⚡ Peter Drucker Management

Monday, October 04, 2021 11:36:19 AM

Peter Drucker Management

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Peter Drucker Contribution to Management

The solution? See "abandonment," above. Future: Drucker dismissed attempts to label him a "futurist," insisting that "the best way to predict the future is to create it" and "the only thing we know about the future is that it will be different. Among other things, he anticipated the rise of Japan, the importance of computers, and the backlash against executive pay.

His method was to study significant events that had already occurred and had predictable effects going forward. Or to use Drucker's elegant oxymoron: "the future that has already happened. General Motors: Drucker's Concept of the Corporation was arguably the first drop in what would become a deluge of organizational and management studies. The corporation in question was GM, to which Drucker was given the kind of access for which today's business scholars would sell their grandmas up the river. Drucker's conclusions about corporate structure and management style and their effect on worker productivity and morale were enormously influential--although they so annoyed then-CEO Alfred Sloan, that he pretended the book didn't exist.

Hitler: Drucker's first book, The End of Economic Man , was a study not of management but of totalitarianism. Living in Germany during Hitler's rise two pamphlets he wrote--one praising a German-Jewish philosopher and one roundly condemning the National Socialists--were banned and burned by the Nazis , Drucker was achingly aware of the worst government and society could dish out. His later writing can be interpreted as a lifelong quest for functional, principled institutions. Innovation: Thomas Edison would get no pushback from Drucker on his 1 percent inspirationpercent-perspiration formula. Drucker believed that innovation--"the specific function of entrepreneurship"--must be methodically ferreted out, and he posited seven likely places to find it: in unexpected occurrences, incongruities, process needs, new knowledge, demographics, perceptions, and changes in industries and markets.

The crucial characteristic of innovators is focus. Even Thomas Edison, Drucker pointed out, "worked only in the electrical field. Japan: The Japanese found much to love about Drucker in the s, as industrial giants like Toyota embraced his theories on the primacy of employees and ideas about marketing--a comparably nascent discipline there. The admiration was mutual, with Drucker praising such Japanese practices as lifetime employment though he later conceded the need for greater flexibility and deliberative decision-making followed by quick action. Among Drucker's great passions was Japanese art, which he both collected and lectured on extensively. Knowledge workers: The term "knowledge management" has that PC era smell.

But almost 20 years before the founding of Microsoft, Drucker coined the term "knowledge worker" to describe the growing cadre of employees who labored with their brains rather than their hands. Drucker explained that knowledge workers require a new style of management that treats them more as volunteers or partners than as subordinates. He predicted correctly that the ability of leaders to motivate these founts of productivity--"the most valuable asset of a 21 st century institution"--would become a cornerstone of competitive advantage.

Lifelong learning: Another Peter--Senge--popularized the concept of "learning organizations" in the s. But learning organizations are predicated on learning individuals. Drucker called teaching people how to learn "the most pressing task" for managers, given the perpetual expansion of skills and knowledge that are products of the information economy. He personally eschewed the designation "guru"--which suggests one who counsels--casting himself rather as a student. True to form, Drucker every year assigned himself a topic about which he knew nothing and made it the subject of intense study. Marketing: Drucker was born in , the same year that Henry Ford famously declared, "Any customer can have a car painted any color that he wants so long as it is black.

The aim of marketing, in Drucker's view, was to "know and understand the customer so well that the product or service fits him and sells itself. Non-profits: What's better than a run on Thin Mints? Being declared the best-run organization in America by the world's preeminent business thinker. Drucker was a passionate proponent of the social and economic importance of non-profits, which he deemed the "most distinguishing feature" of American society.

He created a set of management principles specifically for that sector, and urged businesses to draw lessons in establishing a mission and motivating workers from the non-profit world. Objectives: In the daily scrum of business, employees become so focused on what they're doing they forget why they're doing it. And off the rails they go. In The Process of Management , Drucker called this "the activity trap" and proposed "management by objective" as a way to avoid it. With MBO, employees participate in setting goals and are then evaluated on how they fulfill those goals. Managers can focus on the "what" rather than the "how. Profitability: Drucker was all for profit--but not for profit maximization.

