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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
Economic
Capital
Knowledge
Production
Productions
Natural
Basic
Means
Labor
Mean
Resources
Longer
Learning
Resource
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The need to manage oneself is creating a revolution in human affairs.
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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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The productivity of people requires continuous learning, as the Japanese have taught us. It requires adoption in the West of the specific Japanese Zen concept where one learns to do better what one already does well.
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Customers pay only for what is of use to them and gives them value. Nothing else constitutes quality.
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There are two types of people in the business community: those who produce results and those who give you reasons why they didn't.
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To make the future demands courage. It demands work. But it also demands faith.
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The correct assumption is that what individuals have learned by age twenty-one will begin to become obsolete five to ten years later and will have to be replaced-or at least refurbished-by new learning, new skills, new knowledge.
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We have tried to substitute mass for purpose. We have tried to regain military potency of defense by making it gigantic, unwieldy, complex. It never works.
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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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If you want it, measure it. If you can't measure it, forget it.
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All companies are service companies some also manufacture products.
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Efficiency is doing better what is already being done.
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That people even in well paid jobs choose ever earlier retirement is a severe indictment of our organizations - not just business, but government service, the universities. These people don't find their jobs interesting.
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You can't manage what you don't measure.
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