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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

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Because its purpose is to create a customer, the business enterprise has two - and only these two — basic functions: marketing and innovation. Marketing and innovation produce results all the rest are 'costs'.
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We have tried to substitute mass for purpose. We have tried to regain military potency of defense by making it gigantic, unwieldy, complex. It never works.
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People who need certainty are unlikely to make good entrepreneurs.
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We've spent the last 30 years focusing on the T in IT, and we'll spend the next 30 years focusing on the I.
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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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Brilliant men are often strikingly ineffectual. They fail to realize that the brilliant insight is not by itself achievement. They never have learned that insights become effectiveness only through hard systematic work.
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The moment people talk of implementing instead of doing, and of finalizing instead of finishing, the organization is already running a fever.
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You can't manage what you don't measure.
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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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The only things that evolve by themselves in an organization are disorder, friction and malperformance.
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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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A primary task of management in the developed countries in the decades ahead will be to make knowledge productive.
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Too many leaders try to do a little bit of 25 things and get nothing done. They are very popular because they always say yes. But they get nothing done.
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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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No single piece of macroeconomic advice given by the experts to their government has ever had the results predicted.
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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.
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The purpose of information is not knowledge. It is being able to take the right action.
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