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PETER DRUCKER

PETER DRUCKER. 1909 - 2005 Israel C. Machado LIS 232 Prof. Dr. Shelfer . “He was the creator and inventor of modern management” Tom Peters. Time Line : Born in 1909, in Austria 1931 Doctorate in Public & Int’l Law, Frankfurt

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PETER DRUCKER

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  1. PETER DRUCKER 1909 - 2005 Israel C. Machado LIS 232 Prof. Dr. Shelfer

  2. “He was the creator and inventor of modern management” Tom Peters • Time Line: • Born in 1909, in Austria • 1931 Doctorate in Public & Int’l Law, Frankfurt • 1933 moved to London to escape Hitler; worked as an investment banker • 1937 moved to the US; two years later “The End of Economic Man” • 1945 best-seller “The Concept of Corporation • 1969 published “The Age of Discontinuity” • 1974 another book “Management: Tasks, Responsibilities, Practices” • 1999 publication of “Management Challenges for the 21st Century” • 2005 died at the age of 95 at home, in California

  3. “Drucker said it first” Business: The Ultimate Resource • His thinking has been adopted as the ultimate wisdom in modern management. • He wrote 33 books, mostly in management (about 15) and oriental art. • Drucker is credited as the man who created the management consulting industry. • He was a visionary, a management expert that predicted many management trends, sometimes ten -20 ys. before others picked it up.

  4. Key ideas: • Decentralization of decision making • Empowerment of workers • The corporation as a human community • Only one valid purpose for business: to create a customer • Seven tasks of the “Manager of Tomorrow” • The concept of “knowledge workers”

  5. Quotes from Drucker • “We now accept the fact that learning is a lifelong process of keeping abreast of change. And the most pressing task is to teach people how to learn”. • “Management by objectives works if you first think through your objectives. Ninety percent of the time you haven’t”. • “In all recorded history there has not been one economist who has had to worry about where the next meal would come from”. • “Company cultures are like country cultures. Never try to change one. Try, instead, “to work with what you've got”. • “So much of what we call management consists in making it difficult for people to work”.

  6. Citation • Bailey, Jon. Profile on…Peter Drucker. IET Engineering Management. April/May 2007. • Byrne, John A. The Man Who Invented Management, Why Peter Drucker’s Ideas Still Matter. Business Week, Nov. 28, 2005. • Davenport, Thomas (2005). Thinking for a Living. Boston, MS: Harvard Business School Press, 2005 • Perseus Publishing Staff. Business: The Ultimate Resource. London, GBR: Bloomsbury Publishing Plc, 2002. p 982. • http://www.quotationspage.com/quotes/Peter_Drucker/ • Photo: Business Week, November 28, 2005 (cover story)

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