657 Quotes by Peter Drucker

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

In a few hundred years, when the history of our time will be written from a long-term perspective, it is likely that the most important event historians will see is not technology, not the Internet, not e-commerce. It is an unprecedented change in the human condition. For the first time – literally – substantial and rapidly growing numbers of people have choices. For the first time, they will have to manage themselves. And society is totally unprepared for it.

The best way to predict your future is to create it

The purpose of business is to create and keep a customer.

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

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

The leaders who work most effectively, it seems to me, never say "I." And that's not because they have trained themselves not to say "I." They don't think "I." They think "we"; they think "team." They understand their job to be to make the team function. They accept responsibility and don't sidestep it, but "we" gets the credit. This is what creates trust, what enables you to get the task done.

People in any organization are always attached to the obsolete - the things that should have worked but did not, the things that once were productive and no longer are.

Profit for a company is like oxygen for a person. If you don't have enough of it, you're out of the game. But if you think your life is about breathing, you're really missing something.