Peter Drucker is often called the “father of modern management” for his pioneering work on topics such as knowledge workers, decentralized decision-making, and the importance of innovation. He is also credited with popularizing the term “management by objectives” (MBO), a goal-setting process that is still widely used today. He is the author of over 30 books, including The Effective Executive, Managing for Results, and Innovation and Entrepreneurship.
- “Whenever you see a successful business, someone once made a courageous decision.” ~Peter Drucker
- “If you want something new, you have to stop doing something old.” ~Peter Drucker
- “The purpose of a business is to create a customer.” ~Peter Drucker
- “The entrepreneur always searches for change, responds to it, and exploits it as an opportunity.” ~Peter Drucker
- “People learn the most when teaching others.” ~Peter Drucker
- “The purpose of an organization is to enable ordinary humans beings to do extraordinary things.” ~Peter Drucker
- “Change is the norm; unless an organization sees that its task is to lead change, that organization will not survive.” ~Peter Drucker
- “Quality in a service or product is not what you put into it. It is what the client or customer gets out of it.” ~Peter Drucker
- “Knowledge has become the key economic resource and the dominant-and perhaps even the only-source of competitive advantage.” ~Peter Drucker
- “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
- “The aim of marketing is to know and understand the customer so well the product or service fits him and sells itself.” ~Peter Drucker
- “Strategy is a commodity, execution is an art.” ~Peter Drucker
- “The single most important thing to remember about any enterprise is that there are no results inside its walls. The result of a business is a satisfied customer.” ~Peter Drucker
- “The purpose of information is not knowledge. It is being able to take the right action.” ~Peter Drucker
- “Unless commitment is made, there are only promises and hopes; but no plans.” ~Peter Drucker
- “Innovation is the specific tool of entrepreneurs, the means by which they exploit change as an opportunity for a different business or a different service.” ~Peter Drucker
- “The greatest danger in times of turbulence is not the turbulence; it is to act with yesterday’s logic.” ~Peter Drucker
- “What’s measured improves.” ~Peter Drucker
Peter Drucker on Leadership and Management
- “The most important thing in communication is to hear what isn’t being said.” ~Peter Drucker
- “So much of what we call management consists in making it difficult for people to work.” ~Peter Drucker
- “The best way to predict the future is to create it.” ~Peter Drucker
- “Only three things happen naturally in organizations: friction, confusion, and underperformance. Everything else requires leadership.” ~Peter Drucker
- “Executives owe it to the organization and to their fellow workers not to tolerate nonperforming individuals in important jobs.” ~Peter Drucker
- “No institution can possibly survive if it needs geniuses or supermen to manage it. It must be organized in such a way as to be able to get along under a leadership composed of average human beings.” ~Peter Drucker
- “The task of leadership is to create an alignment of strengths so strong that it makes the system’s weaknesses irrelevant.” ~Peter Drucker
- “Effective leadership is not about making speeches or being liked; leadership is defined by results, not attributes.” ~Peter Drucker
- “Leadership is lifting a person’s vision to high sights, the raising of a person’s performance to a higher standard, the building of a personality beyond its normal limitations.” ~Peter Drucker
- “The leader of the past was a person who knew how to tell. The leader of the future will be a person who knows how to ask.” ~Peter Drucker
- “The productivity of work is not the responsibility of the worker, but of the manager.” ~Peter Drucker
- “The essence of management is to make knowledge productive.” ~Peter Drucker
- “People who don’t take risks generally make about two big mistakes a year. People who do take risks generally make about two big mistakes a year.” ~Peter Drucker
- “Management is doing things right; leadership is doing the right things.” ~Peter Drucker
- “An equally important task for top management in the next society’s corporation will be to balance the three dimensions of the corporation: as an economic organization, as a human organization, and as an increasingly important social organization.” ~Peter Drucker
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