Peter drucker
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By: Piyush Joshi Shainesh dawar Rajendra kumar Vinod chinoniya Poonam kasde Mba (fa) II Sem INSTITUTE OF MANAGEMENT STUDIES
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Peter Ferdinand Drucker (November 19, 1909 – November 11, 2005) was a writer, management consultant, and self-described “social ecologist.” His books and scholarly and popular articles explored how humans are organized across the business, government and the nonprofit sectors of society. He is one of the best-known and most widely influential thinkers and writers on the subject of management theory and practice. 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. In 1959, Drucker coined the term “knowledge worker" and later in his life considered knowledge work productivity to be the next frontier of management.
Transcript of Peter drucker
By: Piyush Joshi Shainesh dawar Rajendra kumar Vinod chinoniya Poonam kasde
Mba (fa) II Sem
INSTITUTE OF MANAGEMENT STUDIES
Personal LifePersonal 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.
CareerCareer
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.
ContributionsContributions
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.
Drucker’s work at General Electric-1980.
Contributions madeContributions made
Drucker’s primary contribution is not a single idea, but rather an entire body of work that has one gigantic advantage: nearly all of it is essentially right. Drucker has an uncanny ability to develop insights about the workings of the social world, and to later be proved right by history
Some more insights from the Some more insights from the oracle…oracle…
Drucker and MBO A manager's primary task is to manage
for results by translating corporate objectives into departmental, group and individual measures of performance.
Relevance of Peter Drucker Relevance of Peter Drucker TheoriesTheories
Management by objective (MBO)
Hierarchy of Goals
Company visionCompany vision
Mission statementsMission statements
Strategic objectivesStrategic objectives
Drucker and MarketingDrucker and Marketing
His most famous book is “The Practice of Management,” published in 1954.
Three questions that every company seeking to establish a brand must ask itself:
“What is our business?” “Who is our customer?” “What does our customer consider valuable?”
Three Roles of ManagementThree Roles of Management
Managing a BusinessManaging ManagersManaging Workers and Work
The Work of the ManagerThe Work of the ManagerSet ObjectivesOrganizeMotivate and CommunicateMeasurementDevelop People
5 Steps in Making Decisions5 Steps in Making Decisions
Define the ProblemAnalyze the ProblemDevelop Alternative SolutionsFind the Best SolutionImplement the Decision
The Manager of TomorrowThe Manager of Tomorrow1. Must manage by objectives2. Must take more risks and have a longer
time frame3. Must be able to make strategic decisions4. Must be able to build an integrated team5. Must be able to communicate fast and
clear6. Must see the business as whole7. Must relate to total environment
Learning org- Org DNALearning org- Org DNA
InformationInformationInformationInformationDecision RightsDecision RightsDecision RightsDecision Rights
MotivatorsMotivatorsMotivatorsMotivators StructureStructureStructureStructure
HBS review as ‘’one of top Business Ideas in 2005’’
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