PETER DRUCKER

Varun M Deshpande

http://varunveda.blogspot.com

1909 - 2005

INTRODUCTION Peter Ferdinand Drucker was a writer,

management consultant, and self-described “social ecologist.”

Widely considered to be the father of “modern management”

his 39 books and countless scholarly and popular articles explored how humans are organized across all sectors of society—in business, government and the nonprofit world.

In 1959, Drucker coined the term “knowledge worker"

EARLY LIFE Born on November 19 , 1909

Drucker was born in Vienna, the capital of Austria, in a small village named Kaasgraben

Mother Caroline Bondi had studied medicine Father Adolph Bertram Drucker was a lawyer

He grew up in a home where intellectuals, high government officials and scientists would meet to discuss new ideas and ideals

Y IS HE FAMOUS ?? He is best known for establishing management

as its own discipline through his writing and his work as a consultant to major corporations.

"The world knows he was the greatest management thinker of the last century," Jack Welch, former chairman of General Electric Co.

"He was the creator and inventor of modern management," said management guru Tom Peters

“No true discipline of management existed before Drucker." said Tom Peters

CAREER He emigrated to the US in 1937 worked as an economist, a journalist and a

philosophy professor before finding a career as a professor of management and social sciences.

his initial writings on politics and society won him access to the internal workings of General Motors (GM)

Authored around 39 Books which are Bench marks in Modern Management

Drucker worked with many major corporations, including General Electric, Coca- Cola, Citicorp, IBM, and Intel.

BASIC IDEAS>Believed in Decentralization and

simplification>Respect of the worker.>A belief that taking action without thinking is

the cause of every failure.

His five basic principles of management. Setting objectives Organizing Motivating and communicating Establishing measurements of performance Developing people

AUTHORED BOOKS Friedrich Julius Stahl: konservative Staatslehre und

geschichtliche Entwicklung (1932) The End of Economic Man: The Origins of

Totalitarianism (1939) The Future of Industrial Man (1942) Concept of the Corporation(1945) The New Society (1950) The Practice of Management (1954) America's Next 20 Years (1957) Adventures of a Bystander (1979) (Autobiography)

And… Many more

AWARDS IN HIS HONOUR

Drucker was awarded the Presidential Medal of Freedom by U.S. President George W. Bush on July 9, 2002

He was the Honorary Chairman of the Peter F. Drucker Foundation for Nonprofit Management

In 1969 he was awarded New York University’s highest honor, the NYU Presidential Citation.

Additionally he holds 25 honorary doctorates from American, Belgian, Czech, English, Spanish and Swiss Universities.

NOVEL GESTURE The Peter F. Drucker Award for Canadian

Nonprofit Innovation is given each year to a nonprofit organization in recognition of a program that has made a difference in the lives of the people it serves

"Somewhere in North America, no matter what the problem, some nonprofit organization is solving it."

Peter F. Drucker

CRITICISM AND CONTROVERSY

The Wall Street Journal researched several of his lectures in 1987 and reported that he was sometimes loose with the facts.

(Drucker’s defense: “I use anecdotes to make a point, not to write history.”)

critics say that the system is difficult to implement, and that companies often wind up overemphasizing control, as opposed to fostering creativity, to meet their goals

He argued in a 1984 essay that CEO compensation should be no more than 20 times what the rank and file make

Drucker wrote, “ we will pay a heavy price for it.”

BOOKS ON PETER Tarrant, John C., Drucker: The Man Who

Invented the Corporate Society (1976) Beatty, Jack, The World According to Peter

Drucker (1998) Flaherty, John E., Peter Drucker: Shaping the

Managerial Mind (1999) Edersheim, Elizabeth, The Definitive Drucker

(2007) Cohen, William A., A Class with Drucker: The

lost lessons of the World's greatest management teacher (2008)

GOLDEN QUOTES

GOLDEN QUOTES "In fact, that management has a need for

advanced education - as well as for systematic manager development - means only that management today has become an institution of our society.“

"The best way to predict the future is to create it.“

"Management is doing things right; leadership is doing the right things.“

“Efficiency is doing better what is already being done."

GOLDEN QUOTES “Follow effective action with quiet reflection.

From the quiet reflection will come even more effective action.”

“The most important thing in communication is hearing what isn't said.”

"Rank does not confer privilege or give power. It imposes responsibility.“

"To focus on contribution is to focus on effectiveness."

My greatest strength as a consultant is to be ignorant and ask a few questions.

http://www.brainyquote.com/quotes/authors/p/peter_drucker.html

HIS LAST FEW YEARS He had often said “one doesn't pray for a long

life but for an easy death.” Struggled through a series of ailments, from

life-threatening abdominal cancer to a broken hip

He had a pacemaker in his chest and needed a walker to get around his ranch home on Wellesley Drive.

He is survived by his wife Doris, four children, and six grandchildren.

Died peacefully in his sleep at home on Nov. 11 at age 95, eight days shy of his 96th birthday.