All economic activity is by definition "high risk." And defending yesterday--that is, not innovating--is far more risky than making tomorrow.
- Peter Drucker
More Quotes By Peter Drucker
- One cannot buy, rent or hire more time. The supply of time is totally inelastic. No matter how...
- Strategic planning is the continuous process of making present entrepreneurial (risk-taking) decisions systematically and with the greatest knowledge...
- The great challenge to management today is to make productive the tremendous new resource, the knowledge worker. This,...
- Meetings are by definition a concession to deficient organization. For one either meets or one works.
- The basic definition of the business and of its purpose and mission have to be translated into objectives.
- There is the risk you cannot afford to take, and there is the risk you cannot afford not...
- The honest work of yesterday has lost its social status, its social esteem.
- The greatest danger in times of turbulence is not the turbulence; it is to act with yesterday’s logic.
- Innovation requires us to systematically identify changes that have already occurred in a business – in demographics, in...
- Time is totally perishable and cannot be stored. Yesterday’s time is gone forever, and will never come back....
- The basic economic resource – the means of production –
is no longer capital, nor natural resources, nor labor.
It...
- Marketing is not only much broader than selling, it is not a specialized activity at all. It encompasses...
- There is no perfect strategic decision. One always has to pay a price. One always has to balance...
- Making good decisions is a crucial skill at every level.
- Most of what we call management consists of making it difficult for people to get their work done.
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