(Wall Street Journal) — What do managers do? One good answer to this question comes from the late Peter Drucker, whose name that stands out above all others in the century-long history of management studies. A native of Vienna, Austria, Mr. Drucker was an intellectual who worked as a journalist and studied economics. At some point in his studies he had an epiphany: economists, he realized, “were interested in the behavior of commodities, while I was interested in the behavior of people.” That led him to, in effect, create the modern study of management.
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