Peter Drucker, the business management visionary whose humanist ideas deeply shaped the way the modern corporation is run, died at the age of 95 in his home in Claremont, California, the Claremont Graduate University confirmed on Saturday.

Known as "the father of modern management" and the creator of corporate society, Drucker died on Friday. No reason was given for his death, but he had repotedly been receiving hospice care.

Born in Vienna, Austria in 1909, Drucker earned a doctorate in public and international law from Frankfurt University in Germany, and later joined a local newspaper as a financial reporter.

In 1933, he fled Nazi Germany for London, where he worked for an insurance company, married and wrote his first book, "The End of Economic Man", a widely-respected examination of the roots of fascism.

It was the first of 35 books, including the landmark "The Concept of the Corporation" (1946), "The Practice of Management" (1954) and "The Effective Executive" (1964), which became standards in the world's leading business management schools.

He emphasized that, rather than being a machine, the modern corporation was an organization of human beings whose management and interaction are crucial to the business' success.

That and subsequent books garnered Drucker a reputation as a "futurist" in the business world, a person who read before anyone else the trends and needs of business and the economy.

In 1996, the Beijing Corporate Management Institute was established to study Drucker's ideas. Drucker became the institute's chief advisor in 1999,

Drucker spent his life teaching, writing and consulting on business management. He was a professor at New York University's Graduate Business School from 1950 to 1971.

He then moved to California, where he helped establish the Claremont Graduate University, the United States' first executive Masters of Business Administration program for working managers. He taught at the school until 2002 and continued to consult and write until he died.

Source: China Daily