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.
Peter Drucker

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

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

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

Suppliers and especially manufacturers have market power because they have information about a product or a service that the customer does not and cannot have, and does not need if he can trust the brand. This explains the profitability of brands.
Peter Drucker

Teaching is the only major occupation of man for which we have not yet developed tools that make an average person capable of competence and performance. In teaching we rely on the "naturals," the ones who somehow know how to teach.
Peter Drucker

The aim of marketing is to know and understand the customer so well the product or service fits him and sells itself.
Peter Drucker

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

The computer is a moron.
Peter Drucker

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

The most efficient way to produce anything is to bring together under one management as many as possible of the activities needed to turn out the product.
Peter Drucker

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

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

The only thing we know about the future is that it will be different.
Peter Drucker

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

The purpose of a business is to create a customer.
Peter Drucker

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

Time is the scarcest resource and unless it is managed nothing else can be managed.
Peter Drucker

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

Trying to predict the future is like trying to drive down a country road at night with no lights while looking out the back window.
Peter Drucker