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Business purpose and business mission are so rarely given adequate thought is perhaps the most important cause of business frustration and failure.

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
Business
Mission
Given
Rarely
Thought
Missions
Important
Failure
Cause
Perhaps
Causes
Adequate
Purpose
Frustration

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There is an unbroken chain of opposition to the introduction of economic freedom and to the capitalist autonomy of the economic sphere... In every case the opposition could only be overcome - peacefully or by force - because of the promise of capitalism to establish equality... That this promise was an illusion we all know.
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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.
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Look at government programs for the past fifty years. Every single one - except warfare - achieved the exact opposite of its announced goal.
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The world economy is not yet a community--not even an economic community...Yet the existence of the global shopping center is a fact that cannot be undone. The vision of an economy for all will not be forgotten again.
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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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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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Inside an organization there are only cost centers. The only profit center is a customer whose check has not bounced.
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Important decisions are risky. They should be controversial. Acclamation means that nobody has done the homework.
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Elephants have a hard time adapting. Cockroaches outlive everything.
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The worker's effectiveness is determined largely by the way he is being managed.
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The computer, being a mechanical moron, can handle only quantifiable data.
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Knowledge applied is productivity.
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Mother Teresa's numerical results were not her greatest contribution. Instead, she made the world-and especially India-conscious of compassion.
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Communism is evil. Its driving forces are the deadly sins of envy and hatred.
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The concept of profit maximization is, in fact, meaningless.
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Objectives can be compared to a compass bearing by which a ship navigates. A compass bearing is firm, but in actual navigation, a ship may veer off its course for many miles. Without a compass bearing, a ship would neither find its port nor be able to estimate the time required to get there.
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There are usually half a dozen right answers to what needs to be done. Yet, unless a person makes the risky and controversial choice of only one, he will achieve nothing.
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As a rule we perceive what we expect to perceive... The unexpected is usually not received at all.
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Most discussions of decision making assume that only senior executives make decisions or that only senior executives' decisions matter. This is a dangerous mistake.
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