Summary of The Practice of Management Written by Peter Drucker Free Essay Example, 1000 words

After highlighting the problems, Drucker provided appropriate solutions that were implemented by the companies and worked extremely well. There is a detailed discussion about how and why the solutions worked for the company. This indeed gives the reader an exact picture of the problem that companies often come across and how they should be managed. In this part, Drucker has discussed the importance of the managers in a business. A company cannot be successful unless it is blessed with honest and hardworking managers. A manager can make or break the company. He says that managers are not only expensive because they collect huge salaries from the company but even their single wrong decision can force the company to collapse (Byrne, 2005). He then talks about Henry Ford, owner of the Ford Motor Company and how he ran his business without any managers. According to Drucker, it is something very stupid to run a company without managers associated with it and it is even worse to see the c ompanies like Ford to do the same. This part consists of three different analyses. We will write a custom essay sample on Summary of The Practice of Management Written by Peter Drucker or any topic specifically for you Only $17.96 $11.86/page