Concept of the Corporation

Peter F. Drucker

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The book studies and analyses General Motors as a large social institution involved in business activities. It describes what management is, how managers are selected, how they act, and how a corporation is organized into management units at different scales. It also seeks to explain the role and position of large corporations in modern society.

Peter F. Drucker was born in 1909 in Vienna and was educated there and in England. He received his doctorate in public and international law while working as a newspaper reporter in Frankfurt, Germany, and then worked as an economist for an international bank in London. In 1927, he came to the United States. Drucker's management books and analyses of economics and society are widely read and respected throughout the world and have been translated into more than 20 languages. He also has written a lively autobiography, two novels, and several volumes of essays. He has been a frequent contributor to various magazines and journals over the years and is an editorial columnist for The Wall Street Journal.

	Introduction to the Transaction Edition
	Preface to the 1983 Edition
	Preface to the Original Edition
	Part I: Capitalism in One Country	1
	Part II: The Corporation as Human Effort	20
1	Organization for Production	20
2	Decentralization	41
3	How Well Does It Work?	72
4	The Small Business Partner	98
5	Decentralization as a Model?	115
	Part III: The Corporation as a Social Institution	130
1	The American Beliefs	130
2	The Foreman: The Industrial Middle Class	163
3	The Worker	176
	Part IV: Economic Policy in an Industrial Society	209
1	The "Curse of Bigness"	209
2	Production for "Use" or for "Profit"?	230
3	Is Full Employment Possible?	264
	Epilogue (1983)	291
	Index	323

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