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The Practice of Management Paperback – May 26, 1993


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Product Details

  • Paperback: 416 pages
  • Publisher: Collins (May 26, 1993)
  • Language: English
  • ISBN-10: 0887306136
  • ISBN-13: 978-0887306136
  • Product Dimensions: 7.9 x 5.3 x 1.1 inches
  • Shipping Weight: 12 ounces
  • Average Customer Review: 4.5 out of 5 stars  See all reviews (40 customer reviews)
  • Amazon Best Sellers Rank: #1,623,423 in Books (See Top 100 in Books)

Editorial Reviews

Review

"Our debt to Peter Drucker knows no limit." -- -- Tom Peters

"The dean of this country's business and management philosophers." -- -- Wall Street Journal

About the Author

Peter F. Drucker was considered one of management's top thinkers. As the author of more than 35 books, his ideas have had an enormous impact on shaping the modern corporation. In 2002, he was awarded the Presidential Medal of Freedom. During his lifetime, Drucker was a writer, teacher, philosopher, reporter, consultant, and professor at the Peter F. Drucker and Masatoshi Ito Graduate School of Management at Claremont Graduate University.


More About the Author

Peter F. Drucker (1909-2005) was considered the top management thinker of his time. He authored over 25 books, with his first, The End of Economic Man published in 1939. His ideas have had an enormous impact on shaping the modern corporation. One of his most famous disciples alive today is Jack Welch. He was a teacher, philosopher, reporter and consultant.

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Customer Reviews

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I would rate this as one of the best buys I have made this year.
Hobbes
The book is written in a very engaging manner and is not what you would expect for such an old book.
Jackal
This classic book is a must read for anyone wanting to learn the best way to practice management.
Romeo Richards

Most Helpful Customer Reviews

37 of 37 people found the following review helpful By Gerard Kroese on July 21, 2006
Format: Paperback
The late Peter F. Drucker is the most influential management thinker of the 20th Century. This book was first published in 1955 and consists of five parts plus a proper introduction and conclusion. Drucker, in the Preface, explains that the first aim of this book "is to narrow the gap between what can be done and what is being done, between the leaders in management and the average".

The Introduction - The Nature of Management - consists of three chapters. Within the first chapter Drucker explains that "the manager is the dynamic, life-giving element in every business" and that management "is the organ of society specifically charged with making resources productive, that is, with the responsibility for organized economic advance." In the second chapter Drucker explains that "management is the least known and the least understood of our institutions" and discusses the three functions of management: managing a business, managing managers, and to manage workers and work. The third chapter states that management faces its first test of its competence and its hardest task in the then imminent industrial revolution called `automation'. Drucker does explain that automation is not `technical', but primarily a system of concepts, a concept of the organization of work.

The first of six chapters within Part I - Managing a Business - uses the Sears, Roebuck & Company as an illustration of what business is and what managing it means. Based upon this illustration, Drucker concludes in Chapter 5 that "there is only one valid definition of business: to create a customer. ... It is the customer who determines what a business is." Chapter 6 introduces Drucker's most famous question: "What is our business - and what should it be?
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23 of 23 people found the following review helpful By Hobbes on December 2, 2004
Format: Paperback
What can I say about Peter Drucker that hasn't already been said.

Written in 1954 it is as relevant to today's world (perhaps even more so) as it was back then. Fundamentally what strikes me about the Practice of Management is that it advocates a profoundly ethical view of management and the responsibilities of management.

If you walk away with a just a few of the ideas he presents, you will be a better manager:

1) Management by objectives

2) The imporance of having the right "spirit" in an organisation.

3) The need for managers to feel empowered and have all the authority they need to carry out their job.

4) Appropriate rewards for strong performance and the need for censure when performance is weak.

5) Creating an open culture where mistakes are expected and form a basis for future knowledge.

I could go on.

As a final note, Peter Drucker foresaw one of the most remarkable changes in industry - a change that allowed the movement from vertically integrated industries to a distributed supply chain model - and that strong managers would be needed to deal with it.

I would rate this as one of the best buys I have made this year.
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23 of 26 people found the following review helpful By A Customer on October 24, 1998
Format: Paperback
Peter Drucker wrote this book at the height of the mis-application of statistics and "science" in areas such as management and economics. Drucker, who had the benefit of experience, saw the flaws decades before the rest of us. I suspect that the reason Drucker was so ahead of his time is that he was able to tap the experience of the great industrialists who probably were unwilling to share the trade secrets of their management knowledge with the general public. It wasn't until the 1980s when the masses began to learn these things.
The book is a classic and is just as valid today as it was in the mid 20th century (why wouldn't it be?).
Drucker explains within the book the reason for the word "practice" rather than "theory" of managment.
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18 of 22 people found the following review helpful By "prudentbear" on June 1, 1999
Format: Paperback
Peter Drucker needs no introduction. His works have shaped the management thought and philosophy for the last half a century. What he discusses in this volume, other management thinkers will find only 40 years later. A must read for understanding- What management and business is all about.
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12 of 14 people found the following review helpful By A Customer on August 23, 1998
Format: Paperback
I feel quite stupid when I read the book written in 1954! and noticed that most of the things that today are explained and developed in management books, have already been stated 30 years ago. Not only the author gives the clues to understand the present management techniques but he shows how should be used and why. DO not expend more money in new management books until you haven't read that first
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20 of 26 people found the following review helpful By José A. Sánchez Villanueva on June 29, 2001
Format: Paperback
It's really susprising how a book dated 54 can be so modern. Throughout its pages you can see paragraphs that simply are the source of many later killing books. Mac Gregor's theory, Hertzberg's ergonomic factor, the vision of Ted Levitt about marketing myopia, the search for simplicity, the moder concept of ethical behavior of companies and so many others. Really amazing how Drucker already peeked on these points many years ago. what new have all those new gurus been speaking about?.
Nevertheless, the most striking issue it's his lookout for human vertues in managers. Integrity anf character are the main tools of the right manager. We are still on the search for them!!!.
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