Management Lesson from Late.Prof. Peter Drucker

Late. Peter Drucker, as described as the ‘Father of the modern management” as his contribution has been stupendous and many of the modern thoughts are basically followed through of Peter.

He predicted knowledge economy .In 1959, and coined the term “knowledge worker" and later in his life considered knowledge work productivity to be the next frontier of management.

His passion for management writing was absolutely phenomenal .His out of the box thinking and deep knowledge and close observation in situations and with diverse industries is mind blowing.

In 1954 his book “The Practice Of Management” was absolutely an incredible piece of work , even if you read 100 times still it’s ever green.
His approach has been very humble, very much in line with Henry Ford as Ford said “A business that makes nothing but money is a poor business. “I read many his books his inspirations ware from Henry Ford.

His work has been more with people and the betterment of the society and business should give back to the society , which is giving a place to do and operate the business.Betterment of the society and responsibility towards the society, which are the most pivotal role for any business.


His pioneered the thought “Management by Objectives” it is still relevant, many management Guru’s and pundits criticized it, but again it’s evolving out in a newer for as the competition has increased globally. Much organization becomes directionless and is in the crossroads where we have to go back to the “Management by Objectives”. Objectives changes with passage of time as business has got perpetual existence

Peter Drucker had a similar way of introducing himself - I write - is how he used to introduce himself.

The most important lesson he has give to the managers those who follow him still today are as follows:

The purpose of company is to create a customer.

A business is defined by the needs, wants, desires a customer satisfies when buying the company's product or service.

To satisfy the customer is the most important mission and purpose of every business.


The recent book that I'm reading is " THE ESSENTIAL DRUCKER" all his sixty years of experiencing management, the maestro's knowledge has been well depicted in this book and a great tribute to Late. Prof .Drcker.

I can make out Management is an infinite science and is indebted to all fields be it in Physic, Mathematics, or Literature even Military Science.

CASE STUDY: OIL Price Rise And World ECONOMY.

Recent soaring crude oil prices over time have proved ruthless in their treatment of the global economy as well as the global economy, every time there is a spike in the crude oil price the whole world has to pay for it.

Recession has always followed after a spike in the crude oil price spike. Powerful Oil lobbies manipulated the price and the demand supply mechanism has been staged managed by these powerful lobbies, and the whole world has paid the price for this.

As of date there is no alternate to the fossil fuel, still the global economy has to heavily depend of the crude.

Recent uprising in the ARAB world and particularly in Libya, one of the largest producers of the oil in AFRICA and a powerful member in the OPEC plays a pivotal role in the global economy recovery.

Apart from the G7 nations the emerging economies like India and China are major consumers of oil; their middle class aspiration with income growth along with GDP growth has played an important role in the petroleum consumption.

The BRIC nations are front runners as fur as consumption of gasoline and they too are imports, except Russia has got enough crude reserves which can sustains it’s growth.

But the like the gravitational pull of recession, which the world is still trying to overcome in spite of huge bail out the U.S. Fed has given the U.S firms to come out from recession , there is nothing left out which the U.S. fed can give to U.S. firms.
If again the U.S economy slows down the whole world economy will loose out , as the multiplier effect will not work any more. The U.S economy as predicted has missed the target

Of its GDP growth rate of 3%, it has grown 2.45-2.55%. India and China as are growing at a level of 9-10% but the inflation is about 19%, which is equally a very bad sign for the economies is growing at 2.2 % annually .

China on the other had is taking a smarter move instead of being an export driven economy it’s like India looking to boost the domestic consumption. India has been least affected by the last recession as it’s an inward domestic consumption was very high.

But as our global economies are very much interwoven if there is a leakages in any part of the global economy, other economies starts to slow down.

According to some pundits the barrel will cost US$140 even in worse scenario the speculators and manipulators may rally up the price per barrel to US $160 by end of this year.

I’m enclosing a PPT done in YouTube where every thing has been explained very carefully.

So again in 2012-2013 we are in look out for a double dip recession? What your opinion on this?

GREATEST MANAGEMENT ADVICE-From somebody unknown.

INTEGRITY - A MATTER OF ETHICS

EXCELLENCE - A HIGHER STANDARD, TAKE STRETCHED TARGETS.

