Top 500 Peter F. Drucker Quotes (2024 Update)
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401. “There is one qualification the manager cannot acquire but must bring to the task. It is not genius; it is character.”

— Peter F. Drucker

402. “Adversarial power relationships only work if you never have to see or work with the bastards again.”

— Peter F. Drucker

403. “Free enterprise cannot be justified as being good for business. It can be justified only as being good for society.”

— Peter F. Drucker

404. “The oft-repeated quip, “I’m sorry to write you a long letter, as I did not have time to write a short one,” could be applied to meetings: “I’m sorry to imprison you in this long meeting, as I did not have time to prepare a short one.”

— Peter F. Drucker

405. “The corporation is the “master”, the employee is the “servant”. Because the corporation owns the means of production without which the employee could not make a living, the employee needs the corporation more than vice versa.”

— Peter F. Drucker

406. “The paradox of the prophet: his very success is his failure. The prophet whose time has come no longer shocks; he entertains.”

— Peter F. Drucker

407. “Business exists to supply goods and services to customers and economic surplus to society, rather than to supply jobs to workers and managers or even dividends to shareholders.”

— Peter F. Drucker

408. “It’s up to you to carve out your place, to know when to change course, and to keep yourself engaged and productive during a work life that may span some 50 years.”

— Peter F. Drucker

409. “An employer has no business with a man’s personality. The task is not to change personality, but to enable a person to achieve and to perform.”

— Peter F. Drucker

410. “A man should never be appointed to a managerial position if his vision focuses on people’s weaknesses rather than on their strengths. The man who always knows exactly what people cannot do, but never sees anything they can do, will undermine the spirit of his organization.”

— Peter F. Drucker

411. “Suppliers and especially manufacturers have market power because they have information about a product or a service that the customer does not and cannot have, and does not need if he can trust the brand. This explains the profitability of brands.”

— Peter F. Drucker

412. “When a resource is scarce, you increase its yield.”

— Peter F. Drucker

413. “Don’t take on things you don’t believe in and that you yourself are not good at. Learn to say no. Effective leaders match the objective needs of their company with the subjective competencies. As a result, they get an enormous amount of things done fast.”

— Peter F. Drucker

414. “The building of a personality beyond its normal limitations.”

— Peter F. Drucker

415. “Capital formation is shifting from the entrepreneur who invests in the future to the pension trustee who invests in the past.”

— Peter F. Drucker

416. “Now that knowledge is taking the place of capital as the driving force in organizations worldwide, it is all too easy to confuse data with knowledge and information technology with information.”

— Peter F. Drucker

417. “You should not change yourself, but create yourself, that mean build around your strengths and removing bad habits.”

— Peter F. Drucker

418. “The dilemma of modern society: the conflict between the need for capital formation at a high rate and the popular condemnation of interest and dividends as “unearned income” and “capitalist,” if not as sinful and wicked.”

— Peter F. Drucker

419. “Businesses are not paid to reform customers. They are paid to satisfy customers.”

— Peter F. Drucker

420. “In the next economic downturn there will be an outbreak of bitterness and contempt for the supercorporate chieftains who pay themselves millions. In every major economic downturn in US history the villains have been the heroes during the preceding boom.”

— Peter F. Drucker

421. “I no longer think that learning how to manage people, especially subordinates, is the most important for executives to learn. I am teaching above all else, how to manage oneself.”

— Peter F. Drucker

422. “The honest work of yesterday has lost its social status, its social esteem.”

— Peter F. Drucker

423. “A success that has outlived its usefulness may, in the end, be more damaging than failure.”

— Peter F. Drucker

424. “Knowledge has become the key resource of the world economy.”

— Peter F. Drucker

425. “We can ill afford to have activities conducted as “non-profit,” that is, as activities that devour capital rather than form it, if they can be organized as activities that form capital, as activities that make a profit.”

— Peter F. Drucker

426. “Management and union may be likened to that serpent of the fables who on one body had two heads that fighting each other with poisoned fangs, killed themselves.”

