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The enterprise can fulfill its human and social functions only if it prospers as a business.

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
Humans
Prospers
Functions
Fulfill
Enterprise
Function
Business
Social
Human

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The enterprise that does not innovate ages and declines. And in a period of rapid change such as the present, the decline will be fast.
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Of those things that would make a difference, which are right for me?
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One of the great movements in my lifetime among educated people is the need to commit themselves to action. Most people are not satisfied with giving money we also feel we need to work.
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Concentration is the key to economic results. No other principle of effectiveness is violated as constantly today as the basic principle of concentration.... Our motto seems to be, Let's do a little bit of everything.
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Tomorrow always arrives. It is always different. And even the mightiest company is in trouble if it has not worked on the future. Being surprised by what happens is a risk that even the largest and richest company cannot afford, and even the smallest business need not run.
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We no longer even understand the question whether change is by itself good or bad, ...We start out with the axiom that it is the norm. We do not see change as altering the order... We see change as being order itself - indeed the only order we can comprehend today is a dynamic, a moving, a changing one.
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You can't manage knowledge.Knowledge is between two ears and only between two ears.
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There are no creeds in mathematics.
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No one has ever failed to find the facts they are looking for.
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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.'
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During periods of discontinuous, abrupt change, the essence of adaptation involves a keen sensitivity to what should be abandoned - not what should be changed or introduced. A willingness to depart from the familiar has distinct survival value.
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There are two types of people in the business community: those who produce results and those who give you reasons why they didn't.
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If you have too many problems, maybe you should get out of business. There is no law that says a company must last forever.
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One cannot manage change. One can only be ahead of it.
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Profit is not a cause but a result-
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[Entrepreneurship] is by no means hunch or gamble. But it also is not precisely science. Rather, it is judgment.
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The essence of management is to make knowledge productive.
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Some of the best business and nonprofit CEOs I've worked with over a sixty-five-year consulting career were not stereotypical leaders. They were all over the map in terms of their personalities, attitudes, values, strengths, and weaknesses.
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Managing innovation will increasingly become a challenge to management, and especially to top management, and a touchstone of its competence.
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We have only one alternative: either to build a functioning industrial society or see freedom itself disappear in anarchy and tyranny.
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