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Peter Drucker

Peter Drucker

A
Business
Birthday
November 19, 1909
Died
November 11, 2005
Age
95
Net Worth
$10M

About

Peter Drucker was an influential Austrian-American management consultant, educator, and author. He is recognized as a foundational figure in modern management theory, contributing significantly to its philosophical and practical aspects. Drucker was also a leader in advancing management education, helping to popularize concepts like management by objectives and self-control. He has been hailed as the "champion of management as a serious discipline". Drucker's ideas have had a lasting impact on how organizations are managed and led.

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Career Timeline

1946C$0.5M

Concept of the Corporation Published

Published groundbreaking study of General Motors' organizational structure. Established his reputation as an insightful analyst of modern business organizations.

1954B$2M+$1.5M

The Practice of Management Released

Published seminal work introducing management by objectives and revolutionizing management thinking. The book became required reading for executives worldwide and established Drucker as the father of modern management.

1971B$4M+$2M

Claremont Graduate University Professorship

Joined Claremont Graduate University, where he taught for over 30 years. His academic position expanded his influence on management education globally.

1985A$6M+$2M

Innovation and Entrepreneurship Published

Released influential book on entrepreneurial management and systematic innovation. Continued to shape business thinking during the era of corporate restructuring and technological change.

2002A$8M+$2M

Presidential Medal of Freedom

Received the Presidential Medal of Freedom, America's highest civilian honor, for contributions to management theory. Recognition cemented his status as one of the most important thinkers of the 20th century.

2005A$10M+$2M

Death and Enduring Legacy

Died at age 95, leaving behind 39 books and countless articles that continue to influence management practice. His concepts remain fundamental to business education worldwide.

2026A$10M

Management Theory Foundation Today

Drucker's theories remain foundational in business schools and corporate practice globally. Regarded as the father of modern management, his work on objectives, innovation, and organizational behavior continues to be widely studied and applied, making him a household name in business circles.

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Last updated: February 23, 2026