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The individual is the central, rarest, most precious capital resource of our society.
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
Individual
Rarest
Resource
Individuality
Capital
Central
Precious
Resources
Society
More quotes by Peter Drucker
Plans are only good intentions unless they immediately degenerate into hard work.
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We always remember best the irrelevant.
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Everything must degenerate into work if anything is to happen.
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The more successful the unit, the more difficult it is to make sure that the large company doesn't put the same expectations on it as it does for the rest of the company. When it's a new venture, whether it's outside or inside the business, it's a child. And you don't put a 40-pound pack on a 6-year-old's back when you take her hiking.
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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 most important, and indeed the truly unique, contribution of management in the 20th century was the fifty-fold increase in the productivity of the MANUAL WORKER in manufacturing. The most important contribution management needs to make in the 21st century is similarly to increase the productivity of KNOWLEDGE WORK and the KNOWLEDGE WORKER.
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During periods of discontinuous, abrupt change, the essence of adaptation involves a keen sensitivity to what should be abandoned - not what should be changed or introduced. A willingness to depart from the familiar has distinct survival value.
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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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One either meets or one works.
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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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It's amazing how many things busy people are doing that never will be missed.
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The essence of management is to make knowledge 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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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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To arrive at the definition of the problem he must begin by finding the 'critical factor'. This is the element (or elements) in the situation that has to be changed before anything else can be changed, moved, acted upon.
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A success that has outlived its usefulness may, in the end, be more damaging than failure.
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Because its purpose is to create a customer, the business enterprise has two - and only these two — basic functions: marketing and innovation. Marketing and innovation produce results all the rest are 'costs'.
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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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Absolute size by itself is no indicator of success and achievement, let alone of managerial competence. Being the right size is.
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With Christianity, freedom and equality became the two basic concepts of Europe they are themselves Europe.
Peter Drucker
