"The ultimate resource in economic development is people. It is people, not capital or raw materials that develop an economy."
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Quote collection
Peter Drucker quotes (page 14 of 30)
592 quotes — follow a thought to its full quote page.
"The first organization structure in the modern West was laid down in the canon law of the Catholic Church eight hundred years ago."
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"Businesses are not paid to reform customers. They are paid to satisfy customers."
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"What is the manager's job? It is to direct the resources and the efforts of the business toward opportunities for economically significant results. This sounds trite - and it is. But every analysis of actual allocation of resources and efforts in business that I have ever seen or made showed clearly that the bulk of time, work, attention, and money first goes to problems rather than to opportunities, and, secondly, to areas where even extraordinarily successful performance will have minimal impact on results."
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"In the modern corporation the decisive power, that of the managers , is derived from no one but the managers themselves controlled by nobody and nothing and responsible to no one. It is in the most literal sense unfounded, unjustified, uncontrolled and irresponsible power."
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"The strength of the computer lies in its being a logic machine. It does precisely what it is programed to do. This makes it fast and precise. It also makes it a total moron; for logic is essentially stupid."
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"The moment people talk of "implementing" instead of "doing," and of "finalizing" instead of "finishing," the organization is already running a fever."
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"Erroneous assumptions can be disastrous."
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"Management means, in the last analysis, the substitution of thought for brawn and muscle, of knowledge for folkways and superstition, and of cooperation for force. It means the substitution of responsibility for obedience to rank, and of authority of performance for the authority of rank."
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"As with every phenomenon of the objective universe, the first step toward understanding work is to analyze it."
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"Once a year ask the boss, "What do I or my people do that helps you to do your job?" and "What do I or my people do that hampers you?""
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"In all recorded history there has not been one economist who has had to worry about where the next meal would come from."
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"Knowledge is being applied to knowledge itself. It is now fast becoming the one factor in production, sidelining both capital and labour."
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"The computer actually may have aggravated management's degenerative tendency to focus inward on costs."
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"Thus, for those who are willing to go out into the field, to look and to listen, changing demographics is both a highly productive and a highly dependable innovation opportunity."
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"Almost everybody today believes that nothing in economic history has ever moved as fast as, or had a greater impact than, the Information Revolution. But the Industrial Revolution moved at least as fast in the same time span, and had probably an equal impact if not a greater one."
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"There's an enormous number of managers who have retired on the job."
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"Don't take on things you don't believe in and that you yourself are not good at. Learn to say no. Effective leaders match the objective needs of their company with the subjective competencies. As a result, they get an enormous amount of things done fast."
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"The most common source of mistakes in management decisions is the emphasis on finding the right answer rather than the right question."
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"The organization is, above all, social. It is people."
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