A business guru is a manager that can be defined as 'a person with influential ideas or theories about business'. The earliest use of the term business guru can be tracked back to the 1960s being used in Business Week . [2] There are no existing qualifications that make someone a business guru. Anyone can become a business guru by making impact in a particular industry. It's also possible to claim to be a business guru at any time. It's not a title. The lists of people who have been accepted as business gurus have constantly changed over time. [3] However, there are some people who have been accepted by a great majority as a business guru and also some organizations which have created their own lists of gurus. One English [4] writer has described management gurus as "overwhelmingly a US phenomenon." [5]
There is no definitive list of business gurus, but some writers have proposed "personal" lists. [6] These lists are mostly created by organizations such as business magazines or management writers. [6] There have been many business guru lists created through history.
A list consisting of people who are included in almost all of the lists created, collectively known as the "Famous Five", are: Frederick Winslow Taylor, Michael Porter, Alfred Sloan, Peter Drucker, and Douglas McGregor. [6]
In 2001, Harvard Business Review asked the gurus to name their favorite gurus. The people named were Peter Drucker, James March and Herbert Simon. [6]
Another list includes Peter Drucker, Michael Porter, and Tom Peters as the three leading gurus of our time. [5] There are also many gurus who have emerged and disappeared through history. For example, the Japanese were known for making improvements to the business world and bringing out gurus in the 1980s, which included Kenichi Ohmae and Akio Morita. Then European gurus emerged, which included Yves Doz, Geert Hofstede, Manfred Kets De Vries, and Charles Handy. [3] https://www.linkedin.com/in/managementguru/. I must say few real management mentors had shaped the world and planet earth. Marshal Goldsmith, Jack Canfield, Charles SAVAGE, Shailesh Thaker, Brenda Bence, Brian Tracy, Sally Helgesen.
One management expert, Gary Hamel, says there have been "few genuine breakthroughs" since the work of Taylor and Max Weber. [7] In his book, Hamel says that management is "stuck in a time warp." [8] Similarly, even one of the authors of a book about management gurus warns that management theory is "not served well by fads," citing Enron as a "management fad for its supposed culture of innovation." [5]
Alvin Eugene Toffler was an American writer, futurist, and businessman known for his works discussing modern technologies, including the digital revolution and the communication revolution, with emphasis on their effects on cultures worldwide. He is regarded as one of the world's outstanding futurists.
Information economy is an economy with an increased emphasis on informational activities and information industry, where information is valued as a capital good. The term was coined by Marc Porat, a graduate student at Stanford University, who would later co-found General Magic.
In sales, commerce and economics, a customer is the recipient of a good, service, product or an idea, obtained from a seller, vendor or supplier via a financial transaction or an exchange for money or some other valuable consideration.
In the field of management, strategic management involves the formulation and implementation of the major goals and initiatives taken by an organization's managers on behalf of stakeholders, based on consideration of resources and an assessment of the internal and external environments in which the organization operates. Strategic management provides overall direction to an enterprise and involves specifying the organization's objectives, developing policies and plans to achieve those objectives, and then allocating resources to implement the plans. Academics and practicing managers have developed numerous models and frameworks to assist in strategic decision-making in the context of complex environments and competitive dynamics. Strategic management is not static in nature; the models can include a feedback loop to monitor execution and to inform the next round of planning.
Peter Ferdinand Drucker was an Austrian American management consultant, educator, and author, whose writings contributed to the philosophical and practical foundations of modern management theory. He was also a leader in the development of management education, and invented the concepts known as management by objectives and self-control, and he has been described as "the founder of modern management".
Management by objectives (MBO), also known as management by planning (MBP), was first popularized by Peter Drucker in his 1954 book The Practice of Management. Management by objectives is the process of defining specific objectives within an organization that management can convey to organization members, then deciding how to achieve each objective in sequence. This process allows managers to take work that needs to be done one step at a time to allow for a calm, yet productive work environment. In this system of management, individual goals are synchronized with the goals of the organization.
