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We can say with certainty - or 90% probability - that the new industries that are about to be born will have nothing to do with 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
Information
Economy
Born
Nothing
Industries
Probability
Certainty
Industry

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The company is not and must never claim to be home, family, religion, life or fate for the individual. It must never interfere in his private life or his citizenship. He is tied to the company through a voluntary and cancellable employment contract, not through some mystical or indissoluble bond.
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As a manager you're paid to be uncomfortable. If you're comfortable, it's a sure sign you're doing things wrong.
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The days of the 'intuitive' manager are numbered.
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What can I contribute that will significantly affect the performance and the results of the institution I serve?
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Your first and foremost job as a leader is to take charge of your own energy and then help to orchestrate the energy of those around you.
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Any organisation develops people it either forms them or deforms them.
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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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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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Managing innovation will increasingly become a challenge to management, and especially to top management, and a touchstone of its competence.
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Keep your eye on the task, not on yourself. The task matters, and you are a servant
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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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The single most important thing to remember about any enterprise is that results exist only on the outside.The result of a business is a satisfied customer. The result of a hospital is a satisfied patient. The result of a school is a student who has learned something and puts it to work ten years later. Inside an enterprise there are only costs.
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Follow effective action with quiet reflection.
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What people in business think they know about the customer and market is likely to be more wrong than right...the customer rarely buys what the business thinks it sells him.
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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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A primary task of management in the developed countries in the decades ahead will be to make knowledge productive.
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It is commonly believed that innovations create changes - but few ever do. Successful innovations exploit changes that have already happened.
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Many studies of research scientists have shown that achievement (at least below the genius level of an Einstein, Bohr, or a Planck) depends less on ability in doing research than on the courage to go after opportunity.
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A manager is responsible for the application and performance of knowledge.
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