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

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Systematic change requires a willingness to look on change as an opportunity.
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There is a point of complexity beyond which a business is no longer manageable.
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It’s up to you to carve out your place, to know when to change course, and to keep yourself engaged and productive during a work life that may span some 50 years.
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If you're not living life on the edge, you're taking up too much space. The best way to predict the future is to create it.
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Knowledge has become the key economic resource and the dominant-and perhaps even the only-source of competitive advantage.
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The most important contribution management needs to make in the 21st century is ... to increase the productivity of knowledge work and the knowledge worker
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The subordinate's job is not to reform or reeducate the boss, not to make him conform to what the business schools or the management book say bosses should be like. It is to enable a particular boss to perform as a unique individual.
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You cannot prevent a major catastrophe, but you can build an organization that is battle-ready, where people trust one another. In military training, the first rule is to instill soldiers with trust in their officers - because without trust, they won't fight.
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As a manager you're paid to be uncomfortable. If you're comfortable, it's a sure sign you're doing things wrong.
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The purpose of information is not knowledge. It is being able to take the right action.
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The company is not and must never claim to be home, family, religion, life or fate for the individual. It must never interfere in his private life or his citizenship. He is tied to the company through a voluntary and cancellable employment contract, not through some mystical or indissoluble bond.
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With Christianity, freedom and equality became the two basic concepts of Europe they are themselves Europe.
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Do not measure your life by your goals but what you are doing to achieve them.
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The problem in my life and other people's lives is not the absence of knowing what to do but the absence of doing it.
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Since we live in an age of innovation, a practical education must prepare a man for work that does not yet exist and cannot yet be clearly defined.
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What we are good at comes easy, and we believe that unless it comes hard, it can't be very good.
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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.
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What's absolutely unforgivable is the financial benefit top management people get for laying off people. There's no excuse for it. No justification. No explanation. This is morally and socially unforgivable, and we'll pay a very nasty price.
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If you want it, measure it. If you can't measure it, forget it.
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