There is only one valid definition of business purpose: to create a customer.
PETER DRUCKERUntil we can manage time, we can manage nothing else.
More Peter Drucker Quotes
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Business has only two functions – marketing and innovation.
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If you want something new, you have to stop doing something old.
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Intelligence, imagination, and knowledge are essential resources, but only effectiveness converts them into results.
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No one learns as much about a subject as one who is forced to teach it.
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It is more productive to convert an opportunity into results than to solve a problem – which only restores the equilibrium of yesterday.
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Until we can manage time, we can manage nothing else.
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People in any organization are always attached to the obsolete – the things that should have worked but did not, the things that once were productive and no longer are.
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The less an organization has to do to produce results, the better it does its job.
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When a subject becomes totally obsolete we make it a required course.
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A manager is responsible for the application and performance of knowledge.
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A decision without an alternative is a desperate gambler’s throw.
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Plan, organize, integrate, motivate, and measure.
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To be sure, the fundamental task of management remains the same: to make people capable of joint performance through common goals, common values, the right structure, and the training and development they need to perform and to respond to change.
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The computer is a moron.
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Effective executives know that their subordinates are paid to perform and not to please their superiors.
PETER DRUCKER