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Succession planning often results in the selection of a weaker representation of yourself.
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
Often
Weaker
Succession
Representation
Selection
Planning
Results
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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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There is nothing so useless as doing efficiently that which should not be done at all.
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Ideas are cheap and abundant what is of value is the effective placement of those ideas into situations that develop into action.
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All good strategy eventually degenerates into work.
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The task of leadership is to create an alignment of strengths so strong that it makes the system's weaknesses irrelevant.
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An organization which just perpetuates today's level of vision, excellence, and accomplishment has lost the capacity to adapt.
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With Christianity, freedom and equality became the two basic concepts of Europe they are themselves Europe.
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The society of organizations is new-only seventy years ago employees were a small minority in every society.
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Since we live in an age of innovation, a practical education must prepare a man for work that does not yet exist and cannot yet be clearly defined.
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If socialism is defined as ownership of the means of production--and this is both the orthodox and the only rigorous definition--then the United States is the first truly Socialist country.
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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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Every organization has to prepare for the abandonment of everything it does.
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Business purpose and business mission are so rarely given adequate thought is perhaps the most important cause of business frustration and failure.
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As to the idea that advertising motivates people, remember the Edsel.
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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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Absolute size by itself is no indicator of success and achievement, let alone of managerial competence. Being the right size is.
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Objectives can be compared to a compass bearing by which a ship navigates. A compass bearing is firm, but in actual navigation, a ship may veer off its course for many miles. Without a compass bearing, a ship would neither find its port nor be able to estimate the time required to get there.
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That people even in well paid jobs choose ever earlier retirement is a severe indictment of our organizations - not just business, but government service, the universities. These people don't find their jobs interesting.
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One has to make a decision when a condition is likely to degenerate if nothing is done.
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