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"Rank does not confer privilege or give power. It imposes responsibility."
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"Only when the lion is out of sight can you raise your fist at him."

"The power of imagination is a miracle."
Explore more quotes by Peter Drucker

"Management by objective works - if you know the objectives. Ninety percent of the time you don't."

"Few companies that installed computers to reduce the employment of clerks have realized their expectations... They now need more, and more expensive clerks even though they call them 'operators' or 'programmers.'"

"Checking the results of a decision against its expectations shows executives what their strengths are, where they need to improve, and where they lack knowledge or information."

"Suppliers and especially manufacturers have market power because they have information about a product or a service that the customer does not and cannot have, and does not need if he can trust the brand. This explains the profitability of brands."

"We can say with certainty - or 90% probability - that the new industries that are about to be born will have nothing to do with information."

"Follow effective action with quiet reflection. From the quiet reflection will come even more effective action."
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