Synopsis of on Profession of Management - Peter Drucker

1943 Words Jan 21st, 2011 8 Pages
On the Profession of Management is a compilation of Druckers work that has appeared in the Harvard Business Review over the last 30 years. Review editor Nan Stone has organized 13 articles into two sections. The first, The Managers Responsibilities, focuses on the burgeoning business realities that have serious implications on the present business scenario. Dynamic shifts in the current business theory, management practices and the ways to make effective decision are some of the key challenges faced by today’s managers. The second, The Executives World, focuses on - the history of management, the transformation from the traditional command-and-control model to knowledge-based organizations, emergence of information technology, and valuable …show more content…
The focus of manager should be on the strengths not the weakness of the candidates, and decisions the individual must understand the job. By and large Drucker emphasizes that making right decisions is not only imperative but speaks volumes about the management, its values and long term objectives; if we look at the staffing and promotion decisions mentioned above we can easily infer that if a disparity occurs in employee capabilities and job requirements how it diminishes the productivity of the company but also at the same time it promotes a culture highly charged with politics & tardiness.

It is usually considered by organizations to capitalize on a magical idea virus that aims to achieve future economic – such a stance is based on what future will hold? And long-term planning responds to this very notion. Drucker strongly dismisses that and proposes that it is not absolutely necessary for every business to search for the idea that promises future. He furthermore says that future cannot be known and it is not determined and not formed but can be shaped through strong willed action; A proactive approach regarding how future should be is what generates ideas, actions that lead to success in future. Small organizations who believed in what future should hold have earned success in long run such as IBM or Xerox. Long term planning is not only for large companies but also for small businesses that the future. An idea is not just an idea but an
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