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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
Economic
Existence
Undone
Community
Shopping
Fact
Center
Facts
Global
Cannot
Forgotten
Even
Vision
World
Economy
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One does not start with facts. One starts with opinions.
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For new technology to replace old, it has to have at least ten times the benefit.
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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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One has to make a decision when a condition is likely to degenerate if nothing is done.
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The single most important thing to remember about any enterprise is that results exist only on the outside.The result of a business is a satisfied customer. The result of a hospital is a satisfied patient. The result of a school is a student who has learned something and puts it to work ten years later. Inside an enterprise there are only costs.
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To survive and succeed, every organization will have to turn itself into a change agent
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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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To make a living is no longer enough. Work also has to make a life.
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Everything must degenerate into work if anything is to happen.
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What's absolutely unforgivable is the financial benefit top management people get for laying off people. There's no excuse for it. No justification. No explanation. This is morally and socially unforgivable, and we'll pay a very nasty price.
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The large organization has to learn to innovate, or it won't survive.
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No one learns as much about a subject as one who is forced to teach it.
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The enterprise, by definition, must be capable of producing more or better than all the resources that comprise it.
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The best plan is only a plan... unless it degerates into work.
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Teaching 23-year-olds in an MBA programme strikes me as largely a waste of time. They lack the background of experience. You can teach them skills - accounting and what have you - but you can't teach them management.
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Use feedback analysis to identify your strengths. Then go to work on improving your strengths. Identify and eliminate bad habits that hinder the full development of your strengths. Figure out what you should do and do it. Finally, decide what you should not do.
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The more successful the unit, the more difficult it is to make sure that the large company doesn't put the same expectations on it as it does for the rest of the company. When it's a new venture, whether it's outside or inside the business, it's a child. And you don't put a 40-pound pack on a 6-year-old's back when you take her hiking.
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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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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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Don't try to innovate for the future. Innovate for the present!
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