Quotes by Peter Drucker

Profit is to a corporation what oxygen is to a person, necessary for its existence but not the reason for it.

the leader sees leadership as responsibility rather than as rank and privilege.

A manager's task is to make the strengths of people effective and their weakness irrelevant - and that applies fully as much to the manager's boss as it applies to the manager's subordinates.

Few people - and probably no one outside the executive suite - sees much reason for these very large executive compensations. There is little correlation between them and company performance.

It is better to pick the wrong priority than none at all.

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

what's absolutely unforgivable is the financial benefit top management people get for laying off people. There's no excuse for it. No justification. No explanation. This is morally and socially unforgivable, and we'll pay a very nasty price.

Almost everybody today believes that nothing in economic history has ever moved as fast as, or had a greater impact than, the Information Revolution. But the Industrial Revolution moved at least as fast in the same time span, and had probably an equal impact if not a greater one.

I would hope that American managers--indeed, managers worldwide--continue to appreciate what I have been saying almost from day one: that management is so much more than exercising rank and privilege, that it is much more than "making deals." Management affects people and their lives.

Management is doing things right; leadership is doing the right things.