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There is the risk you cannot afford to take, and there is the risk you cannot afford not to take.

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
Take
Life
Afford
Risk
Inspirational
Cannot

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No executive has ever suffered because his subordinates were strong and effective.
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Do not measure your life by your goals but what you are doing to achieve them.
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Use feedback analysis to identify your strengths. Then go to work on improving your strengths. Identify and eliminate bad habits that hinder the full development of your strengths. Figure out what you should do and do it. Finally, decide what you should not do.
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(Waste = Loss): The first rule of business is to survive and the guiding principle of business economics is not the maximisation of profit, it is the avoidance of loss
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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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No other area offers richer opportunities for successful innovation than the unexpected success.
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Management is not being brilliant. Management is being conscientious.
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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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The productivity of work is not the responsibility of the worker but of the manager.
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The race for Quality has no finish line - so technically, it's more like a death march. Efficiency is doing things right effectiveness is doing the right things.
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Of all the decisions an executive makes, none is as important as the decisions about people, because they determine the performance capacity of the organization.
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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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We do not need more laws . No country suffers from a shortage of laws. We need a new model .
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No one has ever failed to find the facts they are looking for.
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Efficiency is doing better what is already being done.
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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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Few companies that installed computers to reduce the employment of clerks have realized their expectations... They now need more, and more expensive clerks even though they call them 'operators' or 'programmers.'
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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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The enterprise can fulfill its human and social functions only if it prospers as a business.
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The correct assumption is that what individuals have learned by age twenty-one will begin to become obsolete five to ten years later and will have to be replaced-or at least refurbished-by new learning, new skills, new knowledge.
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