Leadership is not rank, privileges, title or money. It is responsibility. Peter Drucker More Quotes by Peter Drucker More Quotes From Peter Drucker Time is totally perishable and cannot be stored. Yesterday's time is gone forever, and will never come back. Time is always in short supply. There is no substitute for time. Everything requires time. Peter Drucker yesterday forever time Profit is not the purpose of a business, but rather the test of its validity Peter Drucker profit tests purpose The basic economic resource - the means of production - Peter Drucker learning mean knowledge Innovation opportunities do not come with the tempest but with the rustling of the breeze. Peter Drucker tempest innovation opportunity You cannot predict the future, but you can create it. Peter Drucker I'm a writer. I could not or would not ever run a business. I don't even have a secretary. And contrary to some of the stereotypes, entrepreneurs are not loners. I am. Peter Drucker loner entrepreneur running Businesses once grew by one of two ways; grass roots up, or by acquisition... Today businesses grow through alliances - all kinds of dangerous alliances. Joint ventures and customer partnerings which, by the way, very few people understand. Peter Drucker war two art The essence of management is to make knowledge productive. Peter Drucker productive essence management It takes far less energy to move from first-rate performance to excellence than it does to move from incompetence to mediocrity. Peter Drucker excellence energy moving 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. Peter Drucker effectiveness wise together Once a year ask the boss, "What do I or my people do that helps you to do your job?" and "What do I or my people do that hampers you?" Peter Drucker jobs people years All economic activity is by definition "high risk." And defending yesterday--that is, not innovating--is far more risky than making tomorrow. Peter Drucker definitions risk yesterday As with every phenomenon of the objective universe, the first step toward understanding work is to analyze it. Peter Drucker understanding steps firsts The organization is, above all, social. It is people. Peter Drucker organization social people Most of what you hear about entrepreneurshi p is all wrong. It's not magic; it's not mysterious; and it has nothing to do with genes. It's a discipline and, like any discipline, it can be learned. Peter Drucker mysterious magic discipline You can either take action, or you can hang back and hope for a miracle. Miracles are great, but they are so unpredictable. Peter Drucker motivational positive thinking The best way to predict the future is to create it. Peter Drucker motivational inspirational life There is one qualification the manager cannot acquire but must bring to the task. It is not genius; it is character. Peter Drucker tasks genius character Erroneous assumptions can be disastrous. Peter Drucker assumption decision thinking What the customer buys and considers value is never a product. It is always utility, that is, what a product or a service does for the customer. Peter Drucker utility customers doe