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There is the risk you cannot afford to take, and there is the risk you cannot afford not to take.
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
Cannot
Take
Life
Afford
Risk
Inspirational
More quotes by Peter Drucker
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.
Peter Drucker
[T]hroughout the ages to be educated meant to be unproductive.... our word school - and its equivalent in all European languages - derives from a Greek word meaning leisure.
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Fascism is the result of the collapse of Europe's spiritual and social order... catastrophes broke through the everyday routine which makes men accept existing forms, institutions and tenets as unalterable natural laws. They suddenly exposed the vacuum behind the facade of society.
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That people even in well paid jobs choose ever earlier retirement is a severe indictment of our organizations - not just business, but government service, the universities. These people don't find their jobs interesting.
Peter Drucker
Business purpose and business mission are so rarely given adequate thought is perhaps the most important cause of business frustration and failure.
Peter Drucker
The purpose of information is not knowledge. It is being able to take the right action.
Peter Drucker
A manager's task is to make the strengths of people effective and their weakness irrelevant - and that applies fully as much to the manager's boss as it applies to the manager's subordinates.
Peter Drucker
The fewer data needed, the better the information. And an overload of information, that is, anything much beyond what is truly needed, leads to information blackout. It does not enrich, but impoverishes.
Peter Drucker
Conductors do not know how the oboe does its work, but they know what the oboe should contribute.
Peter Drucker
It's amazing how many things busy people are doing that never will be missed.
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One does not manage people. The task is to lead people.
Peter Drucker
For new technology to replace old, it has to have at least ten times the benefit.
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Here I am, fifty-eight, and I still don't know what I'm going to be when I grow up.
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Defending yesterday is far more risky than making tomorrow.
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Of all the decisions an executive makes, none is as important as the decisions about people, because they determine the performance capacity of the organization.
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To satisfy the customer is the mission and purpose of every business.
Peter Drucker
The enterprise, by definition, must be capable of producing more or better than all the resources that comprise it.
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.
Peter Drucker
The basic economic resource - the means of production - is no longer capital, nor natural resources, nor labor. It is and will be knowledge.
Peter Drucker
I would hope that American managers-indeed, managers worldwide-continue to appreciate what I have been saying almost from day one: that management is so much more than exercising rank and privilege, that it is much more than making deals. Management affects people and their lives.
Peter Drucker
