Classic Quotes From Peter Drucker

Innovation is the specific instrument of entrepreneurship. The act that endows resources with a new capacity to create wealth.

There is nothing so useless as doing efficiently that which should not be done at all.

The best way to predict the future is to create it.

Suppliers and especially manufacturers have market power because they have information about a product or a service that the customer does not and cannot have, and does not need if he can trust the brand. This explains the profitability of brands.

Unless commitment is made there are only promises and hopes but no plans.

Efficiency is doing things right; effectiveness is doing the right things.