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The talk you hear about adapting to change is not only stupid, it's dangerous. The only way you can manage change is to create it.
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
Hear
Create
Talk
Inspirational
Change
Adapting
Way
Manage
Stupid
Dangerous
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Every three or four years I pick a new subject. It may be Japanese art it may be economics. Three years of study are by no means enough to master a subject but they are enough to understand it. SO for more than 60 years I have kept studying one subject at a time.
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The 1st question the effective decision-maker asks is: 'Is this a generic situation or an exception?'
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To satisfy the customer is the mission and purpose of every business.
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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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One either meets or one works.
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The only industries that function well are the industries that take responsibility for training. The Japanese, you know, assume that when you first come to work you know absolutely nothing. School isn't preparation for work and never was.
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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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A success that has outlived its usefulness may, in the end, be more damaging than failure.
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Most people think they know what they are good at. They are usually wrong... And yet, a person can perform only from strength.
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Planning is actually incompatible with an entrepreneurial society and economy. Planning is the kiss of death of entrepreneurship.
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Many studies of research scientists have shown that achievement (at least below the genius level of an Einstein, Bohr, or a Planck) depends less on ability in doing research than on the courage to go after opportunity.
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There is a point of complexity beyond which a business is no longer manageable.
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Ideas are like frog eggs: you've got to lay a thousand to hatch one.
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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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In the managerial organization, the top people sit in judgment in the innovative organization it is their job to encourage ideas, no matter how unripe or crude.
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The more successful the unit, the more difficult it is to make sure that the large company doesn't put the same expectations on it as it does for the rest of the company. When it's a new venture, whether it's outside or inside the business, it's a child. And you don't put a 40-pound pack on a 6-year-old's back when you take her hiking.
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Nothing else, perhaps, distinguishes effective executives as much as their tender loving care of time.
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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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[Entrepreneurship] is by no means hunch or gamble. But it also is not precisely science. Rather, it is judgment.
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