43 Facts About Drucker Institute

Peter Ferdinand Drucker Institute was an Austrian-American management consultant, educator, and author, whose writings contributed to the philosophical and practical foundations of the modern business corporation.

Drucker Institute was a leader in the development of management education, he invented the concept known as management by objectives and self-control, and he has been described as "the founder of modern management".

Drucker Institute is one of the best-known and most widely influential thinkers and writers on the subject of management theory and practice.

Drucker Institute's writings have predicted many of the major developments of the late twentieth century, including privatization and decentralization; the rise of Japan to economic world power; the decisive importance of marketing; and the emergence of the information society with its necessity of lifelong learning.

In 1959, Drucker Institute coined the term "knowledge worker", and later in his life considered knowledge-worker productivity to be the next frontier of management.

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Drucker Institute grew up in what he referred to as a "liberal" Lutheran Protestant household in Austria-Hungary.

Drucker Institute's mother Caroline Bondi had studied medicine and his father Adolf Drucker was a lawyer and high-level civil servant.

Drucker Institute was born in Vienna, Austria, in the 19th district of Vienna-Dobling.

Drucker Institute grew up in a home where intellectuals, high government officials, and scientists would meet to discuss new ideas.

Drucker Institute then moved to Frankfurt, where he took a job at the Daily Frankfurter General-Anzeiger.

Drucker Institute reconnected with Doris Schmitz, an acquaintance from the University of Frankfurt, and they married in 1934.

Drucker Institute then had a distinguished career as a teacher, first as a professor of politics and philosophy at Bennington College from 1942 to 1949, then twenty-two years at New York University as a Professor of Management from 1950 to 1971.

Drucker Institute went to California in 1971, where he developed one of the country's first executive MBA programs for working professionals at Claremont Graduate University .

Drucker Institute established the Drucker Archives at Claremont Graduate University in 1999; the Archives became the Drucker Institute in 2006.

Drucker Institute continued to act as a consultant to businesses and nonprofit organizations well into his nineties.

Drucker Institute was influenced, in a much different way, by John Maynard Keynes, whom he heard lecture in 1934 in Cambridge.

Drucker Institute's books were filled with lessons on how organizations can bring out the best in people, and how workers can find a sense of community and dignity in a modern society organized around large institutions.

Drucker Institute shared his fascination with Donaldson Brown, the mastermind behind the administrative controls at GM.

Drucker Institute attended every board meeting, interviewed employees, and analyzed production and decision-making processes.

Drucker Institute had suggested that the auto giant might want to re-examine a host of long-standing policies on customer relations, dealer relations, employee relations and more.

Drucker Institute taught that management is "a liberal art", and he infused his management advice with interdisciplinary lessons from history, sociology, psychology, philosophy, culture and religion.

Drucker Institute believed strongly that all institutions, including those in the private sector, have a responsibility to the whole of society.

Drucker Institute was interested in the growing effect of people who worked with their minds rather than their hands.

Drucker Institute was intrigued by employees who knew more about certain subjects than their bosses or colleagues, and yet had to cooperate with others in a large organization.

Rather than simply glorify the phenomenon as the epitome of human progress, Drucker Institute analyzed it, and explained how it challenged the common thinking about how organizations should be run.

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Drucker Institute's approach worked well in the increasingly mature business world of the second half of the twentieth century.

Executives thought they knew how to run companies, and Drucker Institute took it upon himself to poke holes in their beliefs, lest organizations become stale.

Drucker Institute assumed that his readers were intelligent, rational, hardworking people of good will.

Drucker Institute developed an extensive consulting business built around his personal relationship with top management.

Drucker Institute became legendary among many of post-war Japan's new business leaders trying to rebuild their war-torn homeland.

Drucker Institute advised the heads of General Motors, Sears, General Electric, W R Grace and IBM, among many others.

Drucker Institute's advice was eagerly sought by the senior executives of the Adela Investment Company, a private initiative of the world's multinational corporations to promote investment in the developing countries of Latin America.

Drucker Institute is the co-author of a book on Japanese painting, and made eight series of educational films on management topics.

Drucker Institute penned a regular column in the Wall Street Journal for 10 years and contributed frequently to the Harvard Business Review, The Atlantic Monthly, and The Economist.

Drucker Institute's work is especially popular in Japan, even more so after the publication of "What If the Female Manager of a High-School Baseball Team Read Drucker's Management", a novel that features the main character using one of his books to great effect, which was adapted into an anime and a live action film.

Drucker Institute was off the mark, for example, when he told an audience that the English language was the official language for all employees at Japan's Mitsui trading company.

Also, while Drucker Institute was known for his prescience, he was not always correct in his forecasts.

Drucker Institute predicted, for instance, that the United States' financial center would shift from New York to Washington.

Drucker Institute was inducted into the Junior Achievement US Business Hall of Fame in 1996.

Drucker Institute received 25 honorary doctorates from American, Belgian, Czech, English, Spanish and Swiss universities.

Drucker Institute was posthumously honored when he was inducted into the Outsourcing Hall of Fame in recognition of his outstanding contributions in the field.

In 2018, Drucker Institute was named the world's most influential business thinker on the Thinkers50.

Annual Global Peter Drucker Institute Forum was first held in 2009, the centenary of Drucker Institute's birth.