Peter Drucker lectures about effective decisions. During his talk, he discusses: defining the right problem, not knowing the facts and not having enough time, the percentage of error in all systems, case study analysis, the nature of a business decision as a unique event, miracles, Pareto’s Law, Henry Ford and profits, the American occupation of Japan, money as an easily managed resource in the United States, capital as shelf space, lawyers in politics, existential experience and change, and tourism.
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