QuoteProject
The enterprise that does not innovate ages and declines. And in a period of rapid change such as the present, the decline will be fast.
Peter Drucker
ShareWTF𝕏

Interpretation

What this quote means

Innovation is crucial for an enterprise's survival in a changing world.

This quote by Peter Drucker emphasizes the importance of innovation for businesses. He warns that enterprises that fail to innovate will quickly lose their relevance and suffer decline, especially in today's fast-paced, ever-evolving environment. Therefore, continuous innovation is essential for organizational longevity and competitiveness.

Themes

InnovationChangeEnterpriseBusinessDecline

In practice

Example use cases

A CEO might use this quote in a speech about the company's future direction to inspire employees.

More from Peter Drucker

The purpose of an organization is to enable ordinary humans beings to do extraordinary things.
Peter DruckerRead
In the Western tradition, we have focused on teaching as a skill and forgotten what Socrates knew: teaching is a gift, learning is a skill.
Peter DruckerRead
We now accept the fact that learning is a lifelong process of keeping abreast of change. And the most pressing task is to teach people how to learn.
Peter DruckerRead
The basic economic resource - the means of production -_x000D_ _x000D_ is no longer capital, nor natural resources, nor labor._x000D_ _x000D_ It is and will be knowledge.
Peter DruckerRead
Unless commitment is made, there are only promises and hopes... but no plans.
Peter DruckerRead
The strength of the computer lies in its being a logic machine. It does precisely what it is programed to do. This makes it fast and precise. It also makes it a total moron; for logic is essentially stupid.
Peter DruckerRead

Similar quotes

Changes are products of intensive efforts.
Muhammad YunusRead
The truth is that a vast restructuring of our society is needed if remedies are to become available to the average person. Without that restructuring the good will that holds society together will be slowly dissipated... It is that sense of futility which permeates the present series of protests and dissents. Where there is a persistent sense of futility, there is violence; and that is where we are today.
William O. DouglasRead
What we want is that one day every workplace will be diverse - we already encourage that with gender and ethnicity, but the next frontier is neurodiversity and it will become ordinary. People won't think twice about it.
Simon Baron-CohenRead
I had longed to be a butterfly, and I was one at last. I attended private parties in sumptuous evening dress, simpered and aired my graces like a born beau, and polkaed and schoisched with a step peculiar to myself - and the kangaroo.
Mark TwainRead
It's time to fundamentally change the way that we do business in Washington. To help build a new foundation for the 21st century, we need to reform our government so that it is more efficient, more transparent, and more creative. That will demand new thinking and a new sense of responsibility for every dollar that is spent.
Barack ObamaRead
Only after disaster can we be resurrected. It's only after you've lost everything that you're free to do anything. Nothing is static, everything is evolving, everything is falling apart.
Chuck PalahniukRead

A little wisdom, now and then

Subscribe for the occasional hand-picked quote. No noise.