Peter Drucker free essay sample

Peter Drucker is considered the founding father of modern management. How did he influence the business of management? Discuss the benefits of Management by Objectives; discuss the criticisms. Peter Drucker influenced the business of management by being the first person to as he wrote, depict management as a distinct function, managing as specific work, and being a manager as a distinct responsibility. Mr. Drucker is also credited with creating the management consulting industry. For more than half a century, he was consultant to some of the largest corporations in the US, Drucker directly influenced a huge number of leaders from a wide range of organizations across all sectors of society. Among the many: General Electric, IBM, Intel, Procter Gamble, Girl Scouts of the USA, The Salvation Army, Red Cross, United Farm Workers and several presidential administrations. To leaders, students, and admirers everywhere, he is `the father of modern management and `the man who invented corporate America. We will write a custom essay sample on Peter Drucker or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page According to Forbes magazine. His ideas, expressed in countless books, made management a subject worth studying. He saw the task of modern management as making people capable of joint performance, to make their strengths effective and their weaknesses irrelevant. Peter Starbuck The Guardian. According to George Odiome who was one of Mr Duckers student , MBO is a process whereby superior and subordinate managers of an Organization jointly define its common goal, define each individuals major areas of responsibility in terms of results expected of him and use these measures as guides for operating the unit and assessing the contribution of each of its members. The MBO concept was popularized by Peter Drucker it is the most widely acceptable philosophy of management today. It is a demanding and rewarding style of management which is closely connected with the concept of planning. The Benefits of MBO (management by objectives) are; MOB ensures better and more effective management it forces management to think of planning for results, rather than merely planning activities. MBO force managers to think how the objectives can be achieved and what resources would be required. MBO provides the standards of control. MBO elicits peoples commitment for performance. MBO results clarification in organizational roles, structure and responsibilities of individuals for achieving the goals. MBO reveals organizational deficiencies such as overlapping of authority, ineffective delegation and communication. MBO helps in the areas of employee motivation, high morale, effective and purposeful leadership The Criticism of MBO (management by objectives) are; MBO is time consuming, increases paperwork e. g. training manuals, newsletters, instruction booklets and questioners. MBO has organizational problems creates more problems than it can solve. MBO develops conflicting objectives, sometimes an individuals goal my come in conflict with those of another e. g. marketing mangers goals for high sales turnover may find no support from the production managers goal for production with least cost. Under these circumstances individuals follow paths that are best in their own interest but which are detrimental to the company. MBO problems of Co-ordination, managers may face problems of measuring objectives when the objectives are not clear and realistic. MBO lacks durability the first few rounds of MBO are motivating later it tends to become old hat. New opportunities are lost because of individuals adhere to rigidly to established goals.