Business Quote by Peter Drucker
“Management and entrepreneurship are only two different dimensions of the same task. An entrepreneur who does not learn how to manage will not last long. A management that does not learn to innovate will not last long.”
About This Quote
Source Book: The Effective Executive, Peter Drucker, 1966
Management and entrepreneurship are interdependent; each must learn the other's skills to survive long-term.
In simple terms: Both require learning each other's skills.
Key Takeaway
Blend management and innovation.
Themes
leadership
innovation
entrepreneurship
management
Mood
determined
forward-looking
Type
advice
strategic
When to use this quote
- starting a business
- running a company
- career development
- team building
Key Concepts
systems thinking
organizational learning
risk management
Questions to Reflect On
- How can managers cultivate entrepreneurial mindsets?
- How can entrepreneurs improve managerial skills?
A Different Perspective
Balancing both can be difficult for specialists.
![“Hillary [Clinton] has a really broad approach to engaging people around policy precisely because she understands that there are so many different dimensions to each issue.” quote by Maya Harris](https://sms4smile.com/quotes/img-quotes/48d/maya-harris-37514_approach_hillary-clinton-has-a-really-broad-appro_229607.jpg)
![“[S]ometimes, when you are a food person, the possible irrelevance of what you are doing doesn’t cross your mind until it’s too late. (Once, for example, when I was just starting out in the food business, I was hired by the caper people to develop a lot of recipes using capers, and it was weeks of…” quote by Nora Ephron](https://sms4smile.com/quotes/img-quotes/d79/nora-ephron-1217_business_s-ometimes-when-you-are-a-food-person-th_980.jpg)
![“If the State does not acquire supremacy over [vast private] enterprises, it becomes their puppet, and they become the real State.” quote by Bertrand Russell](https://sms4smile.com/quotes/img-quotes/bad/bertrand-russell-69_acquire_if-the-state-does-not-acquire-supremacy_1379.jpg)