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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
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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
Economic
Surplus
Society
Supply
Rather
Services
Jobs
Managers
Business
Goods
Even
Customers
Exists
Dividends
Workers
Shareholders
More quotes by Peter Drucker
A manager is responsible for the application and performance of knowledge.
Peter Drucker
The purpose of information is not knowledge. It is being able to take the right action.
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Successful leaders don't start out asking, 'What do I want to do?' They ask, 'What needs to be done?' Then they ask, 'Of those things that would make a difference, which are right for me?'
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No single piece of macroeconomic advice given by the experts to their government has ever had the results predicted.
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Knowledge applied is productivity.
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In the Western tradition, we have focused on teaching as a skill and forgotten what Socrates knew: teaching is a gift, learning is a skill.
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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.
Peter Drucker
The better a man is the more mistakes will he make – for the more new things he will try.
Peter Drucker
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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The best way to predict the future is to create it.
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The fruit of your work grows on other people's trees
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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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Profit is not the explanation, cause, or rationale of business behavior and business decisions, but the test of their validity.
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Every few hundred years in Western history there occurs a sharp transformation. Within a few short decades, society - its worldview, its basic values, its social and political structures, its art, its key institutions - rearranges itself. We are currently living through such a time.
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Organizationally what is required - and evolving - is systems management.
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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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The enterprise can fulfill its human and social functions only if it prospers as a business.
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One either meets or one works.
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Management means, in the last analysis, the substitution of thought for brawn and muscle, of knowledge for folkways and superstition, and of cooperation for force. It means the substitution of responsibility for obedience to rank, and of authority of performance for the authority of rank.
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As a rule we perceive what we expect to perceive... The unexpected is usually not received at all.
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