Every world has some sayings, some wise quotes that govern and manage the principles in a good way. The corporate world is no exception.
Peter Druker is one of those who are considered as the founders of a modern business corporation. Today we will mention his top ten business quotes that may change your business.
- Doing the right thing is more important than doing the thing right
This quote emphasizes the need of satisfying the business conscience. It means that whatever the businessman is going to do, he should himself be convinced about its righteousness in different regards.
It is quite obvious that if one is not convinced of an idea being worthy, how he would be ever motivated to reap maximum out of it.
- If you want something new, you have to stop doing something old
Humans as a specie are stubborn to their habits. Everyone wishes to make up something new, something remarkably unique without quite realizing that firstly the changes are to be made from the within.
In a business establishment, this becomes imperative for the individuals to shed the old crust and don new attire from time to time. If the businessman wants to do something unique of importance, then it can be only started by him working towards getting old and obsolete practices replaced by the new and in demand methods.
- There is nothing quite futile as doing with great efficiency something that should not be done at all
This quote underlines the need of minimizing wastage of resources.
For a firm to prosper, it is very much required that it concentrates its resources on something productive, instead of wasting men, money and time upon the comparatively nonproductive stuff.
How much so ever efficiently a job is done, if the end product is redundant and not useful then that effort is of no use, it is wastage of one’s capabilities which is not desirable at all.
- What gets measured gets improved.
This quote emphasizes the need for inspection in the operation of the business.
It is a fact that improvement in services and operation is essential to capture consumers. Constant inspection is as much as important as it acts as a motivation for the employees to work better. Also inspection allows the executives to find bout the exact state of matter in the business which will allow them to provide required maneuvering to bring out optimum results.
- Results are gained by exploiting opportunities, not just by solving problems
There are two ways of handling stuff; one involves taking each problem as it arrives and solving it and then waiting for the next to arrive. In the meantime, lying dormant and just making sure of the regular activities to go on smoothly.
While the second way involves seeking and exploiting opportunities that may in some way be adding to the operational efficacy. It is more of an attacking strategy.
The first approach is safe play and will though be able to hold on the business but if improvement is desired then second approach is more suitable as an offensive is more likely to bring success in the current market.
- So much of what we call management consists of making it difficult for people to work.
Everybody so much loves to hate their bosses for making their lives difficult. This has been the scene for far too long back and will be there for much later.
People are holding the top notch position whom we call the management are required to make decisions that though don’t look favorable to the employees are good for the firm.
It requires far-sightedness that makes the business to prosper.
- People who don’t take risks make about two big mistakes a year while, people who do take risks, generally make about two big mistakes a year.
This one is a bit tricky.
It simply explains how the safe players who avoid indulgence in risky endeavors are statistically no different from those who are adventurous in their approach.
Taking risk usually is more likely to help in the appraisal of a business and if playing safe is no different from taking risks, why not to go for the more lucrative option.
- Meetings are by definition a concession to a deficient organization. For one either can meet or can work. One cannot do both at the same time.
Meetings are very much the part of a business, but excess of them is just like pondering on something for too long and circling around the same idea.
It is better to do something and then provide its info rather than sitting on desks and making plans of getting the job started.
- Long-range planning does not deal with the future decisions, but with the future of present decisions.
Long term planning is confused with lucrative dreaming rather than far-sightedness.
All good businessmen should know that they have to harness the opportunities of present keeping in mind their future prospects rather than planning big for future options.
- Management is doing things right while Leadership is doing the right things.
Managing and leading are two different traits and only those understanding the underlying difference can take make their business to heights.