Quote

Business exists to supply goods and services to customers and economic surplus to society, rather than to supply jobs to workers and managers or even dividends to shareholders.

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
Business
Goods
Even
Customers
Exists
Dividends
Workers
Shareholders
Economic
Surplus
Society
Supply
Rather
Services
Jobs
Managers

More quotes by Peter Drucker

Image
Accept the fact that we have to treat almost anybody as a volunteer.
Peter Drucker
Image
As a rule we perceive what we expect to perceive... The unexpected is usually not received at all.
Peter Drucker
Image
Look at government programs for the past fifty years. Every single one - except warfare - achieved the exact opposite of its announced goal.
Peter Drucker
Image
We live in an age of unprecedented opportunity: If you’ve got ambition and smarts, you can rise to the top of your chosen profession, regardless of where you started out.
Peter Drucker
Image
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.
Peter Drucker
Image
It takes far less energy to move from first-rate performance to excellence than it does to move from incompetence to mediocrity.
Peter Drucker
Image
The enterprise, by definition, must be capable of producing more or better than all the resources that comprise it.
Peter Drucker
Image
We can ill afford to have activities conducted as non-profit, that is, as activities that devour capital rather than form it, if they can be organized as activities that form capital, as activities that make a profit.
Peter Drucker
Image
The Pertinent Question is NOT how to do things right - but how to find the right things to do, and to concentrate resources and efforts on them.
Peter Drucker
Image
Managers are the basic and scarcest resource of any business enterprise.
Peter Drucker
Image
Any time I have seen someone accomplishing something magnificent, they have been a monomaniac with a mission. A single-minded individual with a passion.
Peter Drucker
Image
Ideas are cheap and abundant what is of value is the effective placement of those ideas into situations that develop into action.
Peter Drucker
Image
In the modern corporation the decisive power, that of the managers , is derived from no one but the managers themselves controlled by nobody and nothing and responsible to no one. It is in the most literal sense unfounded, unjustified, uncontrolled and irresponsible power.
Peter Drucker
Image
It has been said, and only half in jest, that a tough, professionally led union is a great force for improving management performance. It forces the manager to think about what he is doing and to be able to explain his actions and behavior.
Peter Drucker
Image
There's an enormous number of managers who have retired on the job.
Peter Drucker
Image
A manager is responsible for the application and performance of knowledge.
Peter Drucker
Image
It's amazing how many things busy people are doing that never will be missed.
Peter Drucker
Image
The fewer data needed, the better the information. And an overload of information, that is, anything much beyond what is truly needed, leads to information blackout. It does not enrich, but impoverishes.
Peter Drucker
Image
Do not measure your life by your goals but what you are doing to achieve them.
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