Peter Drucker - Management Thoughts

Couple thoughts from a recent article on the book – Management: Revised Edition, by Peter F. Drucker


Drucker considered management to be a blend of action and contemplation. The words "think" and "thinking through" appear throughout. Managers must take the time to consider what they are doing and just as important, why they are doing it. He produced a vast body of work, nearly 40 books and countless articles, before he died in 2005 at 95.

Many of his classic themes are on display, including:
•Management by objectives. Your organization's strategy for the present and future, converted into targets and assignments in such areas as marketing, innovation, human resources, productivity and social responsibility.
•The theory of the business. Collectively, it's the assumptions an organization makes about markets, customers, competitors, technology and other factors that make up its reason for being, or as he bluntly puts it, "what a company gets paid for." If your theory is outdated or no longer valid, you're headed for trouble.
•Management revolving around people. A manager's job is defined by relationships with colleagues, "upwards, downwards and sideways."
•Information responsibility. You must ask yourself what information you need to do your job and where you will find it. Related questions are what information you owe to others and what they owe to you.
•Getting out of the office. The key areas affecting your organization will inevitably take place in the outside world. Go out and talk to customers and find out who your non-customers are. Become a volunteer in a non-profit agency, not only for personal growth and helping others, but to work with and learn from people who don't necessarily see things as you do.



a few good pearls from Peter Drucker... Hope you enjoyed.