Peter Ferdinand Drucker is a teacher, author and management consultant. His invention of "management by objectives" changed the way corporations operated. He famously said, "Management by objectives works if you understand the objectives." Not ninety percent.

Peter Ferdinand Drucker popularized this concept in his book "The Practice of Management". This demonstrates the importance of setting goals in an organization.

Peter Ferdinand Drucker said organizational success is achieved when employees and management agree on a set of goals and know the tasks they must accomplish to reach those goals.

Peter Ferdinand Drucker was the author of 39 books in his lifetime. These books are highly regarded by business students and leaders from all walks of business.

Peter Ferdinand Drucker's books suggested major changes in the 20th century, including privatization and decentralization.

Peter Ferdinand Drucker, a pioneer in the late 1950s, coined the term "knowledge worker". Knowledge management is now a critical component of both business and IT. Organizations are constantly looking for ways to effectively capture, develop, share and utilize knowledge.

Peter Ferdinand Drucker was a business thinker who stood out from the crowd. He advocated a healthy balance in organizations where making money and doing good for society is important.

It is surprising that Peter Ferdinand Drucker, who had a significant influence on many entrepreneurs, did not start his career in business management.

After graduating from the Dabling Gymnasium, he worked as an apprentice in a cotton trading company and later as a journalist. He continued his studies, earning a doctorate from the University of Frankfurt in 1931 in public and international law.

He entered the business world and worked for an insurance company before moving to a bank. Peter Ferdinand Drucker, a native Austrian, married and moved permanently to the United States. He became a university professor, freelance writer and business consultant.

Peter Ferdinand Drucker was a professor of management at New York University for 22 years. He later created one of the nation's first executive MBA programs at Claremont Graduate University. Peter Ferdinand Drucker, a teacher, retired at the age of 92.

Peter Ferdinand Drucker was awarded the Presidential Medal of Freedom in 2002. The award is the highest civilian honor of the United States.

He also gave his name and address to three institutions: the Drucker Institute and the Peter F. Drucker, Masatoshi Ito Graduate School of Management and Peter F. Drucker Academy.

In memory of Peter Ferdinand Drucker, the Global Peter Drucker Forum is an annual event for in-depth discussions on management issues.

Peter Ferdinand Drucker is an inspiration to both young and old. If you follow your passions and dreams you can succeed in life. This is what Peter Ferdinand Drucker did.

Peter Ferdinand Drucker was passionate about teaching and continued his career until he was 92 years old. Peter Ferdinand Drucker showed the world that success does not depend on age.

He also stressed the importance of living with moral values even while doing business. Many believe that profit can only be made at the expense of the public good or cost. This is a lie.

Peter Ferdinand Drucker changed the way businesses work and is a lesson to all human beings that success should not be achieved at the expense or benefit of others.