“The emergence of management may be the pivotal event of our time, far more important than all the events that make the headlines.”
From 1900 to 1975, institutions across the world became more numerous and diverse. People migrated from farming and small businesses and became employees of corporations. At the same time, business institutions became less dominant as other institutions emerged. All of this created a need for management performance and the development and application of a management discipline.
Drucker’s main point is that business management should be the starting point of organizational performance. It has the tools for and a track record of performance.
(Management, chapter 1)