Peter Drucker Quotes & Wallpapers

Peter Drucker
Total Quotes: 667

There is the general belief that the corporation income tax is a tax on the "rich" and on the "fat cats." But with pension funds owning 30% of American large business-and soon to own 50%-the corporation income tax, in effect, eases the load on those in top income brackets and penalizes the beneficiaries of pension funds. Peter Drucker

Planning is actually incompatible with an entrepreneurial society and economy. Planning is the kiss of death of entrepreneurship. Peter Drucker

Communism is evil. Its driving forces are the deadly sins of envy and hatred. Peter Drucker

If war production should remain the only way out of a long-term depression, industrial society would be reduced to the choice between suicide through total war or suicide through total depression. Peter Drucker

It is better to pick the wrong priority than none at all. Peter Drucker

An established company which, in an age demanding innovation, is not able to innovation, is doomed to decline and extinction. Peter Drucker

If you want it, measure it. If you can't measure it, forget it. Peter Drucker

Managing innovation will increasingly become a challenge to management, and especially to top management, and a touchstone of its competence. Peter Drucker

Objectives are not commands; they are commitments. Peter Drucker

An effective executive builds on strengths - their own strengths, the strengths of superiors, colleagues, subordinates, and on the strength of the situation. Peter Drucker

Marketing is the distinguishing, unique function of the business. Peter Drucker

A fundamental responsibility of leadership is make sure that everybody knows the mission, understands it, lives it. Peter Drucker

The single most important thing to remember about any enterprise is that results exist only on the outside.The result of a business is a satisfied customer. The result of a hospital is a satisfied patient. The result of a school is a student who has learned something and puts it to work ten years later. Inside an enterprise there are only costs. Peter Drucker

The dilemma of modern society: the conflict between the need for capital formation at a high rate and the popular condemnation of interest and dividends as "unearned income" and "capitalist," if not as sinful and wicked. Peter Drucker

There is a great need for a new approach, new methods and new tools in teaching, man's oldest and most reactionary craft. There is great need for a rapid increase in the productivity of learning. There is, above all, great need for methods that will make the teacher effective and multiply his or her efforts and competence. Teaching is, in fact, the only traditional craft in which we have not yet fashioned the tools that make an ordinary person capable of superior performance. In this respect, teaching is far behind medicine, where the tools first became available a century or more ago. Peter Drucker

Most executives have learned that what one postpones, one actually abandons ... timing is a most important element in the success of any effort. To do five years later what would have been smart to do five years earlier, is almost a sure recipe for frustration and failure. Peter Drucker

You must accept that if the computer is a tool, it is the job of tool user to know what to use it for. Peter Drucker

It is commonly believed that innovations create changes - but few ever do. Successful innovations exploit changes that have already happened. Peter Drucker

Our most important education system is in the employees' own organization. Peter Drucker

The only real difference between one organization and another is the performance of its people. Peter Drucker

There are just two questions to ask to attain success in business: First, "What business am I in?" Second, "How's business?" Peter Drucker

...what's absolutely unforgivable is the financial benefit top management people get for laying off people. There is no excuse for it. No justification. This is morally and socially unforgivable, and we will pay a heavy price for it. Peter Drucker

...the thought man...the action man...the people man...the front man...Yet those four temperaments are almost never found in one person....The one-man top management job is a major reason why business fail to grow. Peter Drucker

It does not matter whether the worker wants responsibility or not,...The enterprise must demand it of him. Peter Drucker

-A manager sets objectives-A manager organizes-A manager motivates and communicates-A manager, by establishing yardsticks, measures-A manager develops people. Peter Drucker

That the government's power under the Taft-Hartley Act to stop a strike by injunction so clearly strengthens the hand of the employer-even though it is used only when a strike threatens the national health, welfare, or safety-is a grave blemish and explains much of union resistance to the Act. Peter Drucker

In the modern corporation the decisive power, that of the managers, is derived from no one but the managers themselves controlled by nobody and nothing and responsible to no one. It is in the most literal sense unfounded, unjustified, uncontrolled and irresponsible power. Peter Drucker

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. Peter Drucker

There is every indication that the period ahead will be an innovative one, one of rapid change in technology, society, economy, and institutions. Peter Drucker

Today knowledge has power. It controls access to opportunity and advancement. Peter Drucker

The only thing we know about the future is that it will be different. Peter Drucker

Time is totally perishable and cannot be stored. Yesterday's time is gone forever, and will never come back. Time is always in short supply. There is no substitute for time. Everything requires time. Peter Drucker

Communication is always " propaganda ." The emitter always wants "to get something across. Peter Drucker

Unless we realize that the essence of Nazism is also an attempt to solve a universal problem of Western civilization - that of the industrial society - and that the basic principles on which the Nazis base this attempt are also in no way confined to Germany, we do not know what we fight for or what we fight against... The war is being fought for the structure of industrial society-its basic principles, its purposes, and its institutions. Peter Drucker

