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Without institution there is no management. But without management there is no institution.

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
Institutions
Without
Institution
Management

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Growth that adds volume without improving productivity is fat. Growth that diminishes productivity is cancer.
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Trust is congruence between what you say and what you do.
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Every few hundred years in Western history there occurs a sharp transformation. Within a few short decades, society - its worldview, its basic values, its social and political structures, its art, its key institutions - rearranges itself. We are currently living through such a time.
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It is easier to raise the performance of one leader than it is to raise the performance of a whole mass.
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To be a manager requires more than a title, a big office, and other outward symbols of rank. It requires competence and performance of a high order.
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We live in an age of unprecedented opportunity: If you’ve got ambition and smarts, you can rise to the top of your chosen profession, regardless of where you started out.
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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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The ultimate resource in economic development is people. It is people, not capital or raw materials that develop an economy.
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Everybody has accepted by now that change is unavoidable. But that still implies that change is like death and taxes - it should be postponed as long as possible and no change would be vastly preferable. But in a period of upheaval, such as the one we are living in, change is the norm.
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