Quote

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

Change background

T
T
T

Change font

TAGS & TOPICS

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
Waste
Accounting
Teaching
Largely
Teach
Background
Year
Backgrounds
Experience
Strikes
Mba
Years
Management
Programme
Time
Lack
Olds
Skills
Programmes

More quotes by Peter Drucker

Image
Effective organizations put people in jobs in which they can do the most good. They place people -- and allow people to place themselves -- according to their strengths.
Peter Drucker
Image
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'.
Peter Drucker
Image
The large organization has to learn to innovate, or it won't survive.
Peter Drucker
Image
Few companies that installed computers to reduce the employment of clerks have realized their expectations... They now need more, and more expensive clerks even though they call them 'operators' or 'programmers.'
Peter Drucker
Image
There is an unbroken chain of opposition to the introduction of economic freedom and to the capitalist autonomy of the economic sphere... In every case the opposition could only be overcome - peacefully or by force - because of the promise of capitalism to establish equality... That this promise was an illusion we all know.
Peter Drucker
Image
Nobody in the world is as good at making decisions as the Japanese.
Peter Drucker
Image
The best way to predict the future is to create it.
Peter Drucker
Image
In todays economy, the most important resource is no longer labor, capital or land it is knowledge
Peter Drucker
Image
Our most important education system is in the employees' own organization.
Peter Drucker
Image
The concept of profit maximization is, in fact, meaningless.
Peter Drucker
Image
A primary task of management in the developed countries in the decades ahead will be to make knowledge productive.
Peter Drucker
Image
The aim of marketing is to know and understand the customer so well the product or service fits him and sells itself.
Peter Drucker
Image
Absolute size by itself is no indicator of success and achievement, let alone of managerial competence. Being the right size is.
Peter Drucker
Image
No financial man will ever understand business because financial people think a company makes money. A company makes shoes, and no financial man understands that. They think money is real. Shoes are real.
Peter Drucker
Image
Charisma becomes the undoing of leaders. It makes them inflexible, convinced of their own infallibility, unable to change
Peter Drucker
Image
There are companies that are good at improving what they're already doing. There are companies that are good at extending what they're doing. And finally there are companies that are good at innovation. Every large company has to be able to do all three - improve, extend, and innovate - simultaneously.
Peter Drucker
Image
Everything must degenerate into work if anything is to happen.
Peter Drucker
Image
I find more and more executives less and less well informed about the outside world, if only because they believe that the data on the computer printouts are ipso facto information.
Peter Drucker
Image
The race for Quality has no finish line - so technically, it's more like a death march. Efficiency is doing things right effectiveness is doing the right things.
Peter Drucker
Image
The honest work of yesterday has lost its social status, its social esteem.
Peter Drucker