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
Cost
Business
Money
Else
Two
Everything
Make
Marketing
Things
Innovation

More quotes by Peter Drucker

Image
Nothing else, perhaps, distinguishes effective executives as much as their tender loving care of time.
Peter Drucker
Image
What gets measured gets managed.
Peter Drucker
Image
[T]hroughout the ages to be educated meant to be unproductive.... our word school - and its equivalent in all European languages - derives from a Greek word meaning leisure.
Peter Drucker
Image
Successful careers are not planned. They develop when people are prepared for opportunities because they know their strengths, their method of work, and their values. Knowing where one belongs can transform an ordinary person - hardworking and competent but otherwise mediocre - into an outstanding performer.
Peter Drucker
Image
Culture eats Christianity for breakfast.
Peter Drucker
Image
Business purpose and business mission are so rarely given adequate thought is perhaps the most important cause of business frustration and failure.
Peter Drucker
Image
Many studies of research scientists have shown that achievement (at least below the genius level of an Einstein, Bohr, or a Planck) depends less on ability in doing research than on the courage to go after opportunity.
Peter Drucker
Image
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.
Peter Drucker
Image
One cannot hire a hand the whole man always comes with it.
Peter Drucker
Image
Few companies that installed computers to reduce the employment of clerks have realized their expectations... They now need more, and more expensive clerks even though they call them 'operators' or 'programmers.'
Peter Drucker
Image
When Henry Ford said, The customer can have a car in any color as long as it's black, he was not joking.
Peter Drucker
Image
To arrive at the definition of the problem he must begin by finding the 'critical factor'. This is the element (or elements) in the situation that has to be changed before anything else can be changed, moved, acted upon.
Peter Drucker
Image
No one learns as much about a subject as one who is forced to teach it.
Peter Drucker
Image
Decision making is the specific executive task.
Peter Drucker
Image
The really important things are said over cocktails and are never done.
Peter Drucker
Image
People who need certainty are unlikely to make good entrepreneurs.
Peter Drucker
Image
It takes far less energy to move from first-rate performance to excellence than it does to move from incompetence to mediocrity.
Peter Drucker
Image
The most efficient way to produce anything is to bring together under one management as many as possible of the activities needed to turn out the product.
Peter Drucker
Image
Time is the scarcest resource and unless it is managed nothing else can be managed.
Peter Drucker
Image
One of the great movements in my lifetime among educated people is the need to commit themselves to action. Most people are not satisfied with giving money we also feel we need to work.
Peter Drucker