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Ideas are cheap and abundant what is of value is the effective placement of those ideas into situations that develop into action.
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
Effective
Develop
Value
Situation
Values
Placement
Action
Abundant
Ideas
Cheap
Situations
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Planning is actually incompatible with an entrepreneurial society and economy. Planning is the kiss of death of entrepreneurship.
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Management is not being brilliant. Management is being conscientious.
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Executives do many things in addition to making decisions. But only executives make decisions. The first managerial skill is, therefore, the making of effective decisions.
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Nobody in the world is as good at making decisions as the Japanese.
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It is commonly believed that innovations create changes - but few ever do. Successful innovations exploit changes that have already happened.
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Adequacy is the enemy of excellence.
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Do not measure your life by your goals but what you are doing to achieve them.
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Successful people know they need to get many things done-and done effectively. Therefore, they concentrate their time and energy on doing one thing at a time-and on doing first things firs.
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In the modern corporation the decisive power, that of the managers , is derived from no one but the managers themselves controlled by nobody and nothing and responsible to no one. It is in the most literal sense unfounded, unjustified, uncontrolled and irresponsible power.
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We've spent the last 30 years focusing on the T in IT, and we'll spend the next 30 years focusing on the I.
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We do not need more laws . No country suffers from a shortage of laws. We need a new model .
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No executive has ever suffered because his subordinates were strong and effective.
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