Quote

The purpose of information is not knowledge. It is being able to take the right action.

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
Purpose
Action
Able
Take
Right
Information
Knowledge

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The enterprise that does not innovate ages and declines. And in a period of rapid change such as the present, the decline will be fast.
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The computer, being a mechanical moron, can handle only quantifiable data.
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Effective people are not problem minded they're opportunity-minded. They feed opportunities and starve problems. They think preventively.
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Customers pay only for what is of use to them and gives them value. Nothing else constitutes quality.
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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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There are only two things in a business that make money - innovation and marketing, everything else is cost.
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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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There are usually half a dozen right answers to what needs to be done. Yet, unless a person makes the risky and controversial choice of only one, he will achieve nothing.
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What's measured improves
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As a rule we perceive what we expect to perceive... The unexpected is usually not received at all.
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The greatest change in corporate culture - and the way business is being conducted - may be the accelerated growth of relationships based... on partnership.
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Salvation by society failed the most where it promised the most, in the communist countries. But it also failed in the West. Practically no government program enacted since the 1950s in the Western world - or in the communist countries - has been successful.
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Every organization must be prepared to abandon everything it does to survive in the future.
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The final test of greatness in a CEO is how well he chooses a successor and whether he can step aside and let the successor run the company.
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One either meets or one works.
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There's an enormous number of managers who have retired on the job.
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Conductors do not know how the oboe does its work, but they know what the oboe should contribute.
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The most important, and indeed the truly unique, contribution of management in the 20th century was the fifty-fold increase in the productivity of the MANUAL WORKER in manufacturing. The most important contribution management needs to make in the 21st century is similarly to increase the productivity of KNOWLEDGE WORK and the KNOWLEDGE WORKER.
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Since we live in an age of innovation, a practical education must prepare a man for work that does not yet exist and cannot yet be clearly defined.
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The company is not and must never claim to be home, family, religion, life or fate for the individual. It must never interfere in his private life or his citizenship. He is tied to the company through a voluntary and cancellable employment contract, not through some mystical or indissoluble bond.
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