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Nobody can predict the future the idea is to have a firm grasp of the present.
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
Firm
Nobody
Present
Future
Idea
Ideas
Predict
Grasp
More quotes by Peter Drucker
Promotion should not be more important than accomplishment, or avoiding instability more important than taking the right risk.
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Businesses are not paid to reform customers. They are paid to satisfy customers.
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Every single social and global issue of our day is a business opportunity in disguise.
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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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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'.
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Salvation by society failed the most where it promised the most, in the communist countries. But it also failed in the West. Practically no government program enacted since the 1950s in the Western world - or in the communist countries - has been successful.
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Executives do many things in addition to making decisions. But only executives make decisions. The first managerial skill is, therefore, the making of effective decisions.
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The only skill that will be important in the 21st century is the skill of learning new skills.Everythi ng else will become obsolete over time.
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Political freedom is neither easy nor automatic, neither pleasant nor secure. It is the responsibility of the individual for the decisions of society as if they were his own decisions-as in moral truth and accountability they are.
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Meetings are a symptom of bad organization. The fewer meetings the better.
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The aim of marketing is to know and understand the customer so well the product or service fits him and sells itself.
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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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Every three or four years I pick a new subject. It may be Japanese art it may be economics. Three years of study are by no means enough to master a subject but they are enough to understand it. SO for more than 60 years I have kept studying one subject at a time.
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There is no perfect strategic decision. One always has to pay a price. One always has to balance conflicting objectives, conflicting opinions, and conflicting priorities. The best strategic decision is only an approximation - and a risk.
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Succession planning often results in the selection of a weaker representation of yourself.
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People who need certainty are unlikely to make good entrepreneurs.
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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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Leaders shouldn?t attach moral significance to their ideas: Do that, and you can?t compromise.
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Don't solve problems. Pursue opportunities.
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Most of what we call management consists of making it difficult for people to get their work done.
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