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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
Afford
Risk
Inspirational
Cannot
Take
Life
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Cultivate a deep understanding of yourself - not only what your strengths and weaknesses are but also how you learn, how you work with others, what your values are, and where you can make the greatest contribution. Because only when you operate from strengths can you achieve true excellence.
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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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Through systematic terror, through indoctrination, through systematic manipulation of stimulus, reward, and punishment, we can today break man and convert him into brute animal... The first step toward survival is therefore to make government legitimate again by attempting to deprive it of these powers... by international action to ban such powers.
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We have tried to substitute mass for purpose. We have tried to regain military potency of defense by making it gigantic, unwieldy, complex. It never works.
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No decision has been made unless carrying it out in specific steps has become someone's work assignment and responsibility.
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The greatest change in corporate culture - and the way business is being conducted - may be the accelerated growth of relationships based... on partnership.
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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.
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The question that faces the strategic decision maker is not what his organisation should do tomorrow. It is, what do we have to do today to be ready for an uncertain tomorrow?
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The only thing we know about the future is that it will be different.
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Important decisions are risky. They should be controversial. Acclamation means that nobody has done the homework.
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As with every phenomenon of the objective universe, the first step toward understanding work is to analyze it.
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Fortunately or unfortunately, the one predictable thing in any organization is the crisis. That always comes. That's when you do depend on the leader: The job of the leader is to build an organization that is battle-ready, that has high morale, that knows how to behave, that trusts itself, and where people trust one another.
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Trust is congruence between what you say and what you do.
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Ideas are like frog eggs: you've got to lay a thousand to hatch one.
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One cannot hire a hand the whole man always comes with it.
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The purpose of a business is to create a customer.
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A manager's task is to make the strengths of people effective and their weakness irrelevant - and that applies fully as much to the manager's boss as it applies to the manager's subordinates.
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If the feudal knight was the clearest embodiment of society in the early Middle Ages, and the bourgeois under Capitalism, the educated person will represent society in the post-capitalist society in which knowledge has become the central resource.
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The most efficient way to produce anything is to bring together under one management as many as possible of the activities needed to turn out the product.
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For new technology to replace old, it has to have at least ten times the benefit.
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