Efficiency is doing better what is already being done.
More Quotes from Peter Drucker:
Knowledge has to be improved, challenged, and increased constantly, or it vanishes.Peter Drucker
Making good decisions is a crucial skill at every level.
Peter Drucker
Charisma becomes the undoing of leaders. It makes them inflexible, convinced of their own infallibility, unable to change.
Peter Drucker
One cannot buy, rent or hire more time. The supply of time is totally inelastic. No matter how high the demand, the supply will not go up. There is no price for it. Time is totally perishable and cannot be stored. Yesterday's time is gone forever, and will never come back. Time is always in short supply. There is no substitute for time. Everything requires time. All work takes place in, and uses up time. Yet most people take for granted this unique, irreplaceable and necessary resource.
Peter Drucker
Because its purpose is to create a customer, the business has two - and only two - basic functions marketing and innovation. Marketing and innovation produce results all the rest are costs.
Peter Drucker
Decision making is the specific executive task.
Peter Drucker
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