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Peter Drucker

Peter Drucker Quotes

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Famous Peter Drucker Quotes

“What is the manager's job? It is to direct the resources and the efforts of the business toward opportunities for economically significant results. This sounds trite - and it is. But every analysis of actual allocation of resources and efforts in business that I have ever seen or made showed clearly that the bulk of time, work, attention, and money first goes to problems rather than to opportunities, and, secondly, to areas where even extraordinarily successful performance will have minimal impact on results.”

“Managers are agents of transformation, converting the workforce in developed countries from one of manual workers to one of highly educated knowledge workers.”

“Innovative efforts should never report to line managers charged with responsibility for ongoing operations. The new project is an infant and will remain one for the foreseeable future, and infants belong in the nursery. The 'adults', that is, the executives in charge of existing businesses or products will have neither the time nor understanding for the infant.”

“Management is doing things right; leadership is doing the right things.”

“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.”

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

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

“There is no reason to believe that the people who staff the managerial and professional positions in our service institutions are any less qualified, any less competent or honest, or any less hard-working than the men who manage businesses. Conversely, there is no reason to believe that business managers, put in control of service institutions, would do better than the 'bureaucrats'. Indeed, we know that they immediately become bureaucrats themselves.”