"Flaherty has accomplished the impossible: making a systematic thinker out of me. I am particularly impressed by his skill in balancing chronology and themes, and that over a sixty-year time span. I have learned a great deal about my work from this book."
- Peter F. Drucker
"Peter F. Drucker is the organizational thought leader of the twentieth century. For the sake of our economy, our community, and our society, every citizen needs to be familiar with his work. John Flaherty's book is both an intellectual adventure and a practical guide to Peter Drucker's thinking. Peter Drucker: Shaping the Managerial Mind should be in the book bag of everyone hoping to lead change or build an effective organization."
- Frances Hesselbein, chairman of the board, The Peter F. Drucker Foundation for Nonprofit Management
"At last! This much-needed comprehensive review of Drucker's thought will prove invaluable for those seeking a course in Drucker 101."
- Sally Helgesen, author of The Web of Inclusion: Building a New Architecture for Great Organizations
"There is no doubt that Peter Drucker is our most significant contributor to the concept of modern management. There is also no doubt that John Flaherty has produced our most significant analysis of Drucker's contributions to date. The scope of this effort is extraordinary."
- Leonard A. Schlesinger, senior vice president for development and professor of sociology and public policy, Brown University
To leaders, students, and admirers everywhere, he is "the father of modern management" and "the man who invented corporate America." According to Forbes magazine, he is still "the youngest managerial mind" after sixty prolific years of writing, lecturing, and consulting. He is Peter F. Drucker, the world's most widely read and influential thinker on business and management.
While there have been several books about Peter Drucker and his life, this is the first to present a comprehensive synthesis and in-depth analysis of his works and insights on management. Drawing from over forty years as a student, follower, and friend, John E. Flaherty has created a definitive account of Drucker's managerial achievements. An expert on management himself, Flaherty provides readers with a practical overview of Drucker's most important contributions to management and business strategy. He not only captures Drucker's fundamental management concepts and ideas but also shows how these principles have current relevance for today's practitioners.
For those new to Peter Drucker, this essential compendium is a crash course on his most profound discoveries on management, change, entrepreneurial endeavor, and executive effectiveness. For those who have read Drucker's extensive writings, this significant volume offers deeper insight into his more novel and far-reaching concepts. Filled with useful summaries and checklists of key lessons, Peter Drucker: Shaping the Managerial Mind distills a lifetime of wisdom and experience for managers and students everywhere.
1 Introduction 1
2 Formative Years 5
Part 1 Discovering Modern Management
3 The End of Economic Man 19
4 The Future of Industrial Man 30
5 Concept of the Corporation 52
6 Establishing the Fundamentals 72
Part 2 On Strategy and Entrepreneurship
7 Managing Change 99
8 The Entrepreneurial Process 118
9 Investing in Change 138
10 Strategies for the Transitional Business 159
11 Tactics and Transformation 189
Part 3 On Executive Effectiveness
12 Managing in the Knowledge Society 227
13 Approaches to Effectiveness 248
14 Leadership and the Job of the Executive 271
15 Contribution, Commitment, and Concentration 292
16 Time, Strengths, and Communication 321
17 The Decision-Making Process 347
Published Work of Peter Drucker 407
The Author 421