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The Practice of Management

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Submitted By markyatia
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Pages 12
Mark Atia
7/25/2012
Extra Credit Assignment
THE PRACTICE OF MANAGEMENT BY PETER DRUCKER
The introduction is titled “The Nature of Management” and features three chapters. The first chapter is titled “The Role of Management”. The first two sentences in this chapter might be the best definition of a manager anyone has ever written. Drucker states that “the manager is the dynamic, life-giving element in every business. Without his leadership the “resources of production” remain resources and never become production”. To me this sums up what being a manager is all about. Later in the chapter he says “from the peak there is only one easy way to go: downwards. It always requires twice as much effort and skill to stay up as it did to climb up”. A powerful statement, that many do not realize.
The second chapter, titled “The Jobs of Management”, Drucker talks about how the jobs of management are usually not known by people within the company. People know who the managers are but aren’t quite sure what they do. He breaks down what a managers’ job involves into a couple of key areas. The first of which is “economic performance”. With this Drucker say that management must always put economic performance first in every decision and action they make because this will justify their existence. Other areas of this chapter focus on management functions which include: their first job is managing a business, managing managers and managing both worker and work.
The third chapter is called “The Challenge to Management”. This chapter focuses a lot on automation. Since this book was written in 1954, automation was new and opinions varied greatly on the impact it would have on the American business.

Part one feature chapters’ four thru nine and includes the first of three stories that Drucker tells about three high-profile companies highlighting an area of management. It is in

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