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Promotion should not be more important than accomplishment, or avoiding instability more important than taking the right risk.
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
Accomplishment
Taking
Risk
Right
Important
Instability
Promotion
Avoiding
More quotes by Peter Drucker
Of all the decisions an executive makes, none is as important as the decisions about people, because they determine the performance capacity of the organization.
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The world political system is till based on the concept of the national sovereign state. For the first time therefore, in three hundred years economy and sovereignty are becoming divorced from each other.
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What's absolutely unforgivable is the financial benefit top management people get for laying off people. There's no excuse for it. No justification. No explanation. This is morally and socially unforgivable, and we'll pay a very nasty price.
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What people in business think they know about the customer and market is likely to be more wrong than right...the customer rarely buys what the business thinks it sells him.
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As a manager you're paid to be uncomfortable. If you're comfortable, it's a sure sign you're doing things wrong.
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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.
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When Henry Ford said, The customer can have a car in any color as long as it's black, he was not joking.
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Success always obsoletes the very behavior that achieved it.
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The world economy is not yet a community--not even an economic community...Yet the existence of the global shopping center is a fact that cannot be undone. The vision of an economy for all will not be forgotten again.
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Now that knowledge is taking the place of capital as the driving force in organizations worldwide, it is all too easy to confuse data with knowledge and information technology with information.
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Nothing else, perhaps, distinguishes effective executives as much as their tender loving care of time.
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Effective people are not problem minded they're opportunity-minded. They feed opportunities and starve problems. They think preventively.
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It takes far less energy to move from first-rate performance to excellence than it does to move from incompetence to mediocrity.
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Our job in life is to make a positive difference, not prove we're right.
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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.
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Decisions of the kind the executive has to make are not made well by acclamation. They are made well only if based on the clash of conflicting views...The first rule in decision-making is that one does not make a decision unless there is disagreement.
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What gets measured gets managed.
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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 most effective way to manage change is to create it.
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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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