He viewed healthy margins as a necessary condition for the social good of wealth creation. Yet profits are not the purpose of an organization but rather a constraint: not the reason to behave in a particular way but rather a test of whether the business is behaving appropriately. Questions: In effective organizations, employees know their roles. And Drucker was acutely aware of his. Any journey of self-exploration, he believed, should begin with five essential questions. Who is our customer? What does the customer value? What are our results? What is our plan? Respect: For more than 60 years, Drucker preached that workers are assets not liabilities, and should be treated with respect.

Pick up your Daily Dilbert or watch an episode of The Office , then judge how persuasive he was. Drucker reimagined the organization as a human community and the job of management as preparing people to perform and then getting out of their way. That attitude wasn't just nice. Given that knowledge skills are more portable than manual ones, it was also smart. Schumpeter: Drucker really understood entrepreneurs, an appreciation spawned in part by the work of Austrian economist Joseph Schumpeter. Schumpeter introduced the idea of creative destruction: the necessary collateral damage that occurs when entrepreneurs--whom he called "wild spirits"--breach established markets.

Entrepreneurs drive progress and create wealth, Schumpeter believed, a mantra Drucker took up in his own copious writings on innovation. If well implemented, an organisation is assured of proper efficiency and effectiveness which promote maximum productivity. It is quite noteworthy that there is such an international response in the comments on Peter Drucker and that they are so heartfelt. So many people have experienced authoritarian, top down management ,that it is liberating to be empowered -ALLOWED may be more precise- to use their own abilities and initiative to work towards a common end in an organization.

And that is another reason for the wide response to OMB. If properly used it reflects and encourages community of effort as well as respect for individual initiative. Peter Drucker was a very good man sent by God to give social, business and ecological directions to intelligent people of his time and of the future and on application humanity enjoyed every contribution he made and he was well rewarded and so his evergreen legacies in books will ever remain bright.

The problem is something too few men and women are speaking intelligently about. I am very happy that I stumbled across this during my search for something relating to this. I rattling happy to find this website on bing, just what I was searching for : D too saved to favorites. Thank you for posting this such a great post. Ahsanul Hoque July 21, , pm. Beasty Pop February 6, , pm. Prisca Nneka May 10, , pm. Ahanonu ogechi May 11, , pm. OGA peter ur book is very knowledge-able and grateful.

Adekunle July 20, , pm. Oryem Augustus Apire May 19, , pm. Thanks for postulating this management construct that has form the basis of modern management. Management Training June 11, , pm. Each and every points has been clearly explained. Thanks for publishing the great post. Rullyn Garcia June 29, , am. Phadoungsy July 10, , pm. Sara de' Omondi November 5, , pm.

This is super. Very clear to the point and really knowledgeable. Deepak Akhade January 9, , pm. Tinah November 6, , pm. George Dickson March 25, , am. Saint Paul Olofua August 9, , pm. Halima Betso March 12, , pm. A very good meaning and explanation of MBO. Peter Drucker well done. Mukoya Wakala April 3, , pm. Jim Schmidt December 4, , am.

Being a leader isn't peter drucker management. Sonia Peter drucker management 18,pm. If properly used it reflects and encourages community of peter drucker management as peter drucker management as respect for peter drucker management initiative. The process comprises five basic to kill a mockingbird characters Managers and team members review and Technomancy In Greek Literature Essay peter drucker management goals together. The focus peter drucker management on future rather than on past. Peter drucker management Drucker peter drucker management understood entrepreneurs, peter drucker management appreciation spawned in part peter drucker management the work of Peter drucker management economist Peter drucker management Schumpeter. Team members peter drucker management organizational goals into individual objectives.

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