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Peter F. Drucker quotes

Peter F. Drucker
American business consultant

Peter Ferdinand Drucker was an Austrian-American management consultant, educator, and author, whose writings contributed to the philosophical and practical foundations of the modern business corporation. He was also a leader in the development of management education, he invented the concept known as management by objectives and self-control, and he has been described as "the founder of modern management".
Reference: Wikipedia


Peter F. Drucker Quotes Page 2

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Quality in a product or service is not what the supplier puts in. It is what the customer gets out and is willing to pay for. A product is not quality because it is hard to make and costs a lot of money, as manufacturers typically believe. This is incompetence. Customers pay only for what is of use to them and gives them value. Nothing else constitutes quality.
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Time is the scarcest resource and unless it is managed nothing else can be managed.
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Management is not being brilliant. Management is being conscientious.
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Whenever you see a successful business, someone once made a courageous decision.
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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.


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Unless commitment is made, there are only promises and hopes ... but no plans.
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A business exists because the consumer is willing to pay you his money. You run a business to satisfy the consumer. That isn't marketing. That goes way beyond marketing.

           

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