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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
Science
Hunch
Also
Hunches
Mean
Gamble
Entrepreneurship
Precisely
Judgment
Rather
Means

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The race for Quality has no finish line - so technically, it's more like a death march. Efficiency is doing things right effectiveness is doing the right things.
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The only thing we know about the future is that it will be different.
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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.
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The moment people talk of implementing instead of doing, and of finalizing instead of finishing, the organization is already running a fever.
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Our job in life is to make a positive difference, not prove we're right.
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Important decisions are risky. They should be controversial. Acclamation means that nobody has done the homework.
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Ideas are cheap and abundant what is of value is the effective placement of those ideas into situations that develop into action.
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Effective organizations put people in jobs in which they can do the most good. They place people -- and allow people to place themselves -- according to their strengths.
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Do the right things instead of trying to do everything right.
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The most efficient way to produce anything is to bring together under one management as many as possible of the activities needed to turn out the product.
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The enterprise can fulfill its human and social functions only if it prospers as a business.
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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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People in any organization, including bureaucrats and politicians, are always attached to the obsolete the obsolescent the things that should have worked but didn't the things that once were productive and no longer are.
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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.
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Customers pay only for what is of use to them and gives them value. Nothing else constitutes quality.
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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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Most innovators are successful to the extent to which they define risks and confine them.
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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.
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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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