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Entrepreneurship is neither a science nor an art. It is a practice.

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
Entrepreneurship
Entrepreneur
Neither
Practice
Science
Inspirational
Art
Entrepreneurial

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Objectives are not commands they are commitments.
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Any organisation develops people it either forms them or deforms them.
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Nothing is less productive than to make more efficient what should not be done at all.
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The only thing we know about the future is that it will be different.
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It has been said, and only half in jest, that a tough, professionally led union is a great force for improving management performance. It forces the manager to think about what he is doing and to be able to explain his actions and behavior.
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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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The most efficient way to produce anything is to bring together under one management as many as possible of the activities needed to turn out the product.
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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.
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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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Decisions of the kind the executive has to make are not made well by acclamation. They are made well only if based on the clash of conflicting views...The first rule in decision-making is that one does not make a decision unless there is disagreement.
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Teaching 23-year-olds in an MBA programme strikes me as largely a waste of time. They lack the background of experience. You can teach them skills - accounting and what have you - but you can't teach them management.
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Cultivate a deep understanding of yourself - not only what your strengths and weaknesses are but also how you learn, how you work with others, what your values are, and where you can make the greatest contribution. Because only when you operate from strengths can you achieve true excellence.
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In a rural society communities are given for the individual. Community is a fact, whether family or religion, social class or caste.
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The corporation is the master, the employee is the servant. Because the corporation owns the means of production without which the employee could not make a living, the employee needs the corporation more than vice versa.
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The problem in my life and other people's lives is not the absence of knowing what to do but the absence of doing it.
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The tool user, provided the tool is made well, need not, and indeed should not, know anything about the tool.
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Defending yesterday is far more risky than making tomorrow.
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The concept of profit maximization is, in fact, meaningless.
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There is a point of complexity beyond which a business is no longer manageable.
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The new information technology... Internet and e-mail... have practically eliminated the physical costs of communications.
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