TIME MANAGEMENT - WORTH EVERY SECOND, THE MOST PERISHEABLE RESOURCE.

OBSTACLES - ANOTHER CHALLENGE SMARLTLY OVERCOME IT.

DELEGATION - ENTRUSTING OTHERS INCREASING PROFITABILITY.

GOAL SETTING - CREATES THE FINISH LINE

PARADIGMS - THE FUTURE IS NOW, JUST DO IT.

EMPOWERMENT-DEVELOPING CAPABILITIES. HIRE SMARTER PEOPLE THAN YOU.

ACHIEVEMENT - BELIEVE YOU CAN, YES WE CAN.

PROBLEM SOLVING - CONNECTING THE DOTS TUNE YOUR MENTAL SOFTWARE.

TELEMARKETING - PHONE FOR SUCCESS

PRESENTATIONS- DYNAMIC AND MEMORABLE

FEEDBACK - COMMENTS WELCOME, ENCOURAGE CONSTRUCTIVE CRITICISM.

Last But Not The Least:
COMPUTE,TAKE DECISIONS,COMMUNICATE.

Prof. Robert Kaplan.Internal Communication Plays An Important Role In The Implementation of The Corporate Strategy.

Found an excellent piece of interview from Prof. Robert Kaplan regrading communication, and how to communicate with all the layers of the organisation to make things happen.

Balance Score Card has been talked about for a long time, it's implementation is difficult, many a times in practice we fail to implement BSC.

Prof .Kaplan has been very successful in doing that after the famous work and pioneering Activity Based Costing and subsequently Balance Score Card systems.

This interview is a very clear cut thought about communication , and how it's percolates down the bottom layer so the new strategy gets implemented.

It's more of a direction oriented one , instead a direction less one.

Management Guru-Prof.Sumantra Ghoshal: Talking On Change.

Born in India, educated in the USA, worked the world-over, though predominantly in Europe, Prof. Sumantra Ghoshal was a management thinker, great teacher,prolific author, and much sought-after consultant in international management ,the turnaround Siemens AG.Philips etc.

I saw him last time in Calcutta, I think that was his last visit in Calcutta.

He came for a lecture in IIM -Calcutta.

Some good Samaritan has uploaded the video in youtube.com.

I have got some CNBC video , where Prof .Ghoshal

gave a series of interview.

The quality of the vidoe is very poor, but this man's brilliance is

absolutely unique.

Business Work Shop's experience.

Today I have been invited by one of the Fortune 500

listed Indian firm to conduct workshop in

"Agile Knowledge Management Strategy."

I will be making 60 PPT slides, this is going to be a very

challenging assignment as many Indian Fortune 500

Firms are looking out for Agile Management Strategy.

I have conducted at least 30-45 workshops as external

consultant for Mafoi-Randstad India.

I was conducting one workshop with A.V. Birla Group

on a Sunday with all their VP, Sr G.M. and CEO

attending the workshop on Benchmarking and Strategy Mapping.

There I told to all the Sr Executives to borrow all the best ideas
from around the world and across the industry.
Then I told about the "Stretched Targets", the CEO and

Executive Directors were sitting along with 25 Sr Managers.

They all kept mum. The CEO asked me a question that why

people shy away from Stretched Targets?
They are in the comfort zone, we cannot take them away

from the comfort zone, and fear of failure and then the

blame game starts.

The CEO of that A.V. Birla Group shared his experience.
He met with legendary Mr.L.N. Mittal in Mumbai, Mittal

came to Mumbai in the Late Aditya Vikram Birla

Lecture series.

Mr.Mittal told in that conference, that he to took a target to a
acquire Arselors within sixty days time.
This was benchmarked time frame that he took with
a "stretched target",mentally to acquire the

giant steel firm Arselors .

He negotiated with all global financial consortiums scouting
for money and mobilized the money.
On the 59th day he acquired Arselors. That's the mental
determination he had with him, and fulfilled it.

A very strange story, yes you learn a lot while conducting
seminars and workshops, I have seen it’s two way learning
across various industries..

Business Of Product Management Strategy.

I wrote about "Product" features are becoming very important day by day.
People are working round the big business world all
marketing strategist braking their heads .
There are basically six factors that has been
mentioned which dominates the whole thing.
Pogue's six factors which makes the product
successful and great.