The Practice of Management

Author: Peter Drucker (USA)
Publisher:
Publish Date: 2006-01-01
Features: This book enables you to step outside the company and examine and solve internal problems from the perspective of creating market demand externally. It advocates for holistic, systematic management rather than isolated, partial approaches, allowing you to navigate the company's growth from small to large with the potential to move from growth to success. The Practice of Management guides you to learn management in practice and achieve advancement through successful management practices. The grand structure of modern management is built upon the series of ideas proposed in this book. Most current popular management concepts and practices can trace their roots back to this book, including: Management by Objectives (MBO), Participative Management, Knowledge Worker Management, Customer-Oriented Marketing, Performance Evaluation, Career Management, Divisional Decentralized Management, Corporate Culture, Self-Managed Teams, and even the recently popular Balanced Scorecard. ... To achieve economic performance, management of managers must have a business. Therefore, the second function of management is to utilize human and material resources to create a business that can generate economic value. Specifically, this is the function of managing managers. By definition, a business must be able to produce...