Quote

[Entrepreneurship] is by no means hunch or gamble. But it also is not precisely science. Rather, it is judgment.

Peter Drucker

Change background

T
T
T

Change font

TAGS & TOPICS

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
Science
Hunch
Also
Hunches
Mean
Gamble
Entrepreneurship
Precisely
Judgment
Rather
Means

More quotes by Peter Drucker

Image
As to the idea that advertising motivates people, remember the Edsel.
Peter Drucker
Image
The days of the 'intuitive' manager are numbered.
Peter Drucker
Image
The experience of the human race indicates strongly that the only person in abundant supply is the universal incompetent.
Peter Drucker
Image
Everything requires time. It is the only truly universal condition. All work takes place in time and uses up time. Yet most people take for granted this unique, irreplaceable, and necessary resource. Nothing else, perhaps, distinguishes effective executives as much as their tender loving care of time.
Peter Drucker
Image
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.
Peter Drucker
Image
A man should never be appointed into a managerial position if his vision focuses on people's weaknesses rather than on their strengths.
Peter Drucker
Image
You cannot prevent a major catastrophe, but you can build an organization that is battle-ready, where people trust one another. In military training, the first rule is to instill soldiers with trust in their officers - because without trust, they won't fight.
Peter Drucker
Image
The talk you hear about adapting to change is not only stupid, it's dangerous. The only way you can manage change is to create it.
Peter Drucker
Image
It takes far less energy to move from first-rate performance to excellence than it does to move from incompetence to mediocrity.
Peter Drucker
Image
Businesses are not paid to reform customers. They are paid to satisfy customers.
Peter Drucker
Image
In the Western tradition, we have focused on teaching as a skill and forgotten what Socrates knew: teaching is a gift, learning is a skill.
Peter Drucker
Image
No financial man will ever understand business because financial people think a company makes money. A company makes shoes, and no financial man understands that. They think money is real. Shoes are real.
Peter Drucker
Image
Spontaneity is an infinite number of rehearsed possibilities.
Peter Drucker
Image
The productivity of work is not the responsibility of the worker but of the manager.
Peter Drucker
Image
Inside an organization there are only cost centers. The only profit center is a customer whose check has not bounced.
Peter Drucker
Image
We no longer even understand the question whether change is by itself good or bad, ...We start out with the axiom that it is the norm. We do not see change as altering the order... We see change as being order itself - indeed the only order we can comprehend today is a dynamic, a moving, a changing one.
Peter Drucker
Image
Because its purpose is to create a customer, the business enterprise has two - and only these two — basic functions: marketing and innovation. Marketing and innovation produce results all the rest are 'costs'.
Peter Drucker
Image
Management is not being brilliant. Management is being conscientious.
Peter Drucker
Image
Of all the decisions an executive makes, none is as important as the decisions about people, because they determine the performance capacity of the organization.
Peter Drucker
Image
Mother Teresa's numerical results were not her greatest contribution. Instead, she made the world-and especially India-conscious of compassion.
Peter Drucker