“The inventor of modern management”, Peter F. Drucker radically changed the way management, leadership, and entrepreneurship were discussed. Through his work as a writer, teacher, management consultant and thinker, and business visionary, he has managed to make a tremendous impact on the business world. Here we’ve collected 30 of his greatest quotes that will inspire you to think about management, entrepreneurship and leadership from another perspective.
- “Management is doing things right; leadership is doing the right things.”
- “Unless commitment is made, there are only promises and hopes; but no plans.”
- “Whenever you see a successful business, someone once made a courageous decision.”
- “There is nothing quite so useless, as doing with great efficiency, something that should not be done at all.”
- “Business has only two functions — marketing and innovation.”
- “People who don’t take risks generally make about two big mistakes a year. People who do take risks generally make about two big mistakes a year.”
- “Results are obtained by exploiting opportunities, not by solving problems.”
- “Plans are only good intentions unless they immediately degenerate into hard work.”
- “Innovation is the specific instrument of entrepreneurship…the act that endows resources with a new capacity to create wealth.”
- “The most serious mistakes are not being made as a result of wrong answers. The true dangerous thing is asking the wrong question.”
- “The best way to predict your future is to create it.”
- “If you want something new, you have to stop doing something old.”
- “The most important thing in communication is to hear what isn’t being said.”
- “No one learns as much about a subject as one who is forced to teach it.”
- “What gets measured gets improved.”
- “Strategy is a commodity, execution is an art.”
- “Effective leadership is not about making speeches or being liked; leadership is defined by results not attributes.”
- “There is only one valid definition of business purpose: to create a customer.”
- “Until we can manage time, we can manage nothing else.”
- “Entrepreneurship is “risky” mainly because so few of the so-called entrepreneurs know what they are doing.”
- “A person can perform only from strength. One cannot build performance on weakness, let alone on something one cannot do at all.”
- “Effectiveness must be learned.”
- “So much of what we call management consists of making it difficult for people to work.”
- “Meetings are by definition a concession to a deficient organization. For one either meets or one works. One cannot do both at the same time.”
- “Like so many brilliant people, he believes that ideas move mountains. But bulldozers move mountains; ideas show where the bulldozers should go to work.”
- “Long-range planning does not deal with the future decisions, but with the future of present decisions.”
- “Follow effective action with quiet reflection. From the quiet reflection will come even more effective action.”
- “Entrepreneurship is neither a science nor an art. It is a practice.”
- “Managers are action-focused; they are not philosophers and should not be.”
- “This defines entrepreneur and entrepreneurship – the entrepreneur always searches for change, responds to it, and exploits it as an opportunity.”
