657 Quotes by Peter Drucker

The postwar WWII GI Bill of Rights-and the enthusiastic response to it on the part of America's veterans-signaled the shift to the knowledge society. Future historians may consider it the most important event of the twentieth century. We are clearly in the midst of this transformation; indeed, if history is any guide, it will not be completed until 2010 or 2020. But already it has changed the political, economic and moral landscape of the world.

[Entrepreneurship] is by no means hunch or gamble. But it also is not precisely science. Rather, it is judgment.

If a business is to be considered a continuous process, instead of a series of disjointed stop-and-go events, then the economic universe in which a business operates-and all the major events within it-must have rhyme, rhythm, or reason.

Time is totally perishable and cannot be stored. Yesterday's time is gone forever, and will never come back. Time is always in short supply. There is no substitute for time. Everything requires time.

Concentration is the key to economic results. No other principles of effectiveness is violated as constantly today as the basic principle of concentration.

The correct assumption is that what individuals have learned by age twenty-one will begin to become obsolete five to ten years later and will have to be replaced-or at least refurbished-by new learning, new skills, new knowledge.

Increasingly, politics is not about "who gets what, when, how" but about values, each of them considered to be absolute. Politics is about "the right to life." It is about the environment. It is about gaining equality for groups alleged to be oppressed. None of these issues is economic. All are fundamentally moral.

The task of leadership is to create an alignment of strengths so strong that it makes the system's weaknesses irrelevant.

People who don't take risks generally make about 2 big mistakes a year. People who do take risks generally make about 2 big mistakes a year.