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People in any organization, including bureaucrats and politicians, are always attached to the obsolete the obsolescent the things that should have worked but didn't the things that once were productive and no longer are.
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
Things
Politicians
People
Including
Organization
Worked
Leadership
Bureaucrats
Longer
Obsolete
Didn
Attached
Always
Productive
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The basic economic resource - the means of production - is no longer capital, nor natural resources, nor labor. It is and will be knowledge.
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Our most important education system is in the employees' own organization.
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The enterprise can fulfill its human and social functions only if it prospers as a business.
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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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Success in the knowledge economy comes to those who know themselves - their strengths, their values, and how they best perform.
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The experience of the human race indicates strongly that the only person in abundant supply is the universal incompetent.
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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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A success that has outlived its usefulness may, in the end, be more damaging than failure.
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The corporation is the master, the employee is the servant. Because the corporation owns the means of production without which the employee could not make a living, the employee needs the corporation more than vice versa.
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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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Ideas are like frog eggs: you've got to lay a thousand to hatch one.
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The world economy is not yet a community--not even an economic community...Yet the existence of the global shopping center is a fact that cannot be undone. The vision of an economy for all will not be forgotten again.
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No other area offers richer opportunities for successful innovation than the unexpected success.
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The Welfare State, which begun in Imperial Germany for the truly indigent and disabled, has now become everybody's entitlement and an increasing burden on those who produce.
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Understanding our strengths, articulating our values, knowing where we belong -- these are also essential to addressing one of the great challenges of organizations: improving the abysmally low productivity of knowledge workers.
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Don't take on things you don't believe in and that you yourself are not good at. Learn to say no. Effective leaders match the objective needs of their company with the subjective competencies. As a result, they get an enormous amount of things done fast.
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The first organization structure in the modern West was laid down in the canon law of the Catholic Church eight hundred years ago.
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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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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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