06/09/2021

35 tweets of Peter Drucker on Management, Purpose and Innovation

[From the book: Peter F. Drucker, The Essential Drucker, Collins Business Essentials, 2009]

  1. The fundamental task of management remains the same: to make people capable of joint performance through common goals, common values, the right structure, and the training and development they need to perform and to respond to change (4)
  2. The emergence of management has converted knowledge from social ornament and luxury into the true capital of any economy (5)
  3. Not to innovate is the single largest reason for the decline of existing organizations. Not to know how to manage is the single largest reason for the failure of new ventures (8)
  4. The evolution and history of management— its successes as well as its problems— teach that management is, above all else, based on a very few, essential principles (10)
  5. Management is about human beings. Its task is to make people capable of joint performance, to make their strengths effective and their weaknesses irrelevant (10)