PeterDrucker [group7]

8/6/2019 PeterDrucker [group7]

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Born: November 19, 1909

Died: November 11, 2005

Nationality: Austrian / U.S

Fields: WriterManagement consultancySocial ecologist

Worked at: Coca ColaIBMIntelCiti GroupGeneral Electric

Known for: Management theory



� Peter Druckers Life� Family background� Education�

Married life� Worked at general motors� Life as a lecturer� Got recognition globally� Later life

� Peter Druckers Achievements� Awards and honors� Books authored by Peter Drucker� List of books� Join Peter Druckers society online



� Basic Ideas from Peter Druckers Writings� Management by objective

� Decentralization and simplification

� knowledgeable workers

� Balance needs and goals

� Company should serve its customer

� Criticism on Peter Drucker� Criticism Peter Drucker faced

� Questions



Peter Druckers



� Peter Ferdinand Drucker wasborn onNovember 19, 1909 inVienna, the capital of Austria, in a

small village named Kaasgrabenwhich is now part of Vienna

� His father Adolf Drucker was a lawyer and high-level civil

servant of theH

absburg empire

� His mother Caroline Bond had studied medicine

� He grew up in a home where intellectuals, high government

officials, and scientists would meet to discuss new ideas



� After graduating from Döbling Gymnasium, Drucker foundfew opportunities for employment in post-Habsburg Vienna,so he moved to Hamburg, Germany to work and study

� Firstworking as an apprentice at an established cottontrading company, then as a journalist Drucker then movedto Frankfurt

� Peter Drucker moved to began studying at the university inorder to earn his doctorate in international law from heUniversity of Frankfurt in 1931 and also worked as a bankerand journalist



� In 1933 he left Germany and moved to London where he worked foran insurance company, then as the chief economist at a private bank

� He also reconnected with Doris Schmitz, his class fellow from the

University of Frankfurt. They got married in 1934

� After four years the couple permanently relocated

to the U.S., where he became a universityprofessor as well as a free-lancewriter andbusiness consultant

� During his stay, he also became well known as a

business guru and finally earned his U.S.

citizenship in 1943



� The new concepts of management and divisionof labor helped launch numerous written worksthat launched not only Drucker's career but also

new ideas in corporate management

� In 1945, The executive directors at General Motors gave Drucker accessto their management team

� As a result of his experiences in Europe he formed new ideas about

management and authority and shared them with the administrativeexecutive

� As a result of their collaboration, Drucker formed the concept of Corporation which helped form GM's management

structure with multiple divisions



� He taught at BenningtonCollege from 19421949

� Then atNewYorkUniversity asa Professor of Managementfrom 1950 to 1971

� Drucker came to California in1971, where he developed one of

the country's first executiveMBAprograms for workingprofessionals at ClaremontGraduateUniversity (thenknown as Claremont Graduate

School)



� Although Drucker's first work was published in 1939, itwasn't until later that he began to make major contributionsto the world of business

� The 20th century brought new types of mass production andlarge corporations that still functioned on an oldmanagement style

�

Drucker, having noticed the imbalance of information andpower, began writing and giving speeches on howcompanies could rework their management structures inorder to become more efficient and make better use of thepeople and knowledge within their company



� From 1971 to his death he was the Clarke Professor of Social Science and Management atClaremont GraduateUniversity

� The university's managementschool was named the Peter F.Drucker Graduate School of Management in his honor in 1987

� He taught his last class at theschool in 2002 at age 92

� Peter F. Drucker died at the ageof 95 of natural causes on

November 11, 2005 in California



Peter Druckers



� In 1969 he was awarded NewYork Universitys highest honor,theNYU Presidential Citation

�

From 1990 through 2002, he wasthe Honorary Chairman of thePeter F. Drucker Foundation forNonprofit Management, now theLeader to Leader Institute

� In 1996, Drucker was inductedinto the Junior AchievementU.S. Business Hall of Fame

� On July 9, 2002, Drucker wasawarded the Presidential Medalof Freedom by U.S. President

George W. Bush



� He also received honors from the governments of Japan andAustria

� Additionally he holds 25 honorary doctorates from

American, Belgian, Czech, English, Spanish and SwissUniversities

� In the June 2004 Harvard Business Review honored Druckerwith his Seventh McKinsey Award for his article, "What M

akes an Effective Executive� InOctober 2009, Claremont, California, Eleventh Street

between College Avenue and Dartmouth Avenue wasrenamed "Drucker Way" to commemorate the 100thanniversary of Drucker's birth





