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Without institution there is no management. But without management there is no institution.
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
Management
Institutions
Without
Institution
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Only three things happen naturally in organizations: friction, confusion, and underperformance. Everything else requires leadership.
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Decision making is the specific executive task.
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The most serious mistakes are not being made as a result of wrong answers. The true dangerous thing is asking the wrong question.
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Knowledge is power, which is why people who had it in the past often tried to make a secret of it. In post-capitalism, power comes from transmitting information to make it productive, not from hiding it.
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We always remember best the irrelevant.
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Promotion should not be more important than accomplishment, or avoiding instability more important than taking the right risk.
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A success that has outlived its usefulness may, in the end, be more damaging than failure.
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To be a manager requires more than a title, a big office, and other outward symbols of rank. It requires competence and performance of a high order.
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There are no creeds in mathematics.
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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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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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The better a man is the more mistakes will he make – for the more new things he will try.
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Nothing else, perhaps, distinguishes effective executives as much as their tender loving care of time.
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The most effective way to manage change is to create it.
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A primary task of management in the developed countries in the decades ahead will be to make knowledge productive.
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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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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.
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That people even in well paid jobs choose ever earlier retirement is a severe indictment of our organizations - not just business, but government service, the universities. These people don't find their jobs interesting.
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Objectives are not commands they are commitments.
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