The Peter Drucker Society Europe announced the winners of this year’s Peter Drucker Challenge, an international essay contest held ahead of the 3rd Global Drucker Forum, a major conference whose theme this year is “A Quest for Legitimacy: How Managers Can Shape the Future.”

The top three essays will be presented at a special panel at the Forum on November 3 and 4 in Vienna.

The winning essays focused on the wider responsibilities of management in modern societies. Wasima Khan, a 24-year-old from the Erasmus University Rotterdam, won first place with her essay “Humanizing the Law of Business Corporations for Good Management Practices.” Camillo von Müller, 33, of Switzerland took second place. And Micah Stefan Dagaerag, 24, of the Philippines won third place.

“With the Peter Drucker Challenge, we aim to raise awareness among young people of the ideas of Peter F. Drucker, the man regarded as the ‘father of modern management,’” said Richard Straub, president of the Peter Drucker Society Europe. “The global essay contest should contribute to mobilize bright minds from the next generation of leaders based on a management philosophy that puts the human being at its center. We need this today more than ever.”

The winners were chosen by an international jury composed of business strategist, consultant and co-author ofPredictable Magic Deepa Prahalad; John Peters, director of strategy and publishing at GSE Research Ltd. and editor of the journal Management Decision; and management consultant Elizabeth Haas Edersheim, author of The Definitive Drucker.

“We were very pleased to see that this year’s essays touched on a diverse range of topics, but were universal in their conviction that management as a profession can and should do more for the betterment of society,” Prahalad said. “Just as importantly, many of the essays touched on the practical aspects of driving these changes within organizations.”

In recognition of their achievements, the authors of the top 10 essays will be flown to Vienna and invited to actively participate in panels and breakout sessions at the 3rd Global Peter Drucker Forum 2011. In addition, 30 additional authors of high-quality essays will be awarded free access to the conference.

Gold-level sponsors of the Drucker Challenge include Mazars and Cap Gemini Austria. The Peter F. Drucker and Masatoshi Ito Graduate School of Management served as the silver sponsor.

About the Peter Drucker Society Europe
The Peter Drucker Society Europe is a practitioner-led, multi-stakeholder group that builds on Peter Drucker’s fundamental ideas and ideals with the aim of contributing to the evolution of management as a vital piece of a functioning modern society. It is an affiliate of the Drucker Institute at Claremont Graduate University and part of a broad network of Drucker Societies that operate across the globe.

To fulfill its mission, the Peter Drucker Society Europe is establishing Drucker Society chapters in various locations (currently Austria, Barcelona and Mannheim). It is supported by institutional members, which include businesses, nonprofit organizations and academic partners. Among these are Deutsche Telekom, the Cooperative Banks in Austria (Raiffeisen), 3M, OMV and major consultancies such as Malik Mangement Zentrum St. Gallen and Contrast Management Consulting.

Examples of the nonprofit networks involved are the European Foundation for Management Development, the Red Cross in Austria, the Innovation Value Institute in Ireland and the European Academy of Business in Society. The academic network consists of institutions such as University of St. Gallen, WU Vienna, TSM Business School Netherlands, European University Business School, Bled School of Management and Lappeeranta University Business School and Nottingham Trent Univesity Business School.

Each year, the Drucker Society Europe organizes the Global Peter Drucker Forum, a crystallizing event where decision makers convene to discuss the future of management in a pragmatic and solution-oriented manner.