Quote

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

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Communism is evil. Its driving forces are the deadly sins of envy and hatred.
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An organization which just perpetuates today's level of vision, excellence, and accomplishment has lost the capacity to adapt.
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We always remember best the irrelevant.
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Time is the scarcest resource.
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Decisions of the kind the executive has to make are not made well by acclamation. They are made well only if based on the clash of conflicting views...The first rule in decision-making is that one does not make a decision unless there is disagreement.
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The greatest change in corporate culture - and the way business is being conducted - may be the accelerated growth of relationships based... on partnership.
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Important decisions are risky. They should be controversial. Acclamation means that nobody has done the homework.
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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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Company cultures are like country cultures. Never try to change one. Try, instead, to work with what you've got.
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We no longer even understand the question whether change is by itself good or bad, ...We start out with the axiom that it is the norm. We do not see change as altering the order... We see change as being order itself - indeed the only order we can comprehend today is a dynamic, a moving, a changing one.
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Don't try to innovate for the future. Innovate for the present!
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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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A success that has outlived its usefulness may, in the end, be more damaging than failure.
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We can say with certainty - or 90% probability - that the new industries that are about to be born will have nothing to do with information.
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The concept of profit maximization is, in fact, meaningless.
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[Entrepreneurship] is by no means hunch or gamble. But it also is not precisely science. Rather, it is judgment.
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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 1st question the effective decision-maker asks is: 'Is this a generic situation or an exception?'
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Keep your eye on the task, not on yourself. The task matters, and you are a servant
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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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