Entrepreneurs believe that profit is what matters most in a new enterprise. But profit is secondary. Cash flow matters most. — Peter Drucker Copy Share Image
Time is the scarcest resource and unless it is managed nothing else can be managed. — Peter Drucker Copy Share Image
Results are obtained by exploiting opportunities, not by solving problems. — Peter Drucker Copy Share Image
There are just two questions to ask to attain success in business: First, "What business am I in?" Second, "How's business?" — Peter Drucker Copy Share Image
Marketing is not a function, it is the whole business seen from the customer's point of view. — Peter Drucker Copy Share Image
Profit is not the purpose of a business, but rather the test of its validity — Peter Drucker Copy Share Image
In all recorded history there has not been one economist who has had to worry about where the next meal would come… — Peter Drucker Copy Share Image
"Value added" is a meaningless concept for a retail business , for a bank, for a life insurance company, and for any… — Peter Drucker Copy Share Image
Profit for a company is like oxygen for a person. If you don't have enough of it, you're out of the game.… — Peter Drucker Copy Share Image
Marketing is not only much broader than selling, it is not a specialized activity at all. It encompasses the entire business. It… — Peter Drucker Copy Share Image
(Waste = Loss): The first rule of business is to survive and the guiding principle of business economics is not the maximisation… — Peter Drucker Copy Share Image
A business is not defined by its name, statutes, or articles of incorporation. It is defined by the business mission. Only a… — Peter Drucker Copy Share Image
What people in business think they know about the customer and market is likely to be more wrong than right...the customer rarely… — Peter Drucker Copy Share Image
No financial man will ever understand business because financial people think a company makes money. A company makes shoes, and no financial… — Peter Drucker Copy Share Image
Luck never built a business. Prosperity and growth come only to the business that systematically finds and exploits its potential. — Peter Drucker Copy Share Image
The success and ultimately the survival of every business, large or small, depends in the last analysis on its ability to develop… — Peter Drucker Copy Share Image
The single most important thing to remember about any enterprise is that results exist only on the outside.The result of a business… — Peter Drucker Copy Share Image
Innovation requires us to systematically identify changes that have already occurred in a business - in demographics, in values, in technology or… — Peter Drucker Copy Share Image
The greatest challenge to organizations is the balance between continuity and change. You need both. At different times, the balance is slightly… — Peter Drucker Copy Share Image
Capital formation is shifting from the entrepreneur who invests in the future to the pension trustee who invests in the past. — Peter Drucker Copy Share Image
The only things that evolve by themselves in an organization are disorder, friction and malperformance. — Peter Drucker Copy Share Image
In business school classrooms they construct wonderful models of a non- world. — Peter Drucker Copy Share Image
Because its purpose is to create a customer, the business enterprise has two - and only these two — basic functions: marketing… — Peter Drucker Copy Share Image
The final test of greatness in a CEO is how well he chooses a successor and whether he can step aside and… — Peter Drucker Copy Share Image
An employer has no business with a man's personality... The task is not to change personality, but to enable a person to… — Peter Drucker Copy Share Image
Some of the best business and nonprofit CEOs I've worked with over a sixty-five-year consulting career were not stereotypical leaders. They were… — Peter Drucker Copy Share Image
The most valuable assets of a 20th-century company were its production equipment. The most valuable assets of a 21st-century institution, whether business… — Peter Drucker Copy Share Image
The subordinate's job is not to reform or reeducate the boss, not to make him conform to what the business schools or… — Peter Drucker Copy Share Image
A business enterprise must continue beyond the lifetime of the individual or of the generation to be capable of producing its contributions… — Peter Drucker Copy Share Image
Business purpose and business mission are so rarely given adequate thought is perhaps the most important cause of business frustration and failure. — Peter Drucker Copy Share Image
Business exists to supply goods and services to customers and economic surplus to society, rather than to supply jobs to workers and… — Peter Drucker Copy Share Image
A business exists because the consumer is willing to pay you his money. You run a business to satisfy the consumer. That… — Peter Drucker Copy Share Image
The great challenge to management today is to make productive the tremendous new resource, the knowledge worker. This, rather than the productivity… — Peter Drucker Copy Share Image
The person who will make the greatest contribution to a company is the mature person-and you cannot have maturity if you have… — Peter Drucker Copy Share Image
Businesses once grew by one of two ways; grass roots up, or by acquisition... Today businesses grow through alliances - all kinds… — Peter Drucker Copy Share Image
One reason for the tremendous increase in health-care costs in the U.S. is managerial neglect of the "hotel services" by the people who dominate… — Peter Drucker Copy Share
No executive has ever suffered because his subordinates were strong and effective. — Peter Drucker Copy Share
“There is nothing so useless as doing efficiently that which should not be done at all. Peter Drucker” — Peter Drucker Copy Share
Management means, in the last analysis, the substitution of thought for brawn and muscle, of knowledge for folkways and superstition, and of cooperation for… — Peter Drucker Copy Share
The critical question is not "How can I achieve?" but "What can I contribute?" — Peter Drucker Copy Share
We can say with certainty - or 90% probability - that the new industries that are about to be born will have nothing to… — Peter Drucker Copy Share
When it rains manna from heaven, some people put up an umbrella. Others reach for a big spoon. — Peter Drucker Copy Share
The enterprise can fulfill its human and social functions only if it prospers as a business. — Peter Drucker Copy Share
The computer actually may have aggravated management's degenerative tendency to focus inward on costs. — Peter Drucker Copy Share
Nobody can predict the future; the idea is to have a firm grasp of the present. — Peter Drucker Copy Share
An executive should be a realist; and no one is less realistic than the cynic. — Peter Drucker Copy Share
