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If you have too many problems, maybe you should get out of business. There is no law that says a company must last forever.

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
Forever
Law
Lasts
Last
Business
Problems
Problem
Says
Many
Maybe
Must
Company

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If a business is to be considered a continuous process, instead of a series of disjointed stop-and-go events, then the economic universe in which a business operates-and all the major events within it-must have rhyme, rhythm, or reason.
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Nothing is less productive than to make more efficient what should not be done at all.
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To make the future demands courage. It demands work. But it also demands faith.
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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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Time is the scarcest resource.
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Checking the results of a decision against its expectations shows executives what their strengths are, where they need to improve, and where they lack knowledge or information.
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If a manager spends more than 10 percent of his time on human relations the group is probably too large.
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The new information technology... Internet and e-mail... have practically eliminated the physical costs of communications.
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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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Elephants have a hard time adapting. Cockroaches outlive everything.
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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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As with every phenomenon of the objective universe, the first step toward understanding work is to analyze it.
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Every few hundred years in Western history there occurs a sharp transformation. Within a few short decades, society - its worldview, its basic values, its social and political structures, its art, its key institutions - rearranges itself. We are currently living through such a time.
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Charisma becomes the undoing of leaders. It makes them inflexible, convinced of their own infallibility, unable to change
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All companies are service companies some also manufacture products.
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To make knowledge productive, we will have to learn to see both forest and tree. We will have to learn to connect.
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There's nothing so useless than executing a task efficiently when it actually never should have been executed at all.
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During periods of discontinuous, abrupt change, the essence of adaptation involves a keen sensitivity to what should be abandoned - not what should be changed or introduced. A willingness to depart from the familiar has distinct survival value.
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