— Peter F. Drucker

427. “The earlier changes are discerned, the earlier the opportunities they create can be converted into innovations.”

— Peter F. Drucker

428. “No decision has been made unless carrying it out in specific steps has become someone’s work assignment and responsibility.”

— Peter F. Drucker

429. “Here I am, fifty-eight, and I still don’t know what I’m going to be when I grow up.”

— Peter F. Drucker

430. “Our society has become an employee society.”

— Peter F. Drucker

431. “Management and entrepreneurship are only two different dimensions of the same task. An entrepreneur who does not learn how to manage will not last long. A management that does not learn to innovate will not last long.”

— Peter F. Drucker

432. “Salvation by society failed the most where it promised the most, in the communist countries. But it also failed in the West. Practically no government program enacted since the 1950s in the Western world – or in the communist countries – has been successful.”

— Peter F. Drucker

433. “One has to make a decision when a condition is likely to degenerate if nothing is done.”

— Peter F. Drucker

434. “But what stands out in Japanese history, as well as in today’s Japanese management behavior, is the capacity for making 180-degree turns – that is, for reaching radical and highly controversial decisions.”

— Peter F. Drucker

435. “The new always looks so puny-so unpromising-next to the reality of the massive, ongoing business.”

— Peter F. Drucker

436. “Thus, for those who are willing to go out into the field, to look and to listen, changing demographics is both a highly productive and a highly dependable innovation opportunity.”

— Peter F. Drucker

437. “In all recorded history there has not been one economist who has had to worry about where the next meal would come from.”

— Peter F. Drucker

438. “Brilliant men are often strikingly ineffectual. They fail to realize that the brilliant insight is not by itself achievement. They never have learned that insights become effectiveness only through hard systematic work.”

— Peter F. Drucker

439. “There is every indication that the period ahead will be an innovative one, one of rapid change in technology, society, economy, and institutions .”

— Peter F. Drucker

440. “And no matter how serious an environmental problem the automobile poses in today’s big city, the horse was dirtier, smelled worse, killed and maimed more people, and congested the streets just as much.”

— Peter F. Drucker

441. “The most important decisions in organizations are people decisions, and yet only the military, and only recently, has begun to ask, “If we assign this general to lead this base, what do we expect him to accomplish?””

— Peter F. Drucker

442. “Management must take the lead in making obsolete its own products and services rather than waiting for a competitor to do so.”

— Peter F. Drucker

443. “The fundamental reality for every worker, from sweeper to executive vice-president, is the eight hours or so that he spends on the job. In our society of organizations, it is the job through which the great majority has access to achievement, to fulfillment, and to community.”

— Peter F. Drucker

444. “Around here, I am only the guy who is responsible. If these men don’t know what to do when they run into an enemy in the jungle, I’m too far away to tell them. My job is to make sure they know. What they do depends on the situation which only they can judge. The responsibility is always mine, but the decision lies with whoever is on the spot.” In.”

— Peter F. Drucker

445. “3. Finally, don’t try to innovate for the future. Innovate for the present! An innovation may have long-range impact; it may not reach its full maturity until twenty years later.”

— Peter F. Drucker

446. “People alone of all the resources can grow and develop.”

— Peter F. Drucker

447. “Almost everybody today believes that nothing in economic history has ever moved as fast as, or had a greater impact than, the Information Revolution. But the Industrial Revolution moved at least as fast in the same time span, and had probably an equal impact if not a greater one.”

— Peter F. Drucker

448. “If “socialism” is defined as “ownership of the means of production” – and this is both the orthodox and the only rigorous definition – then the United States is the first truly Socialist country.”

— Peter F. Drucker

449. “Of those things that would make a difference, which are right for me?”

— Peter F. Drucker

450. “Capitalism is being attacked not because it is inefficient or misgoverned but because it is cynical. And indeed a society based on the assertion that private vices become public benefits cannot endure, no matter how impeccable its logic, no matter how great its benefits.”

— Peter F. Drucker