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We can say with certainty - or 90% probability - that the new industries that are about to be born will have nothing to do with information.

Peter Drucker

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Peter Drucker
Age: 95 †
Born: 1909
Born: November 19
Died: 2005
Died: November 11
Author
Businessperson
Columnist
Economist
Journalist
Lawyer
Philosopher
Sculptor
University Teacher
Writer
Vienna
Austria
Peter F. Drucker
Peter Ferdinand Drucker
Industries
Probability
Certainty
Industry
Information
Economy
Born
Nothing

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We know nothing about motivation. All we can do is write books about it.
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Absolute size by itself is no indicator of success and achievement, let alone of managerial competence. Being the right size is.
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A success that has outlived its usefulness may, in the end, be more damaging than failure.
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People who need certainty are unlikely to make good entrepreneurs.
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Brilliant men are often strikingly ineffectual. They fail to realize that the brilliant insight is not by itself achievement. They never have learned that insights become effectiveness only through hard systematic work.
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What can I contribute that will significantly affect the performance and the results of the institution I serve?
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There's an enormous number of managers who have retired on the job.
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All good strategy eventually degenerates into work.
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Marketing is the distinguishing, unique function of the business.
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The most important, and indeed the truly unique, contribution of management in the 20th century was the fifty-fold increase in the productivity of the MANUAL WORKER in manufacturing. The most important contribution management needs to make in the 21st century is similarly to increase the productivity of KNOWLEDGE WORK and the KNOWLEDGE WORKER.
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The basic economic resource - the means of production - is no longer capital, nor natural resources, nor labor. It is and will be knowledge.
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Since we live in an age of innovation, a practical education must prepare a man for work that does not yet exist and cannot yet be clearly defined.
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Every success creates new opportunities. So does every failure.
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Conductors do not know how the oboe does its work, but they know what the oboe should contribute.
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Cultivate a deep understanding of yourself - not only what your strengths and weaknesses are but also how you learn, how you work with others, what your values are, and where you can make the greatest contribution. Because only when you operate from strengths can you achieve true excellence.
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The concept of profit maximization is, in fact, meaningless.
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Plastic moments are those periods that overlap when the old has gone but the new has not yet arrived and when the course of history is more open to being shaped and steered than any other time.
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...because knowledge rapidly deteriorates unless it is used constantly, maintaining within an organization an activity that is used only intermittently guarantees incompetence.
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Every three or four years I pick a new subject. It may be Japanese art it may be economics. Three years of study are by no means enough to master a subject but they are enough to understand it. SO for more than 60 years I have kept studying one subject at a time.
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Successful people know they need to get many things done-and done effectively. Therefore, they concentrate their time and energy on doing one thing at a time-and on doing first things firs.
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