Sunday, November 12, 2006

Impressed Words

A decision is a judgment. It is a choice between alternatives. It is rarely a choice between right and wrong. It is at best a choice between “almost right” and “probably wrong” – but much more often a choice between two courses of action neither of which is provably more nearly right than the other.
– Peter F.Drucker

3 comments:

Anonymous said...

Drucker!!!! Reminded me of the lectures I have in MSc...done a paper on him...nightmare....and I don't remember a thing abt him anymore...:P

Hyacinthus said...

I came across this piece while studying the credit risk management recently and somehow it's valid not only in management but modeling as well. Attached please find his full background for your information. He died last year!

http://en.wikipedia.org/wiki/Peter_Drucker

Ruth Tam said...

Don't know about him but find your quotation very meaningful.