Like many of you, I have been tremendously influenced by Peter Drucker. The other day I was reminded that it was the 50th anniversary of the publication of Drucker’s classic Managing for Results.
In that light, I pulled together my top-10 favorite Drucker quotes:
- There is nothing so useless as doing efficiently that which should not be done at all.
- Innovation is the specific instrument of entrepreneurship – the act that endows resources with a new capacity to create wealth.
- Management by objective works… if you know the objectives. Ninety percent of the time you don’t.
- Rank does not confer privilege or give power. It imposes responsibility.
- Unless commitment is made, there are only promises and hopes, but no plans.
- No institution can possibly survive if it needs geniuses or supermen to manage it. It must be organized in such a way as to be able to get along under a leadership composed of average human beings.
- Most of what we call management consists of making it difficult for people to get their work done.
- Efficiency is doing things right; effectiveness is doing the right things.
- Effective leadership is not about making speeches or being liked; leadership is defined by results not attributes.
- Management is doing things right; leadership is doing the right things.