Quote

An established company which, in an age demanding innovation, is not able to innovation, is doomed to decline and extinction.

Peter Drucker

Change background

T
T
T

Change font

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
Decline
Established
Innovation
Creativity
Company
Age
Extinction
Able
Demanding
Doomed

More quotes by Peter Drucker

Image
The best plan is only a plan... unless it degerates into work.
Peter Drucker
Image
The most valuable assets of a 20th-century company were its production equipment. The most valuable assets of a 21st-century institution, whether business or nonbusiness, will be its knowledge, workers, and their productivity.
Peter Drucker
Image
Here I am, fifty-eight, and I still don't know what I'm going to be when I grow up.
Peter Drucker
Image
Every single social and global issue of our day is a business opportunity in disguise.
Peter Drucker
Image
Don't try to innovate for the future. Innovate for the present!
Peter Drucker
Image
When the business grows, the person who founded it is incredibly busy. Rapid growth puts an enormous strain on a business. You outgrow your production facilities. You outgrow your management capabilities.
Peter Drucker
Image
No financial man will ever understand business because financial people think a company makes money. A company makes shoes, and no financial man understands that. They think money is real. Shoes are real.
Peter Drucker
Image
There is nothing worse than doing the wrong thing well.
Peter Drucker
Image
The best way to predict the future is to create it.
Peter Drucker
Image
The essence of management is to make knowledge productive.
Peter Drucker
Image
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.
Peter Drucker
Image
Most discussions of decision making assume that only senior executives make decisions or that only senior executives' decisions matter. This is a dangerous mistake.
Peter Drucker
Image
Concentration is the key to economic results. No other principle of effectiveness is violated as constantly today as the basic principle of concentration.... Our motto seems to be, Let's do a little bit of everything.
Peter Drucker
Image
The aim of marketing is to know and understand the customer so well the product or service fits him and sells itself.
Peter Drucker
Image
The better a man is the more mistakes will he make – for the more new things he will try.
Peter Drucker
Image
No single piece of macroeconomic advice given by the experts to their government has ever had the results predicted.
Peter Drucker
Image
If general perception changes from seeing the glass as 'half-full' to seeing it as 'half empty' there are major innovative opportunities.
Peter Drucker
Image
The purpose of an organization is to enable ordinary humans beings to do extraordinary things.
Peter Drucker
Image
The basic economic resource - the means of production - is no longer capital, nor natural resources, nor labor. It is and will be knowledge.
Peter Drucker
Image
Strong people have strong weaknesses.
Peter Drucker