Peter Drucker Quotations

-The probability that the first choice you make is right for you is roughly one in a million. If you decide that your first choice was the right one, chances are you are just plain lazy.

-Organizations, unless challenged, tend to allocate resources by inertia and tradition not results.

-Every few hundred years throughout western history a sharp transformation has occurred. In a matter of decades, society altogether rearranges itself – its world view, basic values, social and political structures, its arts and key institutions. Fifty years later a new world exists, and the people born into that world cannot even imagine the world in which their grandparents lived and into which their own parents were born.

-I have never come across a single “natural”: an executive who was born effective. All the effective ones have had to learn to be effective. Effectiveness can be learned. And it also has to be learned.

-Ethics stays in the prefaces of the average business science book.

-Working with people is difficult but not impossible.

-Management fads are a substitute for thinking.

-Wherever you see a successful business, someone once made a courageous decision.

-The leaders of the past knew how to tell; the leader of the future will know how to ask.

-One cannot manage change. One can only be ahead of it.

-Ideas are somewhat like babies — they are born small, immature, and shapeless. They are promises rather than fulfillment.

-It is easy to look good in a boom.

-Don’t subscribe to the contention that innovation can be achieved through committees.

-It is who gets promoted that tells most about what a company stands for.

-There are no irrational customers, only lazy merchants and manufacturers.

-Prepare two separate budgets: a detailed one consisting of expenses and a concise one focusing on opportunities.

-Institutions, systems and policies eventually outlive themselves, as do products, processes, and services. They do it when they accomplish their objectives, and they do it when they fail to accomplish their objectives.

-Increasingly, performance in the new knowledge-based industries will come to depend on running the institution to attract, hold, and motivate knowledge workers.

-Business has only two functions — marketing and innovation.

-Success always makes obsolete the very behaviour that achieved it. It always creates new realities. It always creates, above all, its own and different problems. Only the fairy tale ends “They lived happily ever after.”

-Management is doing things right; leadership is doing the right things.

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

-If you want to predict the future, create it in your mind first!

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

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

-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