The man who invented management

The Business Week cover story is The Man Who Invented Management: Why Peter Drucker's ideas still matter. Here's an excerpt:

The story of Peter Drucker is the story of management itself. It's the story of the rise of the modern corporation and the managers who organize work. Without his analysis it's almost impossible to imagine the rise of dispersed, globe-spanning corporations.

But it's also the story of Drucker's own rising disenchantment with capitalism in the late 20th century that seemed to reward greed as easily as it did performance. Drucker was sickened by the excessive riches awarded to mediocre executives even as they slashed the ranks of ordinary workers. And as he entered his 10th decade, there were some in corporations and academia who said his time had passed. Others said he grew sloppy with the facts. Meanwhile, new generations of management gurus and pundits, many of whom grew rich off books and speaking tours, superseded him.

...But Drucker's tale is not mere history. Whether it's recognized or not, the organization and practice of management today is derived largely from the thinking of Peter Drucker. His teachings form a blueprint for every thinking leader. In a world of quick fixes and glib explanations, a world of fads and simplistic PowerPoint lessons, he understood that the job of leading people and institutions is filled with complexity.

He taught generations of managers the importance of picking the best people, of focusing on opportunities and not problems, of getting on the same side of the desk as your customer, of the need to understand your competitive advantages, and to continue to refine them. He believed that talented people were the essential ingredient of every successful enterprise.

Simon Caulkin also has some thoughts on the legacy of the late Peter Drucker in today's Observer, Putting the 'man' into manager.

For Drucker, the heart of management was people - orchestrating individual effort so that it became more than the sum of its parts, amplifying strengths and neutralising weaknesses. Management was thus the dynamic, lifegiving part of business; but more than that, it had a stewardship role, as protector of institutions from 'the dark forces that lurk just beneath the thin veneer of civilisation that we had thought to have repaired during and after World War Two'.

There is some irony here. On the one hand, Drucker is venerated by his peers and regularly tops the poll in surveys of the most respected management thinkers. 'Drucker comes in head and shoulders above everyone else,' says Des Dearlove, of Suntop Media, producer of 'Thinkers 50'. 'In a fad-driven industry, that's a remarkable achievement.' On the other hand, never have his views about business been less fashionable.

Comments

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Question One:

Critically Discuss the evolution of management history and the significance of drucker's work in the management body of knowledge ?

Question Two:

Critically discuss the dilemmas faced by today's managers concerning business ethics and corporate social responsibilities ?

Question Three :

Conclude the necessary inferences and suggest the future implications ?

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