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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
World
Economy
Economic
Existence
Undone
Community
Shopping
Fact
Center
Facts
Global
Cannot
Forgotten
Even
Vision
More quotes by Peter Drucker
Look at government programs for the past fifty years. Every single one - except warfare - achieved the exact opposite of its announced goal.
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The correct assumption is that what individuals have learned by age twenty-one will begin to become obsolete five to ten years later and will have to be replaced-or at least refurbished-by new learning, new skills, new knowledge.
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What is the major problem? It is fundamentally the confusion between effectiveness and efficiency that stands between doing the right things and doing things right. There is surely nothing quite so useless as doing with great efficiency what should not be done at all.
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Loafing is easy, but leisure is difficult.
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The worker's effectiveness is determined largely by the way he is being managed.
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The area in which the executive first encounters the challenge of strength is in staffing. The effective executive fills positions and promotes on the basis of what a man can do. He does not make staffing decisions to minimize weaknesses but to maximize strength.
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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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Mother Teresa's numerical results were not her greatest contribution. Instead, she made the world-and especially India-conscious of compassion.
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The most important decisions in organizations are people decisions, and yet only the military, and only recently, has begun to ask, If we assign this general to lead this base, what do we expect him to accomplish?
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Charisma becomes the undoing of leaders. It makes them inflexible, convinced of their own infallibility, unable to change
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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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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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Absolute size by itself is no indicator of success and achievement, let alone of managerial competence. Being the right size is.
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Here I am, fifty-eight, and I still don't know what I'm going to be when I grow up.
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There are only two things in a business that make money - innovation and marketing, everything else is cost.
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One does not start with facts. One starts with opinions.
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Of those things that would make a difference, which are right for me?
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An effective executive builds on strengths - their own strengths, the strengths of superiors, colleagues, subordinates, and on the strength of the situation.
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The experience of the human race indicates strongly that the only person in abundant supply is the universal incompetent.
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There are no creeds in mathematics.
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