Quote

There are companies that are good at improving what they're already doing. There are companies that are good at extending what they're doing. And finally there are companies that are good at innovation. Every large company has to be able to do all three - improve, extend, and innovate - simultaneously.

Peter Drucker

Change background

T
T
T

Change font

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
Every
Companies
Good
Innovation
Finally
Innovate
Large
Extending
Already
Simultaneously
Company
Extend
Three
Improving
Able
Improve

More quotes by Peter Drucker

Image
Leadership is not rank, privileges, title or money. It is responsibility.
Peter Drucker
Image
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
Image
A success that has outlived its usefulness may, in the end, be more damaging than failure.
Peter Drucker
Image
The honest work of yesterday has lost its social status, its social esteem.
Peter Drucker
Image
More business decisions occur over lunch and dinner than at any other time, yet no MBA courses are given on the subject.
Peter Drucker
Image
There's no such thing as knowledge management there are only knowledgeable people. Information only becomes knowledge in the hands of someone who knows what to do with it.
Peter Drucker
Image
Doing the right thing is more important than doing the thing right.
Peter Drucker
Image
The aim of marketing is to know and understand the customer so well the product or service fits him and sells itself.
Peter Drucker
Image
Planning is actually incompatible with an entrepreneurial society and economy. Planning is the kiss of death of entrepreneurship.
Peter Drucker
Image
Success? Odd as it seems, you will achieve the greates results in business and career if you drop the word 'achievement' from your vocabulary and replace it with 'contribution'.
Peter Drucker
Image
An effective executive builds on strengths - their own strengths, the strengths of superiors, colleagues, subordinates, and on the strength of the situation.
Peter Drucker
Image
Vision without execution is delusion. The joy is in the results
Peter Drucker
Image
Efficiency, which is doing things right, is irrelevant until you work on the right things.
Peter Drucker
Image
An employer has no business with a man's personality... The task is not to change personality, but to enable a person to achieve and to perform.
Peter Drucker
Image
Now that knowledge is taking the place of capital as the driving force in organizations worldwide, it is all too easy to confuse data with knowledge and information technology with information.
Peter Drucker
Image
The most important contribution management needs to make in the 21st century is ... to increase the productivity of knowledge work and the knowledge worker
Peter Drucker
Image
Of those things that would make a difference, which are right for me?
Peter Drucker
Image
One does not manage people. The task is to lead people.
Peter Drucker
Image
Concentration is the key to economic results. No other principle of effectiveness is violated as constantly today as the basic principle of concentration.... Our motto seems to be, Let's do a little bit of everything.
Peter Drucker
Image
The area in which the executive first encounters the challenge of strength is in staffing. The effective executive fills positions and promotes on the basis of what a man can do. He does not make staffing decisions to minimize weaknesses but to maximize strength.
Peter Drucker