Efficiency is doing the thing right. Effectiveness is doing the right thing.
PETER DRUCKERUnless commitment is made, there are only promises and hopes; but no plans.
More Peter Drucker Quotes
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The less an organization has to do to produce results, the better it does its job.
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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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To be sure, the fundamental task of management remains the same: to make people capable of joint performance through common goals, common values, the right structure, and the training and development they need to perform and to respond to change.
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Entrepreneurship is neither a science nor an art. It is a practice.
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Business has only two functions – marketing and innovation.
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There is no such thing as a good man. Good for what? is the question.
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The computer is a moron.
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Entrepreneurship is risky mainly because so few of the so-called entrepreneurs know what they are doing.
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One cannot hire a hand – the whole man always comes with it.
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Until we can manage time, we can manage nothing else.
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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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Managing yourself requires taking responsibility for relationships.
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Working on the right things is what makes knowledge work effective.
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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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No one learns as much about a subject as one who is forced to teach it.
PETER DRUCKER