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To arrive at the definition of the problem he must begin by finding the 'critical factor'. This is the element (or elements) in the situation that has to be changed before anything else can be changed, moved, acted upon.
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
Problem
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Acted
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Must
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Factor
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Definition
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Finding
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Critical
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Do not measure your life by your goals but what you are doing to achieve them.
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We can ill afford to have activities conducted as non-profit, that is, as activities that devour capital rather than form it, if they can be organized as activities that form capital, as activities that make a profit.
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Business purpose and business mission are so rarely given adequate thought is perhaps the most important cause of business frustration and failure.
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The better a man is the more mistakes will he make – for the more new things he will try.
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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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The really important things are said over cocktails and are never done.
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If you're not living life on the edge, you're taking up too much space. The best way to predict the future is to create it.
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What's absolutely unforgivable is the financial benefit top management people get for laying off people. There's no excuse for it. No justification. No explanation. This is morally and socially unforgivable, and we'll pay a very nasty price.
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Spontaneity is an infinite number of rehearsed possibilities.
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If you want it, measure it. If you can't measure it, forget it.
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[T]hroughout the ages to be educated meant to be unproductive.... our word school - and its equivalent in all European languages - derives from a Greek word meaning leisure.
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There's nothing so useless than executing a task efficiently when it actually never should have been executed at all.
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Plans are only good intentions unless they immediately degenerate into hard work.
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The aim of marketing is to know and understand the customer so well the product or service fits him and sells itself.
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No single piece of macroeconomic advice given by the experts to their government has ever had the results predicted.
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Profit is not the explanation, cause, or rationale of business behavior and business decisions, but the test of their validity.
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The race for Quality has no finish line - so technically, it's more like a death march. Efficiency is doing things right effectiveness is doing the right things.
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Fascism is the result of the collapse of Europe's spiritual and social order... catastrophes broke through the everyday routine which makes men accept existing forms, institutions and tenets as unalterable natural laws. They suddenly exposed the vacuum behind the facade of society.
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