Management by objective works - if you know the objectives. Ninety percent of the time you don't.
More Quotes from Peter Drucker:
The really important things are said over cocktails and are never done.Peter Drucker
Production is not the application of tools to materials, but logic to work.
Peter Drucker
The better a man is the more mistakes he will make for the more things he will try.
Peter Drucker
We know nothing about motivation. All we can do is write books about it.
Peter Drucker
Management by objectives works if you first think through your objectives. Ninety percent of the time you haven't.
Peter Drucker
In business school classrooms they construct wonderful models of a non-world.
Peter Drucker
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Trends, like horses, are easier to ride in the direction they are going.
John Naisbitt