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Time is the scarcest resource.

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
Resource
Resources
Time

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The large organization has to learn to innovate, or it won't survive.
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The only thing we know about the future is that it will be different.
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When the business grows, the person who founded it is incredibly busy. Rapid growth puts an enormous strain on a business. You outgrow your production facilities. You outgrow your management capabilities.
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No executive has ever suffered because his subordinates were strong and effective.
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Every organization has to prepare for the abandonment of everything it does.
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The correct assumption is that what individuals have learned by age twenty-one will begin to become obsolete five to ten years later and will have to be replaced-or at least refurbished-by new learning, new skills, new knowledge.
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The leader of the past was a person who knew how to tell. The leader of the future will be a person who knows how to ask.
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If you have too many problems, maybe you should get out of business. There is no law that says a company must last forever.
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Succession planning often results in the selection of a weaker representation of yourself.
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Promotion should not be more important than accomplishment, or avoiding instability more important than taking the right risk.
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Accept the fact that we have to treat almost anybody as a volunteer.
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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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The most important contribution management needs to make in the 21st century is ... to increase the productivity of knowledge work and the knowledge worker
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The individual needs the return to spiritual values, for he can survive in the present human situation only by reaffirming that man is not just a biological and psychological being but also a spiritual being, that is creature, and existing for the purposes of his Creator and subject to Him.
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Managers are the basic and scarcest resource of any business enterprise.
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Working with people is difficult, but not impossible.
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Checking the results of a decision against its expectations shows executives what their strengths are, where they need to improve, and where they lack knowledge or information.
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A primary task of management in the developed countries in the decades ahead will be to make knowledge productive.
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Business exists to supply goods and services to customers and economic surplus to society, rather than to supply jobs to workers and managers or even dividends to shareholders.
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