Letter of correspondence to the Chairman (Mandel), President (Warren), and Executive Vice President (Hamilton) of Premier Industrial Corporation from Peter F. Drucker, reflecting on their previous meeting. Drucker identifies the more important topic of the meeting as the job and behavior of top management, stating that the aim of decentralization, in the context of decentralized authority, is to enable top management to have time for its own work. This can be achieved by incorporating diversified styles of management within a multilayered organization, which Drucker indicates is essential for company growth. He proceeds to assert that, for effective planning over the long term, one should always define one's basic assumptions about the market, technology, and the economy, determine goals and set priorities, and establish the areas in an organization in which things must be done differently versus the areas in which the aim is to improve what is already being done. .
Drucker, Peter F. (Peter Ferdinand), 1909-2005 Warren, Robert Mandel, Morton L Hamilton, William Warren, Bob Premier Industrial Corporation Harmonie Club of the City of New York
Source
Letter of correspondence to the Chairman (Mandel), President (Warren), and Executive Vice President (Hamilton) of Premier Industrial Corporation from Peter F. Drucker, reflecting on their previous meeting, August 19, 1970; Drucker Archives; Box 7B, Folder 66; 7 pages
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