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The fruit of your work grows on other people's trees

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
Grows
Work
People
Trees
Fruit
Tree

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There is one qualification the manager cannot acquire but must bring to the task. It is not genius it is character.
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Entrepreneurship is neither a science nor an art. It is a practice.
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Successful careers are not planned. They develop when people are prepared for opportunities because they know their strengths, their method of work, and their values. Knowing where one belongs can transform an ordinary person - hardworking and competent but otherwise mediocre - into an outstanding performer.
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Vision without execution is delusion. The joy is in the results
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Capitalism is being attacked not because it is inefficient or misgoverned but because it is cynical. And indeed a society based on the assertion that private vices become public benefits cannot endure, no matter how impeccable its logic, no matter how great its benefits.
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One does not start with facts. One starts with opinions.
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As a manager you're paid to be uncomfortable. If you're comfortable, it's a sure sign you're doing things wrong.
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A man should never be appointed into a managerial position if his vision focuses on people's weaknesses rather than on their strengths.
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Executives owe it to the organization and to their fellow workers not to tolerate nonperforming individuals in important jobs.
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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 are only two things in a business that make money - innovation and marketing, everything else is cost.
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Many studies of research scientists have shown that achievement (at least below the genius level of an Einstein, Bohr, or a Planck) depends less on ability in doing research than on the courage to go after opportunity.
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The correct assumption is that what individuals have learned by age twenty-one will begin to become obsolete five to ten years later and will have to be replaced-or at least refurbished-by new learning, new skills, new knowledge.
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Inside an organization there are only cost centers. The only profit center is a customer whose check has not bounced.
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The large organization has to learn to innovate, or it won't survive.
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The purpose of information is not knowledge. It is being able to take the right action.
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Change is the norm unless an organization sees that its task is to lead change, that organization will not survive.
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There's nothing so useless than executing a task efficiently when it actually never should have been executed at all.
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It is willingness of people to give of themselves over and above the demands of the job that distinguishes the great from the merely adequate.
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There are companies that are good at improving what they're already doing. There are companies that are good at extending what they're doing. And finally there are companies that are good at innovation. Every large company has to be able to do all three - improve, extend, and innovate - simultaneously.
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