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It takes far less energy to move from first-rate performance to excellence than it does to move from incompetence to mediocrity.

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
Energy
Excellence
Doe
Performance
Firsts
Performances
First
Rate
Move
Takes
Less
Incompetence
Moving
Mediocrity

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Management means, in the last analysis, the substitution of thought for brawn and muscle, of knowledge for folkways and superstition, and of cooperation for force. It means the substitution of responsibility for obedience to rank, and of authority of performance for the authority of rank.
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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 experience of the human race indicates strongly that the only person in abundant supply is the universal incompetent.
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Through systematic terror, through indoctrination, through systematic manipulation of stimulus, reward, and punishment, we can today break man and convert him into brute animal... The first step toward survival is therefore to make government legitimate again by attempting to deprive it of these powers... by international action to ban such powers.
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There is every indication that the period ahead will be an innovative one, one of rapid change in technology , society , economy , and institutions .
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When a resource is scarce, you increase its yield.
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Most innovators are successful to the extent to which they define risks and confine them.
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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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One cannot hire a hand the whole man always comes with it.
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If the feudal knight was the clearest embodiment of society in the early Middle Ages, and the bourgeois under Capitalism, the educated person will represent society in the post-capitalist society in which knowledge has become the central resource.
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There is the general belief that the corporation income tax is a tax on the rich and on the fat cats. But with pension funds owning 30% of American large business-and soon to own 50%-the corporation income tax, in effect, eases the load on those in top income brackets and penalizes the beneficiaries of pension funds.
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In todays economy, the most important resource is no longer labor, capital or land it is knowledge
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Spontaneity is an infinite number of rehearsed possibilities.
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Knowledge has become the key economic resource and the dominant-and perhaps even the only-source of competitive advantage.
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The honest work of yesterday has lost its social status, its social esteem.
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The essence of management is to make knowledge productive.
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Don't try to innovate for the future. Innovate for the present!
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If a manager spends more than 10 percent of his time on human relations the group is probably too large.
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Of those things that would make a difference, which are right for me?
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Innovation requires us to systematically identify changes that have already occurred in a business - in demographics, in values, in technology or science - and then to look at them as opportunities. It also requires something that is most difficult for existing companies to do: to abandon rather than defend yesterday.
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