<Tr> <Th> Occupation </Th> <Td> Management consultant, educator and author </Td> </Tr> <Tr> <Th> Awards </Th> <Td> Henry Laurence Gantt Medal (1959) Austrian Cross of Honour for Science and Art, 1st class (1991) Presidential Medal of Freedom (2002) </Td> </Tr> <P> Peter Ferdinand Drucker (/ ˈdrʌkər /; German: (ˈdʀʊkɐ); November 19, 1909--November 11, 2005) was an Austrian - born American management consultant, educator, and author, whose writings contributed to the philosophical and practical foundations of the modern business corporation . He was also a leader in the development of management education, he invented the concept known as management by objectives and self - control, and he has been described as "the founder of modern management". </P> <P> Drucker's books and scholarly and popular articles explored how humans are organized across the business, government, and nonprofit sectors of society . He is one of the best - known and most widely influential thinkers and writers on the subject of management theory and practice . His writings have predicted many of the major developments of the late twentieth century, including privatization and decentralization; the rise of Japan to economic world power; the decisive importance of marketing; and the emergence of the information society with its necessity of lifelong learning . In 1959, Drucker coined the term "knowledge worker," and later in his life considered knowledge - worker productivity to be the next frontier of management . Peter Drucker gave his name to three institutions: the Drucker Institute and the Peter F. Drucker and Masatoshi Ito Graduate School of Management, both at Claremont Graduate University, and the Peter F. Drucker Academy . The annual Global Peter Drucker Forum in his hometown of Vienna, honors his legacy . </P>

Who is known as the father of modern management