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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
Doe
Innovation
Live
Defined
Must
Clearly
Work
Exist
Men
Education
Prepare
Since
Practicals
Age
Practical
Cannot
Preparation
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Innovation is the specific tool of entrepreneurs, the means by which they exploit change as an opportunity for a different business or a different service.
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More business decisions occur over lunch and dinner than at any other time, yet no MBA courses are given on the subject.
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Business purpose and business mission are so rarely given adequate thought is perhaps the most important cause of business frustration and failure.
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The 1st question the effective decision-maker asks is: 'Is this a generic situation or an exception?'
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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'.
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If you want it, measure it. If you can't measure it, forget it.
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The problem in my life and other people's lives is not the absence of knowing what to do but the absence of doing it.
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Decisions of the kind the executive has to make are not made well by acclamation. They are made well only if based on the clash of conflicting views...The first rule in decision-making is that one does not make a decision unless there is disagreement.
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Keep your eye on the task, not on yourself. The task matters, and you are a servant
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With Christianity, freedom and equality became the two basic concepts of Europe they are themselves Europe.
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Any time I have seen someone accomplishing something magnificent, they have been a monomaniac with a mission. A single-minded individual with a passion.
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The concept of profit maximization is, in fact, meaningless.
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Loafing is easy, but leisure is difficult.
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Profit is not a cause but a result-
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The key to greatness is to look for people's potential and spend time developing it.
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Without institution there is no management. But without management there is no institution.
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The only industries that function well are the industries that take responsibility for training. The Japanese, you know, assume that when you first come to work you know absolutely nothing. School isn't preparation for work and never was.
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There is a point of complexity beyond which a business is no longer manageable.
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One does not start with facts. One starts with opinions.
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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.
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