Explanation : Peter F. Drucker, a management consultant and professor of management has written a number of books on managerial topics like, The Practice of Management (1954), The End of Economic Man (1939), The Future of Industrial Man, The Concept of Corporation, Economic Tasks and Risk Taking Decisions etc. He is also called as Father of Modern Management. Peter Drucker is against bureaucratic management instead he has emphasized creative and innovative management. He has treated management both as discipline and profession. He sees management through its tasks. Drucker stresses the setting up of objectives for each member of organisation, the distribution of all necessary information to each member so that he can make his own change with a view to meet his objectives, and the self control of each unit in the organisation. According to him, control, as domination of a superior over a subordinate is inappropriate in management. He is regarded as a father of ‘management by objectives (MBO) Technique’ which has revolutionalised the management process. Drucker’s MBO philosophy includes method of planning, setting standards, appraisal of performance and motivation. It applies to every manager, whatever his level of function and to any business enterprise whether large or small. It ensures performance by converting objective needs into personal goals.