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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
Industry
Information
Economy
Born
Nothing
Industries
Probability
Certainty
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There's an enormous number of managers who have retired on the job.
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What's absolutely unforgivable is the financial benefit top management people get for laying off people. There's no excuse for it. No justification. No explanation. This is morally and socially unforgivable, and we'll pay a very nasty price.
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Innovation requires us to systematically identify changes that have already occurred in a business - in demographics, in values, in technology or science - and then to look at them as opportunities. It also requires something that is most difficult for existing companies to do: to abandon rather than defend yesterday.
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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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Business purpose and business mission are so rarely given adequate thought is perhaps the most important cause of business frustration and failure.
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The purpose of an organization is to enable ordinary humans beings to do extraordinary things.
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Plans are worthless, but planning is invaluable.
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The honest work of yesterday has lost its social status, its social esteem.
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We can't make people better by trying to eliminate their weaknesses, but we can help then perform better by building on their strengths.
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There is a point of complexity beyond which a business is no longer manageable.
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Conductors do not know how the oboe does its work, but they know what the oboe should contribute.
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One does not start with facts. One starts with opinions.
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One does not manage people. The task is to lead people.
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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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Executives do many things in addition to making decisions. But only executives make decisions. The first managerial skill is, therefore, the making of effective decisions.
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The Pertinent Question is NOT how to do things right - but how to find the right things to do, and to concentrate resources and efforts on them.
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