657 Quotes by Peter Drucker

A business is not defined by its name, statutes, or articles of incorporation. It is defined by the business mission. Only a clear definition of the mission and purpose of the organization makes possible clear and realistic business objectives.

Follow effective action with quiet reflection.

The key to greatness is to look for people's potential and spend time developing it.

There is no perfect strategic decision. One always has to pay a price. One always has to balance conflicting objectives, conflicting opinions, and conflicting priorities. The best strategic decision is only an approximation - and a risk.

Efficiency is doing things right; effectiveness is doing the right things.

Production is not the application of tools to materials, but logic to work.

What gets measured gets managed.

The leader sees leadership as responsibility rather than as rank and privilege.

Look at government programs for the past fifty years. Every single one - except warfare - achieved the exact opposite of its announced goal.