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Management Rev Ed Hardcover – April 22, 2008
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From the Back Cover
And in 1974, with MANAGEMENT, he published the book that would come to define the field. In this seminal work, Drucker explored how managers--in the for-profit and public service sectors alike--can perform effectively. Examining management cases with a global eye, Drucker laid out the essentials of performance, and of how a manager interacts with their organization and the social and cultural environment in which they operate. For three decades, managers and students of business worldwide have relied on Peter Drucker to prepare themselves to meet the challenges of an ever-changing business environment. The result is a book that--while still a fundamental work--has also slipped substantially behind the current business climate.
Now Joseph Maciariello, Professor of Management at Claremont University’s Peter F. Drucker and Masatoshi Ito Graduate School of Management and one of Drucker’s foremost students and protégés, has exhaustively revised and updated this book to meet the needs of the modern-day manager. Almost every page contains new and reworked material that reflects the thirty years of Drucker’s thinking and writing that postdated the original edition. Business examples that have now gone out of date have been reworked; commentary to explore and explain Drucker’s thinking and its applications has been added throughout. MANAGEMENT is ready at last to enter the twenty-first century and continue its reign as the must-read text for every serious student of the field.
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Top Customer Reviews
When I finally decided to purchased the book, I bought the revised edition, but unfortunately, I felt it lost much of the initial "Eureka!" effect. Consider the following quotations from the book:
1974 edition (The Purpose of a Business):
"It is the customer who determines what a business is. It is the customer alone whose willingness to pay for a good or for a service converts economic resources into wealth, things into goods. What the business thinks it produces is not of first importance - especially not to the future of the business and to its success. The typical engineering definition of quality is something that is hard to do, is complicated, and costs a lot of money! But that isn't quality; it's incompetence. What the customer thinks he is buying, what he considers value, is decisive - it determines what a business is, what it produces, and whether it will prosper. And what the customer buys and considers value is never a product. It is always utility, that is what a product or service does for him. And what is value for the customer is, as we shall (in Chapter 7), anything but obvious."
Revised 2008 edition (The Purpose of a Business):
"It is the customer who determines what a business is.Read more ›
That said, if some of the writing was diluted, the ideas are still very powerful, so I give Drucker high marks for his excellent thinking on one essential topic after another.
For anyone who has read some of my other book reviews, you'll know that I much prefer Drucker's interpretation of leadership than many others.
That said, Drucker offers fundamental, essential insight into:
- the purpose of business
- any business that works with knowledge workers.
Most Recent Customer Reviews
Instead of boring theory, it raises principles, questions for audience or managers to think and act upon their cases. Read morePublished 24 days ago by Amazon Customer
Peter F. Drucker (November 19th, 1909 in Vienna, Austria – November 11th, 2005 in Claremont, California, USA) published “The Practice of Management” in 1954 and “Management: Tasks,... Read morePublished 1 month ago by Peter de Toma sen.
This was a required text for one of my classes. And while I enjoy reading this, I wish Joseph A. Maciariello would have annotated which parts of Drucker's writings did Maciariello... Read morePublished 7 months ago by Ness
Management Classic. Pairs well with Fredmund Malik. Theory and practical theoryPublished 13 months ago by Yitch