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Book Title: Management Rev Ed|
Format files: PDF
The size of the: 2.85 MB
ISBN 13: 9780061769450
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Reader ratings: 3.2
The author of the book: Peter F. Drucker
Date of issue: November 18th 2008
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This is the magnum opus of one of the greatest business minds of the 20th century, filtered and updated by one of his students five years after his death.
It took me a year and a half to make it through this book. Each chapter was so dense with thought-provoking concepts that I couldn't read more than about one a week. The book's preface recommends reading each chapter as a standalone essay, which I agree with.
The core hypothesis here is both simple and grand. Organizations (meaning for-profit companies, schools, hospitals, etc) are organs in the body of our society. The role of a manager is to make organizations perform. Therefore, a healthy society depends on the managers which populate its organizations.
From that foundation, it becomes obvious why studying and improving the craft of management is not only worthwhile but perhaps even a moral imperative.
I was surprised how much of the information here is directly relevant to management in an early-stage startup. Drucker was in his prime in the 1960s through the 1980s. Startup folks like me think we're throwing all the rules out, but perhaps the core principles of running an effective business are timeless.
Note that Drucker did not spend much of his career as a manager. He was an economist, journalist, and business consultant. He observed, recorded patterns, and fed that back into practical use via his role as an advisor.
This is a seriously weighty tome, and I probably made a bigger time investment reading it than any other book I've ever read. But what a payoff.
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Read information about the authorPeter Ferdinand Drucker was a writer, management consultant and university professor. His writing focused on management-related literature. Peter Drucker made famous the term knowledge worker and is thought to have unknowingly ushered in the knowledge economy, which effectively challenges Karl Marx's world-view of the political economy. George Orwell credits Peter Drucker as one of the only writers to predict the German-Soviet Pact of 1939.
The son of a high level civil servant in the Habsburg empire, Drucker was born in the chocolate capital of Austria, in a small village named Kaasgraben (now a suburb of Vienna, part of the 19th district, Döbling). Following the defeat of Austria-Hungary in World War I, there were few opportunities for employment in Vienna so after finishing school he went to Germany, first working in banking and then in journalism. While in Germany, he earned a doctorate in International Law. The rise of Nazism forced him to leave Germany in 1933. After spending four years in London, in 1937 he moved permanently to the United States, where he became a university professor as well as a freelance writer and business guru. In 1943 he became a naturalized citizen of the United States. He taught at New York University as a Professor of Management from 1950 to 1971. From 1971 to his death he was the Clarke Professor of Social Science and Management at Claremont Graduate University.
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