Peter Drucker Important Quotations

In todays economy, the most important resource is no longer labor, capital or land; it is knowledge

The only skill that will be important in the 21st century is the skill of learning new skills.Everythi ng else will become obsolete over time.

Every time you do something that is important, write down what you expect will happen.

An institution which is financed by a budget - or which enjoys a monopoly which the customer cannot escape - is rewarded for what it deserves rather than what it earns. It is paid for 'good intentions' and 'programs'. It is paid for not alienating important constituents rather than satisfying any one group. It is misdirected by the way it is being paid into defining performance and results as what will produce the budget rather than as what will produce contribution.

Our most important education system is in the employees' own organization.

What managers decide to stop doing is often more important than what they decide to do.

Promotion should not be more important than accomplishment, or avoiding instability more important than taking the right risk.

The most important contribution management needs to make in the 21st century is ... to increase the productivity of knowledge work and the knowledge worker

Important decisions are risky. They should be controversial. Acclamation means that nobody has done the homework.

The most important work of the executive is to identify the changes that have already happened. The important thing . . . is to exploit the changes that have already occurred and to use them as opportunities.

The single most important thing to remember about any enterprise is that there are no results inside its walls. The result of a business is a satisfied customer.

The single most important thing to remember about any enterprise is that results exist only on the outside.The result of a business is a satisfied customer. The result of a hospital is a satisfied patient. The result of a school is a student who has learned something and puts it to work ten years later. Inside an enterprise there are only costs.

Doing the right thing is more important than doing the thing right.

Business purpose and business mission are so rarely given adequate thought is perhaps the most important cause of business frustration and failure.

It's more important to do the right thing than to do things right.

The really important things are said over cocktails and are never done.