Management News

 

Peter F Drucker, Father of Modern Management is no more.

Peter F. Drucker, considered as father of Modern Management, died on Friday at the age of 95 at his home east of Los Angeles of natural causes. Business and academia experts revered Drucker as the founding father of the study of management .His numerous books and articles stressing innovation, entrepreneurship and strategies for the changing world in simple language resonated with ordinary managers.
Drucker gave a considerable shift to the theory of management science by focusing on human resources unlike the follower of scientific management where the key emphasis was on productivity. On the occasion of his 90th birthday, he described his work and said : "I looked at people, not at machines or buildings," . This approach led to nearly three dozen books and thousands of articles which is a guide to the 20th-century economy. Modern management is different, he said. "Its task is to make people capable of joint performance, to make their strengths effective and their weaknesses irrelevant," During his tenure as an author, professor and consultant to some of America's biggest corporations, Mr. Drucker challenged people's thinking about organizations and popularized the concept of the post-industrial "knowledge worker." Born in Vienna, Austria, studied at universities in Hamburg and Frankfurt, Germany. He received a doctorate in international law while working as a newspaper reporter in Frankfurt, Germany. He remained in Germany until 1933, when one of his essays on a leading conservative philosopher angered the new Nazi government and was banned by the regime. After working as an economist for a bank in London, he moved to the United States in 1937. In 2002, Drucker was awarded a Presidential Medal of Freedom. He has been called "the world's foremost pioneer of management theory" and leader of concepts such as privatization, management by objective and decentralization. Mr. Drucker is survived by his wife, a son, & three daughters.

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