Quote

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

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
Organization
Articles
Name
Realistic
Names
Mission
Possible
Objectives
Clear
Definition
Purpose
Missions
Business
Definitions
Incorporation
Makes
Defined
Statutes

More quotes by Peter Drucker

Image
That people even in well paid jobs choose ever earlier retirement is a severe indictment of our organizations - not just business, but government service, the universities. These people don't find their jobs interesting.
Peter Drucker
Image
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.
Peter Drucker
Image
What is the major problem? It is fundamentally the confusion between effectiveness and efficiency that stands between doing the right things and doing things right. There is surely nothing quite so useless as doing with great efficiency what should not be done at all.
Peter Drucker
Image
In todays economy, the most important resource is no longer labor, capital or land it is knowledge
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
The subordinate's job is not to reform or reeducate the boss, not to make him conform to what the business schools or the management book say bosses should be like. It is to enable a particular boss to perform as a unique individual.
Peter Drucker
Image
When Henry Ford said, The customer can have a car in any color as long as it's black, he was not joking.
Peter Drucker
Image
One has to make a decision when a condition is likely to degenerate if nothing is done.
Peter Drucker
Image
Innovation requires us to systematically identify changes that have already occurred in a business - in demographics, in values, in technology or science - and then to look at them as opportunities. It also requires something that is most difficult for existing companies to do: to abandon rather than defend yesterday.
Peter Drucker
Image
The greatest change in corporate culture - and the way business is being conducted - may be the accelerated growth of relationships based... on partnership.
Peter Drucker
Image
The single most important thing to remember about any enterprise is that results exist only on the outside.The result of a business is a satisfied customer. The result of a hospital is a satisfied patient. The result of a school is a student who has learned something and puts it to work ten years later. Inside an enterprise there are only costs.
Peter Drucker
Image
Mission defines strategy, and strategy defines structure.
Peter Drucker
Image
If a manager spends more than 10 percent of his time on human relations the group is probably too large.
Peter Drucker
Image
The most important decisions in organizations are people decisions, and yet only the military, and only recently, has begun to ask, If we assign this general to lead this base, what do we expect him to accomplish?
Peter Drucker
Image
The only things that evolve by themselves in an organization are disorder, friction and malperformance.
Peter Drucker
Image
Follow effective action with quiet reflection.
Peter Drucker
Image
The purpose of information is not knowledge. It is being able to take the right action.
Peter Drucker
Image
An effective executive builds on strengths - their own strengths, the strengths of superiors, colleagues, subordinates, and on the strength of the situation.
Peter Drucker
Image
Time is the scarcest resource.
Peter Drucker
Image
No executive has ever suffered because his subordinates were strong and effective.
Peter Drucker