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It’s up to you to carve out your place, to know when to change course, and to keep yourself engaged and productive during a work life that may span some 50 years.

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
Keep
Place
Change
Carve
May
Span
Work
Productive
Years
Engaged
Life
Courses
Course

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An established company which, in an age demanding innovation, is not able to innovation, is doomed to decline and extinction.
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Leadership is not rank, privileges, title or money. It is responsibility.
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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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Innovation is the specific instrument of entrepreneurship. The act that endows resources with a new capacity to create wealth.
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Plans are only good intentions unless they immediately degenerate into hard work.
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If you want it, measure it. If you can't measure it, forget it.
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Some of the best business and nonprofit CEOs I've worked with over a sixty-five-year consulting career were not stereotypical leaders. They were all over the map in terms of their personalities, attitudes, values, strengths, and weaknesses.
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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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The Welfare State, which begun in Imperial Germany for the truly indigent and disabled, has now become everybody's entitlement and an increasing burden on those who produce.
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Now that knowledge is taking the place of capital as the driving force in organizations worldwide, it is all too easy to confuse data with knowledge and information technology with information.
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Never ask who's right. Start out by asking what is right. And you find that out by listening to dissenting, disagreeing opinions.
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Doing the right thing is more important than doing the thing right.
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There are only two things in a business that make money - innovation and marketing, everything else is cost.
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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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There are no creeds in mathematics.
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Innovation is the specific tool of entrepreneurs, the means by which they exploit change as an opportunity for a different business or a different service.
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To survive and succeed, every organization will have to turn itself into a change agent
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