PETER DRUCKER-Father of Management by Objectives -No.1 Best Study Notes

In this PETER DRUCKER-Father of Management by Objectives article we are going to discuss the following questions about Peter Drucker.
What is Peter Drucker most known for?
What is the Peter Drucker theory?
What are Drucker’s five guiding principles of management?
What did Peter Drucker say about business?

PETER DRUCKER-Father of Management by Objectives

(1909 to 2005, Vienna, Austria)

Peter Drucker is the father of management by objectives. He has added value to management. He wrote a management book “The Practice of Management”. He defined ‘Industry as customers and knowledge’.

Life and Education

Before studying the management thoughts of Peter Drucker, important events in his life are as follows:

• Peter Drucker was born on November 19, 1909, in Vienna (Austria-Hungary).
• Educated in universities in Austria and England.
• Worked as a professor in several educational institutions in 1942
• Served as Professor of Philosophy and Political Science at Bennington College from 1942 to 1949.
• Served as Professor of Management at New York University from 1950 to 1971.
• From 1971 to 2002, he worked as a professor of sociology and management at Claremont Graduate University.
• He was Godkin Lecturer at Howard University in 1994.
• Peter Drucker was awarded 22 honorary doctorate degrees by the governments of Austria and Japan as well as universities in Belgium, Japan, Spain, Switzerland, England and America.
• Drucker was honoured as the ‘Expert of Experts’ by Britain.
• Peter Drucker was called the ‘Father of Management’.
• He wrote a total of 99 books in various fields.
• Peter Drucker died on November 11, 2005, in Claremont, California. He was 95 at the time of death.

Peter Drucker’s Bibliography / Peter Drucker Books

Considering Peter Drucker’s role as a writer, his works are as follows:

• The End of Economic Man
• The Future of Industrial Man
• Concept of the Corporation
• The New Society
• The Practice of Management
• America’s Next Twenty Years
• The Landmarks of Tomorrow
• Managing for Results
• The Effective Executive
• The Age of Discontinuity
• Technology, Management and Society
• The New Markets and Other Essays

Peter Drucker’s Contribution to Management

According to Peter Drucker

1. Drucker has given profit a secondary place.

2. The broad objective of the business

3. Peter Drucker emphasized innovation and creativity in management.

4. Professional management can make a business more efficient.

5. According to Drucker, decentralization of authority is necessary to bring about good in the organization; therefore, the work will be streamlined.

6. Peter Drucker first introduced the concept of objective management.

7. Future Functions of Managers

8. According to Peter Drucker, the character of the manager is very important.

9. To be a successful manager, a manager should work in an organization with thrift and efficiency, focus on goals