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

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

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Every three or four years I pick a new subject. It may be Japanese art it may be economics. Three years of study are by no means enough to master a subject but they are enough to understand it. SO for more than 60 years I have kept studying one subject at a time.
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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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Without institution there is no management. But without management there is no institution.
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People in any organization, including bureaucrats and politicians, are always attached to the obsolete the obsolescent the things that should have worked but didn't the things that once were productive and no longer are.
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We do not need more laws . No country suffers from a shortage of laws. We need a new model .
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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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The 1st question the effective decision-maker asks is: 'Is this a generic situation or an exception?'
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