The company is not and must never claim to be home, family, religion, life or fate for the individual. It must never interfere in his private life or his citizenship. He is tied to the company through a voluntary and cancellable employment contract, not through some mystical or indissoluble bond. Peter Drucker

Capitalism is being attacked not because it is inefficient or misgoverned but because it is cynical. And indeed a society based on the assertion that private vices become public benefits cannot endure, no matter how impeccable its logic, no matter how great its benefits. Peter Drucker

No society can function as a society, unless it gives the individual member social status and function, and unless the decisive social power is legitimate. Peter Drucker

The effective executive knows that it is easier to raise the performance of one leader than it is to raise the performance of a whole mass. She therefore makes sure she puts into the leadership position, into the standard-setting, the performance-making position the person who has the strength to do the outstanding pacesetting job. This always requires focus on the one strength of a person and dismissal of weaknesses as irrelevant unless they hamper the full deployment of the available strength. Peter Drucker

Whenever anything is being accomplished, it is being done, I have learned, by a monomaniac with a mission. Peter Drucker

One of the great movements in my lifetime among educated people is the need to commit themselves to action. Most people are not satisfied with giving money; we also feel we need to work. Peter Drucker

The single most important thing to remember about any enterprise is that there are no results inside its walls. The result of a business is a satisfied customer. Peter Drucker

Entrepreneurship is neither a science nor an art. It is a practice. Peter Drucker

Do not measure your life by your goals but what you are doing to achieve them. Peter Drucker

If a government commission had worked on the horse, you would have the first horse that could operate its knee joint in both directions. The trouble is it couldn't have stood up. Peter Drucker

Growth that adds volume without improving productivity is fat. Growth that diminishes productivity is cancer. Peter Drucker

If a manager spends more than 10 percent of his time on "human relations" the group is probably too large. Peter Drucker

The job of a professional manager is not to like people. It is not to change people. It is to put their strengths to work. Peter Drucker

It's up to you to carve out your place, to know when to change course, and to keep yourself engaged and productive during a work life that may span some 50 years. Peter Drucker

Decision making is the specific executive task. Peter Drucker

Innovation is the specific tool of entrepreneurs, the means by which they exploit change as an opportunity for a different business or a different service. Peter Drucker

Education gives you neither experience nor wisdom. Peter Drucker

I'm a writer. I could not or would not ever run a business. I don't even have a secretary. And contrary to some of the stereotypes, entrepreneurs are not loners. I am. Peter Drucker

Do the right things instead of trying to do everything right. Peter Drucker

One cannot hire a hand; the whole man always comes with it. Peter Drucker

Knowledge has become the key economic resource and the dominant-and perhaps even the only-source of competitive advantage. Peter Drucker

Entrepreneurship rests on a theory of economy and society. The theory sees change as normal and indeed as healthy. And it sees the major task in society - and especially in the economy - as doing something different rather than doing better what is already being done. That is basically what Say, two hundred years ago, meant when he coined the term entrepreneur. It was intended as a manifesto and as a declaration of dissent: the entrepreneur upsets and disorganizes. As Joseph Schumpeter formulated it, his task is "creative destruction. Peter Drucker

If there is any one secret of effectiveness, it is concentration. Effective executives do first things first and they do one thing at a time. Peter Drucker

Defending yesterday is far more risky than making tomorrow. Peter Drucker

Teaching 23-year-olds in an MBA programme strikes me as largely a waste of time. They lack the background of experience. You can teach them skills - accounting and what have you - but you can't teach them management. Peter Drucker

The most important decisions in organizations are people decisions, and yet only the military, and only recently, has begun to ask, "If we assign this general to lead this base, what do we expect him to accomplish?" Peter Drucker

There is nothing worse than doing the wrong thing well. Peter Drucker

The monomaniac is unlikely to succeed. Most leave only their bleached bones in the roadless desert. But the rest of us, with our multiple interests instead of a single mission, are certain to fail and have no impact at all. Peter Drucker

In areas where they are simply incompetent, smart executives do' make decisions or take actions. They delegate. Peter Drucker

Few relationships are as critical to the business enterprise itself as the relationship to government. The manager has responsibility for this relationship as part of his responsibility to the enterprise itself. To a large extent the relationship to government results from what businesses do or fail to do. Peter Drucker

Free enterprise cannot be justified as being good for business. It can be justified only as being good for society. Peter Drucker

Only three things happen naturally in organizations: friction, confusion, and underperformance. Everything else requires leadership. Peter Drucker

There is the risk you cannot afford to take, and there is the risk you cannot afford not to take. Peter Drucker

If you have too many problems, maybe you should get out of business. There is no law that says a company must last forever. Peter Drucker

No executive has ever suffered because his subordinates were strong and effective. Peter Drucker

Everybody has accepted by now that change is unavoidable. But that still implies that change is like death and taxes - it should be postponed as long as possible and no change would be vastly preferable. But in a period of upheaval, such as the one we are living in, change is the norm. Peter Drucker

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