Innovation is the specific instrument of entrepreneurship. The act that endows resources with a new capacity to create wealth.
Quote by Peter Drucker
Peter Drucker Quotes
When a subject becomes totally obsolete we make it a required course.
We can say with certainty - or 90% probability - that the new industries that...
Accept the fact that we have to treat almost anybody as a volunteer.
So much of what we call management consists in making it difficult for people to...
A manager is responsible for the application and performance of knowledge.
Unless commitment is made, there are only promises and hopes... but no plans.
The purpose of a business is to create a customer.
Plans are only good intentions unless they immediately degenerate into hard work.
No institution can possibly survive if it needs geniuses or supermen to manage it. It...
Executives owe it to the organization and to their fellow workers not to tolerate nonperforming...
Teaching is the only major occupation of man for which we have not yet developed...
The only thing we know about the future is that it will be different.
Suppliers and especially manufacturers have market power because they have information about a product or...
Few companies that installed computers to reduce the employment of clerks have realized their expectations......
Making good decisions is a crucial skill at every level.
People who don't take risks generally make about two big mistakes a year. People who...
There is nothing so useless as doing efficiently that which should not be done at...
Everybody has accepted by now that change is unavoidable. But that still implies that change...
When you're finished changing, you're finished.
We change, whether we like it or not.