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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.

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
Knowledge
Production
Natural
Productions
Means
Basic
Mean
Labor
Resources
Longer
Learning
Resource
Economic
Capital

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Every success creates new opportunities. So does every failure.
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The subordinate's job is not to reform or reeducate the boss, not to make him conform to what the business schools or the management book say bosses should be like. It is to enable a particular boss to perform as a unique individual.
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The first step toward making the worker achieving is to make work productive.
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Only three things happen naturally in organizations: friction, confusion, and underperformance. Everything else requires leadership.
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The company is not and must never claim to be home, family, religion, life or fate for the individual. It must never interfere in his private life or his citizenship. He is tied to the company through a voluntary and cancellable employment contract, not through some mystical or indissoluble bond.
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Businesses are not paid to reform customers. They are paid to satisfy customers.
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If a manager spends more than 10 percent of his time on human relations the group is probably too large.
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The enterprise that does not innovate ages and declines. And in a period of rapid change such as the present, the decline will be fast.
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