Peter Drucker Quotes

We're reviewing everything to see how we can do it better, faster, and more efficiently.

I got to get the right people in the right job. Because a lot of costs can be taken out in the context of your administration without the legislature. For example, using technology to do more with less. Using technology to fight fraud. Reorganizing and streamlining can be done within the context of the administration.

Generally speaking, if you control matter more precisely, you can get more efficiency out of any process.

I believe there are a lot of inefficiencies in the way technical innovation happens.

Efficiency innovations arise in industries that already exist. They provide existing goods and services at much lower costs. They are not empowering. Efficiency innovators become the low cost providers within an existing framework.

CEOs hate variance. It's the enemy. Variance in customer service is bad. Variance in quality is bad. CEOs love processes that are standardized, routinized, predictable. Stamping out variance makes a complex job a bit less complex.

We dried continuously day and night. We had no efficient way to do it, so we built this new popcorn plant.

Learning to see waste and systematically eliminate it has allowed lean companies such as Toyota to dominate entire industries. Lean thinking defines value as 'providing benefit to the customer'; anything else is waste.

The more you eliminate the inefficient use of information, the better it is for productivity.

We had to figure out how to produce books in a cost-effective way.

If you don't understand how to run an efficient operation, new machinery will just give you new problems of operation and maintenance. The sure way to increase productivity is to better administrate man and machine.

The key to Operations at Wal-Mart is their ability to maintain the highest standards while at the same time getting things done with lockstep execution.

What was worked out at Ford was the practice of moving the work from one worker to another until it became a complete unit, then arranging the flow of these units at the right time and the right place to a moving final assembly line from which came a finished product.

The object of protection is that of diminishing the distance and the waste between the producer and the consumer

The key to making things affordable is design and technology improvements, as well as scale.

I think the next massive wave of value creation will be when you can get a manufacturing company or agriculture devices company or a health care company to develop dozens of AI solutions to help their businesses.

The entire idea of building a series of systems in a business is simply this - to create the tools that allow you, as a business owner, to increase productivity and get the job done. The idea behind these systems, of course, is to quit needing your judgement or input in every area of the business.

Honestly, production when you first start can be difficult to wrap your head around.

I think any time you increase focus, increase speed, all those are going to help any business.

The only way to create prosperity is to do more with less. In economic terms, an increase in productivity is an increase in the amount or quality of output generated for each unit of input. Jobs do not make society wealthier - productivity does.

Rethinking product supply chains offers another opportunity for traditional enterprises to introduce a host of positive outcomes.

I don't want to have to do production, which is very technical. I don't enjoy that.

When you're coming into a company and, you know, have to do a transformation, what you really want to do is look at the company and say, 'Okay, here are the parts that the company does well. How do we get those genes to hyper-express? The genes that are getting in the way, how do you turn those off?'

Every business has to figure out how to make itself more efficient. They've got to use technology. They've got to use the Internet, things like that. We can do the same thing with our state colleges.

As long as we are one of the most expensive countries to produce in, we should focus on cutting costs that directly and indirectly weigh on business.