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At Claremont Graduate University, the Peter F. Drucker Graduate Management Center – now the Peter F. Drucker and Masatoshi Ito Graduate School of Management – was established in 1987 and continues to be guided by Drucker's principles. [75] The annual Global Peter Drucker Forum was first held in 2009, the centenary of Drucker's birth. [76]
Strasnick, T. (1981) "Neo-utilitarian Ethics and the Ordinal Representation Assumption", in Philosophy in economics, edited by J. Pitt, Reidel Publishing. Luetge C., ed. 2013, Handbook of the Philosophical Foundations of Business Ethics. Heidelberg/New York: Springer, ISBN 978-9400714953
The cover of The Peter Principle (1970 Pan Books edition). The Peter principle is a concept in management developed by Laurence J. Peter which observes that people in a hierarchy tend to rise to "a level of respective incompetence": employees are promoted based on their success in previous jobs until they reach a level at which they are no longer competent, as skills in one job do not ...
Management by objectives (MBO), also known as management by planning (MBP), was first popularized by Peter Drucker in his 1954 book The Practice of Management. [1] Management by objectives is the process of defining specific objectives within an organization that management can convey to organization members, then deciding how to achieve each objective in sequence.
The Peter F. Drucker and Masatoshi Ito School of Management follows the Drucker philosophy based on people (management as a human enterprise, as a liberal art) and looks beyond traditional perceptions of economics, instead espousing management as a liberal art, focusing on social theory, history, and sustainability.
Peter Drucker once said, "There is neither a separate ethics of business nor is one needed", implying that standards of personal ethics cover all business situations. [35] However, Drucker in another instance said that the ultimate responsibility of company directors is not to harm—primum non nocere. [36]
The Global Peter Drucker Forum is an international management conference dedicated to the management philosophy of Peter Drucker. Drucker, who lived from 1909 to 2005, was a management professor, writer, and consultant, frequently referred to as a "management guru". The Forum is held annually in November, in Drucker's home town of Vienna, Austria.
Peter Drucker (1909–2005) wrote one of the earliest books on applied management: Concept of the Corporation (published in 1946). It resulted from Alfred Sloan (chairman of General Motors until 1956) commissioning a study of the organization. Drucker went on to write 39 books, many in the same vein.