Business has only two functions – marketing and innovation.
PETER DRUCKERTo 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.
More Peter Drucker Quotes
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There is no such thing as a good man. Good for what? is the question.
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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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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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A manager is responsible for the application and performance of knowledge.
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History has been written not by the most talented but by the most motivated.
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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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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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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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Success in the knowledge economy comes to those who know themselves – their strengths, their values, and how they best perform.
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Efficiency is doing the thing right. Effectiveness is doing the right thing.
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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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A decision without an alternative is a desperate gambler’s throw.
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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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People who don’t take risks generally make about two big mistakes a year.
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Entrepreneurship is neither a science nor an art. It is a practice.
PETER DRUCKER