The purpose of an organization is to enable ordinary humans beings to do extraordinary things.
Peter DruckerRead
The most efficient way to produce anything is to bring together under one management as many as possible of the activities needed to turn out the product.
Interpretation
Efficient production requires centralized management of various activities.
This quote by Peter Drucker emphasizes the importance of coordination and integration in the production process. By consolidating different tasks and managing them under a single umbrella, organizations can streamline operations, reduce inefficiencies, and enhance productivity, ultimately leading to better results in producing goods or services.
In practice
In a business presentation about optimizing production processes.
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.
It turns out that is exactly what product strategy is all about—figuring out the right product is the innovator’s job, not the customer’s job.
Investors are always biased to invest in things they themselves understand. So venture capitalists like Uber because they like driving in black town cars. They don't like Airbnb because they like staying in five-star hotels, not sleeping on people's couches.
We must learn what customers really want, not what they say they want or what we think they should want.
Obvious prospects for physical growth in a business do not translate into obvious profits for investors.
The rules of engagement around building a brand have changed significantly over the past 10 to 15 years. Where companies at one time could spread their message through traditional marketing, consumers now seek an enduring emotional connection with the companies they patronize. The foundation of that connection is the most important characteristic of building a world-class brand: trust. Trust with your people and trust with your customers.
Money goes out first to pay expenses and then comes back as profits later - if at all. The high rate of failure of new businesses makes painfully clear that there is nothing inevitable about the money coming back.
Subscribe for the occasional hand-picked quote. No noise.