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Every success creates new opportunities. So does every failure.
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
Opportunities
Failure
Success
Opportunity
Doe
Every
Creates
More quotes by Peter Drucker
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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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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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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When it rains manna from heaven, some people put up an umbrella. Others reach for a big spoon.
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More business decisions occur over lunch and dinner than at any other time, yet no MBA courses are given on the subject.
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Many studies of research scientists have shown that achievement (at least below the genius level of an Einstein, Bohr, or a Planck) depends less on ability in doing research than on the courage to go after opportunity.
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If general perception changes from seeing the glass as 'half-full' to seeing it as 'half empty' there are major innovative opportunities.
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One either meets or one works.
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The productivity of work is not the responsibility of the worker but of the manager.
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The experience of the human race indicates strongly that the only person in abundant supply is the universal incompetent.
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Marketing is the distinguishing, unique function of the business.
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Management means, in the last analysis, the substitution of thought for brawn and muscle, of knowledge for folkways and superstition, and of cooperation for force. It means the substitution of responsibility for obedience to rank, and of authority of performance for the authority of rank.
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The first organization structure in the modern West was laid down in the canon law of the Catholic Church eight hundred years ago.
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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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In the Western tradition, we have focused on teaching as a skill and forgotten what Socrates knew: teaching is a gift, learning is a skill.
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One does not start with facts. One starts with opinions.
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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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(Waste = Loss): The first rule of business is to survive and the guiding principle of business economics is not the maximisation of profit, it is the avoidance of loss
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Vision without execution is delusion. The joy is in the results
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Any organisation develops people it either forms them or deforms them.
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