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Date: Wed, 6 Mar 2002 16:08:25 -0800


Mr. Rod Welch
rowelch@attglobal.net
The Welch Company
440 Davis Court #1602
San Francisco, CA 94111 2496

Subject:   Drucker quote

Rod,

I can't find the quote. Here are the closest:

"'Success' in innovating efforts is a batting average of one out of ten. This is, of course, the reason for aiming high in innovative efforts. The one winner has to make up for the nine losers and has to produce its own results."

Peter F. Drucker, Management: Tasks, Responsibilities, Practices p792

"For a long time (years in many cases) the new endeavor shows neither profits nor growth. It absorbs resources. But then it should grow very fast for quite a long time and return the money invested in its development at least fifty-fold -- if not at a much higher rate -- or else the innovation is a failure."

Peter F. Drucker, Innovation and Entrepreneurship: Practice and Principles p166

I also forwarded your email to Professor Joseph Maciariello. I looked at the 10/99 Atlantic Monthly article you mentioned. There is another article I'm looking for that is more on point for your inquiry. I'll let you know when I find it.

Sincerely,

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Jill Acree
druckerarchives@cgu.edu