Peter Drucker
Peter Drucker
Peter Ferdinand Druckerwas an Austrian-born American management consultant, educator, and author, whose writings contributed to the philosophical and practical foundations of the modern business corporation. He was also a leader in the development of management education, he invented the concept known as management by objectives and self-control, and he has been described as "the founder of modern management"...
ProfessionNon-Fiction Author
Date of Birth19 November 1909
Peter Drucker quotes about
new-ventures financial faster
The healthier a new venture and the faster it grows, the more financial feeding it requires.
mean entrepreneurship judgment
[Entrepreneurship] is by no means hunch or gamble. But it also is not precisely science. Rather, it is judgment.
years skills age
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.
wicked income needs
The dilemma of modern society: the conflict between the need for capital formation at a high rate and the popular condemnation of interest and dividends as "unearned income" and "capitalist," if not as sinful and wicked.
teaching thinking people
I no longer think that learning how to manage people, especially subordinates, is the most important for executives to learn. I am teaching above all else, how to manage oneself.
opportunity important use
The most important work of the executive is to identify the changes that have already happened. The important thing . . . is to exploit the changes that have already occurred and to use them as opportunities.
goal ifs five
If you have more than five goals, you have none.
real organization differences
The only real difference between one organization and another is the performance of its people.
believe easy very-good
What we are good at comes easy, and we believe that unless it comes hard, it can't be very good.
company products
All companies are service companies; some also manufacture products.
effectiveness race quality
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.
running greatness tests
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.
military defense purpose
We have tried to substitute mass for purpose. We have tried to regain military potency of defense by making it gigantic, unwieldy, complex. It never works.
integrity character faults
By themselves, character and integrity do not accomplish anything. But their absence faults everything else.