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Systematic change requires a willingness to look on change as an opportunity.
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
Requires
Opportunity
Change
Look
Looks
Systematic
Willingness
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The most valuable assets of a 20th-century company were its production equipment. The most valuable assets of a 21st-century institution, whether business or nonbusiness, will be its knowledge, workers, and their productivity.
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It's amazing how many things busy people are doing that never will be missed.
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Cultivate a deep understanding of yourself - not only what your strengths and weaknesses are but also how you learn, how you work with others, what your values are, and where you can make the greatest contribution. Because only when you operate from strengths can you achieve true excellence.
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Accept the fact that we have to treat almost anybody as a volunteer.
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When a resource is scarce, you increase its yield.
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The world economy is not yet a community--not even an economic community...Yet the existence of the global shopping center is a fact that cannot be undone. The vision of an economy for all will not be forgotten again.
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We can't make people better by trying to eliminate their weaknesses, but we can help then perform better by building on their strengths.
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Profit is not the explanation, cause, or rationale of business behavior and business decisions, but the test of their validity.
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Teaching 23-year-olds in an MBA programme strikes me as largely a waste of time. They lack the background of experience. You can teach them skills - accounting and what have you - but you can't teach them management.
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[T]hroughout the ages to be educated meant to be unproductive.... our word school - and its equivalent in all European languages - derives from a Greek word meaning leisure.
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Inside an organization there are only cost centers. The only profit center is a customer whose check has not bounced.
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A manager is responsible for the application and performance of knowledge.
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When the business grows, the person who founded it is incredibly busy. Rapid growth puts an enormous strain on a business. You outgrow your production facilities. You outgrow your management capabilities.
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The 1st question the effective decision-maker asks is: 'Is this a generic situation or an exception?'
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When it rains manna from heaven, some people put up an umbrella. Others reach for a big spoon.
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What is the major problem? It is fundamentally the confusion between effectiveness and efficiency that stands between doing the right things and doing things right. There is surely nothing quite so useless as doing with great efficiency what should not be done at all.
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