3 Review(s)

The Practice Of Management, by Peter F. Drucker, is a comprehensive introduction, to the technical, personnel and administrative aspects of business, as well as the factors that contribute to business efficacy and economic welfare. Summary Of The Book The Practice Of Management, is an essential book for everyone, including managers, employees, aspiring management students and all individuals in leadership positions. In this practical guide, Drucker examines some key concepts that affect the efficiency of all businesses. He discusses in detail, topics such as, the role, jobs and challenges of management, how to a manage a business, managing managers, the structure of management, and lastly, the management of employees and their work. Drucker also examines the philosophical aspects to management, by addressing what it means to be a good manager and highlighting some of the responsibilities of management. Drucker helps readers understand many of his principles by providing concrete examples from the business world. For example, he used IBM to highlight his discussion on managing personnel. In his chapters on developing managers, he addressed the Ford company, and their challenges and successes, with regards to developing an efficient organization. The Practice Of Management, continues to be an influential book. It continues to receive praises. According to a poll from the Fellows Of the Academy of Management, Drucker’s book was the third most influential management book in the 20th century. About Peter F. Drucker Peter Ferdinand Drucker, was a management consultant, educator and author, of Austrian descent. Apart from The Practice Of Management, he has authored over twenty books related to management and ethical business practices. Some of these include The Essential Drucker and The Frontiers of Management: Where Tomorrow's Decisions are Being Shaped Today. In his book, Drucker uses a narrative style to communicate his principles on business management. Peter Drucker is considered as the leader in developing philosophical and practical guidelines in management education. He has received many awards and accolades including the Presidential Medal of Freedom and the McKinsey Award. He passed away in 2005, at the age of 91.