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When a resource is scarce, you increase its yield.
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
Scarce
Yield
Increase
Resources
Motivational
Resource
More quotes by Peter Drucker
The job of a professional manager is not to like people. It is not to change people. It is to put their strengths to work.
Peter Drucker
And no matter how serious an environmental problem the automobile poses in today's big city, the horse was dirtier, smelled worse, killed and maimed more people, and congested the streets just as much.
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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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To make a living is no longer enough. Work also has to make a life.
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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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A fundamental responsibility of leadership is make sure that everybody knows the mission, understands it, lives it.
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Meetings are a symptom of bad organization. The fewer meetings the better.
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There is nothing worse than doing the wrong thing well.
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All good strategy eventually degenerates into work.
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Successful careers are not planned. They develop when people are prepared for opportunities because they know their strengths, their method of work, and their values. Knowing where one belongs can transform an ordinary person - hardworking and competent but otherwise mediocre - into an outstanding performer.
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Plans are worthless, but planning is invaluable.
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Success in the knowledge economy comes to those who know themselves - their strengths, their values, and how they best perform.
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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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Growth that adds volume without improving productivity is fat. Growth that diminishes productivity is cancer.
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There are usually half a dozen right answers to what needs to be done. Yet, unless a person makes the risky and controversial choice of only one, he will achieve nothing.
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Entrepreneurship is neither a science nor an art. It is a practice.
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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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What we are good at comes easy, and we believe that unless it comes hard, it can't be very good.
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We have only one alternative: either to build a functioning industrial society or see freedom itself disappear in anarchy and tyranny.
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Providing more desirable products, services, and customer experiences is vital to the continued existence of any business. And that is INNOVATION.
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