Quote

There is no perfect strategic decision. One always has to pay a price. One always has to balance conflicting objectives, conflicting opinions, and conflicting priorities. The best strategic decision is only an approximation - and a risk.

Peter Drucker

Change background

T
T
T

Change font

TAGS & TOPICS

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
Balance
Pay
Approximation
Risk
Conflicting
Decision
Strategic
Opinion
Objectives
Perfect
Priorities
Best
Opinions
Always
Price

More quotes by Peter Drucker

Image
The only thing we know about the future is that it will be different.
Peter Drucker
Image
Decision making is the specific executive task.
Peter Drucker
Image
If socialism is defined as ownership of the means of production--and this is both the orthodox and the only rigorous definition--then the United States is the first truly Socialist country.
Peter Drucker
Image
Your first and foremost job as a leader is to take charge of your own energy and then help to orchestrate the energy of those around you.
Peter Drucker
Image
The moment people talk of implementing instead of doing, and of finalizing instead of finishing, the organization is already running a fever.
Peter Drucker
Image
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
Image
And no matter how serious an environmental problem the automobile poses in today's big city, the horse was dirtier, smelled worse, killed and maimed more people, and congested the streets just as much.
Peter Drucker
Image
The talk you hear about adapting to change is not only stupid, it's dangerous. The only way you can manage change is to create it.
Peter Drucker
Image
Mission defines strategy, and strategy defines structure.
Peter Drucker
Image
Systematic change requires a willingness to look on change as an opportunity.
Peter Drucker
Image
Today knowledge has power. It controls access to opportunity and advancement.
Peter Drucker
Image
The productivity of people requires continuous learning, as the Japanese have taught us. It requires adoption in the West of the specific Japanese Zen concept where one learns to do better what one already does well.
Peter Drucker
Image
The world political system is till based on the concept of the national sovereign state. For the first time therefore, in three hundred years economy and sovereignty are becoming divorced from each other.
Peter Drucker
Image
Vision without execution is delusion. The joy is in the results
Peter Drucker
Image
There is one qualification the manager cannot acquire but must bring to the task. It is not genius it is character.
Peter Drucker
Image
Every enterprise is learning and teaching institution. Training and development must be built into it on all levels, training and development that never stop.
Peter Drucker
Image
The essence of management is to make knowledge productive.
Peter Drucker
Image
Every success creates new opportunities. So does every failure.
Peter Drucker
Image
Most discussions of decision making assume that only senior executives make decisions or that only senior executives' decisions matter. This is a dangerous mistake.
Peter Drucker
Image
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.
Peter Drucker