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Product details
File Size: 959 KB
Print Length: 368 pages
Page Numbers Source ISBN: 0061345016
Publisher: HarperCollins e-books; Reissue edition (October 13, 2009)
Publication Date: October 13, 2009
Sold by: Amazon Digital Services LLC
Language: English
ASIN: B000FC11LK
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Peter Drucker has had a truly unique perspective and influence on the development of modern organizational management practices. He is old enough to have known Alfred Sloan of General Motors, and was a studious observer of the rise of the modern corporation, all the way through to its present most advanced state, the post-industrial knowledge-based corporation. Furthermore, Drucker has made major contributions over the decades to management theory and practice, through his books, teaching, consulting, and many articles in publications such as the Harvard Business Review. He has studied a broad span of management topics, from organizational behavior to individual behavior to the impact of organizations and businesses on society. He is even a bit of a futurist. So, who better to have one's life work collected into a single volume, to provide an overview of 20th century management theory?"The Essential Drucker" (TED) is definitely worth reading, for anyone with a modicum of interest in organizational management. For someone like myself, with a good number of years in business, it served as an excellent refresher course and validated many of my own beliefs about management, and the teachings that I've received through other channels. Drucker's writings are the antithesis of faddish, flaky management theories; he advocates a very solid, non-flashy, heads-down, customer and results focused approach to management that also manages to be humane. There are so many nuggets of wisdom sprinkled throughout TED that I would not be doing justice to the book to highlight only a few of them. One impression that comes across strongly, reading thoughts that Drucker put to paper decades ago, is just how true and applicable they are today.Having heaped much praise on Drucker and TED, I'm obligated to point out the book's major flaw, which is a function of the way it was put together. Drucker has produced so much writing on so many topics that it is perhaps an impossible task to condense the highlights into a single volume, and still retain anything close to the full force of his arguments. Reading TED, it appears that what most often was edited out (but not always, to be fair) was the evidence (anecdotal or otherwise) in support of his theories. You still get the theories and the declarative statements, but what is often missing is the supporting evidence and examples of the application of the theories, to provide a proper context. A veteran manager can supply these from one's own personal experience, as I was often able to do, but I feel that inexperienced readers, such as the students who Drucker claims are part of the target audience for TED, might struggle with the book.Given that Drucker and his editor decided to make a single volume rather than two or three, TED is a worthwhile summary of a lifetime's work from a great management thinker, and a decent overall survey of 20th century management theory and practices.
I have to admit that I am a latecomer to Drucker. I decided to give it a try when someone whom I respect immensely mentioned his name in passing. As there are about 50 books/essays to choose from, I picked this based solely on the title (and the reviews, of course!).I have to say that I have been very impressed with the clarity of thought, the simplicity of his ideas, and more importantly the longevity of his advice (considering that some of his initial work was with GM when Alfred Sloan was around). I, perhaps like other people, mistakenly wrote Drucker off in favor of new authors on the block. However, that's been my loss until recently.Furthermore, I decided to try some of his ideas relating to performance management, employee morale and setting expectations - the bread and butter of most business settings. The simplicity of his ideas coupled with their easy applicability is what impressed me. I will definitely try some of his other books, having gone through this and would recommend this to anyone else not sure about Drucker.So, why the 4 stars instead of 5? The book, in an attempt to cover his best writings, covers everything from business strategy to social entrepreunership to business history. That leaves the reader wanting more details and examples in the individual articles.
There probably does not exist a major league manager who has not been influenced by Drucker. This is a compilation of his books spanning his career thus far on the topic of management.Drucker is always tight in his style and words with thoughts that at first make one sit up and take notice.The first chapter sets the tone for the rest. This quote says it all: "Actually, waht is our business? is almost always a difficult question and the right answer is usually anything but obvious. The answer to the question, What is our business? is the first responsibility of top management. That business purpose and business mission are so rarely given adequate thought is perhaps the single most important cause of business frustration and business failure."To his vast experience and knowledge, it is so refreshing to here him denounce profitability as a myth for the purpose of any business. He calls it irrelevant. Of the highest relevancy for Drucker are two basic functions: makerting and innovation.Hurray, say all the marketing types! Wish the top management could join in the understanding.Drucker's views are wide open to reality searching with broad vision over the world panorama. This book is exceptional collection of some of Drucker's best writing. Well chosen for their punch and coverage of such a vital, modern topic as management, this book will serve practioners as well as those who desire an understanding of the topic.
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