Peter Drucker

Peter Drucker was born in Vienna in 1909. He took his doctorate in public and international law while working as a newspaper reporter in Frankfurt, Germany. Drucker came to the United States in 1937. He began his teaching career as professor of politics and philosophy at Bennington College and then for over twenty years he was professor of management at the Graduate Business School of New York University. Peter Drucker is best known as a writer, teacher, and consultant specializing in strategy and policy for businesses.

“Executives owe it to the organization and to their fellow workers not to tolerate nonperforming individuals in important jobs.”

“Most discussions of decision making assume that only senior executives make decisions or that only senior executives' decisions matter. This is a dangerous mistake.”

“Suppliers and especially manufacturers have market power because they have information about a product or a service that the customer does not and cannot have, and does not need if he can trust the brand. This explains the profitability of brands.”

“The new information technology... Internet and e-mail... have practically eliminated the physical costs of communications.”

“The purpose of business is to create and keep a customer.”
- Peter Drucker

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