Peter Ferdinand Drucker - "The Man who Invented Management"

Management is doing things right; leadership is doing the right things. - Peter F. Drucker.



















Peter Drucker Quotes:

·         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.

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

·         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.

·         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.

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

·         The computer is a moron.

·         The most important thing in communication is to hear what isn't being said.

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

·         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.

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

"Management" means, in the last analysis, the substitution of thought for brawn and muscle, of knowledge for folklore and superstition, and of cooperation for force.