VOA Special English

He used his knowledge of international law to advise American businesses. He developed this advice into books on business methods and management.

In the middle of the nineteen forties, Peter Drucker argued that the desire for profit was central to business efforts. He also warned that rising wages were harming American business.

He was later invited to study General Motors. He wrote about his experiences in "The Concept of the Corporation." In the book, he said workers at all levels should take part in decision-making, not just top managers.

Peter Drucker was a voice for change and new ways of thinking about social and business relations. He used terms like "knowledge workers" and "management goals." He influenced business training and politics with many of his ideas.

Some people said he often only presented information that supported his arguments. But even his critics praised his clear reasoning.

Yet as times changed, so did his thinking. In nineteen ninety-three, he warned that businesses create a market for competitors when they think too much about high profits.

And that's the VOA Special English Economics Report, written by Mario Ritter. Transcripts, MP3s and podcasts of our reports are at www.unsv.com. I'm Steve Ember.

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