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The only thing we know about the future is that it will be different.
Peter Drucker
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Peter Drucker
Age: 95 †
Born: 1909
Born: November 19
Died: 2005
Died: November 11
Author
Businessperson
Columnist
Economist
Journalist
Lawyer
Philosopher
Sculptor
University Teacher
Writer
Vienna
Austria
Peter F. Drucker
Peter Ferdinand Drucker
Economy
Future
Change
Different
Thing
Journey
Wise
More quotes by Peter Drucker
No financial man will ever understand business because financial people think a company makes money. A company makes shoes, and no financial man understands that. They think money is real. Shoes are real.
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Working with people is difficult, but not impossible.
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There is an unbroken chain of opposition to the introduction of economic freedom and to the capitalist autonomy of the economic sphere... In every case the opposition could only be overcome - peacefully or by force - because of the promise of capitalism to establish equality... That this promise was an illusion we all know.
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There is no perfect strategic decision. One always has to pay a price. One always has to balance conflicting objectives, conflicting opinions, and conflicting priorities. The best strategic decision is only an approximation - and a risk.
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Any time I have seen someone accomplishing something magnificent, they have been a monomaniac with a mission. A single-minded individual with a passion.
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The better a man is the more mistakes will he make – for the more new things he will try.
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Brilliant men are often strikingly ineffectual. They fail to realize that the brilliant insight is not by itself achievement. They never have learned that insights become effectiveness only through hard systematic work.
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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.
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Managers are the basic and scarcest resource of any business enterprise.
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Knowledge has become the key economic resource and the dominant-and perhaps even the only-source of competitive advantage.
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No one learns as much about a subject as one who is forced to teach it.
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As a manager you're paid to be uncomfortable. If you're comfortable, it's a sure sign you're doing things wrong.
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The aim of marketing is to know and understand the customer so well the product or service fits him and sells itself.
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The really important things are said over cocktails and are never done.
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Most people think they know what they are good at. They are usually wrong... And yet, a person can perform only from strength.
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Effective organizations put people in jobs in which they can do the most good. They place people -- and allow people to place themselves -- according to their strengths.
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The individual is the central, rarest, most precious capital resource of our society.
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The most important, and indeed the truly unique, contribution of management in the 20th century was the fifty-fold increase in the productivity of the MANUAL WORKER in manufacturing. The most important contribution management needs to make in the 21st century is similarly to increase the productivity of KNOWLEDGE WORK and the KNOWLEDGE WORKER.
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Decision making is the specific executive task.
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What we are good at comes easy, and we believe that unless it comes hard, it can't be very good.
Peter Drucker
