"Management means, in the last analysis, the substitution of thought for brawn and muscle, of knowledge for folklore and superstition, and of cooperation for force."
The three things Drucker lists: thought, knowledge and cooperation, are as important now as they were in Drucker's day.
What he's basically saying, is good business leadership will focus on their three areas, which end up being motivating to workers.
Strangely, to this day, many managers don't get some of what is being said by Drucker.
Even when you think of the last one where you substitute cooperation for force, it's another way of saying we need to count on others, or in many cases work in teams - even in leadership.
Some companies that provide great training for their leaders today, have found that sending leaders individually to training helped them, but when the individuals came back from training, they found it only helped about 60 percent of their work as the other 40 percent had to be done in cooperation with others.
So some companies started to include the entire leadership team when going through training, as it put them all on the same page and increased training effectiveness tremendously.
The bottom line in management according to Drucker, was you gathered the best data possible, sifted through it and brought together the best ideas, then worked together by executing a plan based upon that data.
Other Peter Drucker Resources:
The Man Who Invented Management
Beyond the Information Revolution
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