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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
Precious
Resources
Society
Individual
Rarest
Resource
Individuality
Capital
Central

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Profit is not the explanation, cause, or rationale of business behavior and business decisions, but the test of their validity.
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There is the general belief that the corporation income tax is a tax on the rich and on the fat cats. But with pension funds owning 30% of American large business-and soon to own 50%-the corporation income tax, in effect, eases the load on those in top income brackets and penalizes the beneficiaries of pension funds.
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The new information technology... Internet and e-mail... have practically eliminated the physical costs of communications.
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Every enterprise is learning and teaching institution. Training and development must be built into it on all levels, training and development that never stop.
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Company cultures are like country cultures. Never try to change one. Try, instead, to work with what you've got.
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One of the great movements in my lifetime among educated people is the need to commit themselves to action. Most people are not satisfied with giving money we also feel we need to work.
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No one has ever failed to find the facts they are looking for.
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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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Growth that adds volume without improving productivity is fat. Growth that diminishes productivity is cancer.
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