The purpose of business is to create and keep a customer.
PETER DRUCKERTrying to predict the future is like trying to drive down a country road at night with no lights while looking out the back window.
More Peter Drucker Quotes
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Intelligence, imagination, and knowledge are essential resources, but only effectiveness converts them into results.
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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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Entrepreneurship is risky mainly because so few of the so-called entrepreneurs know what they are doing.
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Plans are only good intentions unless they immediately degenerate into hard work.
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Until we can manage time, we can manage nothing else.
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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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A decision without an alternative is a desperate gambler’s throw.
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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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Management is doing things right; leadership is doing the right things.
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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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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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When a subject becomes totally obsolete we make it a required course.
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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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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.
PETER DRUCKER