Quotes by Peter F. Drucker


Efficiency is doing things right; effectiveness is doing the right things.
– Peter F. Drucker
A manager is responsible for the application and performance of knowledge.
– Peter F. Drucker
Accept the fact that we have to treat almost anybody as a volunteer.
– Peter F. Drucker
Borrowers of books - those mutilators of collections, spoilers of the symmetry of shelves, and creators of odd volumes.
– Peter F. Drucker
Business, that's easily defined - it's other people's money.
– Peter F. Drucker
Company cultures are like country cultures. Never try to change one. Try, instead, to work with what you've got.
– Peter F. Drucker
Effective leadership is not about making speeches or being liked; leadership is defined by results not attributes.
– Peter F. Drucker
Efficiency is doing better what is already being done.
– Peter F. Drucker
Everybody has accepted by now that change is unavoidable. But that still implies that change is like death and taxes it should be postponed as long as possible and no change would be vastly preferable. But in a period of upheaval, such as the one we are living in, change is the norm.
– Peter F. Drucker
Few companies that installed computers to reduce the employment of clerks have realized their expectations... They now need more, and more expensive clerks even though they call them 'operators' or 'programmers.'
– Peter F. Drucker
Follow effective action with quiet reflection. From the quiet reflection will come even more effective action.
– Peter F. Drucker
Innovation is the specific instrument of entrepreneurship. The act that endows resources with a new capacity to create wealth.
– Peter F. Drucker
Knowledge has to be improved, challenged, and increased constantly, or it vanishes.
– Peter F. Drucker
Management by objective works - if you know the objectives. Ninety percent of the time you don't.
– Peter F. Drucker
Management is doing things right; leadership is doing the right things.
– Peter F. Drucker
Management means, in the last analysis, the substitution of thought for brawn and muscle, of knowledge for folkways and superstition, and of cooperation for force. It means the substitution of responsibility for obedience to rank, and of authority of performance for the authority of rank.
– Peter F. Drucker
My greatest strength as a consultant is to be ignorant and ask a few questions.
– Peter F. Drucker
Never mind your happiness; do your duty.
– Peter F. 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 F. 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 F. Drucker