Share
×
Inspirational Quotes
Authors
Professions
Topics
Tags
Quote
Because its purpose is to create a customer, the business enterprise has two - and only these two — basic functions: marketing and innovation. Marketing and innovation produce results all the rest are 'costs'.
Peter Drucker
Share
Change background
T
T
T
Change font
Original
TAGS & TOPICS
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
Cost
Customer
Produce
Costs
Rest
Enterprise
Results
Marketing
Create
Customers
Purpose
Innovation
Business
Basic
Two
Function
Functions
More quotes by Peter Drucker
Spontaneity is an infinite number of rehearsed possibilities.
Peter Drucker
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.
Peter Drucker
Efficiency is doing better what is already being done.
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
You can't manage knowledge.Knowledge is between two ears and only between two ears.
Peter Drucker
Objectives are not commands they are commitments.
Peter Drucker
The only things that evolve by themselves in an organization are disorder, friction and malperformance.
Peter Drucker
Do the right things instead of trying to do everything right.
Peter Drucker
There are two types of people in the business community: those who produce results and those who give you reasons why they didn't.
Peter Drucker
If socialism is defined as ownership of the means of production--and this is both the orthodox and the only rigorous definition--then the United States is the first truly Socialist country.
Peter Drucker
Education can no longer be the sole property of the state.
Peter Drucker
We have only one alternative: either to build a functioning industrial society or see freedom itself disappear in anarchy and tyranny.
Peter Drucker
The job of a professional manager is not to like people. It is not to change people. It is to put their strengths to work.
Peter Drucker
Vision without execution is delusion. The joy is in the results
Peter Drucker
Effective organizations put people in jobs in which they can do the most good. They place people -- and allow people to place themselves -- according to their strengths.
Peter Drucker
Effective people are not problem minded they're opportunity-minded. They feed opportunities and starve problems. They think preventively.
Peter Drucker
One has to make a decision when a condition is likely to degenerate if nothing is done.
Peter Drucker
Knowledge has become the key economic resource and the dominant-and perhaps even the only-source of competitive advantage.
Peter Drucker
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.
Peter Drucker
Business exists to supply goods and services to customers and economic surplus to society, rather than to supply jobs to workers and managers or even dividends to shareholders.
Peter Drucker