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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 ...
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.
The term 'knowledge work' appeared in The Landmarks of Tomorrow (1959) by Peter Drucker. [12] Drucker later coined the term 'knowledge worker' in The Effective Executive [13] in 1966. Later, in 1999, he suggested that "the most valuable asset of a 21st-century institution, whether business or non-business, will be its knowledge workers and ...
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.
Management consultant Peter Drucker formulated "Drucker's law" in dealing with complexity of management: "If one thing goes wrong, everything else will, and at the same time." [31] "Mrs. Murphy's law" is a corollary of Murphy's law, which states that "Anything that can go wrong will go wrong while Mr. Murphy is out of town." [32] [33] [34] [35]
GM was very pleased with Drucker's work, until Drucker published his book, Concept of the Corporation. The book strongly praises General Motors for developing management techniques, programs, and infrastructure. But GM interpreted the suggestions that Drucker made—to decentralise the company in order to even become more successful—as ...
Strategy. Management (or managing) is the administration of organizations, whether they are a business, a nonprofit organization, or a government body through business administration, nonprofit management, or the political science sub-field of public administration respectively.
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 ...