Quote

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.

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
Results
Improve
Decision
Improvement
Knowledge
Management
Shows
Lack
Need
Expectations
Needs
Strength
Checking
Information
Strengths
Wise
Executives

More quotes by Peter Drucker

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Now that knowledge is taking the place of capital as the driving force in organizations worldwide, it is all too easy to confuse data with knowledge and information technology with information.
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Education can no longer be the sole property of the state.
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What we are good at comes easy, and we believe that unless it comes hard, it can't be very good.
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No one has ever failed to find the facts they are looking for.
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There are companies that are good at improving what they're already doing. There are companies that are good at extending what they're doing. And finally there are companies that are good at innovation. Every large company has to be able to do all three - improve, extend, and innovate - simultaneously.
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For new technology to replace old, it has to have at least ten times the benefit.
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Business exists to supply goods and services to customers and economic surplus to society, rather than to supply jobs to workers and managers or even dividends to shareholders.
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Decision making is the specific executive task.
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The most valuable assets of a 20th-century company were its production equipment. The most valuable assets of a 21st-century institution, whether business or nonbusiness, will be its knowledge, workers, and their productivity.
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Efficiency is doing better what is already being done.
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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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We do not need more laws . No country suffers from a shortage of laws. We need a new model .
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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 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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Communism is evil. Its driving forces are the deadly sins of envy and hatred.
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The enterprise can fulfill its human and social functions only if it prospers as a business.
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The strength of the computer lies in its being a logic machine. It does precisely what it is programed to do. This makes it fast and precise. It also makes it a total moron for logic is essentially stupid.
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It has been said, and only half in jest, that a tough, professionally led union is a great force for improving management performance. It forces the manager to think about what he is doing and to be able to explain his actions and behavior.
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Efficiency, which is doing things right, is irrelevant until you work on the right things.
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Most innovators are successful to the extent to which they define risks and confine them.
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