"Without institution there is no management. But..." - Quote by Peter Drucker
Without institution there is no management. But without management there is no institution.
More by Peter Drucker
“Education gives you neither experience nor wisdom.”
“The problem in my life and other people's lives is not the absence of knowing what to do but the absence of doing it.”
“The three most charismatic leaders in this century inflicted more suffering on the human race than almost any trio in history: Hitler, Stalin, and Mao. What matters is not the leader's charisma. What matters is the leader's mission.”
More on Management
“The most common source of mistakes in management decisions is the emphasis on finding the right answer rather than the right question.”
“When we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever.”
“Motivation is simple. You eliminate those who are not motivated.”
More on Institutions
“I lose confidence in other people, all kinds of institutions.”
“As new discoveries are made, new truths discovered and manners and opinions change with the change of circumstances, institutions must advance also to keep pace with the times.”
“I am not an advocate for frequent changes in laws and constitutions, but laws and institutions must go hand in hand with the progress of the human mind.”