Peter F. Drucker Quotes

If you want something new, you have to stop doing something old

Follow effective action with quiet reflection. From the quiet reflection will come even more effective action.

Strategy is a commodity, execution is an art.

There is nothing so useless as doing efficiently that which should not be done at all.

Whenever you see a successful business, someone once made a courageous decision.

People who don't take risks generally make about two big mistakes a year. People who do take risks generally make about two big mistakes a year.

No one learns as much about a subject as one who is forced to teach it.

What's measured improves

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

Your first and foremost job as a leader is to take charge of your own energy and then help to orchestrate the energy of those around you.

Rank does not confer privilege or give power. It imposes responsibility.

Trying to predict the future is like trying to drive down a country road at night with no lights while looking out the back window.

No institution can possibly survive if it needs geniuses or supermen to manage it. It must be organized in such a way as to be able to get along under a leadership composed of average human beings.

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.

Success in the knowledge economy comes to those who know themselves - their strengths, their values, and how they best perform.

Nothing is less productive than to make more efficient what should not be done at all.

A manager is responsible for the application and performance of knowledge.

Only a clear, focused, and common mission can hold the organization together and enable it to produce results.

Until we can manage time, we can manage nothing else.

There are an enormous number of managers who have retired on the job.

This defines entrepreneur and entrepreneurship - the entrepreneur always searches for change, responds to it, and exploits it as an opportunity.

There is only one valid definition of business purpose: to create a customer.

Innovation is the specific instrument of entrepreneurship...the act that endows resources with a new capacity to create wealth.

The purpose of business is to create and keep a customer.

The best way to predict your future is to create it

People in any organization are always attached to the obsolete - the things that should have worked but did not, the things that once were productive and no longer are.

Efficiency is doing the thing right. Effectiveness is doing the right thing.

The knowledge that we consider knowledge proves itself in action. What we now mean by knowledge is information in action, information focused on results.