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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
Inspirational
Art
Entrepreneurial
Entrepreneurship
Entrepreneur
Neither
Practice
Science
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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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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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Time is the scarcest resource and unless it is managed nothing else can be managed.
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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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It takes far less energy to move from first-rate performance to excellence than it does to move from incompetence to mediocrity.
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There are two types of people in the business community: those who produce results and those who give you reasons why they didn't.
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Time is the scarcest resource.
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Marketing is not only much broader than selling, it is not a specialized activity at all. It encompasses the entire business. It is the whole business seen from the point of view of its final result, that is, from the customer's point of view.
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The experience of the human race indicates strongly that the only person in abundant supply is the universal incompetent.
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Every three or four years I pick a new subject. It may be Japanese art it may be economics. Three years of study are by no means enough to master a subject but they are enough to understand it. SO for more than 60 years I have kept studying one subject at a time.
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It's amazing how many things busy people are doing that never will be missed.
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There's no such thing as knowledge management there are only knowledgeable people. Information only becomes knowledge in the hands of someone who knows what to do with it.
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The most important contribution management needs to make in the 21st century is ... to increase the productivity of knowledge work and the knowledge worker
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There is a point of complexity beyond which a business is no longer manageable.
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In the modern corporation the decisive power, that of the managers , is derived from no one but the managers themselves controlled by nobody and nothing and responsible to no one. It is in the most literal sense unfounded, unjustified, uncontrolled and irresponsible power.
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You can either take action, or you can hang back and hope for a miracle. Miracles are great, but they are so unpredictable.
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As a rule we perceive what we expect to perceive... The unexpected is usually not received at all.
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There are usually half a dozen right answers to what needs to be done. Yet, unless a person makes the risky and controversial choice of only one, he will achieve nothing.
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Do not measure your life by your goals but what you are doing to achieve them.
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The greatest change in corporate culture - and the way business is being conducted - may be the accelerated growth of relationships based... on partnership.
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