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Drucker taught that management is "a liberal art", and he infused his management advice with interdisciplinary lessons from history, sociology, psychology, philosophy, culture and religion. [3] He also believed strongly that all institutions, including those in the private sector, have a responsibility to the whole of society.
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.
Drucker's biographer Jack Beatty referred to it as "a book about business, the way Moby Dick is a book about whaling". [1] In writing and researching the book, Drucker was given access to General Motors resources, paid a full salary, accompanied CEO Alfred P. Sloan to meetings, and was given free run of the company.
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 ...
This framework enables the individual setting the goal to have a precise understanding of the expected outcomes, while the evaluator has concrete criteria for assessment. The SMART acronym is linked to Peter Drucker's management by objectives (MBO) concept, illustrating its foundational role in strategic planning and performance management. [4]
The Silicon Valley company is a forerunner in applying behavioral science (such as the motivations of purpose, mastery, and autonomy set out by Daniel Pink in his 2009 book Drive: The Surprising Truth About What Motivates Us) to increase knowledge worker productivity. In classic scientific management as well as approaches like lean management ...