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One has to make a decision when a condition is likely to degenerate if nothing is done.
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
Decision
Nothing
Done
Degenerate
Make
Degenerates
Entrepreneur
Condition
Likely
Conditions
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The really important things are said over cocktails and are never done.
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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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Nobody can predict the future the idea is to have a firm grasp of the present.
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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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Tomorrow always arrives. It is always different. And even the mightiest company is in trouble if it has not worked on the future. Being surprised by what happens is a risk that even the largest and richest company cannot afford, and even the smallest business need not run.
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The days of the 'intuitive' manager are numbered.
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No one has ever failed to find the facts they are looking for.
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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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You can't manage what you don't measure.
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Teaching 23-year-olds in an MBA programme strikes me as largely a waste of time. They lack the background of experience. You can teach them skills - accounting and what have you - but you can't teach them management.
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Institutions mistake good intentions for objectives. They say health care that's an intention, not an objective.
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If general perception changes from seeing the glass as 'half-full' to seeing it as 'half empty' there are major innovative opportunities.
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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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The dilemma of modern society: the conflict between the need for capital formation at a high rate and the popular condemnation of interest and dividends as unearned income and capitalist, if not as sinful and wicked.
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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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Nothing is less productive than to make more efficient what should not be done at all.
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Objectives are not commands they are commitments.
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To make the future demands courage. It demands work. But it also demands faith.
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If the feudal knight was the clearest embodiment of society in the early Middle Ages, and the bourgeois under Capitalism, the educated person will represent society in the post-capitalist society in which knowledge has become the central resource.
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If you want it, measure it. If you can't measure it, forget it.
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