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Peter
Drucker
was a well known economist and a leader
in business management. Born in the early
20th century, Drucker revolutionized management
theories and wrote over 30 books on business,
many detailing managerial practices for
practical use in every industry.
Peter
Ferdinand Drucker was born on November
19, 1909 in Vienna, Austria to a civil
servant of the Habsburg empire. He grew
up in a small village called Kaasgraben
where he attended school until the defeat
of Austria-Hungary during the first World
War. There was a lack of employment in
the area following the defeat and Drucker
moved to Germany to work and study.
After
working as a banker and journalist, Drucker
began studying at the university in order
to earn his doctorate in international
law. He left Germany in 1933 during the
rise of the Nazi regime and moved to London.
After four years he left London in favor
of the United States to become a freelance
writer and university professor. During
his stay, he also became well known as
a business guru and finally earned his
U.S. citizenship in 1943.
Two
years later, in 1945, The executive directors
at General Motors, one of the biggest
companies in the world during that time,
gave Peter Drucker access to their management
teams. As a result of his experiences
in Europe, Drucker formed new ideas about
management and authority and shared them
with the administrative executive, Donaldson
Brown. As a result of their collaboration,
Drucker formed the Concept of Corporation
which helped form GM's management structure
with multiple divisions. The new concepts
of management and division of labor helped
launch numerous written works that launched
not only Drucker's career but also new
ideas in corporate management.
Although
Drucker's first work was published in
1939, it wasn't until later that he began
to make major contributions to the world
of business. The 20th century brought
new types of mass production and large
corporations that still functioned on
an old management style. Drucker, having
noticed the imbalance of information and
power, began writing and giving speeches
on how companies could rework their management
structures in order to become more efficient
and make better use of the people and
knowledge within their company.
In
1950 Drucker began teaching Management
at New York University and continued to
teach until 1971. Between 1971 and 2005,
Drucker was the Clarke Professor of Social
Science and Management with the Claremont
Graduate University. In 1975 he began
working as an editorial columnist for
the Wall Street Journal and contributed
to the prestigious magazine, the Harvard
Business Review. He also wrote articles
for The Economist and The Atlantic Monthly.
Peter
F. Drucker died of natural causes on November
11, 2005 in California. Over the course
of his life he wrote 39 books, many of
which were translated into more than twenty
languages.
This Peter F. Drucker biography
may not be reproduced online.
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