Important Thinkers of Management & Their Contribution

2587 Words11 Pages
Introduction & trends in HR 1-“The point is that these differences demand attention so that each person can maximize his or her potential, so that organizations can maximize their effectiveness and so that the society as a whole can make the wisest use of its human resources” (Cascio). 7-S framework created by McKinsey & Company distinguishes seven components in a company’s architecture: strategy, structure, systems, staff, style, skills and shared values. PF Drucker had remarked that “man, of all the resources available to man, can grow and develop purpose of human resource management is to improve the contribution made by people to organizations, (Davis) through effective and efficient use of resources HRM is,…show more content…
Putnam and Diana McLain Smith, advocates an approach to research focusing on knowledge generation and practical problem solving. His main research explored the impact of formal organizational structures, control systems and management on the individual as well as his/her responses. INDIAN MANAGEMENT GURUS -Prahalad, Vijay Govindarajan, Ram Charan and Rakesh Khurana have made it to the 'Thinkers 50' rankings released in London on Thursday by Suntop Media in association with the European Foundation for Management Development (EFMD). While the previous ranking in 2003 had only two Indians-Sumantra Ghoshal (no. 11) and Prahalad (no. 12)-this year's ranking has four. Besides Prahalad, the other three have made it to the list for the first time (Ghoshal died in 2004). These include CEO coach and business advisor Ram Charan (no. 24), Tuck Business School professor Vijay Govindarajan (no. 30) and Harvard Business School professor Rakesh Khurana (no. 33), who Dearlove and Crainer describe as a "rising star". While acknowledging the presence of so many Indians in the list, the duo said, "(The rankings) would also have included London Business School's Sumantra Ghoshal, who tragically died in 2004." They go on to add, "As yet, no Chinese guru has emerged." Peter F Drucker, the father of
Open Document