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Knowledge has to be improved, challenged, and increased constantly, or it vanishes.
Peter Drucker
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Peter Drucker
Age: 95 †
Born: 1909
Born: November 19
Died: 2005
Died: November 11
Author
Businessperson
Columnist
Economist
Journalist
Lawyer
Philosopher
Sculptor
University Teacher
Writer
Vienna
Austria
Peter F. Drucker
Peter Ferdinand Drucker
Knowledge
Challenged
Inspirational
Improved
Increased
Encouraging
Improvement
Constantly
Challenges
Vanishes
Wise
Vanishing
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No financial man will ever understand business because financial people think a company makes money. A company makes shoes, and no financial man understands that. They think money is real. Shoes are real.
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Objectives are not commands they are commitments.
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There is every indication that the period ahead will be an innovative one, one of rapid change in technology , society , economy , and institutions .
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There is an unbroken chain of opposition to the introduction of economic freedom and to the capitalist autonomy of the economic sphere... In every case the opposition could only be overcome - peacefully or by force - because of the promise of capitalism to establish equality... That this promise was an illusion we all know.
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Every enterprise is learning and teaching institution. Training and development must be built into it on all levels, training and development that never stop.
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Most discussions of decision making assume that only senior executives make decisions or that only senior executives' decisions matter. This is a dangerous mistake.
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A fundamental responsibility of leadership is make sure that everybody knows the mission, understands it, lives it.
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When it rains manna from heaven, some people put up an umbrella. Others reach for a big spoon.
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What is the major problem? It is fundamentally the confusion between effectiveness and efficiency that stands between doing the right things and doing things right. There is surely nothing quite so useless as doing with great efficiency what should not be done at all.
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We always remember best the irrelevant.
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When the business grows, the person who founded it is incredibly busy. Rapid growth puts an enormous strain on a business. You outgrow your production facilities. You outgrow your management capabilities.
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The world political system is till based on the concept of the national sovereign state. For the first time therefore, in three hundred years economy and sovereignty are becoming divorced from each other.
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An established company which, in an age demanding innovation, is not able to innovation, is doomed to decline and extinction.
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The aim of marketing is to know and understand the customer so well the product or service fits him and sells itself.
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I would hope that American managers-indeed, managers worldwide-continue to appreciate what I have been saying almost from day one: that management is so much more than exercising rank and privilege, that it is much more than making deals. Management affects people and their lives.
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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.
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No single piece of macroeconomic advice given by the experts to their government has ever had the results predicted.
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Charisma becomes the undoing of leaders. It makes them inflexible, convinced of their own infallibility, unable to change
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Leadership is not rank, privileges, title or money. It is responsibility.
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