Quote

For new technology to replace old, it has to have at least ten times the benefit.

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
Replace
Benefit
Ten
Benefits
Technology
Least
Times

More quotes by Peter Drucker

Image
Charisma becomes the undoing of leaders. It makes them inflexible, convinced of their own infallibility, unable to change
Peter Drucker
Image
Quality in a service or product is not what you put into it. It is what the client or customer gets out of it.
Peter Drucker
Image
The relevant question is not simply what shall we do tomorrow, but rather what shall we do today in order to get ready for tomorrow.
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
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.
Peter Drucker
Image
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
Image
Decisions of the kind the executive has to make are not made well by acclamation. They are made well only if based on the clash of conflicting views...The first rule in decision-making is that one does not make a decision unless there is disagreement.
Peter Drucker
Image
We live in an age of unprecedented opportunity: If you’ve got ambition and smarts, you can rise to the top of your chosen profession, regardless of where you started out.
Peter Drucker
Image
One cannot manage change. One can only be ahead of it.
Peter Drucker
Image
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.
Peter Drucker
Image
(Waste = Loss): The first rule of business is to survive and the guiding principle of business economics is not the maximisation of profit, it is the avoidance of loss
Peter Drucker
Image
The basic economic resource - the means of production - is no longer capital, nor natural resources, nor labor. It is and will be knowledge.
Peter Drucker
Image
Elephants have a hard time adapting. Cockroaches outlive everything.
Peter Drucker
Image
Through systematic terror, through indoctrination, through systematic manipulation of stimulus, reward, and punishment, we can today break man and convert him into brute animal... The first step toward survival is therefore to make government legitimate again by attempting to deprive it of these powers... by international action to ban such powers.
Peter Drucker
Image
An organization which just perpetuates today's level of vision, excellence, and accomplishment has lost the capacity to adapt.
Peter Drucker
Image
Knowledge is power, which is why people who had it in the past often tried to make a secret of it. In post-capitalism, power comes from transmitting information to make it productive, not from hiding it.
Peter Drucker
Image
You cannot build performance on weaknesses. You can build only on strengths.
Peter Drucker
Image
Nobody in the world is as good at making decisions as the Japanese.
Peter Drucker
Image
Nothing is less productive than to make more efficient what should not be done at all.
Peter Drucker
Image
Managing innovation will increasingly become a challenge to management, and especially to top management, and a touchstone of its competence.
Peter Drucker