PETER DRUCKER

1909 - 2005

Varun M
Deshpande
http://varunveda.blogspot.com
 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.ht
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 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.