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The enterprise, by definition, must be capable of producing more or better than all the resources that comprise it.
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
Must
Comprise
Producing
Definition
Enterprise
Definitions
Resources
Capable
Better
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Plans are worthless, but planning is invaluable.
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Education can no longer be the sole property of the state.
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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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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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With Christianity, freedom and equality became the two basic concepts of Europe they are themselves Europe.
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Political freedom is neither easy nor automatic, neither pleasant nor secure. It is the responsibility of the individual for the decisions of society as if they were his own decisions-as in moral truth and accountability they are.
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Our job in life is to make a positive difference, not prove we're right.
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It is willingness of people to give of themselves over and above the demands of the job that distinguishes the great from the merely adequate.
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Many studies of research scientists have shown that achievement (at least below the genius level of an Einstein, Bohr, or a Planck) depends less on ability in doing research than on the courage to go after opportunity.
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The race for Quality has no finish line - so technically, it's more like a death march. Efficiency is doing things right effectiveness is doing the right things.
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There's an enormous number of managers who have retired on the job.
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Managers are the basic and scarcest resource of any business enterprise.
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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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The enterprise that does not innovate ages and declines. And in a period of rapid change such as the present, the decline will be fast.
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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 really important things are said over cocktails and are never done.
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Every single social and global issue of our day is a business opportunity in disguise.
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