Summary of Management

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Recommendation

To say that Peter F. Drucker wrote the book on management is absolutely accurate, but only if you make that plural. During his long lifetime, “the founding father of the study of management” published 34 major works, including 15 on the art and science of enterprise management. Drucker had a front-row seat for the managerial exploits of the 20th century’s leading corporations, and this update to his 1973 classic Management: Tasks, Responsibilities, Practices includes his kaleidoscopic take on many of them. Revised by Joseph A. Maciariello to incorporate Drucker’s later writings, this version lucidly covers every aspect of management, plus a remarkably diverse array of topics such as nonprofits, service organizations, corporate governance and “knowledge workers” (a term Drucker used to describe white-collar, skilled professionals in the labor force). getAbstract confirms that if you want to learn about management, you cannot do better than read Drucker’s acknowledged masterpiece. This is the bedrock business book.

In this summary, you will learn

  • Why management is critical to modern enterprises,
  • How the discipline evolved and
  • How to organize the managerial function.
 

About the Author

Peter F. Drucker (1909-2005) was an influential thinker and writer on management theory and practice. Joseph A. Maciariello was Drucker’s collaborator for 26 years.

 

Summary

Modern Enterprises Need Managers
The rise of management as an organizational discipline arguably is the most important business development of the 20th century. Management practices came into demand when labor transitioned from manual work to “knowledge work.” In the early 1900s, 90% ...

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