Business has only two functions – marketing and innovation.
PETER DRUCKERThis defines entrepreneur and entrepreneurship – the entrepreneur always searches for change, responds to it, and exploits it as an opportunity.
More Peter Drucker Quotes
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A person can perform only from strength. One cannot build performance on weakness, let alone on something one cannot do at all.
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There is only one valid definition of business purpose: to create a customer.
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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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History has been written not by the most talented but by the most motivated.
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Follow effective action with quiet reflection. From the quiet reflection will come even more effective action.
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When a subject becomes totally obsolete we make it a required course.
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One cannot hire a hand – the whole man always comes with it.
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The problem in my life and other people’s lives is not the absence of knowing what to do but the absence of doing it.
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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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Efficiency is doing the thing right. Effectiveness is doing the right thing.
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By themselves, character and integrity do not accomplish anything. But their absence faults everything else. Here, therefore, is the one area where weakness is a disqualification by itself rather than a limitation on performance capacity and strength.
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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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A decision without an alternative is a desperate gambler’s throw.
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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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If you want something new, you have to stop doing something old.
PETER DRUCKER