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No one has ever failed to find the facts they are looking for.
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
Failed
Looking
Facts
Find
Ever
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(Waste = Loss): The first rule of business is to survive and the guiding principle of business economics is not the maximisation of profit, it is the avoidance of loss
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The only skill that will be important in the 21st century is the skill of learning new skills.Everythi ng else will become obsolete over time.
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Charisma becomes the undoing of leaders. It makes them inflexible, convinced of their own infallibility, unable to change
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There is nothing worse than doing the wrong thing well.
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Management means, in the last analysis, the substitution of thought for brawn and muscle, of knowledge for folkways and superstition, and of cooperation for force. It means the substitution of responsibility for obedience to rank, and of authority of performance for the authority of rank.
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Leaders shouldn?t attach moral significance to their ideas: Do that, and you can?t compromise.
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Every three or four years I pick a new subject. It may be Japanese art it may be economics. Three years of study are by no means enough to master a subject but they are enough to understand it. SO for more than 60 years I have kept studying one subject at a time.
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The best way to predict the future is to create it.
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Salvation by society failed the most where it promised the most, in the communist countries. But it also failed in the West. Practically no government program enacted since the 1950s in the Western world - or in the communist countries - has been successful.
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A success that has outlived its usefulness may, in the end, be more damaging than failure.
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It is easier to raise the performance of one leader than it is to raise the performance of a whole mass.
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To arrive at the definition of the problem he must begin by finding the 'critical factor'. This is the element (or elements) in the situation that has to be changed before anything else can be changed, moved, acted upon.
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Company cultures are like country cultures. Never try to change one. Try, instead, to work with what you've got.
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The computer, being a mechanical moron, can handle only quantifiable data.
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Nothing is less productive than to make more efficient what should not be done at all.
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The worker's effectiveness is determined largely by the way he is being managed.
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There is the risk you cannot afford to take, and there is the risk you cannot afford not to take.
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Mission defines strategy, and strategy defines structure.
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For new technology to replace old, it has to have at least ten times the benefit.
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You can either take action, or you can hang back and hope for a miracle. Miracles are great, but they are so unpredictable.
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