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

Knowledge has to be improved, challenged, and increased constantly, or it vanishes.

Knowledge has to be improved, challenged, and increased constantly, or it vanishes.

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

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

Plans are only good intentions unless they immediately degenerate into hard work.

Plans are only good intentions unless they immediately degenerate into hard work.

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.

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...

Efficiency is doing things right; effectiveness is doing the right things.

Efficiency is doing things right; effectiveness is doing the right things.

The most important thing in communication is hearing what isn't said.

The most important thing in communication is hearing what isn't said.

So much of what we call management consists in making it difficult for people to...

So much of what we call management consists in making it difficult for people to...

Never mind your happiness; do your duty.

Never mind your happiness; do your duty.

The purpose of a business is to create a customer.

The purpose of a business is to create a customer.

The best way to predict the future is to create it.

The best way to predict the future is to create it.

Rank does not confer privilege or give power. It imposes responsibility.

Rank does not confer privilege or give power. It imposes responsibility.

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,...

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...

Making good decisions is a crucial skill at every level.

Making good decisions is a crucial skill at every level.

Management by objective works - if you know the objectives. Ninety percent of the time...

Management by objective works - if you know the objectives. Ninety percent of the time...

The productivity of work is not the responsibility of the worker but of the manager.

The productivity of work is not the responsibility of the worker but of the manager.

The most efficient way to produce anything is to bring together under one management as...

The most efficient way to produce anything is to bring together under one management as...

My greatest strength as a consultant is to be ignorant and ask a few questions.

My greatest strength as a consultant is to be ignorant and ask a few questions.

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

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