"The Practice of Management" is a foundational book written by Peter Drucker in 1954. It explores the principles and practices of effective management, emphasizing the importance of setting objectives, organizing resources, and measuring performance. Drucker argues that management is a distinct discipline that requires specific skills and knowledge. The book introduces key concepts such as management by objectives and the role of managers in fostering innovation and productivity. Drucker highlights the need for managers to adapt to changing environments and to focus on results, making it a crucial read for anyone interested in the field of management.