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Time is the scarcest resource and unless it is managed nothing else can be managed.
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
Wise
Resource
Business
Managed
Else
Productivity
Nothing
Efficiency
Time
Economics
Life
Management
Resources
Unless
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A business is not defined by its name, statutes, or articles of incorporation. It is defined by the business mission. Only a clear definition of the mission and purpose of the organization makes possible clear and realistic business objectives.
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In the managerial organization, the top people sit in judgment in the innovative organization it is their job to encourage ideas, no matter how unripe or crude.
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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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Innovation is the specific instrument of entrepreneurship. The act that endows resources with a new capacity to create wealth.
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Defending yesterday is far more risky than making tomorrow.
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You can't manage what you don't measure.
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Leaders shouldn?t attach moral significance to their ideas: Do that, and you can?t compromise.
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The really important things are said over cocktails and are never done.
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It’s up to you to carve out your place, to know when to change course, and to keep yourself engaged and productive during a work life that may span some 50 years.
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There are only two things in a business that make money - innovation and marketing, everything else is cost.
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Look upon every obstacle as part payment towards your success.
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Our job in life is to make a positive difference, not prove we're right.
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The race for Quality has no finish line - so technically, it's more like a death march. Efficiency is doing things right effectiveness is doing the right things.
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The essence of management is to make knowledge productive.
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The only things that evolve by themselves in an organization are disorder, friction and malperformance.
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If you want it, measure it. If you can't measure it, forget it.
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When a resource is scarce, you increase its yield.
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The dilemma of modern society: the conflict between the need for capital formation at a high rate and the popular condemnation of interest and dividends as unearned income and capitalist, if not as sinful and wicked.
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