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Peter Drucker

Management theorist and author

Peter Drucker was an influential management consultant and educator, known for his contributions to modern management theory. He pioneered concepts like management by objectives and self-control, and coined the term 'knowledge worker'. Drucker's work explored organizational structures across various sectors and predicted major developments of the late twentieth century.

Related

Philip Kotler Peter Thiel McKinsey & Company Dale Carnegie John Maynard Keynes Milton Friedman Daniel Kahneman Steve Jobs Larry Page Arthur Schopenhauer

Timeline

Birth of Peter F. Drucker

Peter F. Drucker, an Austrian-born American management consultant, educator, and author, was born in Vienna, Austria. His writings significantly influenced the modern business corporation.

Peter Drucker moves to Hamburg to study law

In 1929, Peter Drucker moved to Hamburg to pursue his studies in law before transferring to Frankfurt University in the evenings. He also started writing for Der Frankfurter General-Anzeiger and became a senior editor at the age of 20, all while completing a PhD in international law.

Peter F. Drucker's Doctoral Degree

Peter F. Drucker received a doctoral degree in international and public law from the University of Frankfurt in 1931.

Peter Drucker's Emigration to England

In 1933, immediately after Hitler took power in Germany, Peter Drucker left for London. He initially worked as a trainee with an insurance company and later became the chief economist of a private bank. Drucker secured a place in John Maynard Keynes' seminar in Cambridge in 1934/35.

John Maynard Keynes Lecture in Cambridge

In 1934, Peter Drucker attended a lecture by John Maynard Keynes in Cambridge, which had a significant impact on him. Drucker realized his interest in human behavior contrasted with the focus on commodities by Keynes and other economic students.

Publication of 'The Jewish Question in Germany'

In 1936, Peter Drucker published 'The Jewish Question in Germany', which was later referenced in his book 'The End of Economic Man'. This work was initially banned and burned by the Nazis.

Peter F. Drucker moves to the United States

In 1937, Peter F. Drucker relocated to the United States to work as an adviser to British banks and a foreign correspondent for British newspapers.

Publication of 'The End of Economic Man'

'The End of Economic Man' was published in 1939 by Peter Drucker. It provided a socio-economic explanation of fascism and made a significant impact, being included in the British army's official reading list.

Drucker's Career Takes Off as Business Thinker

In 1942, Peter Drucker's career as a business thinker began to flourish when his writings on politics and society granted him access to General Motors (GM). This opportunity allowed him to delve into the internal operations of one of the world's largest companies at the time.

Consulting for General Motors Corporation

In 1943, Peter F. Drucker was invited to analyze the organizational structure of General Motors Corporation, leading to the publication of 'Concept of the Corporation' which revolutionized the understanding of large corporations.

Publication of 'Concept of the Corporation'

In 1946, Peter Drucker published 'Concept of the Corporation', a groundbreaking work based on his analysis of General Motors. This book marked his significant contribution to management theory and emphasized the importance of shareholder value and employee ownership.

Drucker joins New York University as professor of management

In 1950, Peter Drucker became a professor of management at New York University, where he would work for 21 years. This marked the beginning of his formal consulting practice and major assignments with companies like Sears, Roebuck and IBM.

Publication of The Practice of Management

In 1954, Peter Drucker published The Practice of Management, which is considered the first comprehensive guide to operating an organization as a complete system. This work laid the foundation for the discipline of business management by integrating various aspects of management into one coherent framework.

Prediction of the Rise of Knowledge Worker

In 1959, Peter Drucker first introduced the concept of 'knowledge worker', referring to employees valued for their expertise and skills. He foresaw a shift towards a knowledge-based economy where intelligence would be more important than physical labor.

Drucker receives Order of the Sacred Treasure, 3rd class from Japan

Drucker received the Order of the Sacred Treasure, 3rd class from the government of Japan on June 24, 1966.

The Effective Executive

Peter Drucker's 'The Effective Executive', published in 1967, provides guidance on effective leadership and decision-making for executives.

Prediction of Information Culture

In 1968, Peter Drucker predicted the emergence of an information culture in his book 'The Age of Discontinuity'. He anticipated a new societal era driven by the availability of electricity and information.

Receiving NYU Presidential Citation

In 1969, Peter Drucker was awarded New York University's highest honour, the NYU Presidential Citation.

Publication of Management: Tasks, Responsibilities, Practices

In 1973, Peter Drucker authored his influential book, Management: Tasks, Responsibilities, Practices, which became a seminal guide for corporate executives, nonprofit managers, and government leaders. It was likened to the Physicians’ Desk Reference for managers.

Kantrow's Analysis of Drucker's Contribution to Management

In a 1980 article, Kantrow discusses Peter Drucker's impact on the field of management, emphasizing the importance of Drucker's thought process over the specific content of his ideas. Kantrow highlights Drucker's logical and holistic approach to management, demonstrating how his method of thinking effectively convinces readers.

