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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.

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
Eight
Perspective
Careers
Grow
Grows
Stills
Still
Going
Fifty

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Many studies of research scientists have shown that achievement (at least below the genius level of an Einstein, Bohr, or a Planck) depends less on ability in doing research than on the courage to go after opportunity.
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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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The most serious mistakes are not being made as a result of wrong answers. The true dangerous thing is asking the wrong question.
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Only three things happen naturally in organizations: friction, confusion, and underperformance. Everything else requires leadership.
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There is nothing worse than doing the wrong thing well.
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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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Every enterprise is learning and teaching institution. Training and development must be built into it on all levels, training and development that never stop.
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Of those things that would make a difference, which are right for me?
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To be a manager requires more than a title, a big office, and other outward symbols of rank. It requires competence and performance of a high order.
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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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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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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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To satisfy the customer is the mission and purpose of every business.
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As to the idea that advertising motivates people, remember the Edsel.
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The really important things are said over cocktails and are never done.
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Profit is not a cause but a result-
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Every success creates new opportunities. So does every failure.
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