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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
Courses
Mba
Business
Occur
Given
Lunch
Time
Decisions
Dinner
Subject
Subjects
Decision
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...because knowledge rapidly deteriorates unless it is used constantly, maintaining within an organization an activity that is used only intermittently guarantees incompetence.
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If you want it, measure it. If you can't measure it, forget it.
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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.
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Knowledge has to be improved, challenged, and increased constantly, or it vanishes.
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There is an unbroken chain of opposition to the introduction of economic freedom and to the capitalist autonomy of the economic sphere... In every case the opposition could only be overcome - peacefully or by force - because of the promise of capitalism to establish equality... That this promise was an illusion we all know.
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Efficiency is doing better what is already being done.
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Our job in life is to make a positive difference, not prove we're right.
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Ideas are cheap and abundant what is of value is the effective placement of those ideas into situations that develop into action.
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It's amazing how many things busy people are doing that never will be missed.
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We no longer even understand the question whether change is by itself good or bad, ...We start out with the axiom that it is the norm. We do not see change as altering the order... We see change as being order itself - indeed the only order we can comprehend today is a dynamic, a moving, a changing one.
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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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We can't make people better by trying to eliminate their weaknesses, but we can help then perform better by building on their strengths.
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A fundamental responsibility of leadership is make sure that everybody knows the mission, understands it, lives it.
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Nothing else, perhaps, distinguishes effective executives as much as their tender loving care of time.
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Concentration is the key to economic results. No other principle of effectiveness is violated as constantly today as the basic principle of concentration.... Our motto seems to be, Let's do a little bit of everything.
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Every organization has to prepare for the abandonment of everything it does.
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Our society has become an employee society.
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Defending yesterday is far more risky than making tomorrow.
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Knowledge is power, which is why people who had it in the past often tried to make a secret of it. In post-capitalism, power comes from transmitting information to make it productive, not from hiding it.
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The talk you hear about adapting to change is not only stupid, it's dangerous. The only way you can manage change is to create it.
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