Who is peter drucker in management
Peter F. Drucker Quotes (Author of The Effective Executive)
Peter Drucker: An Enduring Legacy
How one man changed business management forever
He was also a leader in the development of management education, he invented the concept known as management by objectives and self-control ,  and he has been described as "the founder of modern management". Drucker's books and scholarly and popular articles explored how humans are organized across the business, government, and nonprofit sectors of society. His writings have predicted many of the major developments of the late twentieth century, including privatization and decentralization; the rise of Japan to economic world power; the decisive importance of marketing; and the emergence of the information society with its necessity of lifelong learning. Drucker grew up in what he referred to as a "liberal" Lutheran Protestant household in Austria-Hungary. Hans Kelsen was his uncle. In , Drucker left Germany for England.
After reading you will understand the basics of this powerful strategic management tool. Management By Objectives MBO is an performance management approach in which a balance is sought between the objectives of employees and the objectives of an organization. Setting challenging but attainable objectives promotes motivation and empowerment of employees. By increasing commitment, managers are given the opportunity to focus on new ideas and innovation that contribute to the development and objectives of organizations. However, Peter Drucker sets a number of conditions that must be met:. Strategic organizational objectives are the starting points of management by objectives.
As he saw it, many business leaders would attempt to take on all responsibilities as a display of power or to maintain a level of control, with the suggestion that they were the only ones capable to undertake those responsibilities. His suggestion to achieve this was to move businesses away from having one central office toward having several more independent, smaller ones. MBO is a measurement by which the performance of employees is considered. The system was formulated by Drucker but it was actually one of his students of the class he taught at New York University, George S. Odiorne, who further developed the idea.
Your use of this content is subject to the terms and conditions of this portal. Peter Drucker was one of the most widely-known and influential thinkers on management, whose work continues to be used by managers worldwide. 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. His writing showed real understanding of and sympathy for the difficulties and demands faced by managers. Throughout his long career he has had interests as diverse as journalism, art appreciation, mountaineering, reading - drawing inspiration from the works of Jane Austen - and, of course, management teaching, writing and consultancy. With 39 books published over seven decades and translated into at least 30 languages and many books written about him since his death, Drucker was, by common consent, the founding father of modern management studies.