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Peter F. Drucker Quotes: Small Business Management Strategies for Entrepreneurs

Today, I will be sharing with you some small business management strategies from the father of modern management; Peter F. Drucker. Peter F. Drucker is well respected in the business world for his shrewd, hard core business management tactics and he is willing to extend some of these business management strategies to us.

                Peter F. Drucker Quotes: Small Business Management Strategies for Entrepreneurs

 

1.            "In every success story, you will find someone who has made a courageous decision."

2.            "A manager is responsible for the application and performance of knowledge."

3.            "Checking the results of a decision against its expectations shows executives what their strengths are, where they need to improve and where they lack knowledge or information."

4.            "Company cultures are like country cultures, never try to change one. Try instead to work with what you've got."

5.            "Effective leadership is not about making great speeches or being liked, leadership is defined by results, not by attributes."

6.            "Efficiency is doing things right, effectiveness is doing the right things."

7.            "Executives owe it to the organization and to their fellow workers not to tolerate non performing individuals in important jobs."

8.            "Few companies that installed computers to reduce the employment of clerks have realized their expectations. They now need more and more expensive clerks even though they call them 'operators' or 'programmers."

9.            "Follow effective actions with quiet reflection. From the quiet reflection will come even more effective action."

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

Peter F. Drucker Quotes: Small Business Management Strategies for Entrepreneurs

 

11.          "Knowledge has to be improved, challenged and increased constantly or it vanishes."

12.          "Making good decisions is a crucial skill at every level."

13.          "Management by objective works, if you know the objectives. Ninety percent of the time, you don't."

14.          "Management is doing things right, leadership is doing the right things."

15.          "Most discussions of decision making assume that only senior executives make decisions or that only senior executives' decisions matter. This is a dangerous mistake."

16.          "Most of what we call management consists of making it difficult for people to get their work done."

17.          "My greatest strength as a consultant is to be ignorant and ask a few questions"

18.          "Never mind your happiness, do your duty."

19.          "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."

20.          "Plans are only good intentions unless they immediately degenerate into hard work."

Peter F. Drucker Quotes: Small Business Management Strategies for Entrepreneurs

 

21.          "Rank does not confer privilege or give power. It imposes responsibility."

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

23.          "Teaching is not the only major occupation of man for which we have not yet developed tools that make an average person capable of competence and performance. In teaching, we rely on the 'naturals,' the ones who somehow know how to teach."

24.          "The aim of marketing is to know and understand the customer so well that the products or service fits him and sells itself."

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

26.          "The computer is a moron."

27.          "The entrepreneur always searches for change, responds to it and exploits it as an opportunity."

28.          "The most efficient way to produce anything is to bring together under one management as many as possible of the activities needed to turn out the product."

29.          "The most important thing in communication is hearing what isn't said."

30.          "The new information technology; internet and email have practically eliminated the physical cost of communications."

Peter F. Drucker Quotes: Small Business Management Strategies for Entrepreneurs

 

31.          "The only thing we know about the future is that it will be different."

32.          "The productivity of work is not the responsibility of the worker but of the manager."

33.          "The purpose of a business is to create a customer."

34.          "Time is the scarcest resource and unless it is managed, nothing else will be managed."

35.          "Today knowledge has power. It controls access to opportunity and advancement."

36.          "Trying to predict the future is like trying to drive down a country road at night with no lights while looking out the back window."

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

38.          "We can say with certainty or 90% probability that the new industries that are about to be born have nothing to do with information."

39.          "We now accept the fact that learning is a lifelong process of keeping abreast of change and the most pressing task is to teach people how to learn."

40.          "When a subject becomes totally obsolete, we make it a required course."

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