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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
Central
Precious
Resources
Society
Individual
Rarest
Resource
Individuality
Capital

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The individual needs the return to spiritual values, for he can survive in the present human situation only by reaffirming that man is not just a biological and psychological being but also a spiritual being, that is creature, and existing for the purposes of his Creator and subject to Him.
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Communism is evil. Its driving forces are the deadly sins of envy and hatred.
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There are companies that are good at improving what they're already doing. There are companies that are good at extending what they're doing. And finally there are companies that are good at innovation. Every large company has to be able to do all three - improve, extend, and innovate - simultaneously.
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Plans are worthless, but planning is invaluable.
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A man should never be appointed into a managerial position if his vision focuses on people's weaknesses rather than on their strengths.
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Management means, in the last analysis, the substitution of thought for brawn and muscle, of knowledge for folkways and superstition, and of cooperation for force. It means the substitution of responsibility for obedience to rank, and of authority of performance for the authority of rank.
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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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Growth that adds volume without improving productivity is fat. Growth that diminishes productivity is cancer.
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One has to make a decision when a condition is likely to degenerate if nothing is done.
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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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Managers are the basic and scarcest resource of any business enterprise.
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Ideas are cheap and abundant what is of value is the effective placement of those ideas into situations that develop into action.
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No other area offers richer opportunities for successful innovation than the unexpected success.
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Success? Odd as it seems, you will achieve the greates results in business and career if you drop the word 'achievement' from your vocabulary and replace it with 'contribution'.
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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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Every organization must be prepared to abandon everything it does to survive in the future.
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It's amazing how many things busy people are doing that never will be missed.
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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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You cannot prevent a major catastrophe, but you can build an organization that is battle-ready, where people trust one another. In military training, the first rule is to instill soldiers with trust in their officers - because without trust, they won't fight.
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Strong people have strong weaknesses.
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