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Peter Drucker


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Table of Contents

Preface 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 Conclusion 373 Notes 385 Published Work of Peter Drucker 407 Bibliography 415 The Author 421 Index 423

About the Author

John E. Flaherty is professor emeritus of management at Pace University in New York City, where he was formerly dean of the Graduate School of Business and chairman of the Social Science Department. He first encountered Peter Drucker while auditing one of Drucker's management courses at New York University in the mid 1950s. Over the years, Flaherty has followed and kept notes on the material from Drucker's lectures, books, articles, conversations, and correspondence-many of which have found their way into Peter Drucker: Shaping the Managerial Mind.


"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-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

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