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Management Rev Ed Hardcover – April 22, 2008
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He was a man who persistently stayed ahead of his time. As begetter of the science of management he towered above the imitators he spawned. Guardian PETER DRUCKER was a doyen of management theory whose influence spanned eight decades. Times
From the Back Cover
There are very few writers of whom one can say they invented an entire field of study: Peter F. Drucker is one. “Management” as a concept literally did not exist until Drucker’s groundbreaking work. From Jim Collins to Jack Welch, every great theorist and practitioner of management has walked in Drucker’s footsteps.
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 Business examples that have now gone out of date have been reworked; commentary to explore and explain Drucker’s thinking and its applications has been added throughout.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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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.
* Enabling one to clearly visualize "Management as a system of interrelated elements" (Management, Revised edition, pp. xvi-xvii) and
* Enabling one to shape and assemble the various management elements into a dynamic whole (organization).
A recent paper published by IBM: "The Social Business, Advent of a new age" makes the case that, among other things, systems, networks and complexity have become part of our day-to-day environment:
"... remarkable progress has taken place to make the complex systems that people rely on - cities, energy grids, food distribution chains, healthcare networks, banking systems, etc. - smarter. Perhaps most remarkable of all, however, has been the application of this vision to people themselves. Instrumentation, in the form of smartphones, has put unprecedented power literally in people's hands, anywhere they go. The meteoric rise of social networking, which now accounts for 22 percent of people's time spent online, has connected nearly every individual on earth. And the emergence of social analytics means not only are individual people intelligent, but networks of people have become intelligent as well and are able to learn from interactions and associations to deliver recommendations and take action. As the global network of people becomes instrumented, interconnected and intelligent, dramatic shifts are taking place. The ways individuals interact, relationships form, decisions are made, work is accomplished and goods are purchased are fundamentally changing. Consumers now wield unprecedented power over how brands are perceived. Crowdsourcing is changing industry landscapes by leveling the intelligence playing field at an extraordinary rate. In addition, employees are demanding social tools in the workplace - and are actively sidestepping established hierarchies and IT processes to use them. As a result, the world finds itself at a transformative point with regard to how business is done. We believe it is the dawn of a new era - the era of the Social Business."
Acting on the above information provided by IBM by gaining understanding of how systems theory can be applied to managing various knowledge networks/organizations is probably advisable for anyone responsible for the future of their own organization. This book provides a fundamental management systems-framework, into which emerging new concepts, such as Social Business, Big Data and others, can be integrated, without losing organizational focus.