Share
×
Inspirational Quotes
Authors
Professions
Topics
Tags
Quote
The concept of profit maximization is, in fact, meaningless.
Peter Drucker
Share
Change background
T
T
T
Change font
Original
TAGS & TOPICS
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
Maximization
Meaningless
Concept
Profit
Concepts
Fact
Facts
More quotes by Peter Drucker
There is an unbroken chain of opposition to the introduction of economic freedom and to the capitalist autonomy of the economic sphere... In every case the opposition could only be overcome - peacefully or by force - because of the promise of capitalism to establish equality... That this promise was an illusion we all know.
Peter Drucker
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.
Peter Drucker
Communism is evil. Its driving forces are the deadly sins of envy and hatred.
Peter Drucker
An effective executive builds on strengths - their own strengths, the strengths of superiors, colleagues, subordinates, and on the strength of the situation.
Peter Drucker
Because its purpose is to create a customer, the business enterprise has two - and only these two — basic functions: marketing and innovation. Marketing and innovation produce results all the rest are 'costs'.
Peter Drucker
Marketing is the distinguishing, unique function of the business.
Peter Drucker
Institutions mistake good intentions for objectives. They say health care that's an intention, not an objective.
Peter Drucker
As a manager you're paid to be uncomfortable. If you're comfortable, it's a sure sign you're doing things wrong.
Peter Drucker
The problem in my life and other people's lives is not the absence of knowing what to do but the absence of doing it.
Peter Drucker
One does not start with facts. One starts with opinions.
Peter Drucker
Successful people know they need to get many things done-and done effectively. Therefore, they concentrate their time and energy on doing one thing at a time-and on doing first things firs.
Peter Drucker
We live in an age of unprecedented opportunity: If you’ve got ambition and smarts, you can rise to the top of your chosen profession, regardless of where you started out.
Peter Drucker
Meetings are a symptom of bad organization. The fewer meetings the better.
Peter Drucker
The most valuable assets of a 20th-century company were its production equipment. The most valuable assets of a 21st-century institution, whether business or nonbusiness, will be its knowledge, workers, and their productivity.
Peter Drucker
The society of organizations is new-only seventy years ago employees were a small minority in every society.
Peter Drucker
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.
Peter Drucker
Everything must degenerate into work if anything is to happen.
Peter Drucker
Planning is actually incompatible with an entrepreneurial society and economy. Planning is the kiss of death of entrepreneurship.
Peter Drucker
The purpose of an organization is to enable ordinary humans beings to do extraordinary things.
Peter Drucker
Providing more desirable products, services, and customer experiences is vital to the continued existence of any business. And that is INNOVATION.
Peter Drucker