The Work Of Two Management Development Writers, Illustrating Both Theoretical And Practical Implications Of Their Work For Organisations

3659 words - 15 pages

1. INTRODUCTIONThis report will aim to compare and contrast the work and its implications for organisation of two of the best writers of management ever: Peter F. Drucker and Henry Mintzberg.They based their work on different theories. However, most of Mintzberg's work is focused on Drucker.Peter F. Drucker is a writer, teacher, and consultant specializing in strategy and policy for businesses and social sector organizations. He has consulted with many of the world's largest corporations as well as with non-profit organizations, small and entrepreneurial companies, and with agencies of the U.S. government. He has also worked with free-world governments such as those of Canada, Japan, and Mexico. He is the author of thirty-one books which have been translated into more than twenty languages. Thirteen books deal with society, economics, and politics; fifteen deal with management. Two of his books are novels, one is autobiographical, and he is a co-author of a book on Japanese painting. He has been an editorial columnist for the Wall Street Journal and a frequent contributor to the Harvard Business Review and other periodicals.Peter Drucker is known as 'the father of modern management' for his pioneering work in the 1940s and 1950s, including the concept of management by objectives, which is fundamental to effective business management.Let's have a look to the most important implications of Drucker's work on organisations.2. THE NATURE OF MANAGEMENTThe manager can improve his performance in all areas of management, including the managing of a business, through the systematic study of principles, the acquisition of organised knowledge and the systematic analysis of his own performance in all areas of his work and job on all levels of management.The final function of management is to manage workers and work. This implies organisation of the work so as to make it most suitable for human beings, and organisation of people so as to make them work most productively and effectively.The purpose of a businessThere is only one valid definition of business purpose: to create a customer.It is the customer who determines what a business is. For it is the customer and he alone, who through willing to pay for a good or for a service, converts economics resources into wealth, things into goods. What the business thinks it produces is not of first importance, especially not to the future of the business and its success. What the customer thinks he is buying, what he consider "value", is decisive, it determines what a business is, what it produces and whether it will prosper.The customer is the basis of a business and keeps it in existence. He alone gives employment.Business objectives1. Objectives must be derived from what our business is, what it will be, and what it should be. In other words, objectives are the fundamental strategies of a business.2. Objectives must be operational. They must be capable of being converted into specific targets and specific...

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