---
title: "10 Cost Quotes By Peter Drucker"
description: "10 Cost quotes by Peter Drucker. Plus more from Peter Drucker and more Cost sayings from other authors."
image: "https://sms4smile.com/quotes/i/e59/peter-drucker-393_accounting_balance-sheets-are-meaningless-our-accou_1492571.png"
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> [Balance Sheets are meaningless. Our accounting systems are still based on the assumption that 80% of costs are manual labor.](https://sms4smile.com/quotes/peter-drucker/balance-sheets-are-meaningless-our-accounting-systems-are-still-based/)

[Peter Drucker](https://sms4smile.com/quotes/author/peter-drucker/)

[Image](https://sms4smile.com/quotes/i/e59/peter-drucker-393_accounting_balance-sheets-are-meaningless-our-accou_1492571.png)

> [The computer actually may have aggravated management's degenerative tendency to focus inward on costs.](https://sms4smile.com/quotes/peter-drucker/the-computer-actually-may-have-aggravated-management-s-degenerative/)

[Peter Drucker](https://sms4smile.com/quotes/author/peter-drucker/)

[Image](https://sms4smile.com/quotes/i/d08/peter-drucker-393_aggravated_the-computer-actually-may-have-aggravate_75715.png)

> [Marketing and innovation produce results; all the rest are costs.](https://sms4smile.com/quotes/peter-drucker/marketing-and-innovation-produce-results-all-the-rest-are-costs/)

[Peter Drucker](https://sms4smile.com/quotes/author/peter-drucker/)

[Image](https://sms4smile.com/quotes/i/b82/peter-drucker-393_business-growth_marketing-and-innovation-produce-results_3236385.png)

> [Inside an organization there are only cost centers. The only profit center is a customer whose check has not bounced.](https://sms4smile.com/quotes/peter-drucker/inside-an-organization-there-are-only-cost-centers-the-only-profit/)

[Peter Drucker](https://sms4smile.com/quotes/author/peter-drucker/)

[Image](https://sms4smile.com/quotes/i/2f5/peter-drucker-393_checks_inside-an-organization-there-are-only-co_595127.png)

> [Marketing and innovation make money. Everything else is a cost.](https://sms4smile.com/quotes/peter-drucker/marketing-and-innovation-make-money-everything-else-is-a-cost/)

[Peter Drucker](https://sms4smile.com/quotes/author/peter-drucker/)

[Image](https://sms4smile.com/quotes/i/be6/peter-drucker-393_cost_marketing-and-innovation-make-money-ever_1632888.png)

> [There are only two things in a business that make money - innovation and marketing, everything else is cost.](https://sms4smile.com/quotes/peter-drucker/there-are-only-two-things-in-a-business-that-make-money-innovation/)

[Peter Drucker](https://sms4smile.com/quotes/author/peter-drucker/)

[Image](https://sms4smile.com/quotes/i/b4d/peter-drucker-393_business_there-are-only-two-things-in-a-business_1254779.png)

> [Because its purpose is to create a customer, the business enterprise has two - and only these two — basic functions: marketing…](https://sms4smile.com/quotes/peter-drucker/because-its-purpose-is-to-create-a-customer-the-business-enterprise/)

[Peter Drucker](https://sms4smile.com/quotes/author/peter-drucker/)

[Image](https://sms4smile.com/quotes/i/394/peter-drucker-393_business_because-its-purpose-is-to-create-a-custo_2576325.jpg)

> [Because its purpose is to create a customer, the business has two and only two functions: Marketing and Innovation. Marketing and Innovation…](https://sms4smile.com/quotes/peter-drucker/because-its-purpose-is-to-create-a-customer-the-business-has-two-and/)

[Peter Drucker](https://sms4smile.com/quotes/author/peter-drucker/)

[Image](https://sms4smile.com/quotes/i/a74/peter-drucker-393_business_because-its-purpose-is-to-create-a-custo_1839740.jpg)

> [One reason for the tremendous increase in health-care costs in the U.S. is managerial neglect of the "hotel services" by the people…](https://sms4smile.com/quotes/peter-drucker/one-reason-for-the-tremendous-increase-in-health-care-costs-in-the-u/)

[Peter Drucker](https://sms4smile.com/quotes/author/peter-drucker/)

[Image](https://sms4smile.com/quotes/i/6cf/peter-drucker-393_care_one-reason-for-the-tremendous-increase-i_4412.png)

> [The single most important thing to remember about any enterprise is that results exist only on the outside.The result of a business…](https://sms4smile.com/quotes/peter-drucker/the-single-most-important-thing-to-remember-about-any-enterprise-is-2/)

