Peter Ferdinand Drucker was born in Vienna, Austria, on November 19, 1909. He was best known for his contributions to the philosophical and practical foundations of the modern business organization. He is considered to be one of the most influential thinkers of management theory and practice in the 20th century.

Drucker graduated from Dobling Gymnasium and moved to Hamburg, Germany, to work as an apprentice at a cotton trading company and then as a journalist for Der Osterreichischische Volkswirt (The Austrian Economist). He then moved to Frankfurt, where he worked for the Daily Frankfurter General-Anzeiger. He finished his doctorate in international law and public law at the University of Frankfurt in 1931. In 1933, he took a job with an insurance company and then worked as ...