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Nobody in the world is as good at making decisions as the Japanese.
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
Good
World
Japanese
Decisions
Nobody
Decision
Making
More quotes by Peter Drucker
The world political system is till based on the concept of the national sovereign state. For the first time therefore, in three hundred years economy and sovereignty are becoming divorced from each other.
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The manager is a servant. His master is the institution he manages and his first responsibility must therefore be to it.
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Planning is actually incompatible with an entrepreneurial society and economy. Planning is the kiss of death of entrepreneurship.
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Plans are only good intentions unless they immediately degenerate into hard work.
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The basic economic resource - the means of production - is no longer capital, nor natural resources, nor labor. It is and will be knowledge.
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The Pertinent Question is NOT how to do things right - but how to find the right things to do, and to concentrate resources and efforts on them.
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Without institution there is no management. But without management there is no institution.
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It is willingness of people to give of themselves over and above the demands of the job that distinguishes the great from the merely adequate.
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Customers pay only for what is of use to them and gives them value. Nothing else constitutes quality.
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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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In a rural society communities are given for the individual. Community is a fact, whether family or religion, social class or caste.
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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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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.
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There are no creeds in mathematics.
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Universities won't survive. The future is outside the traditional campus, outside the traditional classroom. Distance learning is coming on fast.
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The dilemma of modern society: the conflict between the need for capital formation at a high rate and the popular condemnation of interest and dividends as unearned income and capitalist, if not as sinful and wicked.
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What we need is an entrepreneurial society in which innovation and entrepreneurship are normal, steady and continuous.
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Effective people are not problem minded they're opportunity-minded. They feed opportunities and starve problems. They think preventively.
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Entrepreneurship is neither a science nor an art. It is a practice.
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People in any organization, including bureaucrats and politicians, are always attached to the obsolete the obsolescent the things that should have worked but didn't the things that once were productive and no longer are.
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