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  • Case Study Peter Drucker

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    Faisal Sandhu
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    Peter Drucker was an influential Austrian-born American management consultant and author who contributed greatly to modern business practices. He emphasized asking fundamental questions about a business like what customers it serves and what creates value for them. His teachings stressed setting achievable goals and influenced many leaders like Jack Welch of GE, who applied Drucker's principle of being number one or two in each business line or exiting it, leading to great success during Welch's tenure. Drucker's principles also included empowering employees, embracing the shift to a knowledge economy, continuous learning, and viewing change as an opportunity rather than a threat.

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    Peter Drucker was an influential Austrian-born American management consultant and author who contributed greatly to modern business practices. He emphasized asking fundamental questions about a business like what customers it serves and what creates value for them. His teachings stressed setting achievable goals and influenced many leaders like Jack Welch of GE, who applied Drucker's principle of being number one or two in each business line or exiting it, leading to great success during Welch's tenure. Drucker's principles also included empowering employees, embracing the shift to a knowledge economy, continuous learning, and viewing change as an opportunity rather than a threat.

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    184 views7 pages

    Case Study Peter Drucker

    Uploaded by

    Faisal Sandhu
    Peter Drucker was an influential Austrian-born American management consultant and author who contributed greatly to modern business practices. He emphasized asking fundamental questions about a business like what customers it serves and what creates value for them. His teachings stressed setting achievable goals and influenced many leaders like Jack Welch of GE, who applied Drucker's principle of being number one or two in each business line or exiting it, leading to great success during Welch's tenure. Drucker's principles also included empowering employees, embracing the shift to a knowledge economy, continuous learning, and viewing change as an opportunity rather than a threat.

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    Attribution Non-Commercial (BY-NC)
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    Case Study # 1

    Peter Drucker-The Man who invented Management

    Muhammad Faisal Zafar L1s12mbam1145 Managerial Economics

    Who is Peter Drucker?


    He was an Austrian-born American management consultant, educator, and author, whose writings contributed to the philosophical and practical foundations of the modern business corporation Peter strongly influence most business leaders and politicians

    Fundamental Questions
    What business are we in? Who are our customers? What does the customer consider value? Transformation of long term objectives into achievable goals (SMART goals)

    Jack Welch Success Story


    He was the CEO of General Electric He followed principle of Peter Drucker, that either you had to be No.1 or No.2 in the particular line of business or get out of it. Jack was responsible for tremendous growth in General electric during his 15 years tenure.

    Management Principles
    Employee Empowerment Economy of good to economy of knowledge Continuous training and development Change should be considered as an opportunity not threat Every decision is risky, it could be minimized with proper planning

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