657 Quotes by Peter Drucker

Important decisions are risky. They should be controversial. Acclamation means that nobody has done the homework.

Inside an organization there are only cost centers. The only profit center is a customer whose check has not bounced.

No financial man will ever understand business because financial people think a company makes money. A company makes shoes, and no financial man understands that. They think money is real. Shoes are real.

The person who will make the greatest contribution to a company is the mature person-and you cannot have maturity if you have no life or interest outside the job.

The most efficient way to produce anything is to bring together under one management as many as possible of the activities needed to turn out the product.

The greatest change in corporate culture - and the way business is being conducted - may be the accelerated growth of relationships based... on partnership.

To make the future demands courage. It demands work. But it also demands faith.

For new technology to replace old, it has to have at least ten times the benefit.

The talk you hear about adapting to change is not only stupid, it's dangerous. The only way you can manage change is to create it.