"There are only two things in a business that make money - innovation and marketing, everything else is cost."
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Quote collection
Peter Drucker quotes (page 13 of 30)
592 quotes — follow a thought to its full quote page.
"The essence of management is to make knowledge productive."
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"A manager's task is to make the strengths of people effective and their weakness irrelevant - and that applies fully as much to the manager's boss as it applies to the manager's subordinates."
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"Look upon every obstacle as part payment towards your success."
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"Free enterprise cannot be justified as being good for business. It can be justified only as being good for society."
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"The most serious mistakes are not being made as a result of wrong answers. The true dangerous thing is asking the wrong question."
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"It is easier to raise the performance of one leader than it is to raise the performance of a whole mass."
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"Time is the scarcest resource."
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"I'm a writer. I could not or would not ever run a business. I don't even have a secretary. And contrary to some of the stereotypes, entrepreneurs are not loners. I am."
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"You can either take action, or you can hang back and hope for a miracle. Miracles are great, but they are so unpredictable."
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"Balance Sheets are meaningless. Our accounting systems are still based on the assumption that 80% of costs are manual labor."
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"Most discussions of decision making assume that only senior executives make decisions or that only senior executives' decisions matter. This is a dangerous mistake."
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"Most of what you hear about entrepreneurshi p is all wrong. It's not magic; it's not mysterious; and it has nothing to do with genes. It's a discipline and, like any discipline, it can be learned."
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"Concentration is the key to economic results. No other principle of effectiveness is violated as constantly today as the basic principle of concentration.... Our motto seems to be, "Let's do a little bit of everything.""
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"The building of a personality beyond its normal limitations."
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"...because knowledge rapidly deteriorates unless it is used constantly, maintaining within an organization an activity that is used only intermittently guarantees incompetence."
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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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"If you want to improve how you manage time - stop doing what doesn't need to be done!"
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"What the customer buys and considers value is never a product. It is always utility, that is, what a product or a service does for the customer."
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"Business, that's easily defined - it's other people's money."
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