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 DRUCKERRank does not confer privilege or give power. It imposes responsibility.
More Peter Drucker Quotes
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There is nothing quite so useless, as doing with great efficiency, something that should not be done at all.
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Results are obtained by exploiting opportunities, not by solving problems.
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One cannot hire a hand – the whole man always comes with it.
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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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Effectiveness must be learned.
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Innovation is the specific instrument of entrepreneurship the act that endows resources with a new capacity to create wealth.
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A man should never be appointed to a managerial position if his vision focuses on people’s weaknesses rather than on their strengths. The man who always knows exactly what people cannot do, but never sees anything they can do, will undermine the spirit of his organization.
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The one man to distrust, however, is the man who never makes a mistake, never commits a blunder, never fails in what he tries to do. He is either a phony, or he stays with the safe, the tried, and the trivial.
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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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This defines entrepreneur and entrepreneurship – the entrepreneur always searches for change, responds to it, and exploits it as an opportunity.
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Management is about human beings. Its task is to make people capable of joint performance, to make their strengths effective and their weaknesses irrelevant.
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When a subject becomes totally obsolete we make it a required course.
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Intelligence, imagination, and knowledge are essential resources, but only effectiveness converts them into results.
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There is no such thing as a good man. Good for what? is the question.
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It is more productive to convert an opportunity into results than to solve a problem – which only restores the equilibrium of yesterday.
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