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Peter F. Drucker quotes

1909 - 2005, American management consultant and author

Rank does not confer privilege or give power. It imposes responsibilty.
Peter F. Drucker

Wherever you see a successful business, someone once made a courageous decision.
Peter F. Drucker

The best way to predict the future is to create it.
Peter F. Drucker

People who don't take risks generally make about two big mistakes a year. People who do
take risks generally make about two big mistakes a year.
Peter F. Drucker

No one learns as much about a subject as one who is forced to teach it.
Peter F. Drucker

Results are obtained by exploiting opportunities, not by solving problems.
Peter F. Drucker

Efficiency is doing the thing right. Effectiveness is doing the right thing.
Peter F. Drucker

Effective leadership is not about making speeches or being liked; leadership is defined by
results not attributes.
Peter F. Drucker

The purpose of business is to create and keep a customer.
Peter F. Drucker

Management is doing things right; leadership is doing the right things.
Peter F. Drucker

It is more productive to convert an opportunity into results than to solve a problem - which
only restores the equilibrium of yesterday.
Peter F. Drucker

Time is the scarcest resource and unless it is managed nothing else can be managed.
Peter F. Drucker

No institution can possibly survive if it needs geniuses or supermen to manage it. It must be
organized in such a way as to be able to get along under a leadership composed of average
human beings.
Peter F. Drucker

Unless commitment is made, there are only promises and hopes - but no plans.
Peter F. Drucker

Management by objective works – if you know the objectives. Ninety percent of the time you
don't.
Peter F. Drucker

My greatest strength as a consultant is to be ignorant and ask a few questions.
Peter F. Drucker

Trying to predict the future is like trying to drive down a country road at night with no lights
while looking out the back window.
Peter F. Drucker

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 F. Drucker

Making good decisions is a crucial skill at every level.
Peter F. Drucker

Social responsibility objectives need to be built into the strategy of a business, rather than
merely be statements of good intentions.
Peter F. Drucker

Strategy is a commodity, execution is an art.
Peter F. Drucker

Innovation is the specific instrument of entrepreneurship. The act that endows resources with
a new capacity to create wealth.
Peter F. Drucker

The knowledge that we consider knowledge proves itself in action. What we now mean by
knowledge is information in action, information focused on results.
Peter F. Drucker

If you want something new, you have to stop doing something old.
Peter F. Drucker

People in any organization are always attached to the obsolete - the things that should have
worked but did not, the things that once were productive and no longer are.
Peter F. Drucker

There is nothing quite so useless, as doing with great efficiency, something that should not
be done at all.
Peter F. Drucker

The first responsibility of business is to make enough profit to cover the costs for the future.
If this social responsibility is not met, no other social responsibility can be met.
Peter F. Drucker

We now accept the fact that learning is a lifelong process of keeping abreast of change. And
the most pressing task is to teach people how to learn.
Peter F. Drucker

Most of what we call management consists of making it difficult for people to get their work
done.
Peter F. Drucker

The most important thing in communication is to hear what isn't being said.
Peter F. Drucker

Checking the results of a decision against its expectations shows executives what their
strengths are.
Peter F. Drucker

Knowledge has to be improved, challenged, and increased constantly, or it vanishes.
Peter F. Drucker

To make knowledge productive, we will have to learn to see both forest and tree. We will have
to learn to connect.
Peter F. Drucker

Follow effective action with quiet reflection. From the quiet reflection will come even more
effective action.
Peter F. Drucker

If a government commission had worked on the horse, you would have had the first horse that
could operate its knee joint in both directions. The only trouble is it couldn't have stood up.
Peter F. Drucker