Recipient of various prestigious awards, like the Henry Laurence Gantt Medal, Presidential Medal of Freedom and more, Peter Ferdinand Drucker (1909–2005) invented various concepts like ‘management by objectives’ and ‘self-control’ in management education that lionised him as “the founder of modern management” and laid foundations to pragmatic concepts of modern business corporation.
Drucker’s parents being high-level civil servants, he grew up in an environment where intellectuals would come home often to confer new ideas. Post his graduation, Drucker moved to Hamburg, Germany, where he started working as an apprentice at an established cotton trading company. He moved on to work as a journalist, writing for the Austrian Economist. After a brief period of working there, he relocated to London where he worked as a chief economist at a bank, before finally permanently settling in the US, where he worked as a professor, freelance writer and a business consultant.
The management mogul always had a keen interest in the behaviour of the people, while most of the economists were interested in the behaviour of the commodities. His writings edified the relationships among human beings as opposed to the deficit of numbers, improving employee performance, diversity in work culture and more. Drucker vehemently believed that leadership gives one enormous power to achieve anything in a group or an organisation, and it is pivotal for a leader to take a decision of acting as a leader giving a gateway to this power.
The thought educationist imparted various cardinals of leadership and management with the key message that, effective management and not leadership was the key to success. Drucker believed that it is important for a leader to be a marketer focusing on customers and their opinion about the organisation. It is vital that leaders envision the desired future of the company and create a strategic plan intimately involved in the direction of achieving the goal. He preached, “The best way to predict the future is to create it.” He always laid stress on the fact that, ethics and integrity are momentous for a leader’s effectiveness. Followers might forgive mistakes of a leader but will not forgive the lack of integrity.
Drucker always propagated that a leader’s motivation has to be transformational rather than transactional. Over his lifetime Drucker had more than 39 books published and translated into more than thirty six languages. His writings have inspired thousands of people and help them perform to their maximum potential and achieve organisational goals.