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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
Even
Customers
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Dividends
Workers
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Surplus
Society
Supply
Rather
Services
Jobs
Managers
Business
Goods
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One of the great movements in my lifetime among educated people is the need to commit themselves to action. Most people are not satisfied with giving money we also feel we need to work.
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Time is the scarcest resource and unless it is managed nothing else can be managed.
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To survive and succeed, every organization will have to turn itself into a change agent
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Knowledge has to be improved, challenged, and increased constantly, or it vanishes.
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The basic economic resource - the means of production - is no longer capital, nor natural resources, nor labor. It is and will be knowledge.
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You can either take action, or you can hang back and hope for a miracle. Miracles are great, but they are so unpredictable.
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Keep your eye on the task, not on yourself. The task matters, and you are a servant
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The moment people talk of implementing instead of doing, and of finalizing instead of finishing, the organization is already running a fever.
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In todays economy, the most important resource is no longer labor, capital or land it is knowledge
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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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We've spent the last 30 years focusing on the T in IT, and we'll spend the next 30 years focusing on the I.
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The Welfare State, which begun in Imperial Germany for the truly indigent and disabled, has now become everybody's entitlement and an increasing burden on those who produce.
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Follow effective action with quiet reflection. From the quiet reflection will come even more effective action.
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If a business is to be considered a continuous process, instead of a series of disjointed stop-and-go events, then the economic universe in which a business operates-and all the major events within it-must have rhyme, rhythm, or reason.
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