Published on November 19th, 2009 | by drkkr7
Remembering Peter Drucker on His Centennial
When i finished my schooling and decided to do my B.Com and wanted to specialize on Management, i still remember the gift my dad gave me that evening. That was a day when we had so many invited and uninvited guests at home. They all came home under the pretext of advising me on how to be at college, how to learn in a college, how not to be in college. How one should not get into smoke, drugs ,drinks , carriers, future, friends, money, love, and blah blah ,but all of them promptly wanted to see my score card of my school leaving exams. I could still remember their face getting perplexed seeing my marks…until then they have seen me on the roads ,parks, grounds, gully playing cricket and breaking their window panels or disturbing their sleep. To their discomfort i have not just passed the exam but also scored well and have got the course i wanted in a college of my choice on merit.
After all of them left, My dad called me and gave me a huge cake and a gift promptly gift wrapped (Any gift becomes sexier only when it is gift wrapped) and i opened it with so much imagination and to my complete shock it was a blue covered book written on top Management – Peter Drucker and i promptly showed great interest on the summer fruit cathode cake he gave me.
On that day probably i didn’t know the importance of the book but in due course it changed and till this day i treasure the book. Today to blog about Peter Drucker i use the same book and have taken his best quotes. Thank you dad for giving me the best education and instilled the curiosity to learn and grow. I live this life only because of you and what ever i am today it is because of you and mom. The books you bought for me on Management by Ducker and Marketing by Philip Kotler and the books you borrowed from your college library i will never forget. Both the books have changed my life. I share a very interesting affair with both Drucker and Kotler. I have never met Drucker but have imbibed his thoughts and i happened to write about his timeline and published it in a national journal the day he left us. I had the blessing to meet Philip Kotler the daad of Marketing and i still remember the moments i interacted with him. This picture of mine with Kotler is a treasure for me for my life.
“A TRIBUTE TO THE MANAGEMENT GURU ”
“Live simple … Think High” A man who lived the above adage Perfectly is none other than the father of Management “Sir Peter Drucker”. This Austrian journalist turned business philosopher is known for his simplicity. This Illustrious gentleman is looked upon as a philosopher to the corporate world, who saw (showcased) the future much ahead. He is a management genius and is also an authoritative writer on management spanning several Decades. This profound scholar startled the world by illustrating that people are the most important element in any organization. He advocated that human capital can transform organizations and corporate which until then believed that capital is the utmost element of any organization. He is an innovative thinker who transformed the corporate circles by his simple and splendid thoughts. He made the boardrooms and corporate czars to nurture people with talents and advocated that any organization can blossom if its human capital is taken care of. Druckers work had a major influence on modern organizations and their management over the past several decades. Drucker often set the agenda in management thinking. He always believed that machine and material could work only if we have proper MEN (read people). His groundbreaking work turned modern management theory into a serious discipline. Peter Drucker differs as a thought leader, because he cared not just about how business manages its resources, but also how public and private organizations operate morally and ethically within society. Peter Druckers contribution towards management is a precious treasure trove to the mankind. This towering statesmen, Management guru, Prolific writer, Business Philosopher and a simple human being…. has moved on…. Has moved on after not only leaving a lasting impression but also left a huge vacuum which is hard to make up in the near future.
PETER F. DRUCKER – A TIMELINE
Born in Vienna, Austria, on November 19, 1909, into a highly educated professional family that is deeply involved in the cultural, political and economic affairs of the day. His kindergarten teacher taught “the concept of management.”
1918 The school he attends in 4th grade, run by the beloved Miss Elsa and Miss Sophy, focuses on what people can do, which becomes an early model of the Drucker credo.
1919 Enters gymnasium and is instructed in religion by Father Pfliegler, who poses the key existential question, “What do you want to be remembered for?” This question will be an important touchstone for Drucker throughout his life.
1927 Moves from Austria to Germany to study law at Hamburg University. One course presents admiralty law as a microcosm of Western history, society, technology, legal thought, and economy and becomes the model for Drucker’s teaching of the discipline of management. Hears a performance of Verdi’s Falstaff at the Hamburg Opera and is inspired to do his life’s work in the spirit of Verdi, who said: “All my life as a musician I have striven for perfection. It has always eluded me. I surely have an obligation to make one more try.”
