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What people in business think they know about the customer and market is likely to be more wrong than right...the customer rarely buys what the business thinks it sells him.
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
Wrong
Buys
Business
Customer
Right
Rarely
Think
Sells
Thinking
Customers
People
Likely
Thinks
Market
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Look at government programs for the past fifty years. Every single one - except warfare - achieved the exact opposite of its announced goal.
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Executives owe it to the organization and to their fellow workers not to tolerate nonperforming individuals in important jobs.
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The society of organizations is new-only seventy years ago employees were a small minority in every society.
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You can't manage what you don't measure.
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Successful careers are not planned. They develop when people are prepared for opportunities because they know their strengths, their method of work, and their values. Knowing where one belongs can transform an ordinary person - hardworking and competent but otherwise mediocre - into an outstanding performer.
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Quality in a service or product is not what you put into it. It is what the client or customer gets out of it.
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Company cultures are like country cultures. Never try to change one. Try, instead, to work with what you've got.
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Every organization has to prepare for the abandonment of everything it does.
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It has been said, and only half in jest, that a tough, professionally led union is a great force for improving management performance. It forces the manager to think about what he is doing and to be able to explain his actions and behavior.
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Managing innovation will increasingly become a challenge to management, and especially to top management, and a touchstone of its competence.
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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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Every success creates new opportunities. So does every failure.
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