WASHINGTON, Nov 12: Peter Drucker, the business management visionary whose humanist ideas deeply shaped the way the modern corporation is run, died at the age of 95 in his home in Claremont, California, on Friday.
Drucker was known as ‘the father of modern management’ and the creator of corporate society. No reason was given for his death, but according to media reports, he had been receiving hospice care.
Born in Vienna, Austria, in 1909, Drucker earned a doctorate in public and international law from Frankfurt University in Germany, and later joined a local newspaper as a reporter.
In 1933, he fled the rising Nazi fascism for London, where he worked for an insurance company, married and wrote his first book, ‘The End of Economic Man’, a widely respected examination of the roots of fascism.
It was the first of 35 books, including the landmark, ‘The Concept of the Corporation’ (1946), ‘The Practice of Management’ (1954) and ‘The Effective Executive’ (1964), which became standards in the world’s leading business management schools.—AFP
