Peter Drucker’s philosophies and theories have shaped management all over the world. Drucker is highly respected. He has always taught that people are an organization’s most important resource. In 1954, Drucker virtually invented ’management.’ Although, of course, management existed before, nobody had ever treated it as a distinct field. Jack Beatty’s book about Peter Drucker is not just another biography. Beatty criticizes Drucker in some areas and extols his virtues in others. The book is sometimes entertaining and consistently well written. Enough of Drucker’s ideas are included to make you want to read his books. Most of the book summarizes Drucker’s work chronologically. Company leaders who want their top people to learn about management should make this required reading. getAbstract.com recommends this book to managers in all industries.
In this summary, you will learn
- How Peter Drucker was the first to treat “management” as a distinct field;
- How he predicted the impact of economic globalization; and
- Why Drucker says that huge disparities between management and employee salaries cause resentment.
About the Authors
Jack Beatty is a senior editor at The Atlantic Monthly, where he edited several of Peter Drucker’s articles. He wrote The Rascal King, a biography of the legendary Irish-American politician James Michael Curley.