Book Review: The Practice of Management by Peter F. Drucker

The Pr movementice of Management by Peter F. Drucker. Harper & deoxyadenosine monophosphate; Row, 1954 This demand is divided into 6 main parts: Managing A avocation; Managing Managers; The Structure Of Management; Management Of Workers And The Worker; What It instrument To Be A Manager; and a conclusion. In Managing a Business, Drucker stresses the magnificence of the customer , not stinting or market forces, in defining a subscriber line. He suggests that it is the customer, not forces, that converts economic resources into wealth, and things into goods. He states that there is only one valid rendering of railway line purpose: to create a customer. (p.37) Drucker goes on to say that all business enterprise has two elementary functions - marketing and innovation. I would argue that there should be other(a) functions to add to this - what rough technology or human resources? Drucker besides discusses how a business should be managed - by objectives. Objectiv es should be stigmatise in 8 areas - market standing; innovation; productiveness; physical and pecuniary resources; profitability; management death punishment and development; worker performance and attitudes; and public responsibility. These eight areas would step up to be all encompass however the last cardinal areas are somewhat intangible asset and therefore would be difficult to measure performance by. In Managing Managers, Drucker gives the lesson of Henry cut through as a way of not managing an enterprise. Ford act to run his comp each without the aid of managers and quashed any attempts by his subordinates to suppose freely and make business decisions. Supervisors were demoted if they tried to make decisions and a culture of mistrust and misrule was embraced.

The root of this was that when he died, the conjunction had no managers who could make decisions and plan for the companys future. positivity was non-existent. Fords successor brought in management from competitors... For any Peter Drucker fans or students whom emergency to nobble more about Drucker, this is an excellent book review. Drucker is an authority on management books and I highly think management students shadower learn from this review. This is written very comfortably and gives a beseeming overview of this book. Covers the high points without being too wordy. If you want to get a full essay, order it on our website: OrderEssay.net

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