Question

Which of these statements represent ideas that Peter Drucker introduced in his book The Practice of Management? (select all that apply)
A. Production costs are a component of sales
B.Charismatic leaders are more important than management practices
C.Employees should be treated as assets
D. A corporation can be thought of as a human community
E. Without customers, businesses wouldn't exist

Answer 1

Answer:

The correct answers are letters "C", "D", and "E": Employees should be treated as assets; A corporation can be thought of as a human community; Without customers, businesses wouldn't exist.

Explanation:

Austrian business professor Peter Ferdinand Drucker (1909-2005) is well-known in management for his book "The Practice of Management" (1954) in which he highlighted the importance of companies in society. Drucker studied the human side of corporations which includes workers and how leadership influences them. Besides, according to him, a business exists with the ultimate goal of creating a customer, meaning that managers would have to know their clientele and their needs to drive a firm to success.