Peter Drucker
Businessman
1909-11-19
Quotes by Peter Drucker
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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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Effective leadership is not about making speeches or being liked; leadership is defined by results not attributes.
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Checking the results of a decision against its expectations shows executives what their strengths are, where they need to improve, and where they lack knowledge or information.
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Suppliers and especially manufacturers have market power because they have information about a product or a service that the customer does not and cannot have, and does not need if he can trust the brand. This explains the profitability of brands.
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No institution can possibly survive if it needs geniuses or supermen to manage it. It must be organized in such a way as to be able to get along under a leadership composed of average human beings.
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The most important thing in communication is hearing what isn't said.
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Knowledge has to be improved, challenged, and increased constantly, or it vanishes.
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Accept the fact that we have to treat almost anybody as a volunteer.
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The best way to predict the future is to create it.
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There is nothing so useless as doing efficiently that which should not be done at all.
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Plans are only good intentions unless they immediately degenerate into hard work.
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The productivity of work is not the responsibility of the worker but of the manager.
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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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Whenever you see a successful business, someone once made a courageous decision.
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