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Peter F. Drucker lecture on management and business history
Peter F. Drucker
Date Created and/or Issued
Publication Information
The Drucker Institute
Contributing Institution
Claremont Colleges Library
Drucker Archives
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For permission to use this item, contact The Drucker Institute,
The first lecture begins discussing the management objectives of government and how with every new administration, the President of the United States brings in new personnel to handle tasks. Drucker moves on to discuss the lessons of Napoleon in modern Russia history, and the significance of alternative definitions or explanations in figuring out management problems. He then talks about the subject of process and the subject of social phenomena, and the different ways to view such phenomena, through time and space. Drucker proceeds to reflect on the development of constitutional arrangements and the constitutional approach to government management, and how executive management is, really, the management of people. He then describes how the management function can be carried too far, and how the word management, an Anglo-Saxon word, must be treated with great care, and how management is the only organ of an institution. Drucker continues on the topic of management to consider how human beings are different from stable entities, like copper wire--that is, every human being is an individual and, therefore, can be inconsistent. Drucker closes the lecture stating that management is at a difficult stage because, now, both the organization and the field of management are rapidly changing, and that management has outgrown previous ideas and practices. The second lecture begins by describing what occurs in hospital organizations and management, beginning with a discussion of Catholic hospitals, and how hospitals slowly became known as places to get well, rather than places to die. Drucker goes on to discuss competing medical care costs, and the development of national health insurance and the likelihood of it passing, before proceeding to talk about the history of the word management and how “scientific management” as a term was coined. He then recounts the history of management under the Truman administration, and how World War II developed the concept. The class then considers the question of what a business actually is, and Drucker comments that it is anyone/anything that owns property and the means of production. The engagement to produce wealth is another aspect of business, and co-ops were considered part of the business function according to Marxism. Drucker proceeds to discuss the military industrial complex and the time of Caesar, the development of war and professional service, and how rich men became poor men. They then discuss the differences between Japanese and Western capitalist societies and how business and education originally had very little in common, but now have an entwined symbiotic relationship.
Drucker, Peter F. (Peter Ferdinand), 1909-2005
Claremont Graduate University
Claremont Graduate School
Claremont Graduate University-Faculty
Claremont University Center
Management by objectives
Management by objectives - Programmed instruction
Management science
Industrial management
Industrial organization
Industrial productivity
World War II
Truman, Harry S., 1884-1972
Marx, Karl, 1818-1883
Caesar, Julius
Scientific management
Original recording, January 31, 2018; Drucker Archives; Box 68
Drucker Archives -

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