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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
Opportunity
Doe
Every
Creates
Opportunities
Failure
Success

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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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The relevant question is not simply what shall we do tomorrow, but rather what shall we do today in order to get ready for tomorrow.
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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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As with every phenomenon of the objective universe, the first step toward understanding work is to analyze it.
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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 individual needs the return to spiritual values, for he can survive in the present human situation only by reaffirming that man is not just a biological and psychological being but also a spiritual being, that is creature, and existing for the purposes of his Creator and subject to Him.
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A primary task of management in the developed countries in the decades ahead will be to make knowledge productive.
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As a manager you're paid to be uncomfortable. If you're comfortable, it's a sure sign you're doing things wrong.
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To arrive at the definition of the problem he must begin by finding the 'critical factor'. This is the element (or elements) in the situation that has to be changed before anything else can be changed, moved, acted upon.
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The most important decisions in organizations are people decisions, and yet only the military, and only recently, has begun to ask, If we assign this general to lead this base, what do we expect him to accomplish?
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True marketing starts...with the customer, his demographics, his realities, his needs, his values. It does not ask, What do we want to sell? It asks, What does the customer want to buy?
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Ideas are cheap and abundant what is of value is the effective placement of those ideas into situations that develop into action.
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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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There are no creeds in mathematics.
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Vision without execution is delusion. The joy is in the results
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One does not start with facts. One starts with opinions.
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We can say with certainty - or 90% probability - that the new industries that are about to be born will have nothing to do with information.
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The first step toward making the worker achieving is to make work productive.
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Any organisation develops people it either forms them or deforms them.
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