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The concept of profit maximization is, in fact, meaningless.
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
Profit
Concepts
Fact
Facts
Maximization
Meaningless
Concept
More quotes by Peter Drucker
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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The ultimate resource in economic development is people. It is people, not capital or raw materials that develop an economy.
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Do not measure your life by your goals but what you are doing to achieve them.
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Leadership is lifting a person's vision to high sights, the raising of a person's performance to a higher standard, the building of a personality beyond its normal limitations.
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Don't take on things you don't believe in and that you yourself are not good at. Learn to say no. Effective leaders match the objective needs of their company with the subjective competencies. As a result, they get an enormous amount of things done fast.
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The worker's effectiveness is determined largely by the way he is being managed.
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The enterprise, by definition, must be capable of producing more or better than all the resources that comprise it.
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Nothing else, perhaps, distinguishes effective executives as much as their tender loving care of time.
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With Christianity, freedom and equality became the two basic concepts of Europe they are themselves Europe.
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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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All companies are service companies some also manufacture products.
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We no longer even understand the question whether change is by itself good or bad, ...We start out with the axiom that it is the norm. We do not see change as altering the order... We see change as being order itself - indeed the only order we can comprehend today is a dynamic, a moving, a changing one.
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Every organization has to prepare for the abandonment of everything it does.
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Providing more desirable products, services, and customer experiences is vital to the continued existence of any business. And that is INNOVATION.
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Thus, for those who are willing to go out into the field, to look and to listen, changing demographics is both a highly productive and a highly dependable innovation opportunity.
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Innovation is the specific tool of entrepreneurs, the means by which they exploit change as an opportunity for a different business or a different service.
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To survive and succeed, every organization will have to turn itself into a change agent
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The best plan is only a plan... unless it degerates into work.
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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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