Business has only two functions – marketing and innovation.
PETER DRUCKERThe aim of marketing is to know and understand the customer so well the product or service fits him and sells itself.
More Peter Drucker Quotes
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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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Results are obtained by exploiting opportunities, not by solving problems.
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Whenever you see a successful business, someone once made a courageous decision.
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The computer is a moron.
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There is no such thing as a good man. Good for what? is the question.
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We now accept the fact that learning is a lifelong process of keeping abreast of change. And the most pressing task is to teach people how to learn.
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What’s measured improves.
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Plan, organize, integrate, motivate, and measure.
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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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There is nothing quite so useless, as doing with great efficiency, something that should not be done at all.
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People in any organization are always attached to the obsolete – the things that should have worked but did not, the things that once were productive and no longer are.
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The three most charismatic leaders in this century inflicted more suffering on the human race than almost any trio in history: Hitler, Stalin, and Mao. What matters is not the leader’s charisma. What matters is the leader’s mission.
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Your first and foremost job as a leader is to take charge of your own energy and then help to orchestrate the energy of those around you.
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Plans are only good intentions unless they immediately degenerate into hard work.
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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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Is this still worth doing? And if it isn’t, he gets rid of it so as to be able to concentrate on the few tasks that, if done with excellence, will really make a difference in the results of his own job and in the performance of his organization.
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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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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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The less an organization has to do to produce results, the better it does its job.
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Management is doing things right; leadership is doing the right things.
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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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People who don’t take risks generally make about two big mistakes a year.
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Unless commitment is made, there are only promises and hopes; but no plans.
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If you want something new, you have to stop doing something old.
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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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Intelligence, imagination, and knowledge are essential resources, but only effectiveness converts them into results.
PETER DRUCKER