1929 Publishes two econometric papers, one of which predicts in early fall 1929 the continued rise of the stock market; this cures him permanently of making predictions. Takes a job as a trainee securities analyst in the Frankfurt branch of a Wall Street firm and transfers to Frankfurt University.
Joins Frankfurt’s largest daily newspaper, the Frankfurter General Anzeiger, as a financial writer. Promoted a year later to senior editor in charge of foreign affairs and business. His boss, Erich Dombrowski, a leading liberal editor, teaches him to evaluate his work and decide what to focus on, what to improve, and what to learn. This review becomes a key element of Drucker’s work with managers and organizations.
•Receives a Ph.D. in international law from Frankfurt University.
•Publishes essay on Friedrich Julius Stahl, a leading German conservative
philosopher, that offends the Nazi government. The pamphlet is banned and
burned. Drucker decidesnot to stay in Germany under Nazi rule and moves to
London where he works for amerchant bank and continues to write and to study
1937 Weds Doris Schmitz and moves to the United States as an American
correspondent for a group of British newspapers
1939 Publishes his first book, The End of Economic Man: The Origins of Totalitarianism
(reissued 1995), which Winston Churchill orders be included in the book kit provided to every graduate of the British Officers’ Candidate School. Teaches part-time at Sarah Lawrence College.
•Joins the faculty at Bennington College, Vermont, as a professor of politics and
philosophy. Publishes his second book, The Future of Industrial Man (reissued 1994), which leads to an invitation from General Motors to study their corporate and top management structure, his first of many consulting projects.
1945-46 Publishes The Concept of the Corporation (reissued 1992). This book, which originated in Drucker’s study of General Motors, introduces the concept of decentralization as a principle of organization and the concept of management by objectives to replace command and control. Also introduces the principle of worker responsibility, which General Motors rejects and which Japan makes the cornerstone of its postwar industrial strategy.
1950 Joins the faculty of the Graduate Business School of New York University as a professor of management, where he stays until 1971. Overhears Joseph Schumpeter, noted Harvard economist, say to his father, Adolph Drucker, “I know that it is not enough to be remembered for books and theories. One does not make a difference unless it is a difference in people’s lives.” This idea becomes a key part of Drucker’s thinking about his own life and work.
1954 Publishes The Practice of Management and establishes management among the major social innovations of the 20th century. Among his contributions are the three classic questions:
What is our business? Who is our customer? What does our customer consider value?
Receives the Presidential Citation at New York University, the highest award given by the university.
1971 Leaves New York University to become the Clarke Professor of
Social Sciences and Management at Claremont Graduate School in
1975 Begins a 20-year tenure as a monthly columnist for the editorial page of
the Wall Street Journal. Begins a self-described “period of greatest productivity.
1976 Appointed to the board of the financially distressed Asian Art Museum in San Francisco. Donors respond to his vision, and the museum is turned around. Provides a similar vision for CARE at a time when that organization is reeling from financial scandal.
1979-85 Becomes a professorial lecturer in Oriental art at Pomona College in Claremont, Calif.
1987 The Peter F. Drucker Graduate Management Center at Claremont Graduate University is named in his honor.
•The Drucker Center becomes The Peter F. Drucker Graduate School of Management at
Claremont Graduate University. !The Drucker Archives is inaugurated at Claremont Graduate University. Drucker’s works are collected and categorized in the archives, making his ideas, ideals, and philosophy widely accessible to scholars and practitioners.
2001 The Salvation Army awards Drucker the Evangeline Booth Award, its highest civilian honor, for his tremendous influence for positive good in the nonprofit field. “There is no organization I admire more or respect more than the Salvation Army,” Drucker said. “It has been my teacher and my mentor.”
2002 Drucker is awarded the Presidential Medal of Freedom by President George W. Bush for his service to the field of management.
2004 The name of Drucker’s friend Masatoshi Ito is added to the name of the Drucker School in recognition of Ito’s longstanding relationship and significant financial support for the school.
2005 McKinsey Award. Presented by the Harvard Business Review for the best business
article published by HBR in 2005. Drucker’s “What Makes an Effective Executive” tied
for first place.
Today (Thursday 19 NOV 09 ) this blog is to salute Peter Drucker on his centennial :