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Every organization has to prepare for the abandonment of everything it does.

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
Every
Abandonment
Prepare
Organization
Business
Doe
Everything

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The computer, being a mechanical moron, can handle only quantifiable data.
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The most efficient way to produce anything is to bring together under one management as many as possible of the activities needed to turn out the product.
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Leadership is not rank, privileges, title or money. It is responsibility.
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There is the general belief that the corporation income tax is a tax on the rich and on the fat cats. But with pension funds owning 30% of American large business-and soon to own 50%-the corporation income tax, in effect, eases the load on those in top income brackets and penalizes the beneficiaries of pension funds.
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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 enterprise can fulfill its human and social functions only if it prospers as a business.
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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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It’s up to you to carve out your place, to know when to change course, and to keep yourself engaged and productive during a work life that may span some 50 years.
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Efficiency is doing better what is already being done.
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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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In todays economy, the most important resource is no longer labor, capital or land it is knowledge
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No one has ever failed to find the facts they are looking for.
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What gets measured gets managed.
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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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Through systematic terror, through indoctrination, through systematic manipulation of stimulus, reward, and punishment, we can today break man and convert him into brute animal... The first step toward survival is therefore to make government legitimate again by attempting to deprive it of these powers... by international action to ban such powers.
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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.
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