Checking the results of a decision against its expectations shows executives what their strengths are, where they need to improve, and where they lack knowledge or information.

Quote by Peter Drucker

Topics: Peter Drucker Quotes

Business, that's easily defined - it's other people's money.

Business, that's easily defined - it's other people's money.

We now accept the fact that learning is a lifelong process of keeping abreast of...

We now accept the fact that learning is a lifelong process of keeping abreast of...

Trying to predict the future is like trying to drive down a country road at...

Trying to predict the future is like trying to drive down a country road at...

Charisma becomes the undoing of leaders. It makes them inflexible, convinced of their own infallibility,...

Charisma becomes the undoing of leaders. It makes them inflexible, convinced of their own infallibility,...

There is nothing so useless as doing efficiently that which should not be done at...

There is nothing so useless as doing efficiently that which should not be done at...

Most of what we call management consists of making it difficult for people to get...

Most of what we call management consists of making it difficult for people to get...

Accept the fact that we have to treat almost anybody as a volunteer.

Accept the fact that we have to treat almost anybody as a volunteer.

Innovation is the specific instrument of entrepreneurship. The act that endows resources with a new...

Innovation is the specific instrument of entrepreneurship. The act that endows resources with a new...

The new information technology... Internet and e-mail... have practically eliminated the physical costs of communications.

The new information technology... Internet and e-mail... have practically eliminated the physical costs of communications.

Today knowledge has power. It controls access to opportunity and advancement.

Today knowledge has power. It controls access to opportunity and advancement.

The entrepreneur always searches for change, responds to it, and exploits it as an opportunity.

The entrepreneur always searches for change, responds to it, and exploits it as an opportunity.

A manager is responsible for the application and performance of knowledge.

A manager is responsible for the application and performance of knowledge.

The purpose of a business is to create a customer.

The purpose of a business is to create a customer.

Company cultures are like country cultures. Never try to change one. Try, instead, to work...

Company cultures are like country cultures. Never try to change one. Try, instead, to work...

Executives owe it to the organization and to their fellow workers not to tolerate nonperforming...

Executives owe it to the organization and to their fellow workers not to tolerate nonperforming...

Never mind your happiness; do your duty.

Never mind your happiness; do your duty.

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

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

The aim of marketing is to know and understand the customer so well the product...

The aim of marketing is to know and understand the customer so well the product...

My life has always been a series of challenges and I'm psychologically-prepared but this is...

My life has always been a series of challenges and I'm psychologically-prepared but this is...

We're obviously going to spend a lot in marketing because we think the product sells...

We're obviously going to spend a lot in marketing because we think the product sells...