Peter Drucker Quote

Top management as a function and as a structure was first developed by Georg Siemens (1839-1901) in Germany between 1870 and 1880, when he designed and built the Deutsche Bank and made it, within a very few years, into continental Europe's leading and most dynamic financial institution.

Chapter 49, pg.605 - MANAGEMENT: Tasks, Responsibilities, Practices (1973) - Part 3