45 Quotes By Peter Drucker


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

A manager is responsible for the application and performance of knowledge.
Peter Drucker on knowledge

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.
Peter Drucker on knowledge

Effective leadership is not about making speeches or being liked leadership is defined by results not attributes.
Peter Drucker on leadership

Management is doing things right leadership is doing the right things.
Peter Drucker on leadership

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 on leadership

Making good decisions is a crucial skill at every level.
Peter Drucker on leadership

No institution can possibly survive if it needs geniuses or supermen to manage it. It must be organized in such a way as to be able to get along under a leadership composed of average human beings.
Peter Drucker on leadership

We now accept the fact that learning is a lifelong process of keeping abreast of change. And the most pressing task is to teach people how to learn.
Peter Drucker on learning

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

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

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

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 on power

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

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 on teacher

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

Management by objective works - if you know the objectives. Ninety percent of the time you don't.
Peter Drucker on time

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

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 on trust

A manager is responsible for the application and performance of knowledge.
Peter Drucker on work