Right Attitudes » Ideas for Impact » by Nagesh Belludi

Yesterday was the first anniversary of the death of Peter Ferdinand Drucker, “the father of modern management.”

Drucker is arguably the most influential management philosopher of the modern era. He is the author of about forty books and innumerable essays on managerial skills, management concepts and social analyses. As a consultant, author and speaker for over sixty years, Drucker influenced the thinking of many executives in businesses, not-for-profits and faith-based organizations. Read his detailed biographies here, here and here.

Drucker wrote about many concepts and practices decades before the trends were discernable: knowledge workers, empowering employees, decentralization, management by objectives, focus on results instead of actions, the responsibility of the corporation in society, knowledge-based society, rise of multinational businesses, etc.

Drucker’s writings are devoid of buzzwords and management jargon and easily resonate with his readers. Today, we accept Drucker’s thoughts as conventional wisdom. Consequently, scores of business school courses require reading of his books.

My first exposure to Drucker’s thoughts was when I read his manual “The Effective Executive” during my undergraduate studies. Over the last few years, I have read and re-read many of his books and essays. Drucker’s unique style of expression and simple, clear language have left a deep impression on my pursuits, thoughts and actions. Below is one of my favorite Peter Drucker instructions. See my separate blog post on his inspirational quotations.

Successful leaders don’t start out asking, “What do I want to do?” They ask, “What needs to be done?” Then they ask, “Of those things that would make a difference, which are right for me?” They don’t tackle things they aren’t good at.

On a question about his legacy, Drucker once said that he has “helped a few good people be effective in doing the right things.” Just a few? Drucker’s farsighted insights and timeless thoughts will influence management thought for generations to come.

*Keyword(s): Peter Drucker, management theory, managerial skills, management concepts

Mr. N R Narayana Murthy, executive chairman of Bangalore-based Infosys Technologies, retired today on his sixtieth birthday. He was one of the six founders who started Infosys [INFY] with a small investment of Rs. 10,000 and nurtured the organization to a world-class company currently valued at Rs. 50,000 crores ($10.75 billion).

Caption: A shareholder describes Infosys’ achievements at a Shareholders’ Meeting in Bangalore (Dec ‘04)

Globally, Mr. Murthy is a widely-admired business leader. Much has been written about his background, discipline and his ’simple living, high thinking’ philosophy. His biggest legacy will be the dreams and confidence his company’s success has fostered in a whole generation of middle-class India. In creating a highly respected, world-class company that provides top quality services and adopts best management practices from around the world (a strong corporate brand, transparency in operations and financial reporting, sharing wealth, best training practices,) his team has offered a blue-print for entrepreneurial success in the new economy.

Mr. Murthy will transit into the role of a non-executive chairman at Infosys. His retirement will enable him to expand his endeavors with various institutions, viz., administrative (India, Thailand, United Nations Foundation), financial (RBI, DBS, SEBI), educational (IIM-A, IIIT, Cornell, Wharton, Singapore Management University) and corporate (NDTV, TiE). He is widely rumored to be nominated to the role of the President of India. He has himself expressed an interest in being designated the Ambassador of India to the United States. We should hope to continue hearing his ideas on various fronts. He may author a book or two on management practices in the global economy or the story of Infosys.

Congratulations on your retirement, Mr. Murthy.

*Keyword(s): Narayana Murthy, Infosys