Peter Drucker

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

Quotes

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The great majority of executives tend to focus downward. They are occupied with efforts rather than with results. The effective executive focuses on contribution. He looks outward towards goals.

The Effective Executive (1967)
There are a lot of companies around that need to be restructured and split up, that never had a justification for being.

Interview, Time (1990)
Whenever anything is being accomplished, it is being done, I have learned, by a monomaniac with a mission.

Adventures of a Bystander (1979)
Edison didn't invent the light bulb...Edison invented the electric industry.

Interview, Hot Wired (August 1996)
Most executives have learned that what one postpones, one actually abandons...timing is a most important element in the success of any effort, lb do five years later what would have been smart to do five years earlier, is almost a sure recipe for frustration and failure.

The Effective Executive (1967)
Enterprises are paid to create wealth, not control costs.

Harvard Business Review (January/February 1995)
Dealmaking beats working. Dealmaking is exciting and fun, and working is grubby.

Interview, Time (1990)
Wage is determined, in the last result, by the consumer, without regard to the needs or expectations of the worker.

Management (1974)
No other area offers richer opportunities for successful innovation than the unexpected success.

Innovation and Entrepreneurship (1993)
If you want something new, you have to stop doing something old.
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