Saturday, November 12, 2005

Some Pearls from Drucker

Drucker's quotes live on:

"Marketing is a fashionable term. The sales manager becomes a marketing vice president. But a gravedigger is still a gravedigger even when it is called a mortician - only the price of the burial goes up."

"One either meets or one works."

"The only things that evolve by themselves in an organization are disorder, friction and malperformance."

"Stock option plans reward the executive for doing the wrong thing. Instead of asking, 'Are we making the right decision?' he asks, 'How did we close today?' It is encouragement to loot the corporation."

Drucker termed Wall Street brokers "a totally non-productive crowd which is out for a lot of easy money."

"When you reach the point where the traders make more money than investors, you know it's not going to last"

"The average duration of a soap bubble is known. It's about 26 seconds. Then the surface tension becomes too great and it begins to burst. For speculative crazes, it's about 18 months."

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