1. 1939: T he End of EconomicMan2. 1942: T he Future of Industrial Man 3. 1946: Concept of the Corporation4. 1950: T he New Society

5. 1954:T he Practice of Management 6. 1957: America's Next T wenty Years 7. 1959: Landmarks of T omorrow 8. 1964:Managing for Results9. 1967: T he Effective Executive10. 1969: T he A ge of Discontinuity 11. 1970: T echnology,Management and

Society 12. 1971:Men, Ideas and Politics13. 1973:Management:T asks,

Responsibilities, Practices

14. 1976:T he Unseen Revolution: How Pension Fund Socialism Came to America

15. 1977: People and Performance:T he

Best of Peter Drucker on Management 16. 1977: An Introductory View of

Management 17. 1979: Song of the Brush: Japanese

Painting from Sanso Collection18. 1980:Managing inT urbulent T imes19. 1981:T oward the Next Economics and

Other Essays20. 1982: T he Changing World of

Executive21. 1982:T he Last of All Possible Worlds

22. 1984: T heT emptation to Do Good



� Join Peter Drucker onwww.druckersociety.at

�

Be the member

� Forums

� His books andarticles

�

And lots more



23. 1985: Innovation and Entrepreneurship

24. 1986:T he Frontiers of Management:WhereT omorrow's Decisions are

Being Shaped T oday 25. 1989: T he New Realities: in

Government and Politics, inEconomics and Business, in Society and World View

26. 1990:Managing the Nonprofit Organization: Principles and Practices

27. 1992:Managing for the Future28. 1993: T he Ecological Vision29. 1993: Post-Capitalist Society

30. 1995:Managing in aT ime of Great Change

31. 1997: Drucker on Asia: ADialoguebetween Peter Drucker and Isao

Nakauchi 32. 1998: Peter Drucker on the Profession

of Management 33. 1998: Adventures of a B ystander 34. 1999: Management Challenges for

21st Century 35. 2001: T he Essential Drucker 36. 2002: Managing in the Next Society 37. 2002: T he Functioning Society 38. 2004:T he Daily Drucker 39. 2006:T he Effective Executive in Action



from Peter Druckerswritings



� There are several ideas that came into minds fromthe writings of Peter Drucker� Management by objective� Decentralization

� knowledgeable workers

� Company should serve its customer

�

Role of CEO



� Management byObjective was first introduced byPeter Drucker in 1954 in his book The Practic e of

Management

� In MBO staffs are supervised by the manager, worktogether to set common goals

� The core of MBO is the alignment between theindividual actions required to achieve theorganizations functional and annual objectives



� Five Steps of MBO Process



� Common Features of MBO1. Commitment towards the program by the employees as

well as the managers2. Top level goal settings. It mostly involves senior managers

and strategy makers3. Individual goals, these goals are defined for employees

and managers both4. Active participation is from both the side i.e. managers

and employees

5. Autonomy in the implementation of plans.Once agreed onthe objectives, staffs and mangers work autonomously toachieve their goals

6. Performance Review- Periodic performance review is themost important aspect or element to find out the problems

and solutions to the problems



� Drucker discounted the command and controlmodel and asserted that companies work best

when they are decentralized

� According to Drucker, corporations tend to

produce too many products, hire employees theydon't need (when a better solution would be

outsourcing), and expand into economic sectors

that they should avoid



� Knowledgeable Workers was introduced in 1977 in hisbook Peopl e and Perfor manc e

� Drucker believed that employees are assets and notliabilities

� He taught that knowledgeable workers are the

essential ingredients of the modern economy� Central to this philosophy is the view that people are

an organization's most valuable resource and that amanager's job is to prepare and free people to perform



� A company's primary responsibility is to serve itscustomers

� Profit is not the primary goal, but rather an

essential condition for the company's continued

existence





On Peter Drucker



� One f r ckers c re c nceptsManagementO jectives is fla ed and as never really een

pr ven t rk eff ectively

� Critic ale r eger said t at t e system is diffic lt

t implement, and t at c mpanies ften ind p ver-emphasizing c ntr l, as pposed to f ostering

creativity, to meet their goals







� http://www.woopidoo.com/biography/peter-drucker/index.htm

� http://www.nytimes.com/2005/11/12/business/12drucker.html

� http://www.cgu.edu/pages/3899.asp

� http://en.wikipedia.org/wiki/Peter_Drucker

� http://management.thinkahead.net.in/management-by-objective-

definition-and-explanation-peter-drucker%E2%80%99s-theory.html

� http://ivythesis.typepad.com/term_paper_topics/2009/04/theories-of-peter-drucker.html

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PeterDrucker [group7]

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