Peter Drucker Ð Thoughts on Business from "the Man Who Invented Management." 2006 Qtr 1
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Peter Drucker – Thoughts on Business from “the Man Who Invented Management.” |
Peter Drucker, widely acclaimed as the most important management thinker, and author of 40 books including “The Concept of the Corporation”, died November 11, 2005, a few days shy of his 96th birthday. Following are a few of his sayings that have been inspirational for us over the years.
“Price is a function of the marketplace. Cost is a function of internal efficiency.”
“What is our business? Who is our customer? What does the customer value?”
“One either meets or one works.”
“Journalists use the word ‘guru’ only because ‘charlatan’ is too long.”
“Management is the organ that converts a mob into an organization, and human efforts into performance.”
“At the inception of a business, the question of ‘what is our business?’ cannot be raised meaningfully. The man who mixes up a new cleaning fluid and peddles it door to door need not know more than that his mixture does a superior job taking stains out of rugs. But when the product catches on; when he has to hire people to mix it and to sell it; when he has to decide whether to keep on selling it directly or through retail stores; what additional products he needs for a full line; then he has to answer the question ‘what is my business?’. If he fails to answer it when successful, he will, even with the best products, soon be back peddling door to door.”
“The best way to predict the future is to create it.”
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