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Innovation is the specific tool of entrepreneurs, the means by which they exploit change as an opportunity for a different business or a different service.
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
Business
Tool
Change
Specific
Mean
Entrepreneur
Innovation
Different
Service
Tools
Exploit
Opportunity
Exploits
Means
Entrepreneurs
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The young knowledge worker whose job is too small to challenge and test his abilities either leaves or declines rapidly into premature middle age, soured, cynical, unproductive.
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Far too much reorganization goes on all the time. Organizitis is like a spastic colon.
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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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No one learns as much about a subject as one who is forced to teach it.
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Managers are the basic and scarcest resource of any business enterprise.
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It takes far less energy to move from first-rate performance to excellence than it does to move from incompetence to mediocrity.
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Important decisions are risky. They should be controversial. Acclamation means that nobody has done the homework.
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Plastic moments are those periods that overlap when the old has gone but the new has not yet arrived and when the course of history is more open to being shaped and steered than any other time.
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The new information technology... Internet and e-mail... have practically eliminated the physical costs of communications.
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What gets measured gets managed.
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Success in the knowledge economy comes to those who know themselves - their strengths, their values, and how they best perform.
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The world political system is till based on the concept of the national sovereign state. For the first time therefore, in three hundred years economy and sovereignty are becoming divorced from each other.
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No single piece of macroeconomic advice given by the experts to their government has ever had the results predicted.
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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.
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Today knowledge has power. It controls access to opportunity and advancement.
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(Waste = Loss): The first rule of business is to survive and the guiding principle of business economics is not the maximisation of profit, it is the avoidance of loss
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Effective organizations put people in jobs in which they can do the most good. They place people -- and allow people to place themselves -- according to their strengths.
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Time is the scarcest resource and unless it is managed nothing else can be managed.
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Executives owe it to the organization and to their fellow workers not to tolerate nonperforming individuals in important jobs.
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