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 8 of 30)

592 quotes — follow a thought to its full quote page.

Peter Drucker Management Consultant, Author
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"Communism is evil. Its driving forces are the deadly sins of envy and hatred."

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Peter Drucker Management Consultant, Author
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"If general perception changes from seeing the glass as 'half-full' to seeing it as 'half empty' there are major innovative opportunities."

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"The enterprise that does not innovate ages and declines. And in a period of rapid change such as the present, the decline will be fast."

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"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."

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"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."

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"History has been written not by the most talented but by the most motivated."

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"Innovation requires us to systematically identify changes that have already occurred in a business - in demographics, in values, in technology or science - and then to look at them as opportunities. It also requires something that is most difficult for existing companies to do: to abandon rather than defend yesterday."

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"The knowledge we now consider knowledge proves itself in action. What we now mean by knowledge is information effective in action, information focused on results. Results are outside the person, in society and economy, or in the advancement of knowledge itself. To accomplish anything this knowledge has to be highly specialized."

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"The basic economic resource - the means of production - is no longer capital, nor natural resources, nor labor. It is and will be knowledge."

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

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"The honest work of yesterday has lost its social status, its social esteem."

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"You cannot prevent a major catastrophe, but you can build an organization that is battle-ready, where people trust one another. In military training, the first rule is to instill soldiers with trust in their officers - because without trust, they won't fight."

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"No decision has been made unless carrying it out in specific steps has become someone's work assignment and responsibility."

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"Objectives can be compared to a compass bearing by which a ship navigates. A compass bearing is firm, but in actual navigation, a ship may veer off its course for many miles. Without a compass bearing, a ship would neither find its port nor be able to estimate the time required to get there."

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

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"The great challenge to management today is to make productive the tremendous new resource, the knowledge worker. This, rather than the productivity of the manual worker, is the key to economic growth and economic performance in today's society."

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"The new information technology... Internet and e-mail... have practically eliminated the physical costs of communications."

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"When a subject becomes totally obsolete we make it a required course."

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