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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.

Career
After secondary school, Drucker moved to Hamburg, Germany and worked as a clerk-trainee for an export firm while enrolled in Hamburg University Law School. Drucker then traveled to Frankfurt where he worked as a financial writer. In 1931, he earned his doctorate in public law and international relations from the University of Frankfurt. He moved to London where he worked as a securities analyst for an insurance company, then an economist for a small bank.

Drucker worked as a correspondent for British financial publications before becoming an economics professor at Sarah Lawrence College in Bronxville, New York. Later, he taught at Bennington College, in Vermont.

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

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, not a cause, of business activity

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

Managing Workers and Work


Personnel Management Taylor, Fayol, Gilbreth Organizing for Peak Performance Engineering the Job Motivating for Peak Performance Communication; Vision Supervisor / Foreman Professional Employee

Awards and honors


Drucker was awarded the Presidential Medal of Freedom by U.S. President George W. Bush on July 9, 2002. He also received honors from the governments of Japan[36] and Austria.[37] He was the Honorary Chairman of the Peter F. Drucker Foundation for Nonprofit Management, now the Leader to Leader Institute, from 1990 through 2002.[38] In 1969 he was awarded New York Universitys highest honor, the NYU Presidential Citation.[39] 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.[40] Drucker was inducted into the Junior Achievement U.S. Business Hall of Fame in 1996.[41] Additionally he holds 25 honorary doctorates from American, Belgian, Czech, English, Spanish and Swiss Universities.[42] 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.

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, Management and Society 1971: Men, Ideas and Politics

1973: Management: Tasks, Responsibilities, 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

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, 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

Taught and Consulted


Bennington College

New York University

Claremont Graduate School (Since 1971)

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

Thank You