"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 prim… - Peter Drucker

"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.

English
Collect this quote

About Peter Drucker

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.

Biography information from Wikiquote

Also Known As

Native Name: Peter Ferdinand Drucker
Alternative Names: Peter F. Drucker
All quotes from Peter Drucker Similar Quotes by other Originators
Limited Time Offer

Premium members can get their quote collection automatically imported into their Quotewise collections.

Contact Us Get Premium

Additional quotes by Peter Drucker

There is nothing so useless as doing efficiently that which should not be done at all.
management
Find Similar
Try QuoteGPT

Chat naturally about what you need. Each answer links back to real quotes with citations.

Good executives focus on opportunities rather than problems. Problems have to be taken care of, of course; they must not be swept under the rug. But problem solving, however necessary, does not produce results. It prevents damage. Exploiting opportunities produces results.
This quote has a book source. Sign up to see titles and page references
Find Similar