The purpose of an organization is to enable ordinary humans beings to do extraordinary things.
Peter DruckerRead
The greatest change in corporate culture - and the way business is being conducted - may be the accelerated growth of relationships based... on partnership.
Interpretation
This quote emphasizes the importance of partnerships in modern corporate culture.
Peter Drucker highlights the significant shift in corporate culture towards fostering relationships based on partnerships rather than traditional hierarchical structures. This change underlines the value of collaboration and cooperation in achieving success in business, suggesting that building strong relationships is essential for navigating the complexities of the modern business landscape.
In practice
In a business meeting discussing strategies for the upcoming project.
The purpose of an organization is to enable ordinary humans beings to do extraordinary things.
In the Western tradition, we have focused on teaching as a skill and forgotten what Socrates knew: teaching is a gift, learning is a skill.
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.
The basic economic resource - the means of production -_x000D_ _x000D_ is no longer capital, nor natural resources, nor labor._x000D_ _x000D_ It is and will be knowledge.
Unless commitment is made, there are only promises and hopes... but no plans.
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.
Roughly speaking, when you are dealing with business firms operating in a competitive system, you can assume that they're going to act rationally. Why? Because someone in a firm who buys things at $10 and sells them for $8.00 isn't going to last very long in that firm.
Know your numbers' is a fundamental precept of business.
Marketing is the way your people answer the phone, the typesetting on your bills and your return policy.
Let advertisers spend the same amount of money improving their product that they do on advertising and they wouldn't have to advertise it.
There is one and only one social responsibility of business - to use it resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud.
In the vast majority of businesses, there is simply no such thing as βthe best.β
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