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For new technology to replace old, it has to have at least ten times the benefit.
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
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Ten
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Least
More quotes by Peter Drucker
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.
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Every success creates new opportunities. So does every failure.
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Promotion should not be more important than accomplishment, or avoiding instability more important than taking the right risk.
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The most important contribution management needs to make in the 21st century is ... to increase the productivity of knowledge work and the knowledge worker
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There is the general belief that the corporation income tax is a tax on the rich and on the fat cats. But with pension funds owning 30% of American large business-and soon to own 50%-the corporation income tax, in effect, eases the load on those in top income brackets and penalizes the beneficiaries of pension funds.
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The correct assumption is that what individuals have learned by age twenty-one will begin to become obsolete five to ten years later and will have to be replaced-or at least refurbished-by new learning, new skills, new knowledge.
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Management means, in the last analysis, the substitution of thought for brawn and muscle, of knowledge for folkways and superstition, and of cooperation for force. It means the substitution of responsibility for obedience to rank, and of authority of performance for the authority of rank.
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There is the risk you cannot afford to take, and there is the risk you cannot afford not to take.
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The leader of the past was a person who knew how to tell. The leader of the future will be a person who knows how to ask.
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If a business is to be considered a continuous process, instead of a series of disjointed stop-and-go events, then the economic universe in which a business operates-and all the major events within it-must have rhyme, rhythm, or reason.
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The most effective way to manage change is to create it.
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Leadership is not rank, privileges, title or money. It is responsibility.
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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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The final test of greatness in a CEO is how well he chooses a successor and whether he can step aside and let the successor run the company.
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The individual is the central, rarest, most precious capital resource of our society.
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Don't try to innovate for the future. Innovate for the present!
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There's nothing so useless than executing a task efficiently when it actually never should have been executed at all.
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Leadership is lifting a person's vision to high sights, the raising of a person's performance to a higher standard, the building of a personality beyond its normal limitations.
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If general perception changes from seeing the glass as 'half-full' to seeing it as 'half empty' there are major innovative opportunities.
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