Toward the next economics, and other essays

In 1981, Peter Drucker published a collection of essays titled 'Toward the next economics, and other essays' in New York through Harper & Row. The book delves into various economic topics and provides insights into future economic trends.

Drucker's Essay on CEO Compensation

In 1984, Peter Drucker argued in an essay that CEO compensation should be limited to no more than 20 times the salary of the average worker, especially in companies where layoffs were prevalent. He believed that the ballooning CEO pay in Fortune 500 companies was morally and socially unacceptable.

The Frontiers of Management: Where Tomorrow's Decisions are Being Shaped Today

In 1986, Peter Drucker released 'The Frontiers of Management' in New York under Truman Talley Books/E.D. Dutton. This book likely explores cutting-edge management practices and decision-making processes.

Renaming of Management School in Honor of Peter F. Drucker

In 1987, Claremont Graduate University's management school was renamed the Peter F. Drucker Graduate School of Management (later known as the Peter F. Drucker and Masatoshi Ito Graduate School of Management) in honor of Peter F. Drucker.

The New Realities: in Government and Politics, in Economics and Business, in Society and World View

Published in 1989 by Peter Drucker in New York through Harper & Row, 'The New Realities' likely provides insights into the changing landscapes of government, economics, society, and worldviews.

Establishment of Peter F. Drucker Foundation for Nonprofit Management

The Peter F. Drucker Foundation for Nonprofit Management, now known as the Frances Hesselbein Leadership Institute, was founded in 1990. This institution aimed to advance effective management practices in the nonprofit sector, reflecting Drucker's dedication to organizational excellence.

Creation of Peter F. Drucker Award for Nonprofit Innovation

In 1991, Peter F. Drucker created the Peter F. Drucker Award for Nonprofit Innovation to recognize and promote innovative practices in the nonprofit sector.

Delivery of Godkin Lecture at Harvard University

In 1994, Peter Drucker delivered the prestigious Godkin Lecture at Harvard University, showcasing his profound insights into management and leadership. This event highlighted Drucker's intellectual influence and thought leadership.

Induction into Junior Achievement U.S. Business Hall of Fame

Peter Drucker was inducted into the Junior Achievement U.S. Business Hall of Fame in 1996.

Drucker on Asia: A Dialogue between Peter Drucker and Isao Nakauchi

In 1997, 'Drucker on Asia' was published in Tokyo by Diamond Inc., featuring a dialogue between Peter Drucker and Isao Nakauchi. This work likely offers insights into management perspectives specific to the Asian context.

Drucker receives Austrian Cross of Honour for Science and Art, 1st class

Drucker received the Austrian Cross of Honour for Science and Art, 1st class in 1999.

The Essential Drucker

In 2001, Peter Drucker published 'The Essential Drucker' in New York under Harper Business. This work likely distills the key insights and principles from Drucker's extensive body of work into a comprehensive guide.

Presidential Medal of Freedom

Peter Drucker was honored with the Presidential Medal of Freedom by U.S. President George W. Bush on July 9, 2002, recognizing his significant contributions to management theory and practice.

Drucker honored by Harvard Business Review for 'What Makes an Effective Executive'

In June 2004, Harvard Business Review honored Drucker with his seventh McKinsey Award for his article, 'What Makes an Effective Executive'.

Death of Peter Drucker

Peter Drucker passed away on November 11, 2005, just eight days before his 96th birthday. He was a renowned figure in the field of management and his contributions are still influential.

Peter F. Drucker's Death

Peter F. Drucker, a pioneer in social and management theory, passed away at the age of 95.

Establishment of Drucker Institute

In 2006, the Drucker Archives were transformed into the Drucker Institute with a mission to strengthen organizations for the betterment of society. This initiative aimed to carry forward Peter Drucker's legacy and teachings.

The Five Most Important Questions

Posthumously published in 2008 in San Francisco by Jossey-Bass, 'The Five Most Important Questions' by Peter Drucker likely poses critical questions for individuals and organizations to consider for strategic decision-making.

Eleventh Street in Claremont renamed 'Drucker Way'

In October 2009, Eleventh Street between College Avenue and Dartmouth Avenue in Claremont, California, was renamed 'Drucker Way' to commemorate the 100th anniversary of Drucker's birth.

Peter Drucker's Impact on Management Theory

Peter Drucker, known as the Father of Management, revolutionized modern business practices with his innovative ideas and philosophies. His contributions have shaped the way organizations operate today.

Drucker named world's most influential business thinker

In 2018, Drucker was named the world's most influential business thinker on the Thinkers50.com list.

End of the Timeline
Peter Drucker

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