[Peter Drucker](https://sms4smile.com/quotes/author/peter-drucker/)

[Image](https://sms4smile.com/quotes/i/7ce/peter-drucker-393_business_the-single-most-important-thing-to-remem_610401.png)

## Other authors on Cost

## More by Peter Drucker

> [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…](https://sms4smile.com/quotes/peter-drucker/one-reason-for-the-tremendous-increase-in-health-care-costs-in-the-u/)

[Peter Drucker](https://sms4smile.com/quotes/author/peter-drucker/)

> [No executive has ever suffered because his subordinates were strong and effective.](https://sms4smile.com/quotes/peter-drucker/no-executive-has-ever-suffered-because-his-subordinates-were-strong/)

[Peter Drucker](https://sms4smile.com/quotes/author/peter-drucker/)

> [Results is all that separates one company from another.](https://sms4smile.com/quotes/peter-drucker/results-is-all-that-separates-one-company-from-another/)

[Peter Drucker](https://sms4smile.com/quotes/author/peter-drucker/)

> [“There is nothing so useless as doing efficiently that which should not be done at all. Peter Drucker”](https://sms4smile.com/quotes/peter-drucker/there-is-nothing-so-useless-as-doing-efficiently-that-which-should/)

[Peter Drucker](https://sms4smile.com/quotes/author/peter-drucker/)

> [Our society has become an employee society.](https://sms4smile.com/quotes/peter-drucker/our-society-has-become-an-employee-society/)

[Peter Drucker](https://sms4smile.com/quotes/author/peter-drucker/)

> [Replace your pursuit of success with the pursuit of contribution.](https://sms4smile.com/quotes/peter-drucker/replace-your-pursuit-of-success-with-the-pursuit-of-contribution/)

[Peter Drucker](https://sms4smile.com/quotes/author/peter-drucker/)

> [Management means, in the last analysis, the substitution of thought for brawn and muscle, of knowledge for folkways and superstition, and of cooperation for…](https://sms4smile.com/quotes/peter-drucker/management-means-in-the-last-analysis-the-substitution-of-thought-for/)

[Peter Drucker](https://sms4smile.com/quotes/author/peter-drucker/)

> [Don't try to innovate for the future. Innovate for the present!](https://sms4smile.com/quotes/peter-drucker/don-t-try-to-innovate-for-the-future-innovate-for-the-present/)

[Peter Drucker](https://sms4smile.com/quotes/author/peter-drucker/)

> [The critical question is not "How can I achieve?" but "What can I contribute?"](https://sms4smile.com/quotes/peter-drucker/the-critical-question-is-not-how-can-i-achieve-but-what-can-i/)

[Peter Drucker](https://sms4smile.com/quotes/author/peter-drucker/)

> [We can say with certainty - or 90% probability - that the new industries that are about to be born will have nothing to…](https://sms4smile.com/quotes/peter-drucker/we-can-say-with-certainty-or-90-probability-that-the-new-industries/)

[Peter Drucker](https://sms4smile.com/quotes/author/peter-drucker/)

> [When it rains manna from heaven, some people put up an umbrella. Others reach for a big spoon.](https://sms4smile.com/quotes/peter-drucker/when-it-rains-manna-from-heaven-some-people-put-up-an-umbrella-others/)

[Peter Drucker](https://sms4smile.com/quotes/author/peter-drucker/)

> [The enterprise can fulfill its human and social functions only if it prospers as a business.](https://sms4smile.com/quotes/peter-drucker/the-enterprise-can-fulfill-its-human-and-social-functions-only-if-it/)

[Peter Drucker](https://sms4smile.com/quotes/author/peter-drucker/)

> [The computer actually may have aggravated management's degenerative tendency to focus inward on costs.](https://sms4smile.com/quotes/peter-drucker/the-computer-actually-may-have-aggravated-management-s-degenerative/)

[Peter Drucker](https://sms4smile.com/quotes/author/peter-drucker/)

> [Nobody can predict the future; the idea is to have a firm grasp of the present.](https://sms4smile.com/quotes/peter-drucker/nobody-can-predict-the-future-the-idea-is-to-have-a-firm-grasp-of-the/)

[Peter Drucker](https://sms4smile.com/quotes/author/peter-drucker/)

> [An executive should be a realist; and no one is less realistic than the cynic.](https://sms4smile.com/quotes/peter-drucker/an-executive-should-be-a-realist-and-no-one-is-less-realistic-than/)

[Peter Drucker](https://sms4smile.com/quotes/author/peter-drucker/)

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