Tuesday, November 22, 2005

Peter Drucker 1909 - 2005

Peter Drucker passed away on November 11, 2005. His story is covered in this article in BusinessWeek Online - The Man Who Invented Management, Tuesday November 22, 8:13 am ET, By John A. Byrne, with Lindsey Gerdes in New York.
Short exerpt -
-- It was Drucker who introduced the idea of decentralization -- in the 1940s -- which became a bedrock principle for virtually every large organization in the world.
-- He was the first to assert -- in the 1950s -- that workers should be treated as assets, not as liabilities to be eliminated.
-- He originated the view of the corporation as a human community -- again, in the 1950s -- built on trust and respect for the worker and not just a profit-making machine, a perspective that won Drucker an almost godlike reverence among the Japanese.
-- He first made clear -- still the '50s -- that there is "no business without a customer," a simple notion that ushered in a new marketing mind-set.
-- He argued in the 1960s -- long before others -- for the importance of substance over style, for institutionalized practices over charismatic, cult leaders.
-- And it was Drucker again who wrote about the contribution of knowledge workers -- in the 1970s -- long before anyone knew or understood how knowledge would trump raw material as the essential capital of the New Economy.

1 Comments:

Blogger Chris said...

A big loss to the business world.

7:45 AM  

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