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The really important things are said over cocktails and are never done.

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
Humor
Funny
Done
Important
Really
Things
Never
Cocktails
Communication

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There is one qualification the manager cannot acquire but must bring to the task. It is not genius it is character.
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If socialism is defined as ownership of the means of production--and this is both the orthodox and the only rigorous definition--then the United States is the first truly Socialist country.
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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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The most valuable assets of a 20th-century company were its production equipment. The most valuable assets of a 21st-century institution, whether business or nonbusiness, will be its knowledge, workers, and their productivity.
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One cannot manage change. One can only be ahead of it.
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The dilemma of modern society: the conflict between the need for capital formation at a high rate and the popular condemnation of interest and dividends as unearned income and capitalist, if not as sinful and wicked.
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You can't manage knowledge.Knowledge is between two ears and only between two ears.
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Tomorrow always arrives. It is always different. And even the mightiest company is in trouble if it has not worked on the future. Being surprised by what happens is a risk that even the largest and richest company cannot afford, and even the smallest business need not run.
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Effective organizations put people in jobs in which they can do the most good. They place people -- and allow people to place themselves -- according to their strengths.
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Far too much reorganization goes on all the time. Organizitis is like a spastic colon.
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Follow effective action with quiet reflection.
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Spontaneity is an infinite number of rehearsed possibilities.
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The first organization structure in the modern West was laid down in the canon law of the Catholic Church eight hundred years ago.
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The manager is a servant. His master is the institution he manages and his first responsibility must therefore be to it.
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Increasingly, politics is not about who gets what, when, how but about values, each of them considered to be absolute. Politics is about the right to life...It is about the environment. It is about gaining equality for groups alleged to be oppressed...None of these issues is economic. All are fundamentally moral.
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If you want to predict the future create it.
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The subordinate's job is not to reform or reeducate the boss, not to make him conform to what the business schools or the management book say bosses should be like. It is to enable a particular boss to perform as a unique individual.
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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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The worker's effectiveness is determined largely by the way he is being managed.
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