Monday, November 14, 2005

Management Guru Peter F. Drucker is no more.

This sunday morning as I flipped through the Economic Times,this was a sad news to me.

Peter F. Drucker revered, as the father of modern management for his numerous books and articles stressing innovation, entrepreneurship and strategies for dealing with a changing world, died Friday. He was 95. Drucker died of natural causes at his home in Claremont, east of Los Angeles. Even few days back I had spoken to this school and had got some feedback and the best part that I liked about the school was that their booklets and brochures are small and simple in size and content and very straightforward.

"He is purely and simply the most important developer of effective management and of effective public policy in the 20th century," Drucker was considered a management visionary for his recognition that dedicated employees are key to the success of any corporation, and that marketing and innovation should come before worries about finances. This is one great lesson for the Indian economy and the Indian tech, product and IT services firms, which are expanding at an alarming rate.I follow and strictly believe in his ideas.

I believe when you have 2 I’s in tact all other things will fall in place. Have the best INTELLECT and give them time and support to INNOVATE and they will do it. Both these are people centric qualities and I don’t believe in big jargons. The world is not a place only for rocket scientists and people thinking at the rate of a processor, it’s a place for people having the latent talent in them in their own capacities. My definition of an INTELLECT is someone who is ready to explore, challenge and thinks to do something and infact does it.

His ability to explain his principles in plain language helped them resonate with ordinary managers. I don’t believe there is hardly any US based MNC or for that matter a flourishing firm in any part of the globe, which has not drawn a single nugget of information from his warehouse of ideas and visions. He championed concepts such as management by objective and decentralization, and his motivational techniques have been used by executives at some of the biggest companies in corporate America.

Drucker showed a knack for identifying sea changes in business and economics years in advance. He foresaw the emergence of a new type of worker whose occupation would be based on knowledge, not physical labor or management.Drucker was born in Vienna, and educated there and in England. He received a doctorate in international law while working as a newspaper reporter in Frankfurt, Germany. He remained in Germany until 1933, when one of his essays was banned by the Nazi regime. For a time, he worked as an economist for a bank in London, then moved to the United States in 1937.He taught politics and philosophy at Bennington College in Vermont and for more than 20 years was a professor of management at New York University's graduate business school. Beginning in 1971, he taught a course for midcareer executives at Claremont Graduate School in California, which named its business school after him.

Note: I have not read any of his books till date but read his articles on business magazines and few those that swim in the internet. A few data and inputs for this blog has been taken from Economic Times when I was running through it while having my morning tea and thought to pen this blog then. These days I feel lucky as I speak to my friends and relatives all across the world as if they are next door, all this courtesy (Yahoo Voice Chat) and this weekend spoke to kutti after a long long time. That fellow is sane and hearty even after the hurricane that hit Florida.Keep reading !!!


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