Peter Ferdinand Drucker
Peter Ferdinand Drucker was born on November 19, 1909 in Kaasgraben (nowadays part of Vienna) in Austria and died on Nov.11th, 2005 in Claremont, USA. He is usually considered the founder of modern management as a separate science field.
He studied the international and public law at the University of Frankfurt, where he earned a doctorate. Then he worked as an editor at the Daily Frankfurter General-Anzeiger. Because of the rise of Nazism in 1933 he left Germany for Great Britain, where he worked as an editor of the Financial Times.
In 1937 he and his wife permanently relocated to the USA, where he became a university professor, writer, consultant and thinker in the field of management, history, economics and social sciences.
In 1946, in his work, “Concept of Corporation”, he demonstrated on the basis of his study of General Motors Corporation granted by Alfred P. Sloan, that large corporations are chaotic social systems (spoken in modern terminology) than the personification of rational bureaucratic model (Max Weber). It is known that Sloan himself never agreed with Drucker’s conclusions.
He is considered the author of a number of basic or innovative concepts in the field of management - in particular:
- Five basic managerial activities (goals determination, organizing, motivating and communication, people evaluation and development)
- Reprivatization (Margaret Thatcher took the concept under the name of Privatization)
- Management by Objectives (MBO)
- Seven new tasks of the future manager
- Business Purpose, Functions and Objectives
- Knowledge worker, knowledge economy and knowledge society