Skip to content

Financial "synergy" is a will-o'-the-wisp.It looks good on paper, but it fails to work out in practice.

— Peter Drucker MANAGEMENT: Tasks, Responsibilities, Practices (1973)

Another quote →

Topics

Finance

More quotes by Peter Drucker

The basic definition of the business and of its purpose and mission have to be translated into objectives.

MANAGEMENT: Tasks, Responsibilities, Practices (1973)

There is only one valid definition of a business purpose: to create a customer.

The Practice of Management (1954)

The purpose of an organization is to enable common men to do uncommon things.

MANAGEMENT: Tasks, Responsibilities, Practices (1973)

The only thing we know about the future is that it is going to be different.

MANAGEMENT: Tasks, Responsibilities, Practices (1973)

We have only one alternative: either to build a functioning industrial society or see freedom itself disappear in anarchy and tyranny.

The Future of Industrial Man (1942)

All Peter Drucker quotes →

You may also like

We must do away with the absolutely specious notion that everybody has to earn a living.

Buckminster Fuller

Economics is on the side of humanity now.

Isaac Asimov Empire novels (1950)

Since the state must necessarily provide subsistence for the criminal poor while undergoing punishment, not to do the same for the poor who have not offended is to give a premium on crime.

John Stuart Mill Principles of Political Economy (1848)

Economy, in the estimation of common minds, often means the absence of all taste and comfort.

Sydney Smith Lady Holland's Memoir (1855)

Attribution

Quote text and notes from Wikiquote: Peter Drucker (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.