Peter Drucker
Introduction
An organization is to be defined as a social entity knowingly created and recreated to hunt for particular objectives (Etzioni, 1964). Although this definition is out-of-date, the perception of what an organization should be stayed the same. The term can also refer to the staffs themselves or the progression of reaching a mutual objective, classified into product and service based.
Effective modern organizations should be able to turn their investments to lucrative profits hence minimizing the workload as one successful entity in order to accomplish its objective. Given the wide range choices of business strategies, it is understandable that there are huge amount of business philosophies in which they can be utilized. With that said, Peter Drucker, also known as “the father of modern management”, has indeed transformed modern management philosophy into a profound regulation (Rosenstein, 2008).
Peter Drucker a man, born in 1909 in Vienna, entered a London investment organization upon the rising of Hitler, before he moved to the United States in 1937 (Hiltzik, 2009). He received education in Austria and England and acquired a law doctorate in Germany (Duncan, n.d.). He later transferred to the New York University after he taught at Bennington College in which he settled for two decades, then he became a professor at Claremont Graduate University from 1971 almost until his passing away (op.cit.). Following his death at the age of 95, Peter Drucker’s teachings on business management have preserved their astounding insight for several years.
Management by Objectives
Many of the concepts that Drucker established since the 1940s have been instilled into the basis of the world renowned organizations and adopted as secondary features by a communal entrepreneurs’ generation (Wartzman, 2007). Among them, Peter Drucker has introduced the concept of management by objectives (MBO). MBO has gotten its share of reviews over the past and it can be defined by
An organization is to be defined as a social entity knowingly created and recreated to hunt for particular objectives (Etzioni, 1964). Although this definition is out-of-date, the perception of what an organization should be stayed the same. The term can also refer to the staffs themselves or the progression of reaching a mutual objective, classified into product and service based.
Effective modern organizations should be able to turn their investments to lucrative profits hence minimizing the workload as one successful entity in order to accomplish its objective. Given the wide range choices of business strategies, it is understandable that there are huge amount of business philosophies in which they can be utilized. With that said, Peter Drucker, also known as “the father of modern management”, has indeed transformed modern management philosophy into a profound regulation (Rosenstein, 2008).
Peter Drucker a man, born in 1909 in Vienna, entered a London investment organization upon the rising of Hitler, before he moved to the United States in 1937 (Hiltzik, 2009). He received education in Austria and England and acquired a law doctorate in Germany (Duncan, n.d.). He later transferred to the New York University after he taught at Bennington College in which he settled for two decades, then he became a professor at Claremont Graduate University from 1971 almost until his passing away (op.cit.). Following his death at the age of 95, Peter Drucker’s teachings on business management have preserved their astounding insight for several years.
Management by Objectives
Many of the concepts that Drucker established since the 1940s have been instilled into the basis of the world renowned organizations and adopted as secondary features by a communal entrepreneurs’ generation (Wartzman, 2007). Among them, Peter Drucker has introduced the concept of management by objectives (MBO). MBO has gotten its share of reviews over the past and it can be defined by
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