Peter Drucker

Since we live in an age of innovation, a practical education must prepare a man for work that does not yet exist and cannot yet be clearly defined.

Peter Drucker

Still, entrepreneurial strategy remains the decision-making area of entrepreneurship and therefore the risk-taking one. It is by no means hunch or gamble. But it also is not precisely science. Rather, it is judgement.

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 companies that refused to make hard choices, or refused to admit that anything much was happening, fared badly. If they survive, it is only because their respective governments will not let them go under.

Peter Drucker

The computer actually may have aggravated management’s degenerative tendency to focus inward on costs.

Peter Drucker

The concept of profit maximization is, in fact, meaningless.

Peter Drucker

The correct assumption is that what individuals have learned by age twenty-one will begin to become obsolete five to ten years later and will have to be replaced-or at least refurbished-by new learning, new skills, new knowledge.

Peter Drucker

The critical factor of a problem is the element that has to be changed before anything else can be changed.

Peter Drucker

The danger is in acting on what you believe satisfies the customer. You will inevitably make wrong assumptions. Leadership should not even try to guess at the answers; it should always go to customers in a systematic quest for those answers.

Peter Drucker

The days of the ‘intuitive’ manager are numbered.

Peter Drucker