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Ch. 3: Peter Drucker: The Guru's Guru (Contributions (Knowledge…
Ch. 3: Peter Drucker: The Guru's Guru
Alpha Male of MT
Inventor of privatization
Apostle of a new class of kwnoledge workers
Champion of management as a serious intellectual discipline
Te
only one
management theorist that someone
ought
to read
26 Books
Thousands of articles
10 thousands of lectures
Lots of management advice
Life
1909
Australian middle class
PhD. International and Public Law (Frankfurt U. - 1931)
Names
Theorists
Adam Smith (1723-90)
#
Jean Baptise Say (1767-1832)
About running enterprises
Practitioners
Robert Owen (1771-1832)
"Pioneer of personnel management" (mill)
Frederick Taylor
Eli Whitney (1765-1835)
Assembly line (guns)
Books
End of Economic Man (1939)
The Future of Industrial Man (1942)
The Concept of the Corporation
Wrote it working for GM
Decentralization
Treat company as a social and economic system
Empowering workers
Value of knowledge of workers
The Practice of Management (1954)
Objetives of company
Objetives of the manager
Translate long-term strategy in short-term objetives
The age of discontinuity (1969)
The role of the government os to govern, not to do things that the private sector should do.
Post Capitalist Society (1993)
Government must stop meddling with economy.
Managing in a Tim of Great Change
Three problems for modern managers
Sheer scale of contemporary managerial change
Frequency of managerial failure
Growing tension btw business and environment
Contributions
Empowerment of workers
Against assembly line, bc of the monotony and lack of satisfaction
Knowledge workers instead of typical industrial proletarian
Managers --> engage mind no control hands
Government --> Improve country's stock of knowledge
Workers ---> free and empowered, need training, pensions, etc.
Organizations are not an end but a means
Structure must be designed to achieve the objetives
Companies have a shared vision, set by the general manager
Management is important in every sphere of life
The defining organ in all modern institutions
Countries grow because of new organizations not new tech
"An organization is ahuman, social, indeed a moral phenomenon"
Great managers are driven by the desire to create value for customers
To do that, the workers need to be treated as resources capable of produce value:
Well-being of workers
Combination of well-being of workers and management by objetives
Management by objetives
#
Part of the rational school
Approach that dominates
strategic thinking
Elite managers:
Set strategies and objetives
Structure of the firm should follow this strategy
General managers set the objetives but allow subordinates to decide
how
to accomplish them
Corporate culture
Criticism
States the obvious
The Academia doesn't respect him
Seen by the Academia as a journalist not a scholar
Too generalist
Simplistic and obscure
Moss Kanter --> "management utopian"
Authors comments
Not a Management theorist but a cosmopolitan intellectual
He is a polymath concentrated in management. bc it was important for him.