Quote

There are only two things in a business that make money - innovation and marketing, everything else is cost.

Peter Drucker

Change background

T
T
T

Change font

TAGS & TOPICS

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
Things
Innovation
Cost
Business
Money
Else
Two
Everything
Make
Marketing

More quotes by Peter Drucker

Image
Knowledge applied is productivity.
Peter Drucker
Image
Ideas are like frog eggs: you've got to lay a thousand to hatch one.
Peter Drucker
Image
An employer has no business with a man's personality... The task is not to change personality, but to enable a person to achieve and to perform.
Peter Drucker
Image
We have only one alternative: either to build a functioning industrial society or see freedom itself disappear in anarchy and tyranny.
Peter Drucker
Image
Do the right things instead of trying to do everything right.
Peter Drucker
Image
What people in business think they know about the customer and market is likely to be more wrong than right...the customer rarely buys what the business thinks it sells him.
Peter Drucker
Image
People in any organization, including bureaucrats and politicians, are always attached to the obsolete the obsolescent the things that should have worked but didn't the things that once were productive and no longer are.
Peter Drucker
Image
Mother Teresa's numerical results were not her greatest contribution. Instead, she made the world-and especially India-conscious of compassion.
Peter Drucker
Image
The best way to predict the future is to create it.
Peter Drucker
Image
The best plan is only a plan... unless it degerates into work.
Peter Drucker
Image
Some of the best business and nonprofit CEOs I've worked with over a sixty-five-year consulting career were not stereotypical leaders. They were all over the map in terms of their personalities, attitudes, values, strengths, and weaknesses.
Peter Drucker
Image
The task of leadership is to create an alignment of strengths so strong that it makes the system's weaknesses irrelevant.
Peter Drucker
Image
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.
Peter Drucker
Image
Efficiency is doing better what is already being done.
Peter Drucker
Image
One has to make a decision when a condition is likely to degenerate if nothing is done.
Peter Drucker
Image
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.
Peter Drucker
Image
What gets measured gets managed.
Peter Drucker
Image
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.
Peter Drucker
Image
Institutions mistake good intentions for objectives. They say health care that's an intention, not an objective.
Peter Drucker
Image
Understanding our strengths, articulating our values, knowing where we belong -- these are also essential to addressing one of the great challenges of organizations: improving the abysmally low productivity of knowledge workers.
Peter Drucker