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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
Different
Innovation
Service
Tools
Exploit
Opportunity
Exploits
Means
Entrepreneurs
More quotes by Peter Drucker
If a business is to be considered a continuous process, instead of a series of disjointed stop-and-go events, then the economic universe in which a business operates-and all the major events within it-must have rhyme, rhythm, or reason.
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Inside an organization there are only cost centers. The only profit center is a customer whose check has not bounced.
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The strength of the computer lies in its being a logic machine. It does precisely what it is programed to do. This makes it fast and precise. It also makes it a total moron for logic is essentially stupid.
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Culture eats Christianity for breakfast.
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Universities won't survive. The future is outside the traditional campus, outside the traditional classroom. Distance learning is coming on fast.
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The 1st question the effective decision-maker asks is: 'Is this a generic situation or an exception?'
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If you want to predict the future create it.
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To make the future demands courage. It demands work. But it also demands faith.
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The best plan is only a plan... unless it degerates into work.
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The days of the 'intuitive' manager are numbered.
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Through systematic terror, through indoctrination, through systematic manipulation of stimulus, reward, and punishment, we can today break man and convert him into brute animal... The first step toward survival is therefore to make government legitimate again by attempting to deprive it of these powers... by international action to ban such powers.
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It's amazing how many things busy people are doing that never will be missed.
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Trust is congruence between what you say and what you do.
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Adversarial power relationships only work if you never have to see or work with the bastards again.
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Now that knowledge is taking the place of capital as the driving force in organizations worldwide, it is all too easy to confuse data with knowledge and information technology with information.
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The true business of every company is to make and keep customers.
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Time is the scarcest resource and unless it is managed nothing else can be managed.
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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.
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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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The subordinate's job is not to reform or reeducate the boss, not to make him conform to what the business schools or the management book say bosses should be like. It is to enable a particular boss to perform as a unique individual.
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