Quotes By Peter Drucker

Today knowledge has power. It controls access to opportunity and advancement.

Never mind your happiness; do your duty.

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

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.

Unless commitment is made, there are only promises and hopes... but no plans.

A manager is responsible for the application and performance of knowledge.

Management is doing things right; leadership is doing the right things.

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.'

The purpose of a business is to create a customer.

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

Plans are only good intentions unless they immediately degenerate into hard work.

The most important thing in communication is hearing what isn't said.

Rank does not confer privilege or give power. It imposes responsibility.

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.