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21 " The people who work within these industries or public services know that there are basic flaws. But they are almost forced to ignore them and to concentrate instead on patching here, improving there, fighting the fire or caulking that crack. They are thus unable to take the innovation seriously, let alone to try to compete with it. They do not, as a rule, even notice it until it has grown so big as to encroach on their industry or service, by which time it has become irreversible. In the meantime, the innovators have the field to themselves. "
― Peter F. Drucker , Innovation and Entrepreneurship: Practice and Principles
22 " Entrepreneurship is neither a science nor an art. It is a practice. "
― Peter F. Drucker
23 " And it is change that always provides the opportunity for the new and different. Systematic innovation therefore consists in the purposeful and organized search for changes, and in the systematic analysis of the opportunities such changes might offer for economic or social innovation. "
24 " Only a clear, focused, and common mission can hold the organization together and enable it to produce results. "
― Peter F. Drucker , Post-Capitalist Society
25 " One should waste as little effort as possible on improving areas of low competence. It takes far more energy and work to improve from incompetence to mediocrity than it takes to improve from first-rate performance to excellence. "
26 " Strategy is a commodity, execution is an art. "
27 " People who don't take risks generally make about two big mistakes a year. People who do take risks generally make about two big mistakes a year. "
28 " Unless commitment is made, there are only promises and hopes; but no plans. "
29 " What's measured improves "
30 " 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. "
― Peter F. Drucker , The Essential Drucker
31 " Until we can manage time, we can manage nothing else. "
32 " The computer is a moron. "
33 " A manager is responsible for the application and performance of knowledge. "
34 " We now accept the fact that learning is a lifelong process of keeping abreast of change. And the most pressing task is to teach people how to learn. "
35 " Knowledge has to be improved, challenged, and increased constantly, or it vanishes. "
36 " When a subject becomes totally obsolete we make it a required course. "
37 " Trying to predict the future is like trying to drive down a country road at night with no lights while looking out the back window. "
38 " The only thing we know about the future is that it will be different. "
39 " Management is doing things right; leadership is doing the right things. "
40 " Actually, IBM went through a severe identity crisis. It almost missed the computer opportunity. It became capable of growth only through a palace coup which overthrew Thomas J. Watson, Sr., the company’s founder, its chief executive, and for long years the prophet of “data processing. "
― Peter F. Drucker , Management: Tasks, Responsibilities, Practices