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Do not measure your life by your goals but what you are doing to achieve them.
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
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Life
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More quotes by Peter Drucker
Without institution there is no management. But without management there is no institution.
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Many studies of research scientists have shown that achievement (at least below the genius level of an Einstein, Bohr, or a Planck) depends less on ability in doing research than on the courage to go after opportunity.
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No one has ever failed to find the facts they are looking for.
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Only three things happen naturally in organizations: friction, confusion, and underperformance. Everything else requires leadership.
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There's an enormous number of managers who have retired on the job.
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What is the major problem? It is fundamentally the confusion between effectiveness and efficiency that stands between doing the right things and doing things right. There is surely nothing quite so useless as doing with great efficiency what should not be done at all.
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Most people think they know what they are good at. They are usually wrong... And yet, a person can perform only from strength.
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No financial man will ever understand business because financial people think a company makes money. A company makes shoes, and no financial man understands that. They think money is real. Shoes are real.
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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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Teaching 23-year-olds in an MBA programme strikes me as largely a waste of time. They lack the background of experience. You can teach them skills - accounting and what have you - but you can't teach them management.
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If you want to predict the future create it.
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The society of organizations is new-only seventy years ago employees were a small minority in every society.
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Adequacy is the enemy of excellence.
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Here I am, fifty-eight, and I still don't know what I'm going to be when I grow up.
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The moment people talk of implementing instead of doing, and of finalizing instead of finishing, the organization is already running a fever.
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Everybody has accepted by now that change is unavoidable. But that still implies that change is like death and taxes - it should be postponed as long as possible and no change would be vastly preferable. But in a period of upheaval, such as the one we are living in, change is the norm.
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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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Most innovators are successful to the extent to which they define risks and confine them.
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Decision making is the specific executive task.
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More business decisions occur over lunch and dinner than at any other time, yet no MBA courses are given on the subject.
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