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We can ill afford to have activities conducted as non-profit, that is, as activities that devour capital rather than form it, if they can be organized as activities that form capital, as activities that make a profit.
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
Profit
Activity
Devour
Conducted
Rather
Activities
Form
Afford
Make
Capital
Ill
Organized
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What we need is an entrepreneurial society in which innovation and entrepreneurship are normal, steady and continuous.
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There are companies that are good at improving what they're already doing. There are companies that are good at extending what they're doing. And finally there are companies that are good at innovation. Every large company has to be able to do all three - improve, extend, and innovate - simultaneously.
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The aim of marketing is to know and understand the customer so well the product or service fits him and sells itself.
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The enterprise that does not innovate ages and declines. And in a period of rapid change such as the present, the decline will be fast.
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We always remember best the irrelevant.
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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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Ideas are like frog eggs: you've got to lay a thousand to hatch one.
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When Henry Ford said, The customer can have a car in any color as long as it's black, he was not joking.
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All good strategy eventually degenerates into work.
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Universities won't survive. The future is outside the traditional campus, outside the traditional classroom. Distance learning is coming on fast.
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Nobody can predict the future the idea is to have a firm grasp of the present.
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I would hope that American managers-indeed, managers worldwide-continue to appreciate what I have been saying almost from day one: that management is so much more than exercising rank and privilege, that it is much more than making deals. Management affects people and their lives.
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Too many leaders try to do a little bit of 25 things and get nothing done. They are very popular because they always say yes. But they get nothing done.
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Decisions of the kind the executive has to make are not made well by acclamation. They are made well only if based on the clash of conflicting views...The first rule in decision-making is that one does not make a decision unless there is disagreement.
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The Pertinent Question is NOT how to do things right - but how to find the right things to do, and to concentrate resources and efforts on them.
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We live in an age of unprecedented opportunity: If you’ve got ambition and smarts, you can rise to the top of your chosen profession, regardless of where you started out.
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There's no such thing as knowledge management there are only knowledgeable people. Information only becomes knowledge in the hands of someone who knows what to do with it.
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It takes far less energy to move from first-rate performance to excellence than it does to move from incompetence to mediocrity.
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If you want it, measure it. If you can't measure it, forget it.
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Organizationally what is required - and evolving - is systems management.
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