Peter Drucker - absurbs of his book

Peter Drucker - absurbs of his book - Peter Drucker The...

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Peter Drucker – The Practice of Management THE ROLE OF MANAGEMENT The dynamic element in every business--A distinct and a leading group--The emergence of management--The free world's stake in management. THE manager is the dynamic, life-giving element in every business. Without his leadership the "resources of production" remain re sources and never become production. In a competitive economy, above all, the quality and performance of the managers determine the success of a business, indeed they determine its survival. For the quality and performance of its managers is the only effective advantage an enterprise in a competitive economy can have. Management is also a distinct and a leading group in industrial society. We no longer talk of "capital" and "labor"; we talk of "management" and "labor." The "responsibilities of capital" have disappeared from our vocabulary together with the "rights of capi tal"; instead, we hear of the "responsibilities of management," and (a singularly hapless phrase) of the "prerogatives of management." We are building up a comprehensive and distinct system of "educa tion for management." And when the Eisenhower Administration was formed in 1952, it was formed consciously as a "Management Administration." The emergence of management as an essential, a distinct and a leading institution is a pivotal event in social history. Rarely, if ever, has a new basic institution, a new leading group, emerged as fast as has management since the turn of this century. Rarely in human history has a new institution proven indispensable so quickly; THE JOBS OF MANAGEMENT Management the least known of our basic institutions--The organ of the enterprise--The first function: economic perform ance--The first job: managing a business--Managing as creative action--Management by objectives--Managing managers--The enterprise as a genuine whole--Managers must manage--"It's the abilities, not the disabilities, that count"--Managing worker and 1
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work--The two time dimensions of management--The integrated nature of management. DESPITE its crucial importance, its high visibility and its spectacular rise, management is the least known and the least understood of our basic institutions. Even the people in a business often do not know what their management does and what it is supposed to be doing, how it acts and why, whether it does a good job or not. Indeed, the typical picture of what goes on in the "front office" or on "the four teenth floor" in the minds of otherwise sane, well-informed and intelligent employees (including, often, people themselves in re sponsible managerial and specialist positions) bears striking re
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This note was uploaded on 04/19/2011 for the course MBA 550 taught by Professor Schneider,d during the Spring '11 term at AIB College of Business.

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Peter Drucker - absurbs of his book - Peter Drucker The...

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