Peter Drucker Quotes

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

Effective leadership is not about making speeches or being liked; leadership is defined by results not attributes. Peter Drucker

There are an enormous number of managers who have retired on the job. Peter Drucker

Plans are only good intentions unless they immediately degenerate into hard work. Peter Drucker

So much of what we call management consists in making it difficult for people to work. Peter Drucker

A manager is responsible for the application and performance of knowledge. Peter Drucker

Efficiency is doing things right; effectiveness is doing the right things. Peter Drucker

Time is the scarcest resource and unless it is managed nothing else can be managed. Peter Drucker

Quality in a product or service is not what the supplier puts in. It is what the customer gets out and is willing to pay for. A product is not quality because it is hard to make and costs a lot of money, as manufacturers typically believe. This is incompetence. Customers pay only for what is of use to them and gives them value. Nothing else constitutes quality. Peter Drucker

Teamwork is neither ‘good’ nor ‘desirable’. It is a fact. Wherever people work together or play together they do so as a team. Which team to use for what purpose is a crucial, difficult and risky decision that is even harder to unmake. Managements have yet to learn how to make it. Peter Drucker

The most important thing in communication is to hear what isn’t being said. Peter Drucker

There is nothing so useless as doing efficiently that which should not be done at all. Peter Drucker

The computer is a moron. Peter Drucker

Innovation is the specific instrument of entrepreneurship: the act that endows resources with a new capacity to create wealth. Peter Drucker

During periods of discontinuous, abrupt change, the essence of adaptation involves a keen sensitivity to what should be abandoned – not what should be changed or introduced. A willingness to depart from the familiar has distinct survival value. Peter Drucker