Business has only two functions – marketing and innovation.
PETER DRUCKERA manager is responsible for the application and performance of knowledge.
More Peter Drucker Quotes
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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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People who don’t take risks generally make about two big mistakes a year.
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Until we can manage time, we can manage nothing else.
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Keep your eye on the task, not on yourself. The task matters, and you are a servant.
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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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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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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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When a subject becomes totally obsolete we make it a required course.
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No one learns as much about a subject as one who is forced to teach it.
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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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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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Entrepreneurship is risky mainly because so few of the so-called entrepreneurs know what they are doing.
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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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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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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.
PETER DRUCKER