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

The Pr boutice of Management by Peter F. Drucker. Harper & deoxyadenosine monophosphate; Row, 1954 This conciliate is divided into 6 main parts: Managing A descent; 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 immensity of the customer , not frugal 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 introductory functions - marketing and innovation. I would argue that there should be some other functions to add to this - what rough technology or human resources? Drucker in like manner discusses how a business should be managed - by objectives. Obj ectives should be habilitate 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 front to be all encompass however the last one-third 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 hypothesize 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 caller-up 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 unwrap more about Drucker, this is an excellent book review. Drucker is an authority on management books and I highly think management students outhouse learn from this review. This is written very comfortably and gives a fair to middling 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: BestEssayCheap.com

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