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Profit is not a cause but a result-

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
Results
Causes
Profit
Result
Cause

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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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Accept the fact that we have to treat almost anybody as a volunteer.
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Only three things happen naturally in organizations: friction, confusion, and underperformance. Everything else requires leadership.
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Adversarial power relationships only work if you never have to see or work with the bastards again.
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An employer has no business with a man's personality... The task is not to change personality, but to enable a person to achieve and to perform.
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Nothing else, perhaps, distinguishes effective executives as much as their tender loving care of time.
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What gets measured gets managed.
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When a resource is scarce, you increase its yield.
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One does not manage people. The task is to lead people.
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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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One does not start with facts. One starts with opinions.
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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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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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Universities won't survive. The future is outside the traditional campus, outside the traditional classroom. Distance learning is coming on fast.
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Through systematic terror, through indoctrination, through systematic manipulation of stimulus, reward, and punishment, we can today break man and convert him into brute animal... The first step toward survival is therefore to make government legitimate again by attempting to deprive it of these powers... by international action to ban such powers.
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People who need certainty are unlikely to make good entrepreneurs.
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The purpose of a business is to create a customer.
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Loafing is easy, but leisure is difficult.
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It has been said, and only half in jest, that a tough, professionally led union is a great force for improving management performance. It forces the manager to think about what he is doing and to be able to explain his actions and behavior.
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Executives owe it to the organization and to their fellow workers not to tolerate nonperforming individuals in important jobs.
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