Peter Drucker: Founder of Modern Management

Management is doing things right; leadership is doing the right things.
~ Peter Drucker

Peter Drucker was an Austrian-born American management consultant, educator, and author, whose writings contributed to the philosophical and practical foundations of the modern business. He was also a leader in the development of management education.

He invented the concept known as management by objectives. Management by objectives is the process of defining specific objectives within an organization that management can convey to organization members, then deciding on how to achieve each objective in sequence. This process allows managers to take work that needs to be done one step at a time to allow for a calm, yet productive work environment. This process also helps organization members to see their accomplishments as they achieve each objective, which reinforces a positive work environment and a sense of achievement.

Drucker is also known for popularizing the management concept of self-control—as an executive function, self-control is a cognitive process that is necessary for regulating one’s behavior in order to achieve specific goals.

Drucker has been described as the founder of modern management. He is often quoted as saying: “Leadership is lifting a person’s vision to high sights, the raising of a person’s performance to a higher standard, the building of a personality beyond its normal limitations,” which speaks to his management by objectives philosophy.