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The ultimate resource in economic development is people. It is people, not capital or raw materials that develop an economy.
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
Develop
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Ultimate
Development
Economy
Economic
Resource
People
Capital
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Absolute size by itself is no indicator of success and achievement, let alone of managerial competence. Being the right size is.
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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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Growth that adds volume without improving productivity is fat. Growth that diminishes productivity is cancer.
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The only skill that will be important in the 21st century is the skill of learning new skills.Everythi ng else will become obsolete over time.
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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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Your first and foremost job as a leader is to take charge of your own energy and then help to orchestrate the energy of those around you.
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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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No decision has been made unless carrying it out in specific steps has become someone's work assignment and responsibility.
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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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When a resource is scarce, you increase its yield.
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Because its purpose is to create a customer, the business enterprise has two - and only these two — basic functions: marketing and innovation. Marketing and innovation produce results all the rest are 'costs'.
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Company cultures are like country cultures. Never try to change one. Try, instead, to work with what you've got.
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The single most important thing to remember about any enterprise is that results exist only on the outside.The result of a business is a satisfied customer. The result of a hospital is a satisfied patient. The result of a school is a student who has learned something and puts it to work ten years later. Inside an enterprise there are only costs.
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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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The true business of every company is to make and keep customers.
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We can say with certainty - or 90% probability - that the new industries that are about to be born will have nothing to do with information.
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Doing the right thing is more important than doing the thing right.
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