – Claremont Graduate School (Since 1971) .

 Drucker’s work at General Electric-1980. He originated the view of the corporation as a human community-1950.Contributions  Drucker introduced the idea of decentralization-1940. cult leaders-1960.  He argued for the importance of substance over style. . for institutionalized practices over charismatic.  He was the first to assert that workers should be treated as assets and not as liabilities to be eliminated.  He wrote about the contribution of knowledge workers-1970.

Thank You .

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