ABSTRACT
In undertaking this study of The Practice of Management, Peter Drucker has made a searching review and analysis of management as it is practiced today in order to distill the necessary general concepts, develop the right principles, and show the basic patterns for the management task of tomorrow,
That is a large order. Few are equipped to undertake it. Professor Drucker is one of those few. His back-ground includes international banking economics, economic consultation for banks and insurance companies, and intimate probing of corporate policies and management structure:s as a management consultant to various large companies. What is more important, he is the possessor of a keen intellect, an original turn of mind, and a healthy disregard for the accepted truisms and shibboleths underlying the basic assumptions concerning management that many of its practitioners hold dear.
