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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.
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
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Background
Year
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Mba
Years
Management
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Time
Lack
Olds
Skills
Programmes
Waste
Accounting
Teaching
Largely
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When a resource is scarce, you increase its yield.
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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 the business grows, the person who founded it is incredibly busy. Rapid growth puts an enormous strain on a business. You outgrow your production facilities. You outgrow your management capabilities.
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Loafing is easy, but leisure is difficult.
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Efficiency is doing better what is already being done.
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Every success creates new opportunities. So does every failure.
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An established company which, in an age demanding innovation, is not able to innovation, is doomed to decline and extinction.
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Innovation is the specific instrument of entrepreneurship. The act that endows resources with a new capacity to create wealth.
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You cannot build performance on weaknesses. You can build only on strengths.
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Far too much reorganization goes on all the time. Organizitis is like a spastic colon.
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Keep your eye on the task, not on yourself. The task matters, and you are a servant
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The correct assumption is that what individuals have learned by age twenty-one will begin to become obsolete five to ten years later and will have to be replaced-or at least refurbished-by new learning, new skills, new knowledge.
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Through systematic terror, through indoctrination, through systematic manipulation of stimulus, reward, and punishment, we can today break man and convert him into brute animal... The first step toward survival is therefore to make government legitimate again by attempting to deprive it of these powers... by international action to ban such powers.
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The aim of marketing is to know and understand the customer so well the product or service fits him and sells itself.
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Promotion should not be more important than accomplishment, or avoiding instability more important than taking the right risk.
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The single minded ones, the monomaniacs, are the only true achievers
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You can't manage what you don't measure.
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No decision has been made unless carrying it out in specific steps has become someone's work assignment and responsibility.
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The need to manage oneself is creating a revolution in human affairs.
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Leadership is all about getting results.
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