The Man Who Invented Management

by buildingpharmabrands

(November19, 1909 - November 11, 2005)

(November19, 1909 – November 11, 2005)

Today is the one-hundred-and-fourth birth anniversary of Peter Drucker, the man who invented management. BusinessWeek reported shortly after his death at 95 in 2005 that: Whether it’s recognised or not, the organisation and practice of management today is derived largely from the thinking of Peter Drucker. What John Maynard Keynes is to economics or W. Edwards Deming to Quality, Drucker is to management.

Ahead of His Time

Drucker was always ahead of his time. BusinessWeek succinctly summarised some of the major accomplishments upon his death in 2005:

In the 1940s, he introduced the idea of decentralisation, which became a bedrock principle for virtually every large organisation in the world.

In the 1950s, he was the first to assert that workers should be treated as assets, not as liabilities to be eliminated.

In the1950s, he presented for the first time the concept of corporation as a human community built on trust and respect for the worker and not just a profit-making machine, a perspective that won an almost Godlike reverence among the Japanese.

In the1950s, he was the first to clearly articulate that the purpose of any business is to create and keep a customer and that there is no business without a customer. A simple but powerful notion  that ushered in a new marketing mindset.

In the1960s, he was the first to argue for the importance of substance over style, for institutionalised practices over charismatic, cult leaders.

In the 1970s, he wrote about the contribution of knowledge workers and for the first time explained how knowledge would trump raw material as the essential capital of the New Economy.

Books written by Peter F. Drucker

1. The End of Economic Man, 1939

2. The Future of Industrial Man. A conservative approach, 1942

3. Concept of the Corporation, 1946

4. The New Society: The Anatomy of Industrial Order,

5. The Practice of Management, 1954

6. America’s Next Twenty Years, 1955

7. Landmarks of Tomorrow: A Report on the “New Post-Modern World”, 1957

8. Technology, Management & Society, 1958

9. Managing for Results, 1964

10. The Effective Executive, 1967

11. The Age of Discontinuity: Guidelines for Our Changing Society, 1969

12. Preparing Tomorrow’s Business Leaders Today (Ed.), 1969

13. Drucker on Management, 1971

14. Men, Ideas & Politics: Essays, 1971

15. The New Markets & Other Essays, 1971

16. Management: Tasks, Responsibilities, Practices, 1973

17. The Unseen Revolution – How Pension Fund Socialism Came to America, 1976

18. People and Performance: The Best of Peter Drucker on Management, 1977

19. Management Cases, 1977

20. Adventures of a Bystander (Autobiography), 1979

21. Managing in Turbulent Times, 1980

22. Toward the Next Economics and Other Essays, 1981

23. The Last of All Possible Worlds (Novel), 1982

24. The Changing World of the Executive, 1982

25. The Temptation to do Good (Novel), 1984

26. Innovation & Entrepreneurship: Practice & Principles, 1985

27. The Frontiers of Management: Where Tomorrow’s Decisions are Being Shaped Today, 1986

28. The New Realities, in Government and Politics, in Economics and Business, in Society and world View, 1989

29. Managing the Non-Profit Organization: Practices and Principles, 1990

30. Our Changing Economic Society: The Best of Drucker’s Thinking on Economic and Societal Change (Collection of articles), 1991

31. Managing for the Future: The 1990s and Beyond, 1992

32. The Ecological Vision: Reflections on the American Condition, 1993

33. Post-Capitalist Society, 1993

34. Managing in a Time of Great Change, 1995

35. The Executive in Action: Managing for Results, Innovation & Entrepreneurship, The Effective Executive, 1996

36. The Pension Fund Revolution, 1996

37. Landmarks of Tomorrow (with a new introduction by Peter Drucker), 1996

38. Peter Drucker on the Profession of Management (A collection of articles published in HBR 1963-1994), 1998

39. Management Challenges for the 21st Century, 1999

40. The Essential Drucker: The Best of Sixty Years of Peter Drucker’s Essential Writings on Management, 2001

41. Managing in the Next Society, 2002

42. A Functioning Society: Selections from Sixty-Five Years of Writing on Community, Society and Policy, 2003

43. The Daily Drucker, 2004

44. The Effective Executive in Action, 2006

45. Classic Drucker: Wisdom from Peter Drucker from the Pages of Harvard Business Review, 2006

46. Management. Revised Edition of Management: Tasks, Responsibilities, Practices, 2008

Harvard Business Review Articles by Peter Drucker:

1. Behind Japan’s Success

2. Big Business and National Purpose

3. Getting Things Done. How to Make People Decisions

4. Is Business Letting Young People Down?

5. Looking Ahead. Implications of the Present

6. Management and the World’s Work

7. Management’s New Role

8. Managing for Business Effectiveness

9. Managing Oneself

10. New Templates for Today’s Organizations

11. Our Entrepreneurial Economy

12. Reckoning with the Pension Fund Revolution

13. Restoring Public Trust

14. The Big Power of Little Ideas

15. The Coming of New Organization

16. The Competitive World

17. The Discipline of Innovation

18. The Effective Decision

19. The Emerging Theory of Manufacturing

20. The Information Executives Truly Need

21. The New Productivity Challenge

22. The New Society of Organizations

23. The Right and Wrong Compromise

24. Theory of Business

25. They are not Employees, They are People

26. Twelve Fables of Research Management

27. What Business Can Learn from Non-profits

28. What Executives Should Remember

29. What makes an Effective Executive

30. What we can learn from Japanese Management

Rick Warren, the author of The Purpose Driven Life said during the inaugural Peter Drucker Forum in Vienna celebrating Drucker’s 100th birthday in 2009: Peter was far more than the founder of modern management, far more than a brilliant man, one of the greatest minds of the 20th century. He was a great soul. If I summed up Peter’s life in three words, it would be integrity, humility, and generosity… Peter was the only truly Renaissance man I’ve ever known. He had a way of looking at the world in a systems view that said it all matters.

Drucker’s simplicity and humility are palpable. He once said: None of my books or ideas means anything to me in the long run.What are theories? Nothing. The only thing that matters is how you touch people. Have I given anyone insight? That’s what I want to have done. Insight lasts; theories don’t. And even insight decays into small details, which is how it should be. A few details that have meaning in one’s life are important.

Jim Collins, best selling author of Good to Great and Built to Last once wrote about Drucker: For me Drucker’s most important lessons cannot be found in any text or lecture but in the example of his life. I made a personal pilgrimage to Claremont, California in 1994 seeking wisdom from the greatest management thinker of our age, and I came away feeling that I’d met a compassionate and generous human being who – almost as a side benefit -was prolific genius… Peter F. Drucker was driven not by the desire to say something, but by the desire to learn something from every student he met – and that is why he became one of the most influential teachers most of us have ever known.