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Since we live in an age of innovation, a practical education must prepare a man for work that does not yet exist and cannot yet be clearly defined.
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
Cannot
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Doe
Innovation
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Must
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Work
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Men
Education
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Since
Practicals
Age
Practical
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Follow effective action with quiet reflection.
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In todays economy, the most important resource is no longer labor, capital or land it is knowledge
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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.
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Only three things happen naturally in organizations: friction, confusion, and underperformance. Everything else requires leadership.
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The individual is the central, rarest, most precious capital resource of our society.
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The concept of profit maximization is, in fact, meaningless.
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Plans are only good intentions unless they immediately degenerate into hard work.
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The really important things are said over cocktails and are never done.
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An employer has no business with a man's personality... The task is not to change personality, but to enable a person to achieve and to perform.
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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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Some of the best business and nonprofit CEOs I've worked with over a sixty-five-year consulting career were not stereotypical leaders. They were all over the map in terms of their personalities, attitudes, values, strengths, and weaknesses.
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The single minded ones, the monomaniacs, are the only true achievers
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Look at government programs for the past fifty years. Every single one - except warfare - achieved the exact opposite of its announced goal.
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It is commonly believed that innovations create changes - but few ever do. Successful innovations exploit changes that have already happened.
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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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As with every phenomenon of the objective universe, the first step toward understanding work is to analyze it.
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Executives do many things in addition to making decisions. But only executives make decisions. The first managerial skill is, therefore, the making of effective decisions.
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The purpose of information is not knowledge. It is being able to take the right action.
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Don't take on things you don't believe in and that you yourself are not good at. Learn to say no. Effective leaders match the objective needs of their company with the subjective competencies. As a result, they get an enormous amount of things done fast.
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