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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
Action
Abundant
Ideas
Cheap
Situations
Effective
Develop
Value
Situation
Values
Placement

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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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Only three things happen naturally in organizations: friction, confusion, and underperformance. Everything else requires leadership.
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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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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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To be a manager requires more than a title, a big office, and other outward symbols of rank. It requires competence and performance of a high order.
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The computer, being a mechanical moron, can handle only quantifiable data.
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The fewer data needed, the better the information. And an overload of information, that is, anything much beyond what is truly needed, leads to information blackout. It does not enrich, but impoverishes.
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Since we live in an age of innovation, a practical education must prepare a man for work that does not yet exist and cannot yet be clearly defined.
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We can say with certainty - or 90% probability - that the new industries that are about to be born will have nothing to do with information.
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Doing the right thing is more important than doing the thing right.
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Without institution there is no management. But without management there is no institution.
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The most efficient way to produce anything is to bring together under one management as many as possible of the activities needed to turn out the product.
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People in any organization, including bureaucrats and politicians, are always attached to the obsolete the obsolescent the things that should have worked but didn't the things that once were productive and no longer are.
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Effective people are not problem minded they're opportunity-minded. They feed opportunities and starve problems. They think preventively.
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To make the future demands courage. It demands work. But it also demands faith.
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Few companies that installed computers to reduce the employment of clerks have realized their expectations... They now need more, and more expensive clerks even though they call them 'operators' or 'programmers.'
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All companies are service companies some also manufacture products.
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Most innovators are successful to the extent to which they define risks and confine them.
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If you're not living life on the edge, you're taking up too much space. The best way to predict the future is to create it.
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