In: Accounting
Write about the contribution of Drucker to management. Give details Explaination
Management is a multipurpose organ that manages a business and manages manager, and manages worker and work.”— Peter F. Drucker: The Practice of Management.
Drucker stresses three jobs of management:
Managing a business;
Managing manager; and
Managing workers and work.
Even if one is omitted, It would not have management anymore and it also would not have a business enterprise or an industrial society. According to P. Drucker, the manager has” to balance and integrate three major jobs of a business enterprise as mentioned above.
Hence, a manager is a dynamic and life-giving element in every business. Without efficient management it cannot be possible to secure the best allocation and utilisation of human, ‘ material and financial resources.
Management is a multipurpose organ that manages a business and manages manager, and manages worker and work.”— Peter F. Drucker: The Practice of Management.