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Discover: The Inventor Of Business Management

August 30, 2013 General 0 Comments

Discover Business ManagementEver wonder how Business Management developed?

As corporations began to grow during the post-World War II boom of the 1940s and 1950s, there was no way to manage the corporate organizations. They were too complex – and were growing so quickly, they were essentially out of control.

It was Austrian-born business consultant and educator Peter F. Drucker who wrote the first handbook for controlling these corporations. For that, he is considered the creator and inventor of modern Business Management.

Learn more about Drucker – and how his resounding theories have made a permanent impact on Management:

Quick Facts

  • Born November 19, 1909
  • Died November 11, 2005
  • Early Influences: Joseph Schumpeter & John Maynard Keynes
  • Contributed to philosophical and practical foundations of the modern business corporation
  • Leader in the development of Business Management education
  • Inventor of “Management by Objectives” concept
  • Published 39 books & 8 educational films on Management

His Legacy

Without Drucker’s research and analysis, business professionals argue it would be almost impossible to imagine the rise of dispersed, globe-spanning corporations.

Some of his most impressive and impactful work includes:

  • Introduced the idea of decentralization
  • Argued that workers should be treated as assets not liabilities
  • Proposed corporations should be viewed as human communities
  • First to argue that there is “no business without a customer”
  • Argued for substance over style, for institutionalized practices over “charismatic, cult leaders”

By the late 20th century, however, Drucker’s analyses were actually critiques of capitalism. His work was rooted in his disenchantment with the system. He believed it rewarded the greedy and he was “sickened by the excessive riches awarded to mediocre executives even as they slashed the ranks of ordinary workers,” reports John A. Byme of Businessweek.

Drucker said of his legacy: “I helped a few good people be effective in doing the right things.” Others see his role in modern business as much larger – the former chairman of General Electric Co. calling him the “greatest management thinker of the last century.” Today, he is considered by many a guru, a Renaissance man, a teacher and a sage of business. His work and influence spread across many industries, including: journalism, academia, history and economics.

At Brown, you can learn more about the history of Business Management and how theorists like Peter F. Drucker have permanently impacted the work of modern management professionals. Take to a Business Management instructor or Admissions consultant today.

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