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Profit is not the explanation, cause, or rationale of business behavior and business decisions, but the test of their validity.

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
Decisions
Behavior
Cause
Rationale
Decision
Validity
Causes
Explanation
Business
Test
Tests

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Any organisation develops people it either forms them or deforms them.
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Loafing is easy, but leisure is difficult.
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Knowledge applied is productivity.
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To make knowledge productive, we will have to learn to see both forest and tree. We will have to learn to connect.
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The most effective way to manage change is to create it.
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Marketing is not only much broader than selling, it is not a specialized activity at all. It encompasses the entire business. It is the whole business seen from the point of view of its final result, that is, from the customer's point of view.
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[T]hroughout the ages to be educated meant to be unproductive.... our word school - and its equivalent in all European languages - derives from a Greek word meaning leisure.
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The most important contribution management needs to make in the 21st century is ... to increase the productivity of knowledge work and the knowledge worker
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In todays economy, the most important resource is no longer labor, capital or land it is knowledge
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Education can no longer be the sole property of the state.
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No executive has ever suffered because his subordinates were strong and effective.
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The best way to predict the future is to create it.
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The subordinate's job is not to reform or reeducate the boss, not to make him conform to what the business schools or the management book say bosses should be like. It is to enable a particular boss to perform as a unique individual.
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There is the general belief that the corporation income tax is a tax on the rich and on the fat cats. But with pension funds owning 30% of American large business-and soon to own 50%-the corporation income tax, in effect, eases the load on those in top income brackets and penalizes the beneficiaries of pension funds.
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The worker's effectiveness is determined largely by the way he is being managed.
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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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The greatest change in corporate culture - and the way business is being conducted - may be the accelerated growth of relationships based... on partnership.
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Decision making is the specific executive task.
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