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

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When the business grows, the person who founded it is incredibly busy. Rapid growth puts an enormous strain on a business. You outgrow your production facilities. You outgrow your management capabilities.
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To survive and succeed, every organization will have to turn itself into a change agent
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People who need certainty are unlikely to make good entrepreneurs.
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The job of a professional manager is not to like people. It is not to change people. It is to put their strengths to work.
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Use feedback analysis to identify your strengths. Then go to work on improving your strengths. Identify and eliminate bad habits that hinder the full development of your strengths. Figure out what you should do and do it. Finally, decide what you should not do.
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The purpose of an organization is to enable ordinary humans beings to do extraordinary things.
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A man should never be appointed into a managerial position if his vision focuses on people's weaknesses rather than on their strengths.
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Capitalism is being attacked not because it is inefficient or misgoverned but because it is cynical. And indeed a society based on the assertion that private vices become public benefits cannot endure, no matter how impeccable its logic, no matter how great its benefits.
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Most discussions of decision making assume that only senior executives make decisions or that only senior executives' decisions matter. This is a dangerous mistake.
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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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Decision making is the specific executive task.
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Accept the fact that we have to treat almost anybody as a volunteer.
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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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Culture eats Christianity for breakfast.
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There are companies that are good at improving what they're already doing. There are companies that are good at extending what they're doing. And finally there are companies that are good at innovation. Every large company has to be able to do all three - improve, extend, and innovate - simultaneously.
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Do the right things instead of trying to do everything right.
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Don't solve problems. Pursue opportunities.
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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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Time is the scarcest resource.
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The best plan is only a plan... unless it degerates into work.
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