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The world economy is not yet a community--not even an economic community...Yet the existence of the global shopping center is a fact that cannot be undone. The vision of an economy for all will not be forgotten again.
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
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Global
Cannot
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Even
Vision
World
Economy
Economic
Existence
Undone
Community
Shopping
More quotes by Peter Drucker
A fundamental responsibility of leadership is make sure that everybody knows the mission, understands it, lives it.
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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.
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The most effective way to manage change is to create it.
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We can't make people better by trying to eliminate their weaknesses, but we can help then perform better by building on their strengths.
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There is nothing so useless as doing efficiently that which should not be done at all.
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Business purpose and business mission are so rarely given adequate thought is perhaps the most important cause of business frustration and failure.
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When the business grows, the person who founded it is incredibly busy. Rapid growth puts an enormous strain on a business. You outgrow your production facilities. You outgrow your management capabilities.
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For new technology to replace old, it has to have at least ten times the benefit.
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The race for Quality has no finish line - so technically, it's more like a death march. Efficiency is doing things right effectiveness is doing the right things.
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The Welfare State, which begun in Imperial Germany for the truly indigent and disabled, has now become everybody's entitlement and an increasing burden on those who produce.
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The tool user, provided the tool is made well, need not, and indeed should not, know anything about the tool.
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The concept of profit maximization is, in fact, meaningless.
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The individual needs the return to spiritual values, for he can survive in the present human situation only by reaffirming that man is not just a biological and psychological being but also a spiritual being, that is creature, and existing for the purposes of his Creator and subject to Him.
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It is easier to raise the performance of one leader than it is to raise the performance of a whole mass.
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Efficiency, which is doing things right, is irrelevant until you work on the right things.
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Innovation requires us to systematically identify changes that have already occurred in a business - in demographics, in values, in technology or science - and then to look at them as opportunities. It also requires something that is most difficult for existing companies to do: to abandon rather than defend yesterday.
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Loafing is easy, but leisure is difficult.
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Checking the results of a decision against its expectations shows executives what their strengths are, where they need to improve, and where they lack knowledge or information.
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Follow effective action with quiet reflection.
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Education can no longer be the sole property of the state.
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