Quote

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
Capital
Ill
Organized
Profit
Activity
Devour
Rather
Conducted
Form
Activities
Make
Afford

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Objectives are not commands they are commitments.
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We have tried to substitute mass for purpose. We have tried to regain military potency of defense by making it gigantic, unwieldy, complex. It never works.
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It is willingness of people to give of themselves over and above the demands of the job that distinguishes the great from the merely adequate.
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Fascism is the result of the collapse of Europe's spiritual and social order... catastrophes broke through the everyday routine which makes men accept existing forms, institutions and tenets as unalterable natural laws. They suddenly exposed the vacuum behind the facade of society.
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Plans are only good intentions unless they immediately degenerate into hard work.
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It is easier to raise the performance of one leader than it is to raise the performance of a whole mass.
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Management is not being brilliant. Management is being conscientious.
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As a manager you're paid to be uncomfortable. If you're comfortable, it's a sure sign you're doing things wrong.
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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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Since we live in an age of innovation, a practical education must prepare a man for work that does not yet exist and cannot yet be clearly defined.
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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.
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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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Institutions mistake good intentions for objectives. They say health care that's an intention, not an objective.
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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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