 |
A business management has failed if it fails to produce economic results. It has failed if it does not supply goods and services desired by the consumer at a price the consumer is willing to pay.
|
027 |
 |
Management is not just a creature of the economy; it is a creator as well. And only the ethe extent to which it masters the economic circumstances, and alters them by consciously directed action, does it really manage.
|
027 |
 |
To manage a business means, therefore, to manage by objectives.
|
027 |
 |
When we speak of growth and development, we imply that the human being himself determines what he contributes.
|
028 |
 |
…if work and worker are grossly mismanaged, there will be no economic performance, no matter how good the chief executive may be in managing the business.
|
030 |
 |
Managers also have to be entrepreneurs. The have to redirect resources from areas of low or diminishing results to areas of high or increasing results… They have to create tomorrow.
|
031 |
 |
Effectiveness is the foundation of success – efficiency is a minimum condition for survival after success has been achieved.
|
032 |
 |
Making the business of tomorrow cannot be a flash of genius. It requires systematic analysis and hard, rigorous work today – and that means by people in today’s business and operating within it.
|
032 |
 |
The perpetuation of a business is a central entrepreneurial task – and ability to do so may well be the most definitive test of a management.
|
032 |
 |
Knowledge workers, whatever their sex, are professionals, applying the same knowledge, doing the same work, governed by the same standards, and judged by the same results.
|
040 |
