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More business decisions occur over lunch and dinner than at any other time, yet no MBA courses are given on the subject.
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
Time
Decisions
Dinner
Subject
Subjects
Decision
Courses
Mba
Business
Occur
Given
Lunch
More quotes by Peter Drucker
If a business is to be considered a continuous process, instead of a series of disjointed stop-and-go events, then the economic universe in which a business operates-and all the major events within it-must have rhyme, rhythm, or reason.
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Our society has become an employee society.
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Everybody has accepted by now that change is unavoidable. But that still implies that change is like death and taxes - it should be postponed as long as possible and no change would be vastly preferable. But in a period of upheaval, such as the one we are living in, change is the norm.
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Nothing else, perhaps, distinguishes effective executives as much as their tender loving care of time.
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During periods of discontinuous, abrupt change, the essence of adaptation involves a keen sensitivity to what should be abandoned - not what should be changed or introduced. A willingness to depart from the familiar has distinct survival value.
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The concept of profit maximization is, in fact, meaningless.
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Checking the results of a decision against its expectations shows executives what their strengths are, where they need to improve, and where they lack knowledge or information.
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The 1st question the effective decision-maker asks is: 'Is this a generic situation or an exception?'
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Doing the right thing is more important than doing the thing right.
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Success always obsoletes the very behavior that achieved it.
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Time is the scarcest resource.
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The world political system is till based on the concept of the national sovereign state. For the first time therefore, in three hundred years economy and sovereignty are becoming divorced from each other.
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Our job in life is to make a positive difference, not prove we're right.
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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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(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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An established company which, in an age demanding innovation, is not able to innovation, is doomed to decline and extinction.
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The more successful the unit, the more difficult it is to make sure that the large company doesn't put the same expectations on it as it does for the rest of the company. When it's a new venture, whether it's outside or inside the business, it's a child. And you don't put a 40-pound pack on a 6-year-old's back when you take her hiking.
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The true business of every company is to make and keep customers.
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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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If socialism is defined as ownership of the means of production--and this is both the orthodox and the only rigorous definition--then the United States is the first truly Socialist country.
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