What We Can Learn From
Peter Drucker
 Peter Drucker, widely considered the founding father of the study of management, passed away recently. Drucker, born in Vienna, Austria, in 1909, worked as an economist and journalist in London before moving to the U.S. in 1937. He became a professor of management at New York University and later at Claremont University in California. Drucker wrote 35 books, including the landmarks “The Practice of Management” and “The Effective Executive”. For his accomplishments, Drucker was awarded the Presidential Medal of Freedom in July, 2002.
Excerpt from “The Practice of Management”
The manager is the dynamic, life-giving element in every business. Without his leadership, the resources of production remain resources and never become production. In a competitive economy, above all, the quality and performance of the manager determine the success of a business, indeed they determine its survival.
Excerpt from “The Effective Executive”
To be effective is the job of the executive…The executive is first of all, expected to get the right things done…Yet men of high effectiveness are conspicuous by their absence in executive jobs…Intelligence, imagination and knowledge are essential resources but only effectiveness converts them into results.
Excerpt from “Managing in Turbulent Times”
In turbulent times, an enterprise has to be managed both to withstand sudden blows and to avail itself of sudden unexpected opportunities. This means that in turbulent times the fundamentals have to be managed and managed well. The greatest danger to most enterprises today may be a hidden deterioration in the fundamentals. Fundamentals do not change. But the specifics to manage them do change greatly with changes in internal and external conditions.
Click here for more on Peter Drucker, including synopses of more of his books.
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