"Management and entrepreneurship are only two different..." - Quote by Peter Drucker
Management and entrepreneurship are only two different dimensions of the same task. An entrepreneur who does not learn how to manage will not last long. A management that does not learn to innovate will not last long.
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“Surround yourself with the best people you can find, delegate authority, and don't interfere as long as the policy you've decided upon is being carried out.”
“Time is the capital of your life, so spend it wisely.”
“There are on occasions, as we know, when resources are abundant, but they are expended so incompetently that the advantage is nullified.”
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“Unless you've a lot of passion about this, you're not gonna survive. You're gonna give it up. So you've got to have an idea or a wrong that you want to right that you're passionate about, otherwise you're not gonna have the perseverance to stick it through. I think it's half the battle right there.”
“Entrepreneurship rests on a theory of economy and society. The theory sees change as normal and indeed as healthy. And it sees the major task in society – and especially in the economy – as doing something different rather than doing better what is already being done. This is basically what Say, two hundred years ago, meant when he coined the term entrepreneur.”
“[Entrepreneurship] is by no means hunch or gamble. But it also is not precisely science. Rather, it is judgment.”