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In todays economy, the most important resource is no longer labor, capital or land it is knowledge
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
Economy
Knowledge
Todays
Today
Resource
Important
Capital
Labor
Resources
Longer
Land
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There is the risk you cannot afford to take, and there is the risk you cannot afford not to take.
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Fortunately or unfortunately, the one predictable thing in any organization is the crisis. That always comes. That's when you do depend on the leader: The job of the leader is to build an organization that is battle-ready, that has high morale, that knows how to behave, that trusts itself, and where people trust one another.
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Do the right things instead of trying to do everything right.
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The strength of the computer lies in its being a logic machine. It does precisely what it is programed to do. This makes it fast and precise. It also makes it a total moron for logic is essentially stupid.
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Plans are only good intentions unless they immediately degenerate into hard work.
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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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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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We can't make people better by trying to eliminate their weaknesses, but we can help then perform better by building on their strengths.
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Success? Odd as it seems, you will achieve the greates results in business and career if you drop the word 'achievement' from your vocabulary and replace it with 'contribution'.
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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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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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Any organisation develops people it either forms them or deforms them.
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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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Every enterprise is learning and teaching institution. Training and development must be built into it on all levels, training and development that never stop.
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Knowledge applied is productivity.
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One either meets or one works.
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You can't manage knowledge.Knowledge is between two ears and only between two ears.
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There are no creeds in mathematics.
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As a manager you're paid to be uncomfortable. If you're comfortable, it's a sure sign you're doing things wrong.
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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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