Like many of you, I have been tremendously influenced by Peter Drucker. The other day I was reminded that it was the 50th anniversary of the publication of Drucker’s classic Managing for Results.

In that light, I pulled together my top-10 favorite Drucker quotes:

1. There is nothing so useless as doing efficiently that which should not be done at all.
2. Innovation is the specific instrument of entrepreneurship – the act that endows resources with a new capacity to create wealth.
3. Management by objective works… if you know the objectives. Ninety percent of the time you don’t.
4. Rank does not confer privilege or give power. It imposes responsibility.
5. Unless commitment is made, there are only promises and hopes, but no plans.
6. No institution can possibly survive if it needs geniuses or supermen to manage it. It must be organized in such a way as to be able to get along under a leadership composed of average human beings.
7. Most of what we call management consists of making it difficult for people to get their work done.
8. Efficiency is doing things right; effectiveness is doing the right things.
9. Effective leadership is not about making speeches or being liked; leadership is defined by results not attributes.
10. Management is doing things right; leadership is doing the right things.

• Jun-27-2014
• CEO,Management,startups