This classic volume achieves a remarkable width of appeal without sacrificing scientific accuracy or depth of analysis. It is a valuable contribution to the study of business efficiency which should be read with pleasure by anyone wanting information about the developments and place of management, and it is as relevant today as when it was first written. Drucker provides fresh material and new ideas of the greatest interest to all applied economists and sociologists. For everyone actually employed in management, whether their work be administrative, technical or with personnel, this comprehensive study is indispensable. Written by one of the worlds leading management thinkers. It was awarded the Judges' Prize from the Financial Times/Booz Allen and Hamilton Global Business Book Awards (21/5/1998). The Prize is given for 'a book which has stood the test of time as an important contribution to business thinking'. Published in 1954, this title has been in print ever since.