According to the story, Peter Drucker once remarked that he had "invented management." But how can that be, his listener responded, given that people had been running organizations for centuries, millennia? True, the sage replied, but when he first went to study the subject in the 1930s and 1940s, he could only find two or three books describing the functions he came to group under that rubric. By naming them management, pulling them together with that term, he gave those practicing the art a new way of understanding what they were doing. And a new way of studying and improving their practice.
- From The Lords of Strategy: The Secret Intellectual History of the New Corporate World by Walter Kiechel III
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