Wednesday, March 16, 2011

Nobel Prize for Management Discipline – Professor M.S.Rao

“The number one difference between a Nobel prize winner and others is not IQ or work ethic, but that they ask bigger questions” – Peter F Drucker.

Nobel Prize is regarded as the most prestigious award in the world for contributions to the fields of physics, chemistry, medicine, literature, peace and economics. It has been named after Alfred Nobel from Sweden, who came out with 355 inventions including dynamite. He wrote in his will that his entire wealth would be utilized for the people who contribute mankind in the areas of physics, chemistry, peace, medicine and literature. The prizes are given to living individuals who contributed enormously in their areas. At the time of categorizing, management as a discipline did not exist and it was evolving as a science. Perhaps that is the reason why there is no Nobel Prize in the category of Management.

Mahatma Gandhi was nominated for Nobel Prize for peace but was not awarded. Subsequently the Norwegian Nobel Committee regretted for not giving him prize. Likewise deserving leaders like Eleanor Roosevelt, Václav Havel, Ken Saro-Wiwa, Sari Nusseibeh and Corazon Aquino were not awarded.

Peter F. Drucker who hated to be called “guru” wrote 31 books and advised stalwarts like Jack Welch, Jim Collins, Stephen R. Covey, Ken Blanchard and Warren Bennis. His books have been translated into more than 20 languages. He was a simple and humble at core. He coined the concept of Management by Objectives (MBO) and predicted the rise of knowledge workers. He left a better place to live for others. It is said, “There isn't any Nobel. Prize in management thinking and writing. But it's just as well—because it would have been won every year by the same man—Peter Drucker.” We have many such gurus and leaders in management discipline. Hence, members of the Norwegian Nobel Committee must consider both management and mathematics as disciplines and declare Prizes annually as a mark of respect the champions of these disciplines.

Professor M.S.Rao
Founder and Chief Consultant,
MSR Leadership Consultants, India
Blog: http://profmsr.blogspot.com
Where Knowledge is Wealth
Email: profmsr7@gmail.com

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