657 Quotes by Peter Drucker

Business has only two basic functions - marketing and innovation.

The bеѕt wау tо predict уоur future іѕ tо create it.

What managers decide to stop doing is often more important than what they decide to do.

Most executives have learned that what one postpones, one actually abandons ... timing is a most important element in the success of any effort. To do five years later what would have been smart to do five years earlier, is almost a sure recipe for frustration and failure.

One cannot buy, rent or hire more time. The supply of time is totally inelastic. No matter how high the demand, the supply will not go up. There is no price for it. 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. All work takes place in, and uses up time. Yet most people take for granted this unique, irreplaceable and necessary resource.

In todays economy, the most important resource is no longer labor, capital or land; it is knowledge

One cannot manage change. One can only be ahead of it.

Promotion should not be more important than accomplishment, or avoiding instability more important than taking the right risk.

In the next economic downturn there will be an outbreak of bitterness and contempt for the supercorporate chieftains who pay themselves millions. In every major economic downturn in US history the villains have been the heroes during the preceding boom.