Peter Drucker

Austria
19 Nov 1909 // 11 Nov 2005
Management Consultant / Educator / Author

Quotes

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The measure of innovation is its impact on the environment.

Speech (April 1992)
Knowledge applied to existing processes, services and products is productivity; knowledge applied to the new is innovation.

Interview, Hot Wired (July/August 1993)
The most successful innovators are the creative imitators, the number two.

Interview, Hoi Wired (August 1996)
Innovation is the specific instrument of entrepreneurship... the act that endows resources with a new capacity to create wealth.

Innovation and Entrepreneurship (1985)
Knowledge-based innovation has the longest lead time of all innovations.

Innovation and Entrepreneurship (1993)
Businessmen will have to learn to build and manage innovative organizations.

The Age of Discontinuity: Guidelines to Our Changing Society (1969)
Leadership is all hype. We've had three great leaders in this century: Hitler, Stalin, and Mao.

Fortune (February 1994)
Marketing is not a function, it is the whole business seen from the customer's point of view.

Quoted in Business Studies (lan Marcouse et al.; 2000)
All great change in business has come from outside the firm, not from inside.
Organizations that are change leaders are designed for change. But people need continuity...they do not function well if the environment is not predictable, not understandable, not known.

Management Challenges for the 21st Century (1999)
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On Anger: "For every minute you remain angry, you give up sixty seconds of peace of mind."
Essays
On Destiny: "Our destiny exercises its influence over us even when, as yet, we have not learned its nature: it is our future that lays down the law of our today."
Human, All Too Human
On Friendship: "A crowd is not company; and faces are but a gallery of pictures; and talk but a tinkling cymbal, where there is no love."
Essays