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Peter Drucker


(1909 – 2005) Full name: Peter Ferdinand Drucker. An Austrian-born American management consultant, educator, writer and university professor, whose writings contributed to the philosophical and practical foundations of the modern business corporation. He was also a leader in the development of management education, and he invented the concept known as management by objectives.

A manager is responsible for the application and performance of knowledge.
Accept the fact that we have to treat almost anybody as a volunteer.
Business, that's easily defined - it's other people's money.
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.
Efficiency is doing things right; effectiveness is doing the right things.
Innovation is the specific instrument of entrepreneurship. The act that endows resources with a new capacity to create wealth.
Knowledge has to be improved, challenged, and increased constantly, or it vanishes.
Making good decisions is a crucial skill at every level.
Management by objective works - if you know the objectives. Ninety percent of the time you don't.
Management is doing things right; leadership is doing the right things.
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