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Yes, it is possible to complete a PhD in one or two years. How likely is this possibility? Not very likely. I would say the average person takes four to seven years to complete their PhD.

If it is possible, how do you actually complete the PhD in 1-2 years. You need the following:

A Ph.D program that has a combined Masters and PhD where you can go from a master's to a PhD. You need to stay at the same school where you did your Masters.
You will already need to know and have a strong understanding of statistics and other research methodologies before you even begin.
You need a supportive supervisor that does not care about the thesis quality. This generally is your biggest hurdle, because your thesis will likely be unpublishable. Your supervisor will also have to work a lot in quick turnarounds.
You need to work from 6 a.m. to 11 p.m. without seeing your family or anybody else for 7 days a week for the entire year.
You also need to be dedicated, focused, and extremely bright.
You will need to sacrifice any long-term benefit, and you will also have to realize that getting an academic job will be next to Impossible.

My point is, I would not rush you are PhD. This is the opportunity for you to actually discover something new and to discover something about yourself. Take this opportunity, it is extremely valuable.

Check out:

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PhD Secrets: Secrets About Academics That Only People Who Have A PhD Know
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Do PhDs In Business Administration Have Internships Or Co-Ops?
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What Is The Difference Between Graduate And Undergraduate Degree?
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What Is Your Intention For A PhD / Grad School?
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Is A PhD Prestigious? Is A PhD Respected?
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PhD Insecurities: You Are Better Than This.
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Are There PhDs In Supply Chain Management?
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Doing A PhD For An Executive Business Career
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What Is A PhD In Healthcare Administration? And, Where Do You Get One?
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Is There A Doctorate In Business (DBA or PhD)?
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Is A PhD Better Than A Masters Degree?
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How Useful Is A PhD In Business? Is A Doctorate of Business Administration Practical
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Leaving A PhD Program With A Masters, Should You Quit Your PhD?
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David Maslach is a research professor of entrepreneurship, innovation, and business strategy, I discuss topics, such as behavioral science, strategy, innovation, and entrepreneurship, and apply these to my new peer proofreading and editing platform. Topics include the sharing economy, altruism, investing in technology, starting a business, and bounded rationality. My favorite videos pertain to incentives, goal setting, and learning from failure to drive behaviors such as weight loss, stopping telemarketers, creating novel technologies, and creating new movements.

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