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[Entrepreneurship] is by no means hunch or gamble. But it also is not precisely science. Rather, it is judgment.
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
Judgment
Rather
Means
Science
Hunch
Also
Hunches
Mean
Gamble
Entrepreneurship
Precisely
More quotes by Peter Drucker
Fortunately or unfortunately, the one predictable thing in any organization is the crisis. That always comes. That's when you do depend on the leader: The job of the leader is to build an organization that is battle-ready, that has high morale, that knows how to behave, that trusts itself, and where people trust one another.
Peter Drucker
The single most important thing to remember about any enterprise is that results exist only on the outside.The result of a business is a satisfied customer. The result of a hospital is a satisfied patient. The result of a school is a student who has learned something and puts it to work ten years later. Inside an enterprise there are only costs.
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The productivity of work is not the responsibility of the worker but of the manager.
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In a rural society communities are given for the individual. Community is a fact, whether family or religion, social class or caste.
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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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You can either take action, or you can hang back and hope for a miracle. Miracles are great, but they are so unpredictable.
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I find more and more executives less and less well informed about the outside world, if only because they believe that the data on the computer printouts are ipso facto information.
Peter Drucker
It is commonly believed that innovations create changes - but few ever do. Successful innovations exploit changes that have already happened.
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There are two types of people in the business community: those who produce results and those who give you reasons why they didn't.
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Our society has become an employee society.
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The company is not and must never claim to be home, family, religion, life or fate for the individual. It must never interfere in his private life or his citizenship. He is tied to the company through a voluntary and cancellable employment contract, not through some mystical or indissoluble bond.
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As with every phenomenon of the objective universe, the first step toward understanding work is to analyze it.
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Elephants have a hard time adapting. Cockroaches outlive everything.
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True marketing starts...with the customer, his demographics, his realities, his needs, his values. It does not ask, What do we want to sell? It asks, What does the customer want to buy?
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A man should never be appointed into a managerial position if his vision focuses on people's weaknesses rather than on their strengths.
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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
The enterprise, by definition, must be capable of producing more or better than all the resources that comprise it.
Peter Drucker
Executives do many things in addition to making decisions. But only executives make decisions. The first managerial skill is, therefore, the making of effective decisions.
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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.
Peter Drucker
An established company which, in an age demanding innovation, is not able to innovation, is doomed to decline and extinction.
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