Quote #52

Free enterprise cannot be justified as being good for business. It can be justified only as being good for society. The Practice of Management (1954)

More from Peter F. Drucker

  1. Capitalism is being attacked not because it is inefficient or misgoverned but because it is cynical. And indeed a society based on the asse…
  2. For if this country... were to make its defense program a function of its domestic employment situation, it would become impossible to cond…
  3. The fundamental reality for every worker, from sweeper to executive vice-president, is the eight hours or so that he spends on the job. In …
  4. That the government's power under the Taft-Hartley Act to stop a strike by injunction so clearly strengthens the hand of the employer--even…
  5. --A manager sets objectives--A manager organizes--A manager motivates and communicates--A manager, by establishing yardsticks, measures--A …
  6. We still think and talk of the basic problems of an industrial society as problems that can be solved by changing the system, that is the s…
  7. It does not matter whether the worker wants responsibility or not, ...The enterprise must demand it of him. -- The Practice of Management (…
  8. The major incentive to productivity and efficiency are social and moral rather than financial. -- The New Society (1950)

All Peter F. Drucker quotes