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

Quote by Peter Drucker

Topics: Managers Quotes

Suppliers and especially manufacturers have market power because they have information about a product or...

Suppliers and especially manufacturers have market power because they have information about a product or...

Checking the results of a decision against its expectations shows executives what their strengths are,...

Checking the results of a decision against its expectations shows executives what their strengths are,...

No institution can possibly survive if it needs geniuses or supermen to manage it. It...

No institution can possibly survive if it needs geniuses or supermen to manage it. It...

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

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

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...

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.

Most discussions of decision making assume that only senior executives make decisions or that only...

Most discussions of decision making assume that only senior executives make decisions or that only...

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...

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...

Objectives are not fate; they are direction. They are not commands; they are commitments. They...

Objectives are not fate; they are direction. They are not commands; they are commitments. They...

Unless commitment is made, there are only promises and hopes... but no plans.

Unless commitment is made, there are only promises and hopes... but no plans.

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...

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...

We can say with certainty - or 90% probability - that the new industries that...

We can say with certainty - or 90% probability - that the new industries that...

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

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

Never mind your happiness; do your duty.

Never mind your happiness; do your duty.

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.

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...

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

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

Few companies that installed computers to reduce the employment of clerks have realized their expectations......

Few companies that installed computers to reduce the employment of clerks have realized their expectations......