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Nothing else, perhaps, distinguishes effective executives as much as their tender loving care of time.
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
Nothing
Distinguishes
Much
Tender
Time
Executives
Effective
Loving
Perhaps
Else
Care
Irreplaceable
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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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The first organization structure in the modern West was laid down in the canon law of the Catholic Church eight hundred years ago.
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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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A primary task of management in the developed countries in the decades ahead will be to make knowledge productive.
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Success always obsoletes the very behavior that achieved it.
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It's amazing how many things busy people are doing that never will be missed.
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Providing more desirable products, services, and customer experiences is vital to the continued existence of any business. And that is INNOVATION.
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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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More business decisions occur over lunch and dinner than at any other time, yet no MBA courses are given on the subject.
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Capitalism is being attacked not because it is inefficient or misgoverned but because it is cynical. And indeed a society based on the assertion that private vices become public benefits cannot endure, no matter how impeccable its logic, no matter how great its benefits.
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[T]hroughout the ages to be educated meant to be unproductive.... our word school - and its equivalent in all European languages - derives from a Greek word meaning leisure.
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Innovation is the specific tool of entrepreneurs, the means by which they exploit change as an opportunity for a different business or a different service.
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The essence of management is to make knowledge productive.
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One cannot manage change. One can only be ahead of it.
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Universities won't survive. The future is outside the traditional campus, outside the traditional classroom. Distance learning is coming on fast.
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