Michael Eugene Porter is an American academic known for his theories on economics, business strategy, and social causes. He is the Bishop William Lawrence University Professor at Harvard Business School, and was one of the founders of the consulting firm The Monitor Group and FSG, a social impact consultancy. He is credited for creating Porter's five forces analysis, which is instrumental in business strategy development at present. He is generally regarded as the father of the modern strategy field. He is also regarded as one of the world's most influential thinkers on management and competitiveness as well as one of the most influential business strategists. His work has been recognized by governments, non governmental organizations and universities.
Harvard Business Review (HBR) is a general management magazine published by Harvard Business Publishing, a not-for-profit, independent corporation that is an affiliate of Harvard Business School. HBR is published six times a year and is headquartered in Brighton, Massachusetts.
In Search of Excellence is a book written by Tom Peters and Robert H. Waterman Jr. First published in 1982, it sold three million copies in its first four years, and was the most widely held monograph in the United States from 1989 to 2006. The book explores the art and science of management used by several companies in the 1980s.
Rosabeth Moss Kanter is the Ernest L. Arbuckle professor of business at Harvard Business School. She is also director and chair of the Harvard University Advanced Leadership Initiative.
Coimbatore Krishnarao Prahalad was an Indian-American entrepreneur and author. He was the Paul and Ruth McCracken Distinguished University Professor of Corporate Strategy at the University of Michigan Stephen M. Ross School of Business.
Philip Kotler is an American marketing author, consultant, and professor emeritus; the S. C. Johnson & Son Distinguished Professor of International Marketing at the Kellogg School of Management at Northwestern University (1962–2018). He is known for popularizing the definition of marketing mix. He is the author of over 80 books, including Marketing Management, Principles of Marketing, Kotler on Marketing, Marketing Insights from A to Z, Marketing 4.0, Marketing Places, Marketing of Nations, Chaotics, Market Your Way to Growth, Winning Global Markets, Strategic Marketing for Health Care Organizations, Social Marketing, Social Media Marketing, My Adventures in Marketing, Up and Out of Poverty, and Winning at Innovation. Kotler describes strategic marketing as serving as "the link between society's needs and its pattern of industrial response."
Charles Brian Handy CBE is an Irish author/philosopher specialising in organisational behaviour and management. Among the ideas he has advanced are the "portfolio career" and the "shamrock organization".
Management fad is a term used to characterize a change in philosophy or operations implemented by a business or institution. It amounts to a fad in the management culture of an institution.
Bob Buford was an American cable-TV pioneer, social entrepreneur, author, and venture philanthropist. He co-founded Leadership Network in 1984 and later the Halftime Institute in 1998. Bob became founding chairman in 1988 of what was initially called The Peter F. Drucker Foundation for Nonprofit Management and popularized the concept of Halftime through several books he authored.
David Olson Ulrich is a university professor, author, speaker, management coach, and management consultant. He is a professor of business at the Ross School of Business, University of Michigan and co-founder of The RBL Group. He has written over 30 books with his colleagues which have shaped the human resources profession, defined organizations as capabilities, and shown the impact of leadership on customers and investors. Ulrich served on the Board of Directors for Herman Miller for 17 years, is a Fellow in the National Academy of Human Resources, and served on the Board of Trustees of Southern Virginia University for 9 years.
Ikujiro Nonaka is a Japanese organizational theorist and Professor Emeritus at the Graduate School of International Corporate Strategy of the Hitotsubashi University, best known for his study of knowledge management.
Gina Marie Trapani is an American tech blogger, web developer, writer, and technology executive.
William James Reddin also known as Bill Reddin was a British-born management behavioralist, theorist, writer, and consultant. His published works examined and explained how managers in profit and non-profit organizations behaved under certain situations and conditions. The focus of his work was to understand to what extent managers were effective in their role and successful in managing situations to have the right impact on the organization's objectives.
The Global Peter Drucker Forum is an international management conference dedicated to the management philosophy of Peter Drucker. Drucker, who lived from 1909 to 2005, was a management professor, writer, and consultant, frequently referred to as a "management guru." The Forum is held annually in November, in Drucker's home town of Vienna, Austria and is put on by the Peter Drucker Society Europe, an affiliate of the Drucker Institute at Claremont Graduate University.