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Peter Ferdinand Drucker ( / ˈdrʌkər /; German: [ˈdʀʊkɐ]; November 19, 1909 – November 11, 2005) was an Austrian American management consultant, educator, and author, whose writings contributed to the philosophical and practical foundations of modern management theory. He was also a leader in the development of management education, and ...
Drucker's biographer Jack Beatty referred to it as "a book about business, the way Moby Dick is a book about whaling". [1] In writing and researching the book, Drucker was given access to General Motors resources, paid a full salary, accompanied CEO Alfred P. Sloan to meetings, and was given free run of the company.
Management by objectives (MBO), also known as management by planning (MBP), was first popularized by Peter Drucker in his 1954 book The Practice of Management. [1] Management by objectives is the process of defining specific objectives within an organization that management can convey to organization members, then deciding how to achieve each objective in sequence.
Before and after In Search of Excellence, Peter Drucker was probably the preeminent management theorist. [11] Drucker presaged and covered similar perspectives to Peters and Waterman's approach to management theory, for example in Drucker's 1954 book The Practice of Management. Peters first read Drucker's The Effective Executive in 1968. [12]
SMART criteria. A variant of the SMART model. S.M.A.R.T. (or SMART) is an acronym used as a mnemonic device to establish criteria for effective goal-setting and objective development. This framework is commonly applied in various fields, including project management, employee performance management, and personal development.
The cover of The Peter Principle (1970 Pan Books edition). The Peter principle is a concept in management developed by Laurence J. Peter which observes that people in a hierarchy tend to rise to "a level of respective incompetence": employees are promoted based on their success in previous jobs until they reach a level at which they are no longer competent, as skills in one job do not ...
In the latter half of the twentieth century, Peter Drucker emerged as one of the most influential business thinkers in America. He introduced the concept of management by objectives, consulted for ...
Management theorist Peter F Drucker wrote in 1954 that it was the customer who defined what business the organization was in. [16] In 1960 Theodore Levitt argued that instead of producing products then trying to sell them to the customer, businesses should start with the customer, find out what they wanted, and then produce it for them.