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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.

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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Fifty
Eight
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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 ultimate resource in economic development is people. It is people, not capital or raw materials that develop an economy.
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It's amazing how many things busy people are doing that never will be missed.
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Without institution there is no management. But without management there is no institution.
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You can't manage knowledge.Knowledge is between two ears and only between two ears.
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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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Everything requires time. It is the only truly universal condition. All work takes place in time and uses up time. Yet most people take for granted this unique, irreplaceable, and necessary resource. Nothing else, perhaps, distinguishes effective executives as much as their tender loving care of time.
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Capitalism is being attacked not because it is inefficient or misgoverned but because it is cynical. And indeed a society based on the assertion that private vices become public benefits cannot endure, no matter how impeccable its logic, no matter how great its benefits.
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Strong people have strong weaknesses.
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The most important contribution management needs to make in the 21st century is ... to increase the productivity of knowledge work and the knowledge worker
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The purpose of a business is to create a customer.
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The talk you hear about adapting to change is not only stupid, it's dangerous. The only way you can manage change is to create it.
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The honest work of yesterday has lost its social status, its social esteem.
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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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Knowledge is power, which is why people who had it in the past often tried to make a secret of it. In post-capitalism, power comes from transmitting information to make it productive, not from hiding it.
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Some of the best business and nonprofit CEOs I've worked with over a sixty-five-year consulting career were not stereotypical leaders. They were all over the map in terms of their personalities, attitudes, values, strengths, and weaknesses.
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We have only one alternative: either to build a functioning industrial society or see freedom itself disappear in anarchy and tyranny.
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People who need certainty are unlikely to make good entrepreneurs.
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Innovation is the specific instrument of entrepreneurship. The act that endows resources with a new capacity to create wealth.
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We always remember best the irrelevant.
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