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Peter Drucker Quotes

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The young knowledge worker whose job is too small to challenge and test his abilities either leaves or declines rapidly into premature middle age, soured, cynical, unproductive.  (Peter Drucker Quotes) Teaching is the only major occupation of man for which we have not yet developed tools that make an average person capable of competence and performance. In teaching we rely on the ‘naturals,’ the ones who somehow know how to teach.  (Peter Drucker Quotes) Balance Sheets are meaningless. Our accounting systems are still based on the assumption that 80% of costs are manual labor.  (Peter Drucker Quotes) The basic economic resource - the means of production - is no longer capital, nor natural resources, nor labor. It is and will be knowledge.  (Peter Drucker Quotes) For new technology to replace old, it has to have at least ten times the benefit  (Peter Drucker Quotes) Success in the knowledge economy comes to those who know themselves - their strengths, their values, and how they best perform.  (Peter Drucker Quotes) We can’t make people better by trying to eliminate their weaknesses, but we can help then perform better by building on their strengths.  (Peter Drucker Quotes) Work is a process, and any process needs to be controlled. To make work productive, therefore, requires building the appropriate controls into the process of work.  (Peter Drucker Quotes) There are two types of people in the business community: those who produce results and those who give you reasons why they didn’t.  (Peter Drucker Quotes) There are only two things in a business that make money - innovation and marketing, everything else is cost.  (Peter Drucker Quotes) Business enterprise is an organ of society. There is only one valid definition of business purpose: to create a customer.  (Peter Drucker Quotes) A business enterprise must continue beyond the lifetime of the individual or of the generation to be capable of producing its contributions to economy and to society.  (Peter Drucker Quotes) Business exists to supply goods and services to customers and economic surplus to society, rather than to supply jobs to workers and managers or even dividends to shareholders.  (Peter Drucker Quotes) There are just two questions to ask to attain success in business: First, What business am I in? Second, How’s business?  (Peter Drucker Quotes) 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 Quotes) An employer has no business with a man’s personality. The task is not to change personality, but to enable a person to achieve and to perform.  (Peter Drucker Quotes) Profit is not the explanation, cause, or rationale of business behavior and business decisions, but the test of their validity.  (Peter Drucker Quotes) The enterprise can fulfill its human and social functions only if it prospers as a business  (Peter Drucker Quotes) Luck never built a business. Prosperity and growth come only to the business that systematically finds and exploits its potential.  (Peter Drucker Quotes) Providing more desirable products, services, and customer experiences is vital to the continued existence of any business. And that is INNOVATION.  (Peter Drucker Quotes) The enterprise, by definition, must be capable of producing more or better than all the resources that comprise it.  (Peter Drucker Quotes) The first organization structure in the modern West was laid down in the canon law of the Catholic Church eight hundred years ago.  (Peter Drucker Quotes) Unless the power of the corporation can be organized on an accepted principle of legitimacy, it will be taken over by a Central government  (Peter Drucker Quotes) 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 Quotes) Systematic change requires a willingness to look on change as an opportunity  (Peter Drucker Quotes) If something fails despite being carefully planned, carefully designed, and conscientiously executed, that failure often bespeaks underlying change and, with it, opportunity.  (Peter Drucker Quotes) Quality of character doesn’t make a leader, but the lack of it flaws the entire process  (Peter Drucker Quotes) All earlier pluralist societies destroyed themselves because no one took care of the common good. They abounded in communities but could not sustain community, let alone create it.  (Peter Drucker Quotes) The productivity of people requires continuous learning, as the Japanese have taught us. It requires adoption in the West of the specific Japanese Zen concept where one learns to do better what one already does well.  (Peter Drucker Quotes) If you’re not living life on the edge, you’re taking up too much space. The best way to predict the future is to create it.  (Peter Drucker Quotes)
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