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Profit is not the explanation, cause, or rationale of business behavior and business decisions, but the test of their validity.

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
Cause
Rationale
Decision
Validity
Causes
Explanation
Business
Test
Tests
Profit
Decisions
Behavior

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Communism is evil. Its driving forces are the deadly sins of envy and hatred.
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That the government's power under the Taft-Hartley Act to stop a strike by injunction so clearly strengthens the hand of the employer-even though it is used only when a strike threatens the national health, welfare, or safety-is a grave blemish and explains much of union resistance to the Act.
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Our society has become an employee society.
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Leadership is lifting a person's vision to high sights, the raising of a person's performance to a higher standard, the building of a personality beyond its normal limitations.
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No single piece of macroeconomic advice given by the experts to their government has ever had the results predicted.
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The first step toward making the worker achieving is to make work productive.
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Innovation is the specific tool of entrepreneurs, the means by which they exploit change as an opportunity for a different business or a different service.
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The dilemma of modern society: the conflict between the need for capital formation at a high rate and the popular condemnation of interest and dividends as unearned income and capitalist, if not as sinful and wicked.
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What gets measured gets managed.
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Nobody can predict the future the idea is to have a firm grasp of the present.
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The honest work of yesterday has lost its social status, its social esteem.
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Managers are the basic and scarcest resource of any business enterprise.
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An organization which just perpetuates today's level of vision, excellence, and accomplishment has lost the capacity to adapt.
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With Christianity, freedom and equality became the two basic concepts of Europe they are themselves Europe.
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