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Never ask who's right. Start out by asking what is right. And you find that out by listening to dissenting, disagreeing opinions.
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
Find
Dissenting
Right
Opinions
Never
Asking
Listening
Opinion
Asks
Start
Ideas
Disagreeing
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Innovation is the specific tool of entrepreneurs, the means by which they exploit change as an opportunity for a different business or a different service.
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The essence of management is to make knowledge productive.
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Look at government programs for the past fifty years. Every single one - except warfare - achieved the exact opposite of its announced goal.
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Doing the right thing is more important than doing the thing right.
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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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There are only two things in a business that make money - innovation and marketing, everything else is cost.
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Managing innovation will increasingly become a challenge to management, and especially to top management, and a touchstone of its competence.
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Mission defines strategy, and strategy defines structure.
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Everybody has accepted by now that change is unavoidable. But that still implies that change is like death and taxes - it should be postponed as long as possible and no change would be vastly preferable. But in a period of upheaval, such as the one we are living in, change is the norm.
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One does not manage people. The task is to lead people.
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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 the future demands courage. It demands work. But it also demands faith.
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The most effective way to manage change is to create it.
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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 can ill afford to have activities conducted as non-profit, that is, as activities that devour capital rather than form it, if they can be organized as activities that form capital, as activities that make a profit.
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Organizationally what is required - and evolving - is systems management.
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No executive has ever suffered because his subordinates were strong and effective.
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