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34 Superb Peter F Drucker Quotes

Peter F. Drucker was a large influence in the thinking and philosophies of business management. Since the authoring of his book, ‘The Practice of Management’ in 1955, Drucker has been a leader in modern discipline of management. Drucker has emphasized in his past writings to focus on using a strength based approach for developing your people. Here is a look at some of the best Peter F Drucker quotes from his lifetime.

“Business has only two functions — marketing and innovation.”

“Doing the right thing is more important than doing the thing right.”

“Efficiency is doing the thing right. Effectiveness is doing the right thing.”

“Follow effective action with quiet reflection. From the quiet reflection will come even more effective action.”

“If you want something new, you have to stop doing something old.”

“Innovation is the specific instrument of entrepreneurship… the act that endows resources with a new capacity to create wealth.”

“Knowledge has to be improved, challenged, and increased constantly, or it vanishes.”

“Long-range planning does not deal with the future decisions, but with the future of present decisions.”

“Management by objectives works if you first think through your objectives. Ninety percent of the time you haven’t.”

“Management is doing things right. Leadership is doing the right things.”

“Meetings are by definition a concession to a deficient organization. For one either meets or one works. One cannot do both at the same time.”

“No one learns as much about a subject as one who is forced to teach it.”

“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.”

“Plans are only good intentions unless they immediately degenerate into hard work.”

“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.”

“Rank does not confer privilege or give power. It imposes responsibility.”

“Results are obtained by exploiting opportunities, not by solving problems. ”

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

“The aim of marketing is to know and understand the customer so well the product or service fits him and sells itself.”

“The best way to predict your future is to create it”

“The computer is a moron.”

“The most important thing in communication is hearing what isn’t said.”

“The new information technology… Internet and e-mail… have practically eliminated the physical costs of communications.”

“The purpose of a business is to create a customer.”

“There is nothing quite so useless, as doing with great efficiency, something that should not be done at all.”

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

“Today knowledge has power. It controls access to opportunity and advancement.”

“Unless commitment is made, there are only promises and hopes, but no plans.”

“We know nothing about motivation. All we can of is write books about it.”

“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.”

“What gets measured gets improved.”

“What’s measured improves.”

“When a subject becomes totally obsolete we make it a required course.”

“Whenever you see a successful business, someone once made a courageous decision.”

Check out the following video for a unique perspective to the life and legacy of Peter F. Drucker. Considered to be the father of Modern Management, Drucker authored many works contributing to the philosophical and practical foundations of modern business.

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