Innovation is the specific instrument of entrepreneurship the act that endows resources with a new capacity to create wealth.
PETER DRUCKER1. What is our mission? 2. Who is our customer? 3. What does the customer value? 4. What are our results? 5. What is our plan?
More Peter Drucker Quotes
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A manager is responsible for the application and performance of knowledge.
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The less an organization has to do to produce results, the better it does its job.
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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.
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Whenever you see a successful business, someone once made a courageous decision.
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Business has only two functions – marketing and innovation.
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Follow effective action with quiet reflection. From the quiet reflection will come even more effective action.
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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.
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If there is any one secret of effectiveness, it is concentration. Effective executives do first things first and they do one thing at a time.
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Like so many brilliant people, he believes that ideas move mountains. But bulldozers move mountains; ideas show where the bulldozers should go to work.
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Managing yourself requires taking responsibility for relationships.
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You should not change yourself, but create yourself, that mean build around your strengths and removing bad habits
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It takes far more energy and work to improve from incompetence to mediocrity than it takes to improve from first-rate performance to excellence.
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Meetings are by definition a concession to deficient organization For one either meets or one works. One cannot do both at the same time.
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A well-managed factory is boring. Nothing exciting happens in it because the crises have been anticipated and have been converted into routine.
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Keep your eye on the task, not on yourself. The task matters, and you are a servant.
PETER DRUCKER