Peter Drucker Quotes

American business consultant (1909–2005)

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Peter Ferdinand Drucker (November 19 1909 – November 11 2005) was an Austrian-born American writer, management consultant and university professor. In 1943 he became a naturalized citizen of the United States. He taught at New York University and Claremont Graduate University respectively.

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Native Name: Peter Ferdinand Drucker

Alternative Names: Peter F. Drucker

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"Value added" is a meaningless concept for a retail business , for a bank, for a life insurance company, and for any other business which is not primarily engaged in manufacturing.

There is a point at which a transformation has to take place.

Top management as a function and as a structure was first developed by Georg von Siemens (1839-1901) in Germany between 1870 and 1880, when he designed and built the Deutsche Bank and made it, within a very few years, into continental Europe's leading and most dynamic financial institution.

The rule should be to minimize the need for people to get together to accomplish anything.

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 the hospital, such as doctors and nurses.

The first organization structure in the modern West was laid down in the canon law of the Catholic Church eight hundred years ago.

The tool user, provided the tool is made well, need not, and indeed should not, know anything about the tool.

Communication is always "propaganda." The emitter always wants "to get something across."

Executives do many things in addition to making decisions. But only executives make decisions. The first managerial skill is, therefore, the making of effective decisions.

The purpose of an organization is to enable common men to do uncommon things.

A superior who works on his own development sets an almost irresistible example.

To be a manager requires more than a title, a big office, and other outward symbols of rank. It requires competence and performance of a high order.

The worker's effectiveness is determined largely by the way he is being managed.

We do not need more laws. No country suffers from a shortage of laws. We need a new model.

The manager is a servant. His master is the institution he manages and his first responsibility must therefore be to it.