"The postwar [WWII] GI Bill of Rights - and the enthusiastic response to it on the part of America's veterans - signaled the shift to the knowledge society. Future historians may consider it the most important event of the twentieth century. We are clearly in the midst of this transformation; indeed, if history is any guide, it will not be completed until 2010 or 2020. But already it has changed the political, economic and moral landscape of the world."
Peter Drucker
Management Consultant, Author
Peter Drucker was a management consultant and author known for his contributions to modern business practices and the concept of management by objectives.
- Born
- November 19, 1909
- Died
- November 11, 2005
- Quotes
- 592
- Rank
- #311
Quote collection
Peter Drucker quotes (page 16 of 30)
592 quotes — follow a thought to its full quote page.
"Ideas are cheap and abundant; what is of value is the effective placement of those ideas into situations that develop into action."
"The purpose of an organization is to enable ordinary humans beings to do extraordinary things."
"If you want to predict the future create it."
"Nothing is less productive than to make more efficient what should not be done at all."
"(Waste = Loss): The first rule of business is to survive and the guiding principle of business economics is not the maximisation of profit, it is the avoidance of loss"
"It is more productive to convert an opportunity into results than to solve a problem - which only restores the equilibrium of yesterday."
"To be a manager requires more than a title, a big office, and other outward symbols of rank. It requires competence and performance of a high order."
"The individual is the central, rarest, most precious capital resource of our society."
"Ideas are somewhat like babies - they are born small, immature, and shapeless. They are promise rather than fulfillment. In the innovative company executives do not say, "This is a damn-fool idea." Instead they ask, "What would be needed to make this embryonic, half-baked, foolish idea into something that makes sense, that is an opportunity for us?""
"Society, community, family are all conserving institutions. They try to maintain stability and to prevent, or at least slow down, change. But the organization of the post-capitalist society of organizations is a destabilizer. Because its function is to put knowledge to work - on tools, processes, and products; on work; on knowledge itself - it must be organized for constant change."
"An effective executive builds on strengths - their own strengths, the strengths of superiors, colleagues, subordinates, and on the strength of the situation."
"What you have to do and the way you have to do it is incredibly simple. Whether you are willing to do it is another matter."
"A manager is responsible for the application and performance of knowledge."
"The success and ultimately the survival of every business, large or small, depends in the last analysis on its ability to develop people. This ability is not measured by any of our conventional yardsticks of economic success; yet, is the final measurement."
"The corporation is the "master", the employee is the "servant". Because the corporation owns the means of production without which the employee could not make a living, the employee needs the corporation more than vice versa."
"Tomorrow always arrives. It is always different. And even the mightiest company is in trouble if it has not worked on the future. Being surprised by what happens is a risk that even the largest and richest company cannot afford, and even the smallest business need not run."
"Success? Odd as it seems, you will achieve the greates results in business and career if you drop the word 'achievement' from your vocabulary and replace it with 'contribution'."
"Planning is actually incompatible with an entrepreneurial society and economy. Planning is the kiss of death of entrepreneurship."
"When the business grows, the person who founded it is incredibly busy. Rapid growth puts an enormous strain on a business. You outgrow your production facilities. You outgrow your management capabilities."