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No single piece of macroeconomic advice given by the experts to their government has ever had the results predicted.
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
Single
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Macroeconomic
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Macroeconomics
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More quotes by Peter Drucker
Doing the right thing is more important than doing the thing right.
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No executive has ever suffered because his subordinates were strong and effective.
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The concept of profit maximization is, in fact, meaningless.
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Any time I have seen someone accomplishing something magnificent, they have been a monomaniac with a mission. A single-minded individual with a passion.
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Elephants have a hard time adapting. Cockroaches outlive everything.
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Profit is not a cause but a result-
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The new information technology... Internet and e-mail... have practically eliminated the physical costs of communications.
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Successful people know they need to get many things done-and done effectively. Therefore, they concentrate their time and energy on doing one thing at a time-and on doing first things firs.
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The young knowledge worker whose job is too small to challenge and test his abilities either leaves or declines rapidly into premature middle age, soured, cynical, unproductive.
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Do not measure your life by your goals but what you are doing to achieve them.
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The strength of the computer lies in its being a logic machine. It does precisely what it is programed to do. This makes it fast and precise. It also makes it a total moron for logic is essentially stupid.
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Culture eats Christianity for breakfast.
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Nobody in the world is as good at making decisions as the Japanese.
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The fewer data needed, the better the information. And an overload of information, that is, anything much beyond what is truly needed, leads to information blackout. It does not enrich, but impoverishes.
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The computer, being a mechanical moron, can handle only quantifiable data.
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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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You cannot prevent a major catastrophe, but you can build an organization that is battle-ready, where people trust one another. In military training, the first rule is to instill soldiers with trust in their officers - because without trust, they won't fight.
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As to the idea that advertising motivates people, remember the Edsel.
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There are two types of people in the business community: those who produce results and those who give you reasons why they didn't.
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The most important, and indeed the truly unique, contribution of management in the 20th century was the fifty-fold increase in the productivity of the MANUAL WORKER in manufacturing. The most important contribution management needs to make in the 21st century is similarly to increase the productivity of KNOWLEDGE WORK and the KNOWLEDGE WORKER.
Peter Drucker
