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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
Resources
Society
Individual
Rarest
Resource
Individuality
Capital
Central
Precious

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Providing more desirable products, services, and customer experiences is vital to the continued existence of any business. And that is INNOVATION.
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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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What we are good at comes easy, and we believe that unless it comes hard, it can't be very good.
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Every three or four years I pick a new subject. It may be Japanese art it may be economics. Three years of study are by no means enough to master a subject but they are enough to understand it. SO for more than 60 years I have kept studying one subject at a time.
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Time is the scarcest resource.
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The only skill that will be important in the 21st century is the skill of learning new skills.Everythi ng else will become obsolete over time.
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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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We live in an age of unprecedented opportunity: If you’ve got ambition and smarts, you can rise to the top of your chosen profession, regardless of where you started out.
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We know nothing about motivation. All we can do is write books about it.
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You can either take action, or you can hang back and hope for a miracle. Miracles are great, but they are so unpredictable.
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In a rural society communities are given for the individual. Community is a fact, whether family or religion, social class or caste.
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Leadership is not rank, privileges, title or money. It is responsibility.
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Keep your eye on the task, not on yourself. The task matters, and you are a servant
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Objectives are not commands they are commitments.
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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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Executives owe it to the organization and to their fellow workers not to tolerate nonperforming individuals in important jobs.
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No one has ever failed to find the facts they are looking for.
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The area in which the executive first encounters the challenge of strength is in staffing. The effective executive fills positions and promotes on the basis of what a man can do. He does not make staffing decisions to minimize weaknesses but to maximize strength.
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