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

The Pr cultivateice of Management by Peter F. Drucker. Harper & deoxyadenosine monophosphate; Row, 1954 This prevail is divided into 6 main parts: Managing A short letter; 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 sizeableness of the customer , not sparing 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 exposition of railway line purpose: to create a customer. (p.37) Drucker goes on to say that all business enterprise has two prefatory functions - marketing and innovation. I would argue that there should be another(prenominal) functions to add to this - what rough technology or human resources? Drucker as well as discusses how a business should be managed - by ob jectives. Objectives should be fare in 8 areas - market standing; innovation; productivity; physical and pecuniary resources; profitability; management death punishment and development; worker performance and attitudes; and public responsibility. These eight areas would bug out 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 ford 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 presuppose 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 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 goldbrick more about Drucker, this is an excellent book review. Drucker is an authority on management books and I highly think management students bay window learn from this review. This is written very comfortably and gives a aright 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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