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The first organization structure in the modern West was laid down in the canon law of the Catholic Church eight hundred years ago.
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
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Vienna
Austria
Peter F. Drucker
Peter Ferdinand Drucker
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Organization
West
Hundred
Modern
Canon
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Laid
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Catholic
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Eight
First
Structure
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The best plan is only a plan... unless it degerates into work.
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We always remember best the irrelevant.
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(Waste = Loss): The first rule of business is to survive and the guiding principle of business economics is not the maximisation of profit, it is the avoidance of loss
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No decision has been made unless carrying it out in specific steps has become someone's work assignment and responsibility.
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Nothing is less productive than to make more efficient what should not be done at all.
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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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Leaders shouldn?t attach moral significance to their ideas: Do that, and you can?t compromise.
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The leader of the past was a person who knew how to tell. The leader of the future will be a person who knows how to ask.
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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 experience of the human race indicates strongly that the only person in abundant supply is the universal incompetent.
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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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Everything requires time. It is the only truly universal condition. All work takes place in time and uses up time. Yet most people take for granted this unique, irreplaceable, and necessary resource. Nothing else, perhaps, distinguishes effective executives as much as their tender loving care of time.
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I find more and more executives less and less well informed about the outside world, if only because they believe that the data on the computer printouts are ipso facto information.
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Few companies that installed computers to reduce the employment of clerks have realized their expectations... They now need more, and more expensive clerks even though they call them 'operators' or 'programmers.'
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Too many leaders try to do a little bit of 25 things and get nothing done. They are very popular because they always say yes. But they get nothing done.
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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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