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Time is the scarcest resource and unless it is managed nothing else can be managed.
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
Life
Management
Resources
Unless
Wise
Resource
Business
Managed
Else
Productivity
Nothing
Efficiency
Time
Economics
More quotes by Peter Drucker
Everything requires time. It is the only truly universal condition. All work takes place in time and uses up time. Yet most people take for granted this unique, irreplaceable, and necessary resource. Nothing else, perhaps, distinguishes effective executives as much as their tender loving care of time.
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The tool user, provided the tool is made well, need not, and indeed should not, know anything about the tool.
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...because knowledge rapidly deteriorates unless it is used constantly, maintaining within an organization an activity that is used only intermittently guarantees incompetence.
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Knowledge is power, which is why people who had it in the past often tried to make a secret of it. In post-capitalism, power comes from transmitting information to make it productive, not from hiding it.
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Every success creates new opportunities. So does every failure.
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If you have too many problems, maybe you should get out of business. There is no law that says a company must last forever.
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The concept of profit maximization is, in fact, meaningless.
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Every few hundred years in Western history there occurs a sharp transformation. Within a few short decades, society - its worldview, its basic values, its social and political structures, its art, its key institutions - rearranges itself. We are currently living through such a time.
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Successful leaders don't start out asking, 'What do I want to do?' They ask, 'What needs to be done?' Then they ask, 'Of those things that would make a difference, which are right for me?'
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Without institution there is no management. But without management there is no institution.
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We have tried to substitute mass for purpose. We have tried to regain military potency of defense by making it gigantic, unwieldy, complex. It never works.
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The most serious mistakes are not being made as a result of wrong answers. The true dangerous thing is asking the wrong question.
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No decision has been made unless carrying it out in specific steps has become someone's work assignment and responsibility.
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The purpose of information is not knowledge. It is being able to take the right action.
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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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The only industries that function well are the industries that take responsibility for training. The Japanese, you know, assume that when you first come to work you know absolutely nothing. School isn't preparation for work and never was.
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An effective executive builds on strengths - their own strengths, the strengths of superiors, colleagues, subordinates, and on the strength of the situation.
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Checking the results of a decision against its expectations shows executives what their strengths are, where they need to improve, and where they lack knowledge or information.
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Nothing is less productive than to make more efficient what should not be done at all.
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The leader of the past was a person who knew how to tell. The leader of the future will be a person who knows how to ask.
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