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Plans are worthless, but planning is invaluable.
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
Invaluable
Worthless
Planning
Plans
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The best way to predict the future is to create it.
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Too many leaders try to do a little bit of 25 things and get nothing done. They are very popular because they always say yes. But they get nothing done.
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All good strategy eventually degenerates into work.
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You can't manage what you don't measure.
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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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No one has ever failed to find the facts they are looking for.
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You cannot build performance on weaknesses. You can build only on strengths.
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As to the idea that advertising motivates people, remember the Edsel.
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Elephants have a hard time adapting. Cockroaches outlive everything.
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The company is not and must never claim to be home, family, religion, life or fate for the individual. It must never interfere in his private life or his citizenship. He is tied to the company through a voluntary and cancellable employment contract, not through some mystical or indissoluble bond.
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Inside an organization there are only cost centers. The only profit center is a customer whose check has not bounced.
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The moment people talk of implementing instead of doing, and of finalizing instead of finishing, the organization is already running a fever.
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Everything requires time. It is the only truly universal condition. All work takes place in time and uses up time. Yet most people take for granted this unique, irreplaceable, and necessary resource. Nothing else, perhaps, distinguishes effective executives as much as their tender loving care of time.
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Nobody in the world is as good at making decisions as the Japanese.
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Leadership is all about getting results.
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Absolute size by itself is no indicator of success and achievement, let alone of managerial competence. Being the right size is.
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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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Executives owe it to the organization and to their fellow workers not to tolerate nonperforming individuals in important jobs.
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The first organization structure in the modern West was laid down in the canon law of the Catholic Church eight hundred years ago.
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