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    Vimalan Mathaiyan
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    Peter F. Drucker was an influential business management thinker born in 1909 in Vienna who came to the US in 1937. He wrote extensively about management practices and is considered a founder of modern management. In his 1954 book The Practice of Management, he depicted management as a distinct function with responsibilities like managing a business, managers, and workers. He introduced concepts like Management by Objectives and the five steps in decision making that are still used today. The book established management as a legitimate academic discipline and profession.

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    Peter F. Drucker was an influential business management thinker born in 1909 in Vienna who came to the US in 1937. He wrote extensively about management practices and is considered a founder of modern management. In his 1954 book The Practice of Management, he depicted management as a distinct function with responsibilities like managing a business, managers, and workers. He introduced concepts like Management by Objectives and the five steps in decision making that are still used today. The book established management as a legitimate academic discipline and profession.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
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    39 views16 pages

    Drucker

    Uploaded by

    Vimalan Mathaiyan
    Peter F. Drucker was an influential business management thinker born in 1909 in Vienna who came to the US in 1937. He wrote extensively about management practices and is considered a founder of modern management. In his 1954 book The Practice of Management, he depicted management as a distinct function with responsibilities like managing a business, managers, and workers. He introduced concepts like Management by Objectives and the five steps in decision making that are still used today. The book established management as a legitimate academic discipline and profession.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as ppt, pdf, or txt
    of 16

    Peter F.

    Drucker

    Life
    Born

    in Vienna in 1909 Educated in Austria and England Doctorate in Law in Germany Came to the US in 1937 Became writer and Business consultant at later stage.

    What made him the way he was


    Family

    background by Joseph Schumpeter

    Influenced

    Concept of the Corporation 1945


    Two

    major themes

    Decentralized

    structure Treat the workers more humanely


    Which

    draws a portrait of GM as both a social system and an economic organization.

    The Practice of Management


    Peter Drucker 1954

    The Practice of Management

    1954 The first true management book Depicts management as a distinct function Management has distinct responsibilities

    Three Roles of Management


    Managing

    a Business Managing Managers Managing Workers and Work

    Management by Objectives (MBO)

    Prepared by Employee (In Consultation with His/Her Manager) Includes Objectives and Measurement Standards Facilitates Management by Self Control

    Other Topics
    Span

    of Managerial Responsibility The Manager and his Superior The Spirit of an Organization Appraisals, Compensation, Promotions CEO and the Board Developing Managers

    The Work of the Manager


    Set

    Objectives Organize Motivate and Communicate Measurement Develop People

    5 Steps in Making Decisions


    Define

    the Problem Analyze the Problem Develop Alternative Solutions Find the Best Solution Implement the Decision

    The Manager of Tomorrow


    Must manage by objectives 2. Must take more risks and have a longer time frame 3. Must be able to make strategic decisions 4. Must be able to build an integrated team 5. Must be able to communicate fast and clear 6. Must see the business as whole 7. Must relate to total environment
    1.

    Two major assumptions


    The

    executives job is to be effective can be learned

    Effectiveness

    TIME MANAGMENT
    Three

    Step Process

    Record

    Time Manage Time (Prune the time wasters) Consolidate Time

    EFFECTIVE DECISIONS
    Executives are not paid for doing things they like to do. They are paid for getting the right things done most of all in their specific task, the making of effective decisions.

    THANK YOU

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