Peter Ferdinand Drucker was a famous Austrian management consultant, educator, and author. His writings are mostly focused on developing the foundations for the modern business corporation. He was a leader in the management industry. He is also described as the founder of modern management. In the management studies, he invented two broader concepts: Management by objectives and self-control. In 1959, He coined the term knowledge worker, where further life in management is all about knowledge worker productivity.
Peter Drucker was awarded the presidential medal of freedom in the year 2002. He wrote one of his famous books in the management field titled The Practice of Management in the year 1954. This book gains the most popular and considered as most Influential books in the 20th century. Later on, Drucker was named the world's most influential business thinker on the Thinkers50.com list. Drucker is famous with different names among the people. Drucker as a consultant, Drucker as Teacher, Drucker as Writer And Drucker As Guru. Below are some of the famous Peter Drucker Quotes.
Management is doing things right; leadership is doing the right things.
This quote is management related and this implies that a leader is a person who decides what to do while a manager decides how to do things. The management follows the achievement of the strategic goals while the leadership follows the ideal tools & techniques to achieve the goals.
The best way to predict the future is to create it.
The world is not predictable, and you need not predict your future. The only thing you can do is create and work for your future to live an incredible life.
There is nothing so useless as doing efficiently that which should not be done at all.
This quote means that there are things that we thought to be done efficiently or capably. But, the thing is, it is irrelevant to do. You need to focus on the relevant things and on which you can focus with full efficiency and effort.
The most important thing in communication is to hear what isn't being said.
This quote means that the quality of your relationship depends on the quality of your communications. You need to build up your good communication skills for the development of management skills. The sales and growth of your business are fully focused on the quality of your communications.
Whenever you see a successful business, someone once made a courageous decision.
This quote means that a person with courage can face any kind of difficulty, danger, pain without fear. A successful business needs a lot of effort and needs a person full of courage. Business is not all about profits. It is a journey with lots of gains and losses. A courageous person can meet all these struggles.
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The entrepreneur always searches for change, responds to it, and exploits it as an opportunity.
This quote means that entrepreneurs are always look out for change as a healthy norm and see and take advantage of it. If things are not changing, there is no growth. Changes welcome the opportunity.
The purpose of a business is to create a customer.
This management related quote means that the customer is the foundation of the management industry or the business. The growth of your business depends on the customers. The whole existence of a business depends on the customers.
Marketing aims to know and understand the customer so well the product or service fits him and sells itself.
This reasonably is perfectly said by Ducker. This means that the business is dependent on the customer, or we can say the business's profit depends on the customer. Before carrying out the marketing strategy, first, you need to understand your customers what they needed for their work. If the customer engaged with your business, your product starts selling itself without advertising.
Plans are only good intentions unless they immediately degenerate into hard work.
This quote means that there is no power in the plans if they do not come on a practical basis. You need to work for your actions. Plans are just for the sake of viewing. Plans must result in the transformation and go away, but actions are not.
Effective leadership is not about making speeches or being liked; leadership is defined by results not attributes.
This quote depicts the simple meaning. Leadership is defined by the results, not by the physical characteristics of the person. You will be a great leader when you achieve something great in your life. Your actions speak about your leadership qualities.
Knowledge has to be improved, challenged, and increased constantly, or it vanishes.
This quote means that knowledge is like growing beautiful hair. You need to care for them, oil them for getting good and shiny hair. If not, then they start damaging. The same applies to knowledge. You need to grasp the knowledge with good improvement and challenges. This ultimately results in the increment of knowledge. If not, it starts vanishing continuously.
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If you want something new, you have to stop doing something old.
This quote means that something old is related to your negative mindset with the known things. You know about everything if you are doing something old. Every drill is known to you.IF you are thinking about doing something new, firstly stop doing things that are old enough.
Unless commitment is made, there are only promises and hopes; but no plans.
This quote means that life is all about commitments. If commitments are made, it is carried forward to make plans and then actions. But, if the commitments are not made, the whole thing relies upon thousands of hopes and promises.
No one learns as much about a subject as one who is forced to teach it.
This quote is the reason behind of coach as a different person. A teacher who is forced to teach a subject again and again learns and gains a lot more information than the one who is already the expert in the subject. This is because a new person tried to understand from the first step and move step by step.
Business has only two functions — marketing and innovation.
Both Marketing and Innovation is the basis of the business. The results are shown based on marketing while the other things are included in the business cost only. Marketing acts as the distinguishing and unique feature of business, resulting in inevitable growth if carried forward with innovations.
Few more Peter Drucker Quotes..
Rank does not confer privilege or give power. It imposes responsibility.
This quote means that the higher you rank, the more power of influence you have within. Rank doesn't bring power or privileges only. The main thing is that it brings a lot of responsibilities for you. You need to prove your rank.
When a subject becomes totally obsolete we make it a required course.
This quote means that when something new is invented which is much more desirable than the existing thing. The old one changes into the required course. This ultimately solves the problem of the time being.
Strategy is a commodity, execution is an art.
This quote means that commodities are for selling and is responsible for the success of the company. The same thing applied to strategy. The strategy is responsible for success, but the execution of the strategy is the result, and it is the result of a successful one.
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.
This quote explains that the future is not predictable even you tried a lot. This is the same as driving in the night with no lights. You cannot see anything in the business if you sit and predict the future of your business. The future of the future is unpredictable and also inevitable. Therefore, the business is only carried out by a courageous person.
So much of what we call management consists of making it difficult for people to work.
This quote explains the reality of the management industry. The meaning of the management industry is quite contradictory to it. Management people are hard to manage. Non- Management people are easier to manage, leading to a contradictory explanation of the statement.
